Loan Against Property Interest Rates
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 make it the most comfortable for you every step of the way until you fulfil your needs – be it personal or professional. No matter what your dream is, realising it isn't so far away with our loan against property solutions.
Loan against property interest rates depend on several factors. First and foremost, it depends on the type of product you apply for. We have several kinds of mortgage loans specially designed to suit the needs of our diverse clients from different walks of life. It doesn't matter if you are on a job, self-employed, or a business entity – we have the perfect 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 credit history.
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,
| Fee Type |
Applicable Charges |
| Delayed EMI Payment Interest ( per month of delay, every month) |
As stated under additional interest charge** |
| Collection of Cheque/Cash (per collection) |
300 |
| Cheque /ECS/NACH dishonoured Charges (per dishonour of cheque/ECS/NACH per presentation) |
30 |
| 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) |
1000 |
| Processing Fees |
Up to 2% of the Loan Amount |
| *Additional Interest (applicable for payment defaults): |
Rate |
| For loans below `5 Cr |
An amount not exceeding zero point seven (0.7) per cent per annum |
| For loans exceeding `5 Cr |
An amount not exceeding zero point five (0.5) per cent per annum |
| On the Principal amounts outstanding under the Loan payable from the relevant due date until the date of actual payment / rectification of default. |
| **Additional Interest (applicable for payment defaults) |
An amount not exceeding zero point five(0.5) per cent per annum on the Principal amounts outstanding under the Loan payable from the relevant due date until the date of actual payment / rectification of default. |
| Rate of interest conversion fee |
An amount not exceeding one per cent (1%) of the loan amount sanctioned ( Loan Against Property/LRD) |