Get a Long Tenure on a Loan Against Property in Allahabad!
Allahabad, a city steeped in history and known for its rich cultural heritage, is also a hub of modern aspirations and provides lots of opportunities for entrepreneurs to grow their businesses. Nevertheless, getting financial assistance is not often easy. Hence, at Poonawalla Fincorp, we ensure competitive interest rates, transparent processing, and a flexible tenure of up to 15 years. Our commitment to transparency means no hidden charges, making Loan Against Property a hassle-free financial solution in Allahabad recognising the need for financial support to achieve your business aspirations.
Loan Against Property Interest Rates in Allahabad
We provide competitive interest rate on LAP starting at just 9.5% per year for loans up to ₹25 Crore. We ensure clear and affordable charges for an easy-to-understand loan process.
Refer to the below table for more details:
| Interest Rate | 9.5% p.a. onwards |
| Loan Amount | From ₹51 Lakh to ₹25 Crore |
| Loan Processing Fees | Up to 2% |
| Lowest EMI per month | 1044* per Lakh for 180 months |
| Maximum Tenure | 3-15 years (12 years for Industrial/Warehouse) |
| Foreclosure/Prepayment Charges |
|
| Default Charges | 24% per annum |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.
Features and Benefits of Loan Against Property in Allahabad
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Easy Application
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Swift Approval
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No Hidden Charges
Easy Application
Our application process is fully digitalised, which allows you to save valuable time by accessing the loan application process from anywhere at any time.
Swift Approval
Once you have submitted all the required documents correctly your documents will be verified, and the loan amount will be disbursed in a short time.
No Hidden Charges
We maintain complete transparency by clearly communicating all applicable charges during loan processing, assuring you that there won't be any hidden charges.
We offer a Loan Against Property in Allahabad for:
- Self-employed Professionals: Doctors, Company Secretaries, Chartered Accountants, and other professionals who work for themselves can use their property to secure loans for both personal and business needs, making their financial journey easier.
- Firms/Companies: We offer Loan Against Property services to businesses in order to support their expansion and meet their specified financial needs.
- Salaried Individuals: By Securing a Loan Against Property get financial flexibility and use funds for your multiple financial needs.
Purposes of Loan Against Property in Allahabad:
- Renovation: Whether it's your home or business space, our property loans can help you renovate and create the environment you desire.
- Business Expansion: Access funds to expand your existing business and seize new opportunities.
- Debt Consolidation: Managing multiple loans can be stressful, merge your multiple loans into one and manage your debt without any stress of making multiple payments.
Conclusion
Poonawalla Fincorp’s Loan Against Property (LAP) can be your financial partner whether you are salaried, own a business or work independently. Use your property’s values to secure substantial funds for various purposes like business growth or debt consolidation. With favourable interest rates and flexible repayment tenure of up to 15 years, Property Mortgage Loan can be your ally in Allahabad. Apply for a Loan Against Property with minimal documentation and stride confidently towards your dreams in this culturally rich city.
Poonawalla Fincorp’s Branch Address in Allahabad:
Poonawalla Fincorp Limited
Address: 1st Floor, 120/1/18/2C, Plot No-18, Site No-29, Mahatma Gandhi Marg, Near MAX Showroom,Civil Lines, Prayagraj, Allahabad, Uttar Pradesh-211001 . Landmark: Near MAX Showroom
Contact Number: 1800-266-3201 (Toll-Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
*T&C Apply
