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Fullerton India Loan Against Property
Apply for Loan Against Property(LAP)
Fullerton India LAP
Interest Rate
24%
Loan Amount
₹50K - ₹12Cr
EMI Per Lakh
₹2,877
Processing Fees
Pre-Payment Charges
- Within 6 months from the Agreement Date - 5%.
Features and Benefits of Fullerton India Loan Against Property Interest Rates
If you’re planning to apply for Fullerton India Loan Against Property, check below some of its major features and benefits:
- The application of a Loan Against Property in Fullerton India is a convenient and transparent process.
- You get an attractive interest rate starting at 9% p.a.
- FICCL offers a long repayment tenure of up to 15 years.
- The organisation offers Loan Against Property Rs. 5 Crore.
- Fullerton India accepts residential as well as commercial properties as collateral.
- FICCL offers personalised products to match individual needs.
Documents Required for Fullerton India Loan Against Property
Here is the list of documents required for Fullerton India loan against property:
- Duly filled and signed Fullerton Loan Against Property Application form
- Passport Size Photographs
- Identity Proof (Voter ID / Passport Copy / Driving Licence / PAN Card)
- Residence Proof (Ration Card / Electricity Bill / Telephone Bill / Passport Copy / Rental Agreement / Driving Licence / Bank Passbook or Statement)
- Age Proof (Passport / PAN Card / any other certificate from a statutory authority)
- Bank Statements (for the last 6 months) OR Last 6 months salary slips
- Processing Fee Cheque
- Form 16
- Income Tax Returns for the last 3 years
- Documentation about the property offered as collateral
Additional Documents for Self-Employed and SMEs
- For Self Employed: Income statements and other financials for the last 2 years attested by a Chartered Accountant
- For SMEs: Audited financials for the last 2 years
How Does the EMI Calculation Work for Fullerton India’s Loan Against Property?
Fullerton India’s Loan Against Property EMI Calculator helps you know the approximate value of the instalments of the loan that you need to pay monthly for servicing your loan against property. Check below the easy steps that help you determine your EMI amount in seconds:
- First, select the loan amount. You can select up to Rs. 5 Crore.
- The next step is to choose the tenure for the loan. You can select a repayment tenure of up to 15 years for a Loan Against Property.
- Go to the “Rate of Interest” tab to select a rate of up to 24%
You can see the EMI amount on the right-hand side of the screen. And in case you find EMI on the higher side, you can change the tenure and amount to make adjustments to the result.
For instance: If you require a loan against property for Rs. 50 lakh with a 5-year repayment tenure, go to the “Loan Amount” section and set the slider at Rs. 50 Lakh. Now go to the “Loan Tenure” section and choose “5” years. Then, choose the rate of interest in the “Rate of Interest” box. Remember, you can use the EMI calculator as many times as you wish to reach your best option.
How Does Fullerton India Compare with Other Lenders?
You can avail several benefits while applying for a loan against property from Fullerton India. Check below the comparison of Fullerton India Loan Against Property with SBI Loan Against Property and HDFC Loan Against Property:
Bank | Fullerton India | SBI | HDFC |
Interest Rate | 9.00% – 24.00% | 8.45% – 10.00% | 8.00% – 8.95% |
Maximum Loan Amount | Rs. 5 Crore | Rs. 7.5 Crore | Rs. 5 Crore |
Maximum Loan Tenure | 15 Years | 15 Years | 15 Years |
Processing Fee | Up to 3% of the loan amount | 1% of the loan amount plus service tax | 1% of the loan amount |
Eligible Age | 21-60 Years for Salaried and 25-65 Years for Self-Employed | 18-70 Years for Salaried, Non-salaried business people or professionals | 24-60 for Salaried and 24-65 for Self-employed Professionals and Non-Professionals |
Fullerton India Loan Against Property Customer Care Number
- Toll-Free No. – 1800 103 6001
- Timings: 9.00 a.m. to 7.00 p.m. (Monday to Saturday excluding fourth Saturday of every month and public holidays)
Need Loan Assistance?
Connect with Loan Against Property Advisor Now!
Loan Against Property By Banks
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- CITI Bank Loan Against Property
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- State Bank of India Loan Against Property
- Hero FinCorp Loan Against Property
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- Kotak Bank Loan Against Property
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- Muthoot Finance Ltd Loan Against Property
- Shriram Urban Co Operative Bank Limited Loan Against Property
- Godrej Housing Finance Loan Against Property
- Tata Capital Housing Finance Limited Loan Against Property
- Vastu Housing Finance Loan Against Property
- HDFC Sales Loan Against Property
- Capital First Ltd. Loan Against Property
- Home First Finance Company Loan Against Property
- Poonawalla Fincorp Limited Loan Against Property
- Hero Housing Finance Loan Against Property
- Tata Capital Financial Services LTD Loan Against Property
- Clix Capital Loan Against Property
- Aditya Birla Finance Limited Loan Against Property
- Housing Development Finance Corporation Loan Against Property
- L&T Finance Loan Against Property
- HSBC Loan Against Property
- Reliance Capital Loan Against Property
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- InCred Financial Services Loan Against Property
- Piramal Housing Finance Loan Against Property
- Edelweiss Financial Services Loan Against Property
- Aadhar housing Finance Loan Against Property
- DCB Bank Loan Against Property
- Punjab National Bank Housing Finance Loan Against Property
- Capri Global Loan Against Property
- RBL Bank Loan Against Property
- Arka Fincap Limited Loan Against Property
- Cholamandalam Finance Loan Against Property
- Deutsche Bank Loan Against Property
- Emirates NBD Loan Against Property
Fullerton India Quick Links
FAQs
From refinancing to reducing your interest, we have the answers right here.
Is there an application fee for Loan Against Property from Fullerton India?
Yes. You need to pay a processing fee of up to 3% of the loan amount for a loan against property from Fullerton India.
What is the maximum loan amount that I can avail against a property from Fullerton India?
Can I get a loan against the plot?
What is LTV?
The LTV or Loan-to-Value ratio is a measure used to compare the mortgage amount with the value of a property purchased.
What is the maximum loan against the property amount I can get from Fullerton India?
You can get a loan of up to 70% of the residential property’s market value or up to 60% of the commercial property’s market value. We would suggest speaking with a customer care representative to know more details about the maximum loan amount against the property.
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