Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Pondicherry, or Puducherry, is a picturesque seaside town nestled on the southeastern shores of India. Set against the backdrop of its rich French colonial history, Pondicherry beckons with its lively streets, charming French-inspired buildings, and stunning coastlines. It is a melting pot of cultures, evident in its eclectic fusion of flavors, peaceful ashrams, and spiritual havens. From its scenic walkways to iconic landmarks such as Auroville and a relaxed vibe, Pondicherry beckons as a top choice for a tranquil getaway.

If you are seeking financial assistance in Pondicherry, you can consider your options with a loan against property (LAP). Keep reading to discover more about its advantages, eligibility requirements, and other important details to help you apply for a LAP in Pondicherry.

Features And Benefits Of Loan Against Property In Pondicherry

A loan against property offers a great deal of advantages. Here’s how SMFG India Credit can help you benefit from a LAP:

Tailored to Your Needs:

You can avail of advantageous loan terms by choosing any one of our LAP products and customize them according to your specific requirements and financial profile.

Simplified Paperwork:

No need to carry the bulk of documents to an offline location. Simply provide digital copies of the required documents, which will be verified swiftly.

Generous Loan Limits:

You can borrow up to 70% of your property's market value (up to INR 5 crores*) for various financial purposes.

Competitive Interest Rates:

Our rates of interest are competitive along with different repayment options to ensure stress-free EMIs.

Maximise Property Value:

Leverage the full worth of your properties to fulfil your financial needs.

Eligibility Criteria For Loan Against Property In Pondicherry

The following eligibility criteria must be fulfilled to qualify for a loan against property in Pondicherry:






21 - 60 years

25 - 65 years.

At least 2 years old.

Nature of work

Employees engaged in private companies, MNCs, or the public sector

Self-employed individual with a reliable source of income


Indian residents

Indian residents

Indian SME

CIBIL score

A CIBIL score of 700+ is advantageous.

A CIBIL score of 700+ is advantageous.

Steady source of profits over the past two years, audited by a CA.

Documents Required To Apply For A Loan Against Property In Pondicherry

The table below outlines the different documents essential while applying for an LAP. Remember to have both the original and copies of these documents:




IT returns for the last 2 years

IT returns for the last 2 years

KYC documents

KYC documents

KYC documents

Form 16

Form 16

Form 16

Bank statements for the last 6 months and income statements

Bank statements for the last 6 months and salary slips

Bank statements for the last 6 months

ITR for the last two years with a summary of audited income.

Records related to the property that was put up for collateral

Records related to the property that was put up for collateral

Records related to the property that was put up for collateral

Our document page explains these requirements in more detail. Feel free to refer to them at your leisure.

Interest Rates On Loan Against Property in Pondicherry

A variety of factors play a part in determining interest rates. These typically include the LAP type, your income, employment status, and current financial obligations. Our summary outlines the base interest rate and associated charges:



Loan Amount

Up to INR 5 crore*

Loan Tenure

Up to 180 months*

Lowest EMI Per Month

It starts at INR 5,071 for a 180-month period

Cheque Dishonoured Charges

INR 300

Proceeding Fees

Up to 3% of the Loan Amount

Customer Type

Salaried / Self-Employed / SMEs

Late Payment Charges

2% plus GST charged monthly (24% per annum) on the overdue amount calculated on day-to-day basis.

How To Apply For A Loan Against Property In Pondicherry?

Use this step-by-step approach and simplify your loan against the property application process:

Step 1: Start by using our loan against property EMI calculator to gauge the monthly EMIs according to your financial profile.

Step 2: Press "Apply Now" on the official website.

Step 3: Choose the "Loan Against Property" option and select your employment status.

Step 4: Add your contact details, after which you will receive an OTP. Verify the OTP received and complete the online form.

Step 5: Add your personal details. Click on “Next.”

Step 6: Share the details pertaining to your employment status.

Step 7: Next, the form will ask you to provide your banking information. Remember to ensure accuracy.

Step 8: Make a note of the prescribed format of the requisite documents (PDF/JPEG/PNG/DOC). Upload accordingly.

Step 9: Click "Submit.”

Step 10: A customer care executive will contact you after receiving your details and help you proceed with the pending formalities.

Step 11: Your documents will be reviewed, after which the loan will be disbursed to your designated bank account in no time.

However, these steps are general guidelines. The formalities may vary depending on the loan type, employment status, property valuation, etc.


Financial expenses can crop up for a number of reasons. We at SMFG India Credit are here to help you streamline the loan against-property process in the most seamless way possible. Our 100% paperless application process makes it easy for you to estimate your eligibility, calculate the EMI, prepare the right documentation, and discuss loan terms that suit your financial capacity. Whether salaried, self-employed, or an SME owner, you can reach out to us to empower your plans with SMFG India Credit’s property-backed loans.

Apply for Loan Against Property

* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.


How is my loan against property in Pondicherry eligibility calculated?

Several factors are considered while deciding your eligibility for a Loan Against Property. These include:

  • Employment and income stability.
  • LAP product type.
  • History of credit behaviour, debts, and outstanding payments.
  • Property value.
  • Location.

What are the advantages of applying for an online loan against property in Pondicherry?

We understand that applying for a LAP in Pondicherry may seem complicated. However, doing so online can simplify any associated hassles. Here’s how:

  • User-friendly application features
  • Loan up to 70% of property value.
  • Time-saving process flow.
  • Accessible any time.
  • Paperless application format.
  • Expedited approval process.
  • Flexible repayment terms.
  • Transparent dealings.
  • Assured confidentiality.
  • Secure transaction protocols.
  • Responsive customer support system.

How to get a lower interest rate on my loan against property in Pondicherry?

To maximise your chances of securing lower interest rates on your loan against property, aim for the following:

  • Keep your CIBIL score above 700.
  • Ensure reliable credit behaviour at all times.
  • Make payments on time to avoid any negative impact on your credit score.
  • Try to maintain a low loan-to-value ratio.
  • Choose the LAP product that is comfortable and reduces the stress on your finances.

    Contact Us


    Ground Floor, 47, S.V. Patel Salai, Pondicherry - 605 001

    Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:30 AM to 6:30 PM (except 1st Saturday and Sundays and public holidays).

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