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

Get a Loan Against Property in Amritsar With Minimal Paperwork

Amritsar, the city of the Golden Temple, is famous for its historical significance, architecture and cultural heritage. It is also home to several industries, including textiles, handicrafts and tourism. Meet all your personal or business expenses in this city by pledging your property with a Loan Against Property. Get a loan of up to ₹25 Crore with no hidden charges.

We at Poonawalla Fincorp offer a Loan Against Property with attractive interest rates, no end-usage restrictions and quick approval. Apply now!

Why Choose Poonawalla Fincorp

Fair
Loan-to-Value (LTV)
Ratio
No End-use Restrictions
No Hidden
Charges
Minimal
Paperwork
Quick
Approval
Competitive
Interest Rate

Loan Against Property EMI Calculator

Plan your monthly repayments effortlessly with our EMI calculator. Enter the loan amount, interest rate, and tenure to know your EMIs 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 a Loan Against Property in Amritsar

Although our eligibility criteria differ based on whether you are salaried, self-employed or a firm/company, here are some of the main details:

  • Age limit:
    • For salaried employees: 21-60 years
    • For self-employed individuals: 18-75 years
    • For a proprietor, partner or director of a firm/company: 18-75 years
  • Nationality: Indian
  • Experience/Vintage:
    • For salaried: At least 3 years of total work experience with a minimum of 6 months in current employment
    • For self-employed: Should be in the same profession/business for the last 5 years
    • For a firm or company: At least 5 years in the same business

 Click to know more about the eligibility criteria in detail.

Documents Required for a Loan Against Property in Amritsar

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

  • KYC Documents
  • Income Proof
  • Property Papers
  • Bank Account Statement
  • Address Proof

Click to know more about documentation in detail.

Interest Rate and Charges for a Loan Against Property in Amritsar

We offer a mortgage loan at attractive interest rate and nominal charges:

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
Loan 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
Repayment Instrument Dishonour 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

Different Uses of a Loan Against Property in Amritsar

● Covering medical emergencies

● Financing higher education

● Paying for travel costs

● Renovating your home

● Expanding your business

Who Can Get a Loan Against Property in Amritsar

● Salaried Individuals

● Self-employed Professionals

● Companies/Firms

Tips for Successful Loan Against Property Application

  • Build a good credit score
  • Pay off your existing debts
  • Check the lender’s eligibility criteria
  • Submit all property-related documents

Poonawalla Fincorp Branch Address in Amritsar

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

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

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Frequently Asked Questions

1. What is the minimum loan amount for Poonawalla Fincorp’s Loan Against Property?

We offer a mortgage loan in Amritsar for a loan amount starting from ₹51 Lakh, with the maximum loan amount going up to ₹25 Crore.

2. Are there any hidden charges or fees for a Loan Against Property from Poonawalla Fincorp?

Poonawalla Fincorp believes in transparency. We offer our Loan Against Property without any hidden charges.

3. How do I improve my eligibility for a Loan Against Property from Poonawalla Fincorp?

You can improve your eligibility for our property mortgage loan by following the below steps:

Build and maintain a credit score of 750 and above

Pledge a high-value collateral as security for the loan

Have a steady source of income, etc.