Here are a few factors

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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
01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Right Documents - Easy Process

Required Documents to Apply for Poonawala Loan against Property

Salaried income documents

  • KYC of applicant & Co-Applicant
  • Last 3 Month Salary Slip of Applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Appointment letter of applicant if available
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented
  • 2 Reference with contact details

Self Employed person documents

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
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
For Co-Applicant
  • 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
2. If LAP is applied with Government Bank then 30 year chain is required
3. If applicant is professional, then his professional degree is required
Leave Your Question

FREQUENTLY ASKED QUESTIONS

 The rate of interest on a loan secured by Poonawalla Fincorp property starts at 9% annually.

The interest rate that Poonawalla Fincorp LAP offers applicants varies according to the person applying for it.

The applicant's credibility is generally assessed by Poonawalla Fincorp based on their CIBIL score.

The maximum and minimum amounts from this NBFC are determined by the value of the secured collateral.

 Poonawalla Fincorp charges a processing fee that is up to 1% of the loan sum.