Property Loan Interest Rate Jul 2021

Mortgaging your property may seem like a hard call but it is actually one of your safest options. With Fullerton India Loan Against Property, get maximum value with affordable interest rates, flexible repayment options and tenures. We ensure the process is simple & seamless for you at every step of the way until you fulfil your needs – personal or professional. No matter what your goal, realising it is within reach with our loan against property solutions.

Interest rates for Loan against property depend on multiple factors. We offer a diverse set of mortgage loan products to meet various needs. It does not matter if you are salaried, self-employed, or a business entity – we have the perfect, tailored solution for everyone.

Loan against property interest rates also depend on the type of property you would like to mortgage, its current market value, available documentation, your income and so on.

The information below can help you estimate your interest rates. You can also connect with us at our nearest branch or on phone, mail or chat.

Please refer to the policy and charges before applying for a loan against property online.

Customer type Rates
Salaried / Self Employed / SMEs 9%-24%  (depending on several factors including net income, employment or business stability, existing monthly obligations, type of LAP product, etc.)

Loan Against Property Fees & Charges

Here's a table of Fees and Charges to help you understand the same in detail. Please note that the below charges will be applicable with effect from 4th November, 2019

Fee Type Applicable Charges
Delayed EMI Payment Interest  24% per annum on outstanding balance which is overdue, calculated on day to day basis
Collection of Cheque/Cash (per collection) NIL
Cheque /ECS/NACH dishonoured Charges (per dishonour of cheque/ECS/NACH per presentation) 300
Swap Charges- for replacement of Post-dated cheques to ECS (per instance) 500
Swap Charges- for replacement of ECS to ECS (per instance) 500
Loan Cancellation charges (loan cancelled before first EMI) 5,000
Processing Fees Up to 3% of the Loan Amount
Rate of interest conversion fee An amount not exceeding 1% of the loan amount sanctioned (SME loans / Loan against Property & LRD)

Knowledge Centre

Here are some articles which could help you understand us and our products better.

Have a Query? Read FAQs
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