About Fullerton India Loan Against Property
One of the leading loan providers of India, Fullerton offers a wide range of loan with attractive interest rates. The loan against property offered by Fullerton India is one such loan. This housing finance company gives floating rate of interest ranging from 9.00% - 24.00% per annum with longer tenure period which is up to 15 years and many other benefits as per the borrower’s requirements.
Fullerton India Loan Against Property Details
| Particulars | Details |
|---|---|
| Interest Rate | 9.00% - 24.00% |
| Loan Amount | ₹ 10 Lakhs - ₹ 5 Crores |
| Tenure | Up to 15 years |
| Processing Fees | Up to 3% of the loan amount |
| Repayment Mode | EMIs through PDC or ECS |
| Prepayment Charges | Up to 5% |
| Margin | Up to 70% against the market value of the residential property or up to 60% against the market value of the commercial property |
Features & Benefits
- Longer Tenure period which is up to 15 years
- Interest rates starting from 13% onwards
- Multi-purpose loan facility
- Minimum documentation
- Low processing fees
- Prepayment facility
Eligibility Criteria
For Salaried Individuals:
- Loan application form with a recent photograph
- Identity proof (Passport Copy/ Voter ID card/ Driving License/ PAN Card)
- Address Proof (Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License)
- Age proof (PAN Card, Passport, any other certificate from a statutory authority)
- Last 6 months bank statements or last 3 months salary slip
- Form 16
- Last 3 years Income Tax Returns
- Processing fee cheque
- Property documents
For Self-Employed Individuals:
- Loan application form with a recent photograph
- Identity proof (Passport Copy/ Voter ID card/ Driving License/ PAN Card)
- Address Proof (Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License)
- Age proof (PAN Card, Passport, any other certificate from a statutory authority)
- Business proof
- Last 6 months bank statements
- Last 3 years Profit and loss statement
- Last 3 years Balance sheet
- Last 3 years Income Tax Returns (for self and business) duly certified by a CA
- Processing fee cheque
- Property Documents
How to Apply for Loan Against Property at Fullerton India
You can avail a Loan against Property by submitting the above-mentioned documents as per the eligibility criteria.
Loan Against Property EMI Calculator
With the help of EMI calculator, you can know the monthly instalments on your loan amount as per your rate of interest and tenure period. To know the EMI per month for the floating rate of interest as 13% p.a for the loan amount of ₹ 15,00,000 and the tenure period of 15 years refer to the below-given table.
Table for EMI per month, Total Interest Outgo and Total Amount
Table Showing EMI, Interest Outgo, and Total Repayment Amount EMI, Total Interest Outgo, Total Repayment (Interest + Principal)Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount ₹ 15,00,000 13% 1 ₹ 1,33,976 ₹ 1,07,711 ₹ 16,07,711 ₹ 15,00,000 13% 2 ₹ 71,313 ₹ 2,11,506 ₹ 17,11,506 ₹ 15,00,000 13% 3 ₹ 50,541 ₹ 3,19,473 ₹ 18,19,473 ₹ 15,00,000 13% 4 ₹ 40,241 ₹ 4,31,580 ₹ 19,31,580 ₹ 15,00,000 13% 5 ₹ 34,130 ₹ 5,47,777 ₹ 20,47,777 ₹ 15,00,000 13% 6 ₹ 30,111 ₹ 6,68,003 ₹ 21,68,003 ₹ 15,00,000 13% 7 ₹ 27,288 ₹ 7,92,187 ₹ 22,92,187 ₹ 15,00,000 13% 8 ₹ 25,211 ₹ 9,20,245 ₹ 24,20,245 ₹ 15,00,000 13% 9 ₹ 23,630 ₹ 10,52,081 ₹ 25,52,081 ₹ 15,00,000 13% 10 ₹ 22,397 ₹ 11,87,593 ₹ 26,87,593 ₹ 15,00,000 13% 11 ₹ 21,414 ₹ 13,26,669 ₹ 28,26,669 ₹ 15,00,000 13% 12 ₹ 20,619 ₹ 14,69,191 ₹ 29,69,191 ₹ 15,00,000 13% 13 ₹ 19,968 ₹ 16,15,032 ₹ 31,15,032 ₹ 15,00,000 13% 14 ₹ 19,429 ₹ 17,64,064 ₹ 32,64,064 ₹ 15,00,000 13% 15 ₹ 18,979 ₹ 19,16,154 ₹ 34,16,154 Year Principal Interest Balance Amount 1 ₹ 34,766 ₹ 1,92,977 ₹ 14,65,233 2 ₹ 39,565 ₹ 1,88,178 ₹ 14,25,667 3 ₹ 45,027 ₹ 1,82,717 ₹ 13,80,640 4 ₹ 51,242 ₹ 1,76,501 ₹ 13,29,398 5 ₹ 58,315 ₹ 1,69,428 ₹ 12,71,082 6 ₹ 66,364 ₹ 1,61,379 ₹ 12,04,718 7 ₹ 75,525 ₹ 1,52,218 ₹ 11,29,192 8 ₹ 85,950 ₹ 1,41,793 ₹ 10,43,242 9 ₹ 97,814 ₹ 1,29,929 ₹ 9,45,428 10 ₹ 1,11,315 ₹ 1,16,428 ₹ 8,34,112 11 ₹ 1,26,680 ₹ 1,01,063 ₹ 7,07,432 12 ₹ 1,44,166 ₹ 83,577 ₹ 5,63,265 13 ₹ 1,64,066 ₹ 63,677 ₹ 3,99,198 14 ₹ 1,86,713 ₹ 41,030 ₹ 2,12,485 15 ₹ 2,12,689 ₹ 15,258 ₹ 0
Fullerton India Loan Against Property Interest Rate
The interest rate for the loan against property at Fullerton is variable with starting rate as 9.00% - 24.00% per annum.
Fullerton India Customer Care
For any query details related to the loan, you can call on the toll-free number- 1800 103 6001 between 9.00 A.M to 8.00 P.M (Monday to Saturday).
