Fullerton India Home Loan

Fullerton India
4.5

Fullerton India Home loan products are worth considering for customers wishing to buy a new home or modify their current one. Customers can evaluate their eligibility for a Fullerton India home loan online for free without affecting their credit score. Customers can finish their applications more easily because the bank requires limited documentation. Fullerton India provides various home loan solutions to match customers' demands, with flexible repayment options and affordable interest rates.

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Fullerton India

Fullerton India Home Loan

  • Interest Rate

    9.5% - 10.5%

  • Loan Amount

    Up to ₹5Cr

  • EMI Per Lakh

    ₹2,100 - ₹2,149

  • Processing Fees

    6.00%
  • Pre-Payment Charges

    Pre-closure fee = 3% - 7% of principal outstanding (plus applicable tax)

Features & Benefits of Fullerton India Home Loan

Found your perfect home but are low on funds? The Non-Banking Financial Company, Fullerton India, aids a home buyer by providing a loan of up to INR 5 crores with a convenient repayment tenure of up to 30 years. The Fullerton India home loan is offered under the scheme name ‘Fullerton Grihashakti’ at an interest rate of 9.50% onwards, with working women receiving concessional rates.

The features and benefits of the Fullerton India housing loan are given below:

  • The loan amount is between INR 5 lakhs and INR 5 crores, up to 90% of the property
  • The interest rates for home loans start at 9.5% per year.
  • Duration of repayment is maximum at 30 years 
  • The processing fee is minimal 
  • Loans for a variety of purposes, including the purchase of a new or used home or building lot, construction, home remodelling projects, and home additions, are provided
  • Both paid employees, and independent contractors can apply for loans.
  • Subsidy for PMAY Home Loans for Eligible Clients
  • Effortless documentation procedure

Fullerton India Home Loan Fees and Charges

When you apply for a Fullerton India home loan, the following fees and charges are incurred by the bank:

  • Processing fee of up to 3% of the home loan amount.
  • Documentation fee ranges between INR 1500-3000 and depends upon the amount of loan
  • Application fee ranges between INR 2500-6000 and depends upon the amount of loan
  • A charge of INR 500 will be incurred on each set of duplicate document
  • There are no foreclosure charges on floating rate of interest 
  • A percentage of 5% - 7% is charged as foreclosure charges on a fixed rate of interest

Documents Required for Fullerton India Home Loan

The documents required for the Fullerton India home loan are given below:

Identity Proof

PAN card Driving License
Voter’s ID Card Employee Card in the case of salaried employees

Income Proof

Past  6 months bank statements Financial report audited by CA
Form 16 of 2 years Past two years of ITR
Salary slips of last 3 months

Residence Proof

Aadhaar card Ration card
Recent utility bills like electricity bill or water bill Property tax

How does the EMI calculation work for Fullerton India Home Loan?

If you figure out your EMIs before even applying for a loan, your task can become easier and less complicated in the long run. Utilise the Urban Money home loan EMI calculator to determine the optimal loan term, interest rate, and loan amount. However, you may figure out the EMIs manually using the formula below:

EMI = (P × r × (1+r)^n)/((1+r)^n-1)

Here,

  • "P" stands for the principal amount,
  • "r" for the interest rate
  • "n" for the length of the loan

FAQs

From refinancing to reducing your interest, we have the answers right here.

Does Fullerton India Provide Home Loans at the best rate?

Fullerton India provides home loans beginning from a 9.50% interest rate.

What is the interest rate of a Home Loan in Fullerton India?

The interest rate of home loans in Fullerton India begins from 9.50% p.a.

What are the benefits Fullerton India Provides on Home Loan?

The benefits Fullerton India provided on home loans are the convenience of applying for the loan online, availability of a home loan calculator, flexibility in repayment tenure, and competitive interest rates.

Does Fullerton India have a fixed rate of interest on a home loan?

Fullerton India offers both fixed and floating rate of interest on a home loan. The rate of interest starts from 9.50% p.a.

How to check Housing Loan Status in Fullerton India?

To check your housing loan status in Fullerton India, you can contact customer care at (+91) 18001036001.

Does Fullerton India check for CIBIL Score for Home Loan?

Yes, Fullerton India checks for CIBIL score for a home loan.

What is the maximum and minimum housing loan amount I can get from Fullerton India?

You can get the maximum housing loan amount from Fullerton India, which is INR 5 lakhs and INR 5 crores respectively.

What are the KYC documents I must submit to apply for a home loan from Fullerton, India?

The KYC documents must be submitted to apply for a home loan from Fullerton India. The documents are identity proof, income proof and residence proof.

Will I be charged a penalty for not paying my EMI on the Fullerton India housing loan?

Any delay in the payment of EMI will result in a penalty of an increased rate of interest of 2% per month on the total payable amount.

What is the processing fee on the Fullerton India home loan?

A processing fee of up to 3% of the amount of the home loan is charged by Fullerton India.

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