Unlock Your Property's Value with a ₹60 Lakhs Loan!
Are you considering major financial decision that requires high funds instantly? A Loan Against Property is a perfect solution for such high financial requirement. With Poonawalla Fincorp, you can avail ₹60 Lakh loan EMI instantly whether it’s for expanding your business, investing in education, consolidating debts, or handling major expenses.
₹60 Lakh Loan Against Property EMI for up to 15 Years
One of the key considerations while availing ₹60 Lakh Loan Against Property is the equated monthly instalment (EMI). With a loan tenure of up to 15 years, you have flexibility in choosing a repayment plan that suits your financial needs. Longer tenures generally result in affordable EMIs, making it manageable. You can use online EMI calculators to determine the EMI amount that fits your financial budget for the ₹60 Lakh loan EMI.
EMI Calculator for ₹60 Lakh Loan Against Property
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Interest Rate & Charges for ₹60 Lakh Loan Against Property
You can avail Loan Against Property with competitive interest rate, starting at just 9% per annum. Explore the details below:
| Loan Against Property Interest Rates | 9% p.a. onwards |
| Loan Amount | From ₹51 Lakh 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 ₹60 Lakh Loan Against Property
Before you apply for a ₹60 Lakh loan with Poonawalla Fincorp, you need to provide the below mentioned documents.:
Eligibility Requirements:
Credit Score
Income
Property Ownership
Age
Property Type
- Credit Score: Having a good credit score improves your chances of getting approved.
- Income: Your income reflects your capability to repay the loan.
- Property Ownership: You must legally own the property you're using as collateral.
- Age: Typically, you should be between 18 and 60 years old to apply for this loan.
- Property Type: The property you're using as collateral must be residential or commercial with the clarity of your ownership.
Documents Required :
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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
- Proof of Identity: You need to provide documents such as PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport.
- Address Verification: For address verification, you can provide utility bills or a rental agreement.
- Property Documents: For property documents, you need to provide the title deed, sale deed, and property tax receipts.
- Income Documents: As income documents, you need to provide salary slips, income tax returns, and bank statements.
Benefits of ₹60 Lakh Loan Against Property
You can avail ₹60 Lakh Loan Against Property comes with several benefits:
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Transparent Process
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Quick and Easy Process
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Competitive Interest Rates
- Transparent Process: There is no hidden cost involved during the entire loan process as all charges and fees are clearly communicated.
- Quick and Easy Process: The online loan application process is swift with speedy approval and disbursal.
- Competitive Interest Rates: With Poonawalla Fincorp, you can avail of a Loan Against Property at affordable interest rates.
Apply for ₹60 Lakh 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 maximum loan amount depends on your property's value, credit report and various other eligibility criteria set by the lender.
*Terms & Conditions Apply
