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

Get a Loan Against Residential Property With Minimal Paperwork

Dealing with financial emergencies or arranging funds to meet big-ticket expenses requires access to easy credit facilities with favourable terms. This is where you can leverage your residential property to manage your expenses. Unlock your property’s value with a Loan Against Residential Property. Get a loan of up to ₹25 Crore to meet your personal or business expenses with flexible EMIs and minimal paperwork.

Choose a trusted financial lender like Poonawalla Fincorp to get a Loan Against Residential Property with competitive interest rates, no end-usage restrictions and quick approval. Apply now!

Why Choose Poonawalla Fincorp

Higher Loan-to-Value (LTV) Ratio Fair Loan-to-Value (LTV) Ratio
Flexible Repayment Tenure
Zero Hidden Charges Zero Hidden
Charges
Instant Approval Quick
Approval
Online Application Process
Competitive Interest Rates Competitive
Interest Rate

Loan Against Property EMI Calculator

Use our EMI calculator to plan your monthly repayments effortlessly. 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 Loan Against Residential Property

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

  • Age 
  • Citizenship
  • Experience/Vintage
  • Occupation

Click to know more about the eligibility criteria in detail.

Documents Required for Loan Against Residential Property

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

● KYC Documents

● Income Proof

● Property Papers

● Bank Account Statement

● Address Proof

Click to know more about the documentation in detail.

Interest Rate and Charges for Property Mortgage Loan

We offer a mortgage loan at attractive interest rates 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 Loan Against Residential Property

  • Financing higher education
  • Paying for medical emergencies
  • Renovating your home
  • Consolidating high-interest debt
  • Expanding your business

Who Can Get Loan Against Residential Property

● Salaried Individuals

● Self-employed Professionals

● Companies/Firms

Tips for a Successful Loan Against Property Application

● Check the eligibility criteria

● Determine your reasons for availing of the loan

● Borrow only what you need

● Check your credit score

● Arrange the necessary documents

● Avoid multiple loan applications

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 are the prepayment or foreclosure charges for a loan against residential property?

Poonawalla Fincorp permits borrowers to foreclose or prepay a Loan Against Property. However, you must pay a nominal foreclosure/prepayment fee of 5% plus applicable taxes to foreclosure/prepay the loan.  

2. What types of properties can I pledge to avail of a Loan Against Property from Poonawalla Fincorp?

You can apply for our mortgage loan by pledging industrial, residential or commercial properties.

3. What is the minimum work experience for a salaried individual to get a Loan Against Property?

A salaried individual should have a work experience of at least 3 years, with a minimum of 6 months with the current employer, to become eligible for availing of Poonawalla Fincorp's mortgage loan.

*T&C Apply