- Personal Loan Personal Loan
- Business Loans
- Loan Against Property
- Vehicle Loans
- Home Loans
- More Loans
- About Us
- Contact Us
- Investor Relations
- Customer Communication
- Quick Links
- Pay EMI
- Customer Login
Your property can be a blessing in ways more than one. For one, it can be utilised financially as a means to attain financial assistance, especially through a loan. The loan against property is an ideal credit instrument that will assist you in utilising and leveraging your property to its full potential. Whether you want to furnish your business financially, sponsor your child’s education or marriage or even use finances for any other personal requirements, Fullerton India’s loan against property will offer you the ideal financial solution to make your dreams come true.
Fullerton India offers the ideal loans against property through a convenient loan application process. Our scope of loans against property includes both residential property and commercial property loan, along with the best loan against property interest rates and a flexible repayment tenure. We reassure you that you will enjoy nothing but the best customer care that ensures a sensitive handling of your property documents and loan disbursal.
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