Get a Loan Against Property in Kannur with Minimal Documentation!
Kannur a city from “God’s Own Country” Kerala, is a place where modern aspirations meet rich cultural traditions. Kannur, known for its ancient trading ports and quick urbanisation, is a symbol of both tradition and modernity and offers plenty of opportunities.
Poonawalla Fincorp understands the potential of Kannur, and the determination of residents to seize the opportunities to grow. Hence, offer a Loan Against Property to the residents to achieve their dreams without any financial constraints. Our Property Mortgage Loan comes with minimal documentation, an attractive interest rate, and flexible tenure which allows you to obtain funds for property renovation, higher education, debt consolidation etc.
Loan Against Property Interest Rates in Kannur
Our Loan Against Property in Kannur comes with competitive interest rates. We also maintain complete transparency, ensuring you understand all fees and charges. Check out the details 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 |
|
| 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 Kannur
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Flexible Tenure
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Transparent Processing
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High loan Amount
Flexible Tenure
Poonawalla Fincorp's Loan Against Property offers up to 15 years of flexible tenure for easy and manageable instalment payments.
Transparent Processing
We maintain 100% transparency and share all charges and fees upfront in the documentation, ensuring no hidden fees.
High loan Amount
Opt for our Loan Against Property and avail a sanction large enough to cover your needs. We offer loans ranging between ₹51 Lakh to ₹25 Cr.
We offer a Loan Against Property in Kannur for:
- Self-employed Professionals: Our tailored Loan Against Property supports the diverse financial needs of self-employed professionals to seize new opportunities.
- Salaried Individuals: We have meticulously designed our Loan Against Property to enable individuals with regular income to access funds for various financial needs through a Property Mortgage Loan.
- Firms/Companies: Our Loan Against Property options offer versatile financial solutions tailored to meet the financial needs of businesses and organisations by leveraging their property as an asset.
Purposes of Loan Against Property in Kannur
- Business Growth: Take advantage of our Loan Against Property to support the growth of your existing business.
- Debt Consolidation: Simplify your financial situation by merging multiple high-interest debts into one convenient Loan Against Property.
- Property Improvement: Tap into Loan Against Property to renovate and enhance your residential or commercial property.
Conclusion
Our Loan Against Property (LAP) in Kannur is like a helpful friend for your finances. Kannur is a blend of old and new, and our Loan Against Property fits right in, giving you a clear and easy process with less paperwork. Whether you want to grow your business, pay off debts, or make your property better, our Loan Against Property is here to help with favourable interest rates and options that suit you. At Poonawalla Fincorp, we aim to make your financial goals in Kannur easy to reach. Offering you a Loan Against Property that doesn't penalize you for early payment and offers you funds. Take a step towards a financially stronger future in Kannur with our Loan Against Property.
Poonawalla Fincorp’s Branch Address in Kannur:
Poonawalla Fincorp Limited
Address: 2nd Floor, J.R.Complex, Talap Road, Kannur, Kerala-670004
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
