Experience Quick Disbursals with our Loan Against Property!
Chennai is a bustling metropolis known for its cultural heritage, educational institutions, and thriving industries. In a city teeming with dreams and ambitions, financial support can be a catalyst for success. At Poonawalla Fincorp, we understand the importance of realizing these dreams, and our Loan Against Property is designed to empower you.
Whether you're a salaried individual, a business owner, or a self-employed professional, our property mortgage loan can be your financial partner. It comes with competitive interest rates and flexible loan terms, ensuring a hassle-free borrowing experience. Let’s make your financial journey smooth and successful.
Loan Against Property Interest Rates
We offer competitive interest rates on loans against a home. Even the applicable charges come with complete fee transparency. Learn more about the specifics below:
| 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 |
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| 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.
Benefits and Features of Loan Against Property
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Minimum Documentation
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Competitive Interest Rates
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Flexible Tenure
Minimum Documentation
No need to worry about furnishing endless paperwork. Submit only essential documents required for a mortgage property loan.
Competitive Interest Rates
You can leverage your property by getting the necessary funds at a competitive rate.
Flexible Tenure
With our loan against home, you can manage your repayments better through a flexible tenure of up to 15 years.
We offer Loan Against Property for
- Self-employed Professionals: Our loan is designed to accommodate the diverse financial needs of self-employed professionals.
- Salaried Individuals: We offer loans to help salaried professionals meet their financial requirements.
- Firms/Companies: Businesses and corporations can avail of a property mortgage loan to invest in business growth and expansion.
Purposes of Loan Against Property
- Fuel Your Business Ambitions: Leverage the potential of a mortgage loan to bolster your entrepreneurial aspirations.
- Transform Your Environments: Enhance and renovate your business facilities or residential areas using LAP financing.
- Secure Your Family's Welfare: Protect your family's future by acquiring funds for education and unforeseen emergencies through LAP.
Poonawalla Fincorp’s Branch Address in Chennai:
Poonawalla Fincorp Limited
Address: 2nd Floor,The Oval Tower, Venkatanarayana Road, T.Nagar, Chennai Tamil Nadu-600017
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
