Property Loan Interest Rate July 2020

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.

Interest rates for Loan against property depend on several factors. First and foremost, it depends on the type of loan product you’re applying for. We offer a diverse set of mortgage loan products to suit the needs of our clientele. It does not 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. Please note that the below charges will be applicable with effect from 4th November, 2019

Fee Type Applicable Charges
Delayed EMI Payment Interest ( per month of delay, every month) 2% of the overdue EMI per month calculated on a daily basis
Collection of Cheque/Cash (per collection) 300
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)
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