Get a Loan Against Property in Salem with No Hidden Charges!
Salem, a city nestled in the heart of Tamil Nadu, is known for its rich history, thriving textile industry, and stunning natural landscapes. As an emerging industrial and commercial centre, Salem witnesses a constant surge in business activities and economic growth. This growth has fuelled a demand for flexible financial solutions like Loan Against Property to support various aspirations of the residents and businesses in the area.
Poonawalla Fincorp’s Loan Against Property in Salem leverages the value of property to fund various needs, be it for covering overseas educational expenses or renovating a property. Whether you’re a salaried individual, a self-employed professional, or a business owner, our Loan Against Property is designed to cater to your specific financial needs and assist you in achieving your goals. Experience the simplicity and effectiveness of Loan Against Property in Salem and take confident strides towards a secure financial future.
Loan Against Property Interest Rates in Salem
Get attractive interest rates with our Loan Against Property in Salem that start from 9.5% per annum. Read 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 Salem
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Flexible Repayment Tenure
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Attractive Interest Rates
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Multi-Purpose Financial Support
Flexible Repayment Tenure
Experience flexibility in choosing repayment durations that stretch up to 15 years, tailored to your financial convenience.
Attractive Interest Rates
Take advantage of competitive interest rates that guarantee affordable EMIs.
Multi-Purpose Financial Support
Harness the potential of Loan Against Property for various purposes, including business expansion, home renovations, educational funding, or covering medical expenses.
We offer Loan Against Property in Salem for:
- Self-employed Professionals: You can leverage your property to secure funding for personal or business requirements through our Loan Against Property.
- Firms/Companies: Fulfil various business needs by utilising your property as collateral to support the expansion and development of your company.
- Salaried Individuals: Salaried employees can avail of funds by utilising the value of their assets with a Property Mortgage Loan.
Purpose of Loan Against Property in Salem
- Debt Consolidation: Combine several high-interest debts into a single Loan Against Property, alleviating financial pressure.
- Manage Medical Expenses: Secure resources to address unforeseen medical expenses and emergencies without burdening your finances.
- Enhance Infrastructure: Utilise Loan Against Property for the improvement and renovation of your business facilities or residence.
Conclusion
With Poonawalla Fincorp’s Loan Against Property in Salem, you can use your property's value to expand your business, pay medical bills, or focus on property renovations. Whether you are a salaried employee, self-employed, or run a business, our Loan Against Property is designed for you to achieve your financial goals without any hassle.
Poonawalla Fincorp’s Branch Address in Salem:
Poonawalla Fincorp Limited
Address: No 258/2,2/91, 2nd Floor, Sri Vaari Shopping Mall, New Bus Stand Main Road, Meyyanur, Salem,Tamil Nadu-636004
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
