Financing the future of
your children

School Fee Funding

Being a parent, you would like to provide the best education facilities to your children. In today’s scenario, even getting admission in a playschool will cost you approximately 30,000 - 1 lakh a year. On the other hand, primary and secondary education in a private school can cost approximately Rs 75,000 and Rs 5 lakh a year respectively.

Paying such a hefty amount in a single transaction can create a financial crisis but at the same time, you would not want to compromise on your child’s education too. Now, with Fullerton India Personal Loan for School Fee Funding you can conveniently pay your child’s school fees over 24 months. Get instant money on the same day of the loan application to complete the study requirements of that of your children.

Features and Benefits

Hassle-free

It comes with easy terms and quick processing

Easy Payment

You can conveniently pay your child’s school fees over 24 months

Direct Deposit

The money will be deposited in your bank account

Flexible Tenure

The minimum and maximum loan tenure is 3 months and 24 months respectively

Attractive Interest Rate

Fullerton India offers this loan at a lowest Interest Rate of 10.99%

Get a loan for funding your child’s School Fees

in minutes!

Apply now

EMI Calculator

Documentation

%
Years

EMI

25,375

Total (Principal+Interest) 45,64,200

Dear Applicant, do keep the digital copy* of following documents handy to avail full benefits of your online loan for funding your child’s school fees application. You would be required to upload these documents later for completing your loan application. (* only .jpg, .jpeg, .pdf formats allowed)

Salaried

  • Application form with a recent photograph
  • Proof of Identity (Passport Copy/ Voter ID card/ Driving License/ PAN Card)
  • Address Proof (Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License)
  • Age proof (PAN Card, Passport, any other certificate from a statutory authority)
  • Bank Statements (Bank statement / Bank Passbook for last 6 months)
  • Profit and loss statement for last 3 years
  • Balance sheet for last 3 years
  • Income Tax Returns for last 3 years (for self and business) duly certified by a CA
  • Relevant collateral documents
  • Processing fee cheque

How To Apply

1

Fill up your
form online

2

Check your eligibility
in a minute

3

Upload documents
for Verification

4

Post verification, loan will be approved and disbursed in your account

FAQs

What is the maximum loan I can get against my property?

You can get a Loan against Property up to a maximum of 70%* of the market value of your property for Residential Premises and up to a maximum of 60%* of the market value of your property for Commercial Premises. * Conditions apply

For what purpose can I avail a Loan against Property?

You can avail a Loan against Property for any personal or for business purposes provided the end use is not for any speculative or prohibitive reasons.

When will the repayment of the loan commence

Repayment will commence in the month subsequent to the month in which the loan has been disbursed

How can I repay my loan?

The repayment of loan is done through Equated Monthly Instalments (EMI). It can be paid through CTS compliant Post Dated Cheques (PDC) or through Electronic Clearance System (ECS).

What security will I have to provide?

The security for the loan will be the first mortgage of the property to be financed, normally by way of deposit of Title Deeds and/ or such other collateral security, as may be necessary. 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.

How will my loan eligibility be calculated?

Loan eligibility is usually calculated basis the repayment capacity of the borrower. Repayment capacity can be ascertained based on factors such as income, age, qualifications, spouse's income, etc. We recommend you to speak to your nearest Fullerton India Relationship Manager to understand the same.

How will the loan be disbursed

The loan would be disbursed directly to your operating bank account

What is the tenure of the Loan?

The loan can be for a maximum tenure of 15 Years or up to a maximum age of 65 at maturity of the loan.

When will the loan get disbursed into my account?

The loan is disbursed into your account post approval, compliance of the Loan Agreement and Legal formalities and after the property that is being mortgaged has been technically and legally appraised.

Can I repay my loan earlier than the due date?

Yes, you can repay your loan at any time during the loan tenure.


* 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 the purpose of sourcing loan assets in certain locations.

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