Indore, a Tier-II city, is the largest city in Madhya Pradesh. Indore is a hot favourite among students and educators as the city boasts of being the only city of India to have both, Indian Institute of Technology (IIT) and Indian Institute of Management (IIM). Apart from education, Indore has witnessed major development in various sectors like research, finance, commerce, technology, fashion, and entertainment. This has heightened the economic progress here, further giving a boost to real estate. It is noteworthy that Indore is the most expensive real estate location across entire Central India.
If you own a commercial or residential property in Indore, you can avail a Loan Against Property in Indore. As a type of secured loan, a Loan against property (LAP) can be a collateral-free financing solution to help one maintain stability in the long run. To obtain a Mortgage loan in Indore, you need to mortgage an asset with your lender. This asset can be a constructed house, an owned land, or a commercial premise. You may opt for a LAP loan in Indore to meet a variety of unforeseen or planned financial requirements. These may be sudden cash requirements for a child’s wedding or their higher education. If you can manage to pay your EMIs on time, you can go for a Loan Against Property as it will give you a higher loan amount and would not have any end-use restrictions.
Your search for the most affordable Loan Against Property interest rate in Indore ends with Poonawalla Housing. Poonawalla Housing is one of India’s leading and most trusted names in the financial corporation’s segment. With a wide network of over 250 branches across the country, Poonawalla Housing provides affordable and easy LAP loans to customers.
Let us have a detailed look at the product features of Loan Against Property offered by Poonawalla Housing and understand the benefits it offers you:
Higher loan to value:
We offer you the best loan to value (LTV) against your commercial and residential property through our Loan Against Property plan. Derive maximum benefit on your property by getting the most competitive value on it, along with the customised features we offer to our customers.
Faster loan processing:
We understand that you might need funds quickly. Therefore, we customise the loans as per the needs of our customers and simplify the loan process so that you can get hassle free loans whenever you need them.
To make the process faster, the Loan Against Property documents required with us are minimum.
Service at your doorstep:
Our trained and well-informed executives are ready to provide you doorstep service for your convenience. Alternatively, you can also apply online for Loan Against Property at our website.
Transparency in processing:
We make sure that you are not surprised with any hidden charges or fees at the time of loan processing and all the applicable charges are informed to you upfront.
Depending on your need and the eligibility criteria, you can avail of a loan starting Rs.5 lakh and can go up to Rs.25 lakh, depending on your eligibility.
Applicable Foreclosure charges:
Up to 0% foreclosure charges and applicable taxes would be charged on principal outstanding amounts.
Simply meet the basic Loan Against Property eligibility criteria and take the benefit of our Loan Against Property and Loan for Commercial Property Purchase.
With Poonawalla Housing, a sudden financial crunch is not stressful anymore. Use our Loan Against Property calculator, available on our website to assess how much value you can get on your commercial or residential property.
Fill in your basic details on the online form.
Submit your KYC, Income documents, Bank account with a copy of property documents statements.
Application will process for a quick verification and assessment of your documents.
Get the loan approval in a hassle-free and quick process.
That’s it! Your Loan Against Property gets instantly disbursed.