Fullerton Home Loan
- Interest Rate starting from 8.99%
- Loan Amount up to Rs.5 crores
- Loan Tenure up to 30 years
- Processing Fee up to 3% of loan amount + GST
Fullerton India Home Finance Co. Ltd, alternatively known as Fullerton Grihashakti, offers customers home loans starting at just 8.99% interest rate. Fullerton India home loans cater to the various needs of a customer ranging from funding their home purchase, construction, renovation and even extension of an existing house.
| Fullerton Home Loan Summary | |
|---|---|
| Interest Rate | 8.99% onwards |
| Loan Amount | Up to Rs.5 crores |
| Loan Tenure | Up to 30 years |
| Processing Charges | Up to 3% of the loan amount + GST |
Note : The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.
Fullerton India Home Loan Eligibility
Criteria for different home loan schemes under Fullerton India Home Finance Co. Ltd may vary but below are some common eligibility criteria.
- An Indian Resident
- Salaried or self-employed
- Between 21 and 65 years of age
Fincity makes it easy to find out the home loan amount you are eligible for!
Use the Fincity Eligibility Calculator to access the result immediately.
Fullerton India Home Loan Interest Rates
Fullerton India Home Loan interest rates begin at 8.99% and extend up to 12% per annum. However, the actual interest rate depends on the customer’s risk profile and factors such as their income, loan amount, loan tenure, property type and credit score.
Note :The above rates are subject to change at the discretion of the banks without prior notice.
Fullerton India Home Loan Processing Fees & Charges
Here’s a list of the processing and other fees charged by Fullerton India Home Finance Co. Ltd when you apply for a Home Loan.
| Particulars | Charges |
|---|---|
| Processing Fee/ Charge | Up to 3% of the loan amount |
| Application Fees |
|
| Documentation Fees (Only for disbursed cases) |
|
| Stamp Fees and Charges (if applicable) | Rates applicable according to state laws. In-house stamping service charges are 5% of stamp rate |
| Conversion Fee | Up to or less than 0.5% of the outstanding principal amount |
| Cheque / ECS / DDM/NACH bounce charges | Rs.300 |
| Delayed EMI Payment Interest (per month of delay, every month) | 2% of overdue EMI per month, calculated on a daily basis |
| Swap charges for any repayment modification | Rs.600 per swap instance |
| CERSAI Charges (Non-Refundable) |
|
| Prepayment Charges (in part or full) |
|
| Part disbursal/ per tranche fee | Rs.600 |
| Duplicate Statement of Account/Loan Agreement/NOC | Rs.300 |
| Charges for a copy of original title deeds of Property | Rs.1000 |
| Collection of Cheque/Cash (per collection) | Rs.500 |
Note :The above rates are subject to change at the discretion of the banks without prior notice.
Fullerton Grihashakti Home Loan EMI Calculation
The best way to decide on the right home loan scheme is to do the math (aka know the EMI)! With Fincity’s Home Loan EMI calculator, you can easily compare the approximate loan installment amount for each scheme and then decide on the one you are comfortable with.
Fullerton India Home Loan Documents Required
Below are the documents you will need in order to apply for a Fullerton Grihashakti Home Loan.
| Salaried Individuals | Self Employed Individuals |
|
|
|
|
|
|
|
|
|
|
|
|
Note : Required documents must be self-attested and may slightly differ.
Fullerton India Home Loan Schemes
This scheme is created to help any eligible salaried borrower who wishes to buy a house and needs extra funds for it. This is also an option for people who want to avail of the Balance Transfer facility and move their loan account from their current bank to Fullerton, reducing their interest payout in the process.
As the name clearly suggests, this home loan scheme is meant to fund a borrower’s (salaried or self-employed) home loan construction on an already-owned plot.
This scheme is designed to finance a customer’s home renovation or repair plans.
This home loan scheme (available to both new and existing customers) is perfect for individuals who want to add additional spaces to their current house.
The perfect home loan is no more a cause for stress!
With Fincity at your fingertips, not only do you have access to the lowest-rate loans but also free unbiased assistance by expert loan advisors at every step of the way until loan disbursal. To get started, connect with us at hl@fincity.com.