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Poonawala Loan against Property
Poonawala Loan against Property
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Poonawala Loan against Property
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Poonawala Loan against PropertyHere are a few factors
| Location | 100Km from Branch |
| CIBIL Score | 700+ |
| Applicant | Any Salaried & Self Employed |
| Applicant Age | (i) Salaried: 22 year to 60 Year (ii) Self Employed: 22 Year to 70 Year |
| Loan Amount & Tenure | 50
Lac- 25 Cr. ( 3 Year to 15 Year) |
| Login Fees | Nil |
| Rate of Interest & Type | 9%-10% (Reducing) |
| TAT | 5 days |
| Processing Fees | 1% |
| Foreclosure Charges | Upto 4% |
| Insurance | As per Age |
| Minimum Business Vintage | 3 Year |
| Lock In Period | 12 month |
| Part Payment Allowed | No |
| LTV | (i)
Residential-80% (ii) Commercial-70% (iii) Industrial-65% (iv) if residential is rented or vacant then LTV will be 5% lower |
| Product | (i) Fresh Loan (ii) BT+Topup |
| Program | (i)
Banking Program-5 Cr (ii) Income Program-25 Cr (iii) Gross Margin Program-15 Cr (iv)Low LTV-1 Cr (40% of Property value) (v) RTR Program-3 Cr |
| FOIR | (i)
Salaried:<50k-50%,50K-1 Lac-60%, >1 lac-70% (ii) Self Employed-100% of Cash Profit or 75% of Gross Profit |
| Cautious Profile | Real Estate, Builders |
| Negative Profile | (i) Politian (ii) GYM (iii) Share Traders (iv) NBFC (v) Police (vi) Liquor Seller (vii)DSA |
| Funded Property | (i) Residential Property (ii) Commercial Property (iii) Industrial Property |
| Negative Property | (i) School (ii) Hospital (iii) Hotel (iv) Plot (iv) Lease hold Property without PTM (iv)Stand Alone Basement (v) Auction Property (vi) Demolition List Property (vii) Lal Dora Property (viii) sub-divided property (ix) Khasra & Khatauni Property (x) Subject to Sale Deed Property (xi) GPA Property (xii) Gift Deed Property (xiii) Single Sale Deed Property (xiv) Banquet Hall (xv)Without MAP Property (xvi) Unapproved Freehold Property (xvii) Unapproved 3rd Floor & above (xviii) Legal & Technical not clear (xix) Stone Slab Property (xx) Farm House |
| Accepted Collateral | Other than Negative Property-Only Approved Property |
| Specific Property wise Funding Limit | NA |
| Any Specific Product for Professionals | (i)
MBBS Doctors-Having COP>5 year-90% FOIR & 4X of Gross Receipt (ii) Chartered Accountant -Having COP>10 year-90% FOIR & 4X of Gross Receipt |
| USP | (i) No Financial Required upto 1 Cr (ii) Zero Login Fees |
| Additional | (i)
Commercial Purchase & Industrial Purchase not doing (ii) Hospital & Scholl will be funded if in Individual name (iii) Multi Tenanted Unit will be funded upto 5 Tanent (iv) Demolition List property is fundable if name in demolition list before 2015 (v) Regularized Colony doing |
Poonawala Loan against Property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 9 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,745 |
| Total Interest | ₹ 4,942 |
| Loan Amount + Interest | ₹ 104,942 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,165 | ₹ 2,070 | ₹ 26,235 | ₹ 75,835 | 24.16 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,832 | ₹ 2,873 | ₹ 78,705 | ₹ 3 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Work Process
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Required Documents to Apply for Poonawala Loan against Property
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
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