Apply for a Loan Against Property in Amritsar with Flexible Repayment Options!
As a pivotal part of Punjab's tourism circuit, Amritsar offers residents a range of business prospects catering to visitors. Known for its iconic Golden Temple, this bustling city is also making strides in commerce and industry. To further support its growth, Poonawalla Fincorp offers a Loan Against Property in Amritsar that is tailored to meet the city's diverse needs.
Whether you're a salaried individual, a business owner, or a self-employed professional in Amritsar, our property mortgage loan as LAP can fuel your aspirations. Use your property as collateral and secure substantial funds for various purposes, from business expansion to education or medical expenses. With competitive interest rates and a transparent process, you can manage your EMIs effectively. Our flexible repayment tenure, extending up to 15 years, empowers you to choose a schedule that suits your financial circumstances.
Loan Against Property Interest Rates in Amritsar
Our Loan Against Property in Amritsar is offered at competitive interest rates, starting from just 9.5% p.a. See below 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 Amritsar
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Simplified Documentation
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Quick Approvals
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Competitive Interest Rates
Simplified Documentation
We require minimal essential documents, saving your time and expediting the loan processing.
Quick Approval
Experience quick loan approval with our online application and dedicated support.
Competitive Interest Rates
Enjoy affordable interest rates for manageable EMIs.
We offer a Loan Against Property in Amritsar for:
- Self-employed Professionals: We offer Loan Against Property tailored for self-employed professionals.
- Firms/Companies: We extend Loan Against Property services to enterprises, aiding their growth and addressing their specific financial requirements.
- Salaried Individuals: Gain financial flexibility by securing a Loan Against Property and use the funds to fulfil various financial needs.
Purposes of Loan Against Property in Amritsar:
- Property Renovation: Elevate your business premises or elevate your home with property-backed financing.
- Boost Business Growth: Get the financial support to expand and grow your existing business.
- Emergency Medical Funds: Ensure financial stability to cover unexpected medical costs and urgent healthcare requirements.
Conclusion
To sum up, Poonawalla Fincorp's Loan Against Property in Amritsar is an excellent financial product that can support the different needs of its residents and businesses. Utilize your property's value for funds, covering needs ranging from business growth to medical emergencies. Apply now for a Loan Against Property and take strides towards a brighter financial future in Amritsar.
Poonawalla Fincorp’s Branch Address in Amritsar:
Poonawalla Fincorp Limited
Address: 2nd Floor, B Block, SCO-24, District. Shopping Complex , Ranjit Avenue, Amritsar, Punjab-143001
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
