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There are some things which the heart aspires to do at least once in a lifetime. Some examples are financing your child’s higher education overseas, organising a grand reception for your child’s wedding, expanding your business, and so on. At other times, you may find that you are feeling overwhelmed by unforeseen and unexpected expenses. We at Fullerton India understand and support all such aspirations and needs. We seek an opportunity to partner with you and help keep your financial worries at bay as we offer you loans against property customized and personalized for every dream, every wish and every need.

Fullerton India’s loan against property is the perfect product for all those dreams involving large funds. You can now leverage and utilize your commercial or residential property to furnish your current and prospective financial needs.

Features and Benefits of Mortgage Loan

At Fullerton India, every customer matters.

You and your requirements are at the center of our focus. We reflect this belief in the customized mortgage loan products we offer to accommodate the distinct needs of our customers.

Loan amount upto INR 12.5 Crores*: We want to make every dream come true, every need fulfilled, and every goal accomplished, regardless of its extent or size. We offer loan against property up to INR 12.5 crores*, so no dream, no wish, no desire of yours may remain unfulfilled.

Repayment-friendly Interest Rates: Our loan against property interest rates range between 9 - 24%. We customise our offers depending on your eligibility to ensure that you get the best possible solution.

Hassle-free Documentation: Bid farewell to long lines, tedious paperwork, and taxing formalities. Now you can apply for a loan against property online at the comfort of your home/office with absolute ease.

Flexible Tenure: We offer flexible repayment tenures between 1 to 15 years so that you can repay your loan easily

High Loan to Value Ratio: Our mortgage loan products offer up to 70% of your property’s market value, which enables you to enjoy and avail the maximum benefit.

How to Apply for a Mortgage Loan?

Our motive is to ensure the smooth process of documentation and verification, to provide you with maximum convenience during the entire process from start to finish.

  1. Visit the loan application page, and select Loan against Property.
  2. Fill the application form online.
  3. A customer care representative will get in touch with you for further information.

After all documents have been submitted, and all the verification processes have been completed, decisioning will take place. Post loan approval; the loan amount will be disbursed directly to your bank account

The list of mortgage loan documents provided on the website is indicative. More mortgage loan documents may be requested depending on the employment type, the type of mortgage loan applied, and Fullerton’s India policies at the time of application.


What is a Mortgage Loan?

A mortgage loan is a secured loan in which the borrower needs to pay some kind of collateral as security against the loan amount. The collateral can generally be in the form of any immovable asset that the borrower owns like a residential home or a commercial building etc.. To know more, please contact us.

What are the processing fees for mortgage loans?

At Fullerton India, the processing fees for mortgage loans are up to 3% of the loan amount.

Who can apply for a loan against property?

We offer a wide variety of products to satisfy the insatiable appetite of a growing India. So, it doesn’t matter whether you’re working in a job, self-employed, or you require a mortgage loan for your business entity. If you have a financial need, we have a loan

The mortgage loan eligibility is classified initially based on the type of employment:

Salaried, Self-Employed, and SME. Further, mortgage loan eligibility is usually determined based on the repayment potential of the borrower. To know more details, please contact us today.

Can I foreclose my Mortgage Loan?

Yes, you can foreclose your mortgage loan. Please note that foreclosure charges may be applied. For more details, please visit our loan fees and changes page.

Can I apply for a mortgage loan to finance other personal or business needs?

The loan amount sanctioned from a mortgaged loan can be invested anywhere as per the borrowers’ need. It can be used for fulfilling personal requirements like paying for the child’s higher education, organising a wedding ceremony, buying a plot etc. It can also be invested in business needs like an upgrade in machinery, buying new tools, expanding a current business or even kicking off a start-up business. Since it is a secured loan, the fund is sanctioned based on the mortgaged asset and the borrower’s repayment capability and not based on where the capital is being invested.

Do you need to provide a collateral or security for Mortgage Loan?

There is a need to provide collateral or security for mortgage loans. It is a secured loan and hence is sanctioned only after the individual pledges a valid immovable asset as collateral against the loan amount. The maximum loan amount approved also depends on the net value of the borrower’s asset that he or she pledges as collateral. The mortgage is used as a security against the loan amount so that the lender can cover for his losses in case the borrower fails to repay the loan or does not adhere to the terms specified.

What are the types of Mortgage Loans in India?

There are six types of mortgage loans available in India as listed below.

  • Simple mortgage loan

The immovable asset is simply mortgaged personally by the borrower to avail the loan. The property may be forfeited if the borrower fails to repay, sticking to the terms.

  • English mortgage loan

Personal accountability is established on the borrower and the mortgaged property can be recovered from the lender on successful repayment of the loan.

  • Conditional sale mortgage loan

The mortgaged property is sold to the lender by the borrower with terms that it will be established if the borrower fails to repay but will turn void on successful repayment of the loan.

  • Title deed deposit mortgage loan

The title deed of the property to be mortgaged is handed over to the lender.

  • Usufructuary mortgage loan

The property’s ownership is transferred to the lender who can get profits from it without generating any personal accountability on the borrower.

  • Anomalous mortgage loan

It is a type that does not fall under any of the above-mentioned categories.

What are the processing fees for mortgage loans?

A processing fee is the fee charged by financial institutions while processing your mortgage loan application which consists of fundamental administrative costs, credit checks, property evaluation and such similar costs incurred by the financial institution. At Fullerton India, we charge a processing fee of upto 3% of the loan amount. For more details, please visit our Loan Against property interest rates page.

Can I foreclose my Mortgage Loan?

Foreclosing mortgage loan or prepayment of the rest of the loan amount before the tenure ends is a viable option that you can opt for. This option can help you to complete your debt obligations sooner. Please note however, that foreclosure charges are applicable in such cases. To know more about Fullerton India’s foreclosure charges, please visit our Loan Charges page.

* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.

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Have a query? You can contact us through any of the channels listed below.

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1800 103 6001 Timings: 9:00 AM to 7:00 PM on all days (except Sundays and public holidays).