Fullerton India Credit Company Limited
Rural Housing Services

Rural Housing Services

Rural households aspiring for a better quality home or wanting to construct a new home are often short of financial resources to fulfill their aspiration. Fullerton India Gramshakti offers loans to individuals for purchase, construction, repairs and renovation of dwelling units. We also offer loans to the self-employed segment where formal income proofs may not be available. The income of such applicants is appraised based on field investigation and surrogate income proof.

We offer Housing Loans to customers in Rural India for amounts ranging from `50,000 to `10 Lakhs with tenor extending till 7 years. The unique selling proposition of Fullerton India's rural housing loans is simplified documentation, door-step service and flexible assessment process.

We also offer Loans against Property to our customers to help them meet their working capital and business expansion needs. The loan amounts range from ` 50,000 to ` 10 Lakhs for a maximum tenor of 5 years.

  • Rural Housing loans offered

  • Loans features

  • Who can apply

  • Purchase of ready property
  • Self-construction of home
  • Home extensions for productive commercial purposes Home renovation
  • `50,000 to `10 Lakhs
  • Tenors up to 7 years
  • Loan to Value of maximum 70% of fair market value for purchase of ready property and up to 80% of construction estimate on self-construction (including cost of land, stamp duty, registration and any one-time acquisition costs)
  • Salaried & Self-employed individuals, agriculture and allied agri-workers
  • Minimum annual gross household income : ` 1,20,000 (` 10,000 per month)
  • Non-professional business persons (including shop-keepers, traders and manufacturers)

*Conditions apply: Loans are at the sole discretion of Fullerton India and are subject to guidelines of the Reserve Bank of India. Fullerton India may engage the services of marketing agents for the purpose of sourcing loan assets in certain locations.

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