Apply for a Loan Against Property in Meghalaya with Minimal Documentation
The beautiful and mermerising state of Meghalaya attracts a large number of tourists and has immense growth potential. Whether you want to expand your business, pursue higher studies, or consolidate debt, Loan Against Property in Meghalaya is a quick financial solution for you.
By opting for a Loan Against Property from Poonawalla Fincorp, you can get up to ₹5 Crore at competitive interest rates, and flexible repayment tenure. So, apply now to quickly access funds with fast approvals and fulfil all your aspirations.
Loan Against Property Interest Rates in Meghalaya
The applicable interest rates and other associated charges are:
| Loan Against Property Interest Rates | 9% p.a. onwards |
| Loan Amount | From ₹51 Lakh to ₹5 Crore |
| Loan Processing Fees | Up to 1% plus applicable taxes |
| Lowest EMI per month | 1044* Per Lakh for 180 months |
| Maximum Tenure | 3-15 years (12 years for Industrial/Warehouse) |
| Foreclosure/Prepayment Charges | 0%* If paid from own sources & 4%* If paid from other sources |
| Late Payment Charges | 3% per month |
| Cheque Bounce Charges | ₹1000 per bounce plus applicable taxes |
| IMD Charges - Initial application fee | ₹10,000 - Non-refundable |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
*There are no hidden or extra charges other than the ones mentioned in the table above.
Online EMI Calculator for a Loan Against Property in Meghalaya
Before applying for the Loan Against Property in Meghalaya, use our EMI calculator to estimate your EMIs to plan your repayment. Enter the loan amount, tenure and interest rate. The calculator will display the result instatly.
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EMI Amount = *
Features and Benefits of Loan Against Property in Meghalaya
The following are the features and benefits associated with our Loan Against Property:
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High Loan Amount
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Competitive Interest Rates
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Flexible Tenure
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Minimal Documentation
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Hassle-free Online Application
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No Hidden Charges
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Zero Foreclosure Charges
- High Loan Amount: Get high loan amount loan of up to ₹5 Crore.
- Competitive Interest Rates: Secure funds at competitive interest rates starting just at 9%*p.a.
- Flexible Tenure: Choose a flexible repayment tenure of up to 180 months.
- Minimal Documentation: Submit only a few essential documents to apply for LAP.
- Hassle-free Online Application: Apply online anytime and anywhere from the comfort of your home.
- No Hidden Charges: All applicable charges will be effectively communicated beforehand.
- Zero Foreclosure Charges: Foreclose your loan without any or foreclosure prepayment charges.
Various Types of Loans Against Property in Meghalaya
With Poonawalla Fincorp, you can opt for one of the different categories of property mortgage loan in Meghalaya. Choose any of the following properties depending on your financial requirements:
- Loan Against Residential Property: You can opt for a loan against residential property by pledging your apartment, home, duplex, flat, penthouse, bungalow, villa, farmhouse, or any other residential property under your name.
- Loan Against Commercial Property: Commercial property may include hospitals, office spaces, malls, warehouses, hotels, housing buildings, assembly plants, shopping centres, industrial facilities, etc
- Loan Against Industrial Property: You can pledge industrial property like flex spaces, manufacturing units, warehouses, showrooms, cold storage units, etc
- Loan Against Property Balance Transfer: As part of the Loan Against Property Balance Transfer process, you can transfer the outstanding balance to us, to avail of better loan terms and conditions.
