Fulfil Any Financial Need with a ₹5 Cr Loan Against Property!
In today’s competitive world, many people face significant financial challenges in a bid to fulfil their dreams and ambitions. Whether it's growing a business, paying for education, or dealing with unexpected expenses, access to immediate funds is vital. In such situations, a ₹5 Crore Loan Against Property from Poonawalla Fincorp can be extremely useful. This loan allows you to utilize your property as collateral and obtain the funds you need to fulfil your specific requirements.
EMI Calculator for ₹5 Cr Loan Against Property
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Interest Rate & Charges for ₹5 Cr Loan Against Property
The interest rate on ₹5 Cr Loan Against Property offered by Poonawalla Fincorp starts from just 9% per annum. For other applicable charges, you can check the table below:
| Loan Against Property Interest Rates | 9% p.a. Onwards |
| Loan Amount | From ₹51 Lakhs to ₹5 Cr |
| Loan Processing Fees | Up to 1% Plus applicable taxes |
| Lowest EMI per month | 1044* Per Lakh for 180 Months |
| Maximum Tenure | 3-15 years (12 years for Industrial/Warehouse). |
| Foreclosure/Prepayment Charges | 0%* If paid from own sources & 4%* If paid from other sources |
| Late Payment Charges | 3% per month |
| Cheque Bounce Charges | ₹1000 per bounce plus applicable taxes |
| IMD Charges - Initial application fee | ₹10,000 - Non-Refundable |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Required Eligibility Criteria & Documents for ₹5 Cr Loan Against Property
To secure a ₹5 Cr Loan Against Property, you'll need to meet specific eligibility criteria and provide some essential documents. While these requirements may vary among lenders, some of the common prerequisites include:
Eligibility Criteria:
Income
Property Ownership
Age
Credit Score
Property Type
- Income: Your income details are required to determine your ability to repay the loan.
- Property Ownership: You must have legal ownership of the property you intend to use as collateral.
- Age: Your age should be between 18 and 60 years old.
- Credit Score: Having a good credit score (700 and above) improves your chances for loan approval.
- Property Type: The property can be residential or commercial, with clearly established ownership.
Required Documents:
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Proof of Identity
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Address Verification
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Property Documents
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Income Documents
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Bank Account Statements
- Proof of Identity (PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport)
- Address Verification (utility bills or a rental agreement)
- Property Documents (title deed, sale deed, and property tax receipts)
- Income Documents (salary slips and income tax returns)
- Bank Account Statements
Benefits of ₹5 Cr Loan Against Property
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High Loan Amount
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Flexible Repayment Period
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Competitive Interest Rates
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Swift Processing
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Asset Ownership
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Versatile Usage
- High Loan Amount: You can access significant funds to fulfil various financial requirements.
- Flexible Repayment Period: Our Loan Against Property comes with a flexible repayment tenure that makes it easier for you to manage your EMIs.
- Competitive Interest Rates: Avail of a Loan Against Property at favourable interest rates.
- Swift Processing: Experience swift approval and disbursement with minimal documentation.
- Asset Ownership: You maintain ownership of your property as long as you timely pay your EMIs.
- Versatile Usage: You can use the funds from a Loan Against Property to fulfil various purposes, including business expansion, education, medical expenses, and more.
Apply for ₹5 Cr Loan Against Property within 5 Minutes
Apply
Online
Apply Online
Click on ‘Apply Now’ and enter your contact details along with loan amount, tenure, and property type.
Enter
Property
Details
Enter Property Details
Enter your DOB and property ownership details.
Enter
Occupation
Details
Enter Occupation Details
Enter your occupation and employment details.
Verification
Verification
The application will then proceed for verification and assessment.
Frequently Asked Questions
The Interest rates on a Loan Against Property may vary among lenders. The loan interest rate is also determined by certain factors like your creditworthiness and the lender's terms and conditions.
*Terms & Conditions Apply
