Fullerton India Loan Against Property

4.5
Fuller India Credit Company Limited is registered as an NBFC- Investment and Credit Company with the Reserve Bank of India, and a member of SMBC Group. FICC started its India operations in 2007 and is today a leading NBFC with a pan India presence. Working together with over 12,500 employees, we reach our market by connecting with over 2.3 million customers, be it in cities, towns, or villages, right at their doorstep. We penetrate deep inside the market through more than 628 branches, covering 600 towns and approximately 58,000 villages. We operate in the niche sectors and provide financial access to the underserved and unserved segments.

Apply for Loan Against Property(LAP)

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Fullerton India LAP

Interest Rate

24%

Loan Amount

₹50K - ₹12Cr

EMI Per Lakh

₹2,877

Processing Fees

nil

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)

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?

You can take a maximum loan of up to Rs. 5 crores against the property.

Can I get a loan against the plot?

Yes.

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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