What is the Fullerton Home Loan Interest Rate?

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What is the Fullerton Home Loan Interest Rate?

Poonam

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Mandeep Singh · Answer 1 · 2023-03-29T15:04:40+00:00

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.

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Fullerton 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)