The Fullerton home loan interest rate is usually between 8.99% and 12% per year, but it can vary based on the borrower’s credit score, loan tenure, loan amount, salary and other factors. It is thus better that you visit their official website or their bank’s branch. Also do note that Fullerton is now known as SMFG India Home Finance Co. Ltd.
What is the Fullerton India Home Loan Interest Rate?
As I said, the Fullerton India home loan rate of interest is between 8.99% and 12% per year, but it varies based on the borrower’s
Credit score
History
Repayment capacity
Value of property
Income
Nature of employment
Loan tenure and other factors
As for eligibility, here are the requirements that an applicant needs to fulfil
For salaried:
Multinational companies/listed public ltd companies/govt.
Organisations private Ltd companies., closely held or unlisted companies, partnerships, or proprietorship firms
For Self-employed
Self-employed individual businessmen/sole proprietorship
Self-employed professionals: doctors, architects, CAs etc
Partnership firms
Private limited companies/closely held/unlisted companies
So I hope these details answer your query about the Fullerton Home Loan Interest Rate and its eligibility.
Get Your Home Loan Approved on Priority without any Hassle via NoBrokerRead More:
Can You Negotiate home loan interest Rates?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Given the high cost of real estate, many people still dream of owning a home. Yet with the right financing alternatives, we can make our dream house a reality. All we need is the ideal lending partner who can easily finance our home purchase. In that regard, I decided to rely on Fullerton India Home Finance Company Private Limited (Grihashakti) to assist me with a suitable home loan that is well-supported by flexible repayment options. I will tell you all about what is the Fullerton home loan interest rate.
Want to check loan eligibility from the comfort of your home? Check out NoBroker Home Loan servicesFullerton India home loan rate of interest
The Mumbai-based company has launched 20 branches across 7 states—Rajasthan, Maharashtra, Karnataka, Gujarat, West Bengal, and Tamil Nadu—since receiving the housing financing licence from National Housing Bank, an apex bank, in December 2015. Read the details below to learn more about Grihashakti's home loan programmes.
Fullerton India Home Loan Highlights 2023
Interest rates |
9.50% p.a. onwards |
Loan amount |
Up to 90% of the property value |
Repayment tenure |
Up to 30 years |
Processing fee |
Up to 3% of the loan amount |
Fullerton Home Loan Interest Rates
Particulars |
Interest Rates (p.a.) |
Salaried |
9.50% onwards |
Self-employed |
10.50% onwards |
The level of income and the asset being presented as security will determine the ultimate interest rates offered to the applicant for a house loan.
Fees and Charges for a House Loan in Fullerton
Processing charge
A processing fee of up to 3% of the house loan amount is levied by Fullerton India.
Application fee
For a loan amount less than or equal to Rs 10 Lakh |
Rs 2,500 |
For loan amount more than Rs 10 Lakh and less than or equal to Rs 25 Lakh |
Rs 3,500 |
For loan amount more than Rs 25 Lakh and less than or equal to Rs 50 Lakh |
Rs 4,500 |
For loan amount more than Rs 50 Lakh |
Rs 6,500 |
Foreclosure/Prepayment charges
Individual borrowers on Floating rate (Home should be in the individual's name, and the purpose of the loan should be to acquire, build, or purchase a plot plus build, extend, improve, or renovate a home) |
NIL |
Non-individual borrowers on Floating rate (home should be on the non-individual name) |
NIL |
Fixed rate (own funds) |
0-12 months: 7% of the amount prepaid More than 12 months: 5% of the amount prepaid |
This is what is the Fullerton home loan interest rate.
Read More: What is the Interest Rate of Magma Fincorp Home Loan? What is the lowest home loan interest rate in India How to Reduce Home Loan Interest Rate in ICICI Bank? What is the Home Loan Interest Rate in Jana Small Finance Bank?Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
What is the Fullerton Home Loan Interest Rate?
Poonam
155 Views
2 Answers
1 Year
2023-03-29T14:43:28+00:00 2023-03-29T14:47:20+00:00Comment
Share