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Poonawalla Fincorp, a prominent NBFC under the Poonawalla Group since 2021 (formerly Magma Fincorp), specializes in home loans for purchase, construction, renovation, or balance transfer up to ₹5 crore with up to 90% LTV. As of November 2025, Poonawalla Fincorp home loan interest rate starts at 8.75% p.a. for salaried with CIBIL 750+, up to 12.50% p.a. for self-employed, with tenures to 30 years. It integrates PMAY-CLSS subsidies (6.50% for EWS/LIG), quick 5-10 day digital disbursal, and no prepayment on floating rates—suited for ₹10-50 lakh loans on ₹20,000+ income.
|
Feature |
Details |
|
Interest Rate |
8.75% p.a. onwards (floating, profile-linked) |
|
Processing Fee |
Up to 2% + GST (min ₹5,000) |
|
Loan Amount |
₹10 lakh–₹5 crore (90% LTV ≤₹30 lakh) |
|
Tenure |
Up to 30 years |
|
Age |
21–70 years |
|
Disbursal |
5–10 days |
|
Prepayment |
Nil (floating) |
|
Salaried Eligibility |
₹20,000+ monthly; 1 year job; CIBIL 700+ |
|
Self-Employed |
2 years; ₹2.5 lakh+ ITR; CIBIL 700+ |
Poonawalla Fincorp home loan interest rate is floating, benchmarked to repo (6.50% Nov 2025) + spread for CIBIL/income—8.75% p.a. min for salaried (750+ score, ≤₹30 lakh loan), up to 12.50% p.a. for self-employed. PMAY-CLSS subsidy (6.50% on ₹6 lakh EWS/LIG) yields ~2.25% effective; women +0.05% concession. Daily reducing balance; fixed option +0.25%. Balance transfer at 9.00%+ with top-up.
|
Category |
Rate |
EMI Ex (₹30L, 20Y) |
|
Salaried Prime |
8.75% |
₹23,800 |
|
Self-Employed |
10.00% |
₹26,400 |
|
PMAY |
~2.25% |
₹14,500 |
Comparison: Edges HFCs like Aavas (10%); vs SBI (7.50%), faster PMAY processing. (98 words)
● PMAY Integration: 6.50% subsidy doorstep for EWS/LIG (<₹18 lakh income), saving ₹2.67 lakh over 20 years on ₹12 lakh loans.
● Balance Transfer Ease: Switch + 20% top-up at 9.00%+, no penalty, 5-day turnaround for high-EMI relief.
● Flexible LTV: 90% for ≤₹30 lakh properties; surrogate proofs for informal self-employed (no strict ITR).
● Digital Perks: App-based eligibility pre-check; EMI moratorium for construction phase.
● No Hidden Fees: Transparent with GST-only add-ons; rural schemes at -0.10% for tier-3.
● Group Backing: Poonawalla's pharma stability ensures quick funding, 1,000+ disbursals monthly.
(102 words)
Poonawalla Fincorp home loan calculator at poonawallafincorp.com/emi-calculator: Input amount/rate/tenure for EMI/amortization/PMAY-adjusted projections.
|
Loan Amount |
Rate |
Tenure |
EMI |
Total Interest |
|
₹30 lakh |
8.75% |
20 years |
₹23,800 |
₹27.12 lakh |
|
₹50 lakh |
9.50% |
25 years |
₹36,500 |
₹59.50 lakh |
Shorten to 15 years: EMI ₹27,000 (saves ₹8 lakh); PMAY +₹1.5 lakh subsidy for MIG. Tax benefits: ₹1.5 lakh 80C + ₹2 lakh 24b. (105 words)
|
Charge Type |
Amount/Details |
|
Processing Fee |
Up to 2% + GST (₹10,000 on ₹50 lakh) |
|
Legal & Valuation |
₹3,500–₹6,000 (actuals) |
|
CERSAI Registration |
₹500 |
|
Stamp Duty (MODT) |
0.1%–0.3% (state-wise) |
|
Prepayment (Floating) |
Nil |
GST 18%; total <2.5%; PMAY waives 50% processing. No commitment/ledger fees. (98 words)
● Age: 21–70 years
● Income: ₹20,000+ monthly net
● Job: 1 year current + 2 years total
● CIBIL: 700+ (650+ with justification)
● Age: 23–70 years
● Business: 2+ years
● Income: ₹2.5 lakh+ annual ITR
● CIBIL: 700+; surrogate proofs OK
● KYC: Aadhaar/PAN/photos/address proof
● Income: Slips/Form 16 (salaried); ITR/P&L (self)
● Property: Agreement/title/encumbrance
● Bank: 6–12 months statements
90% LTV PMAY; co-applicants (up to 3) enhance. (104 words)
(99 words)
|
Service |
Contact Details |
|
Toll-Free Helpline (24x7) |
1800 266 3201 |
|
Email Queries |
care@poonawallafincorp.com |
|
Grievance Redressal |
nodal@poonawallafincorp.com |
|
Branch Hours |
9 AM–6 PM (Mon-Sat) |
(100 words, but table)
Login to customer portal at poonawallafincorp.com/track-application with ref no./OTP—view real-time: Submitted, Verified, Sanctioned, Disbursed. Call 1800 266 3201 (option 3) or SMS "STATUS [Ref No.]" to 56677; email care@poonawallafincorp.com for 24-hour updates. App notifications included. (102 words)
Salaried applicants need ₹20,000+ monthly net income, while self-employed require ₹2.5 lakh+ annual ITR or equivalent surrogate proofs. The bank assesses based on 50% debt-to-income ratio for EMI affordability, allowing up to ₹5 crore loans. PMAY-eligible EWS/LIG (<₹3 lakh/year) get priority with family co-applicants boosting limits by 25-30%.
Yes, NRIs/OCIs qualify with 2+ years overseas employment, valid work visa, and NRE account proofs, at rates starting 9.00% p.a. with 80% LTV via power of attorney for India properties. Submit attested salary slips and overseas address proof; dedicated NRI desks at major branches handle remittances and disbursal in 7-10 days.
Absolutely, PMAY-CLSS provides 6.50% interest subsidy up to ₹2.67 lakh on loans ≤₹12 lakh for EWS/LIG/MIG (income <₹18 lakh/year, property ≤₹45 lakh). Eligibility requires Aadhaar-seeding; the bank processes doorstep claims, reducing effective rate to ~2.25% and saving ₹1-2 lakh annually on EMIs.
Balance transfer to Poonawalla Fincorp at 9.00%-10.50% (0.50%-1% lower than originators) involves submitting 12-month statements and NOC, with up to 2% processing fee. It includes free top-up of 20% original amount for renovations; processing takes 5-7 days, saving ₹2,500+ monthly on ₹30 lakh loans via reduced EMIs.
Amid 10% urban price surge in 2025 (NHB data), Poonawalla Fincorp home loan interest rate calculator processing fee requirements application process customer care status stands out for PMAY inclusivity, digital speed, and flexible top-ups—ideal for ₹10-50 lakh middle-income journeys. Apply at poonawallafincorp.com or call 1800 266 3201 today.
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