Loan Up to
₹25 Crore
Loan Tenure
3-15 Years
Interest Rate
Starting at 9.5%* p.a.

Apply for a Seamless LAP Balance Transfer

Optimise your existing loans to reduce your debt burden and enhance your overall finances. Transfer your balance to Poonawalla Fincorp and benefit from a fair loan-to-value, favourable interest rates, minimal paperwork and flexible loan tenure. Apply now!

Why Choose Poonawalla Fincorp

Fair Loan-to-Value Ratio
Attractive Interest Rate
Minimal
Documentation
Swift
Approval
Flexible
Repayment Terms
Zero Hidden
Charges

Check Monthly EMI for LAP Balance Transfer

Use our EMI calculator for a quick and accurate estimate of your monthly instalments. Enter your loan amount, tenure and interest and get results instantly. Try now!

Optimize Your Loan Against Property Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹5100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
9 %
15 %

Tenure

Months
36Months
180Months

Apply for a Loan Against Property in Just 3 Steps

Click on "Apply Now”

Tap the Apply Now button to initiate your application.

Enter Details

Enter your contact, personal, occupation, and property ownership details.

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for Loan Against Property Balance Transfer

Depending upon whether you are salaried, self-employed or an established firm/company, your eligibility criteria may differ based on:

  • Age
  • Occupation
  • Experience/Vintage
  • Citizenship

Click to know more about eligibility criteria in detail

Documents Required for LAP Balance Transfer

Submit the required documents based on whether you are salaried, self-employed or an established firm/company to avail of this loan:

  • Property Documents
  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Account Statement

Click to know more about documentation in detail

Interest Rates and Charges for LAP Balance Transfer

We offer competitive interest rates and charges:

INTEREST RATE
Starting from
9.5
%* p.a.

PROCESSING FEE
2
% + applicable taxes

FORECLOSURE CHARGES
5
% on principal outstanding + applicable taxes

Details of Charges for Loan Against Property Balance Transfer

Interest Rate
9.5%* p.a. onwards
Loan Amount
From ₹51 Lakh to ₹25 Crore
Loan Processing Fees
2% 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
5% on principle outstanding plus applicable taxes

5% on principle partly paid amount plus applicable taxes
Default Charges
24% per annum plus taxes
Cheque Bounce Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Who Can Avail of LAP Balance Transfer?

  • Firms or Companies
  • Salaried individuals
  • Self-employed individuals

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

rightArrow
rightArrow

Frequently Asked Questions

1. What is a balance transfer loan?

A balance transfer loan allows a borrower to transfer the existing loan from one lender to another lender.

2. What is the minimum amount eligible for LAP balance transfer?

The minimum eligible amount for a LAP Balance Transfer with Poonawalla Fincorp is ₹51 Lakh.

3. Which documents are necessary for a balance transfer?

The necessary documents for balance transfer include:

  • Property Documents
  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Account Statement
4. What are the Balance Transfer interest rates on Poonawalla Fincorp's Loan Against Property?

The interest rate for our LAP Balance Transfers starts at 9.5%* p.a. Several factors, including property type and credit score, influence your specific Balance Transfer interest rate.
*T&C Apply