Fullerton India Loan Against Property

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 13% to 15% 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

ParticularsDetails
Interest Rate13.00% - 24.00%
Loan Amount₹ 10 Lakhs - ₹ 5 Crores
TenureUp to 15 years
Processing FeesUp to 3% of the loan amount
Repayment Mode

EMIs through PDC or ECS
Prepayment Charges

Up to 5%
MarginUp 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
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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

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 15,00,00013%1₹ 1,33,976₹ 1,07,711₹ 16,07,711
₹ 15,00,00013%2₹ 71,313₹ 2,11,506₹ 17,11,506
₹ 15,00,00013%3₹ 50,541₹ 3,19,473₹ 18,19,473
₹ 15,00,00013%4₹ 40,241₹ 4,31,580₹ 19,31,580
₹ 15,00,00013%5₹ 34,130₹ 5,47,777₹ 20,47,777
₹ 15,00,00013%6₹ 30,111₹ 6,68,003₹ 21,68,003
₹ 15,00,00013%7₹ 27,288₹ 7,92,187₹ 22,92,187
₹ 15,00,00013%8₹ 25,211₹ 9,20,245₹ 24,20,245
₹ 15,00,00013%9₹ 23,630₹ 10,52,081₹ 25,52,081
₹ 15,00,00013%10₹ 22,397₹ 11,87,593₹ 26,87,593
₹ 15,00,00013%11₹ 21,414₹ 13,26,669₹ 28,26,669
₹ 15,00,00013%12₹ 20,619₹ 14,69,191₹ 29,69,191
₹ 15,00,00013%13₹ 19,968₹ 16,15,032₹ 31,15,032
₹ 15,00,00013%14₹ 19,429₹ 17,64,064₹ 32,64,064
₹ 15,00,00013%15₹ 18,979₹ 19,16,154₹ 34,16,154

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

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YearPrincipalInterestBalance 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 13% up to 15% p.a .

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).

Personal Loan Interest Rates October 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank11.50% - 14.50%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates October 2018
State Bank of India/SBI8.70% - 9.25%
HDFC8.80% - 9.60%
Bank of Baroda8.55% - 9.55%
LIC Housing8.70% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank8.85% - 9.10%
Axis Bank8.80% - 9.05%
Citibank8.90% - 9.65%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 10.00%
EMI Calculator