Fullerton Loan Against Property Interest Rates 2016

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 21% per annum with longer tenure period and many other benefits as per the borrower's requirements.

Fullerton Loan Against Property Details

ParticularsDetails
Interest Rate13% to 21% p.a.
Loan AmountRs. 10,00,000 - 5,00,00,000
Tenure15 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
  • 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

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% to 21% p.a for the loan amount of Rs. 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

Amount (in Rs.) Interest Rate (p.a.)Loan Tenure (in years)EMI (in Rs.)Total Interest Outgo (in Rs.)Total Amount (Principal + Interest) (in Rs.)
15,00,00013%-21%11,33,976 - 1,39,6711,07,711 - 1,76,04816,07,711 - 16,76,048
15,00,00013%-21%271,313 - 77,0782,11,506 - 3,49,88317,11,506 - 18,49,883
15,00,00013%-21%350,541 - 56,5133,19,473 - 5,34,45418,19,473 - 20,34,454
15,00,00013%-21%440,241 - 46,4494,31,580 - 7,29,53019,31,580 - 22,29,530
15,00,00013%-21%534,130 - 40,5805,47,777 - 9,34,80220,47,777 - 24,34,802
15,00,00013%-21%630,111 - 36,8046,68,003 - 11,49,88821,68,003 - 26,49,888
15,00,00013%-21%727,288 - 34,2187,92,187 - 13,74,34122,92,187 - 28,74,341
15,00,00013%-21%825,211 - 32,3729,20,245 - 16,07,66524,20,245 - 31,07,665
15,00,00013%-21%923,630 - 31,01210,52,081 - 18,49,32925,52,081 - 33,49,329
15,00,00013%-21%1022,397 - 29,99011,87,593 - 20,98,77026,87,593 - 35,98,770
15,00,00013%-21%1121,414 - 29,20813,26,669 - 23,55,41628,26,669 - 38,55,416
15,00,00013%-21%1220,619 - 28,60214,69,191 - 26,18,69029,69,191 - 41,18,690
15,00,00013%-21%1319,968 - 28,12816,15,032 - 28,88,02231,15,032 - 43,88,022
15,00,00013%-21%1419,429 - 27,75517,64,064 - 31,62,85432,64,064 - 46,62,854
15,00,00013%-21%1518,979 - 27,45919,16,154 - 34,42,65334,16,154 - 49,42,653
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Amortization Table

YearPrincipal (in Rs.)Interest (in Rs.)Balance Amount (in Rs.)  
134,771 - 15,9901,92,977 - 3,13,51814,65,229 - 14,84,010
239,570 - 19,6891,88,178 - 3,09,81914,25,659 - 14,64,321
345,031 - 24,2441,82,717 - 3,05,26413,80,628 - 14,40,077
451,248 - 29,8561,76,500 - 2,99,65213,29,380 - 14,10,221
558,322 - 36,7681,69,426 - 2,92,74012,71,058 - 13,73,453
666,374 - 45,2761,61,374 - 2,84,23212,04,684 - 13,28,177
775,533 - 55,7561,52,215 - 2,73,75211,29,151 - 12,72,421
885,963 - 68,6601,41,785 - 2,60,84810,43,188 - 12,03,761
997,827 - 84,5521,29,921 - 2,44,9569,45,361 - 11,19,209
101,11,329 - 1,04,1191,16,419 - 2,25,3898,34,032 - 10,15,090
111,26,697 - 1,28,2161,01,051 - 2,01,2927,07,335 - 8,86,874
121,44,187 - 1,57,89183,561 - 1,71,6175,63,148 - 7,28,983
131,64,087 - 1,94,43363,661 - 1,35,0753,99,061 - 5,34,550
141,86,736 - 2,39,43241,012 - 90,0762,12,325 - 2,95,118
152,12,526 - 2,95,59515,236 - 34,660

Fullerton Loan Against Property Interest Rate

The interest rate for the loan against property at Fullerton is variable with starting rate as 13% up to 21% 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).