Innovative solutions are demanded of all engineers, but you need steady cash flow to make it all happen. You need funds to invest in upgrading to cutting-edge technology, increasing production capacity, updating machinery and equipment, purchase, construction, renovation - the list goes on.
To meet such dynamic financial requirements, you need a substantial fund. Our Loan Against Property for Engineers is the single answer for all your needs. Our simple and transparent lending processes along with quick disbursals help address all your professional requirements on time.
Market value ratio
Market value of up to 70%* of the market value for residential and up to 60%* for commercial premises.
Flexible tenure
Flexible repayment timelines up to 15 years* or until the age of 65 years*.
Working Professional
Our loan against property solutions are available for salaried and self-employed individuals
Easy processing
Hassle-free documentation and fast loan disbursals
Online processing
Check out your eligibility and apply online today to know more
*Terms and Conditions Apply
You can get an amount of up to 70 percent* of the market value of the residential property or 60 percent* of the market value of the commercial premises. It is recommended that you speak with a customer service representative to know more about the maximum loan amount that you can avail against your mortgaged property.
You can avail of a loan against property for any personal or business purposes including funding a dream wedding, expanding business premises, paying for medical emergencies, and more. The end use of the mortgage loan product should not be for any speculative or prohibitive activities.
The repayment period will commence in the month subsequent to the month in which the loan was disbursed. To know more about our flexible loan offerings, speak to a customer representative online or at the nearest Fullerton India branch today.
You will need to repay the loan in Equated Monthly Instalments (EMI). The amount can be paid through CTS compliant Post Dated Cheques (PDC) or the Electronic Clearance System (ECS). For more information on EMIs and loan repayment options, get in touch with our in-house team.
Deeds and/ or such other collateral security. The title to the property has to be clear, marketable, and free from encumbrance. In other words, there should not be any existing mortgage, loan, or litigation, which is likely to affect the title to the property adversely.
The security for the loan will be the first mortgage of the property to be financed - generally by way of deposit of Title Deeds and/ or such other collateral security. The title to the property has to be clear, marketable, and free from encumbrance. In other words, there should not be any existing mortgage, loan, or litigation, which is likely to affect the title to the property adversely.
The loan amount will be disbursed directly to your operating bank account - post approval from the company. The approval process includes a verification procedure for the loan agreement and other legal formalities. The loan amount is disbursed after the property has been technically and legally appraised.
The LAP can be availed for a maximum tenure of 15 years. You can take up the loan until a maximum age of 65 years (at the maturity of the loan). You can repay your loan amount at any time during the tenure.
Note: 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 sourcing loan assets in certain locations.
The loan against property eligibility is usually calculated on the basis of the repayment capacity of the borrower. The repayment capacity will be ascertained based on factors such as your income, age, qualifications, spouse's income, and others. It is recommended that you speak with a customer service representative via phone and email or at the nearest branch to know more.
* Terms and conditions apply
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