Fullerton India is a new emerging Bank and Home Loans Organization that allows Home Loans at attractive rates for various individuals and specially females. The criteria for home loans is easy. You need to have all required documents and it’s done. The easy repayment and flexible return of the loans terms is available at a click.
Home Loans and benefits to Working Women
Women are now making hand-in-hand with men for working, and Fullerton India Bank is doing a good job while offering loans to those women, who are working since Fullerton India offers concessional interest rate to working female applicants. Talking about home loans, that allows an individual to buy his own home while taking a home loan from a preferred bank. Fullerton India allows an individual to take home loans at no prepayment charges.
Fullerton India Home Loan at a glance
| Annual Interest Rate | 8.50% – 19.99% |
| Loan Term | Up to 30 Years |
| Loan Amount | Rs. 1 Lac – Rs. 5 Crores |
| Time of Funding | |
| Pre-Payment Charges | Zero to 7% |
Why Choose Fullerton India?
Fullerton India offers zero prepayment charges to individual borrowers, if home loan is availed at floating rate of interest. An individual borrower also doesn’t need to any prepayment charges if home loan is availed at fixed rates but prepayment is being made through borrower’s own funds.
What to watch out for?
Fullerton Bank requires a Guarantor or a co-applicant is mandatory to be provided in order to avail home loan from Fullerton India, if the customer do not have a guarantor then Bank provides solutions to the customer with certain documentation the guarantor condition can be avoided.
High Interest Rate – Interest rate ranging as high as up to 18% per annum for individual borrowers and maximum 19.99% per annum for non-individual borrowers.
Compare Fullerton India Home Loans to Other Banks
| Bank Name | Fullerton India | Aavas Finance | Indusind Bank |
| Typical Annual Interest Rate | 8.50% – 19.99% | 10% – 19% | 9.65% – 17% |
| Loan Term | Up to 30 Years | 1 Year – 30 Years | Up to 30 years |
| Maximum Lending Amount | Rs. 5 Crores | Up to Rs. 25 Lacs and Above | Rs. 10 Crores |
| Processing Fee | Up to 3% of the loan amount | 2% of the loan amount | 2% of the loan amountMin Rs. 5,000 |
| Time to Funding | |||
| Pre-Closure | Zero to 7% | Zero to 5% | Zero to 5% of the principal outstanding |
Am I Eligible?
- A Salaried applicant can be a permanent government employee, employee of an MNC or Private Limited Company as well as employee in a partnership and proprietorship firm or private organisations.
- Self-Employed applicant can be a self-employed individual running a self-owned business, sole proprietor, self-employed professional or a partner in partnership firm.
- Age of the a salaried applicant should be at least 21 years at the time of loan application and maximum 60 years at the time of loan maturity, subject to full repayment of loan by the retirement age.
- Age of the a self-employed applicant should be at least 21 years at the time of loan application and maximum 65 years at the time of loan maturity.
- Applicant should have a minimum gross income of Rs. 10,000 per month.
Loan Offerings
Fullerton India Home Loan (For New & Resale Home)
- Home loans for purchasing a newly built or resale house/flat. Home loans are the best way to purchase a house/flat that offers you the facilities that an individual should have.
- Interest rate starting from 8.50% per annum and ranging up to 18% per annum for individual borrowers. Interest rates can vary according to the requirement.
- Interest rate starting from 8.99% per annum and ranging up to 19.99% per annum for non-individual borrowers. Non-individual borrowers means a group of two or more individuals.
- Avail funds from min Rs. 1 Lac to as high as Rs. 5 Crores, subject to maximum 80% of estimated cost in case of construction and upto 70% of market value in case of purchase a new or resale house/flat.
Documents required for Salaried:
- Employee Card
- Last 3 months’ salary slip
- Form 16 for Last 2 years
- Last 6 months’ bank account statement showing salary being credited.
- KYC Documents
Documents required for Self-Employed:
- KYC Documents
- Business Existence Proof
- Last 2 years ITR
- Computation of Balance Sheet audited by a certified CA.
- Last 6 months’ primary bank account statement.
Fullerton India Home Improvement Loan (Renovation)
- Interest rate starting from 8.50% per annum and ranging up to 18% per annum for individual borrowers.
- Interest rate starting from 8.99% per annum and ranging up to 19.99% per annum for non-individual borrowers.
Documents required for Salaried:
- Employee Card
- Last 3 months’ salary slip
- Form 16 for Last 2 years
- Last 6 months’ bank account statement showing salary being credited.
- KYC Documents
Documents required for Self-Employed:
- KYC Documents
- Business Existence Proof
- Last 2 years ITR
- Computation of Balance Sheet audited by a certified CA.
- Last 6 months’ primary bank account statement.
Fullerton India Home Construction Loan
- Interest rate starting from 8.50% per annum and ranging up to 18% per annum for individual borrowers.
- Interest rate starting from 8.99% per annum and ranging up to 19.99% per annum for non-individual borrowers.
Documents required for Salaried:
- Employee Card
- Last 3 months’ salary slip
- Form 16 for Last 2 years
- Last 6 months’ bank account statement showing salary being credited.
- KYC Documents
Documents required for Self-Employed:
- KYC Documents
- Business Existence Proof
- Last 2 years ITR
- Computation of Balance Sheet audited by a certified CA.
- Last 6 months’ primary bank account statement.
Fullerton India Home Extension Loan
- Interest rate starting from 8.50% per annum and ranging up to 18% per annum for individual borrowers.
- Interest rate starting from 8.99% per annum and ranging up to 19.99% per annum for non-individual borrowers.
Documents required for Salaried:
- Employee Card
- Last 3 months’ salary slip
- Form 16 for Last 2 years
- Last 6 months’ bank account statement showing salary being credited.
- KYC Documents
Documents required for Self-Employed:
- KYC Documents
- Business Existence Proof
- Last 2 years ITR
- Computation of Balance Sheet audited by a certified CA.
- Last 6 months’ primary bank account statement.
Fullerton India Home Loan Balance Transfer
- Transfer existing home loan from other banks/FIs to fullerton india.
- Interest rate starting from 8.50% per annum and ranging up to 18% per annum for individual borrowers.
- Interest rate starting from 8.99% per annum and ranging up to 19.99% per annum for non-individual borrowers.
Fullerton India Grihalakshmi Loan (for Working Women)
- Interest rate starting from 8.50% per annum and ranging up to 18% per annum for individual borrowers.
- Interest rate starting from 8.99% per annum and ranging up to 19.99% per annum for non-individual borrowers.
Documents required for Salaried:
- Employee Card
- Last 3 months’ salary slip
- Form 16 for Last 2 years
- Last 6 months’ bank account statement showing salary being credited.
- KYC Documents
Documents required for Self-Employed:
- KYC Documents
- Business Existence Proof
- Last 2 years ITR
- Computation of Balance Sheet audited by a certified CA.
- Last 6 months’ primary bank account statement.
Fullerton India Home Loan Rate of Interest
| Home Loan Type | Applicable Interest Rate |
| Fullerton India Home Loan | 8.50% – 19.99% per annum |
| Fullerton India Home Improvement Loan | 8.50% – 19.99% per annum |
| Fullerton India Home Construction Loan | 8.50% – 19.99% per annum |
| Fullerton India Home Extension Loan | 8.50% – 19.99% per annum |
| Fullerton India Home Loan Balance Transfer | 8.50% – 19.99% per annum |
| Fullerton India Grihalakshmi Loan | 8.50% – 19.99% per annum |
How to Apply for Fullerton India Home Loan?
At Paisa
At Fullerton India Branch
After I Apply?
Through Customer Care
- Dial 9594763763 from your registered phone number.
Once I’m Approved?
Fees & Penalties
| Type of Charges | Applicable Charges |
| Processing Charges | Up to 3% of the loan amount |
| Foreclosure ChargesAllowed after first 6 EMIs | For Floating Rate Home Loans:NILFor Individual Borrowers 7% of the prepaid loan amountIf foreclosure made within 12 months of disbursal to Non-Individual Borrowers 5% of the prepaid loan amountIf foreclosure made after 12 months of disbursal Non-Individual Borrowers. For Semi-Fixed Rate Home Loans:7% of the prepaid loan amountFor Fixed period of the tenure for Individual and Non-Individual Borrowers NILAfter completion of fixed rate period of the tenure for Individual 5% of the prepaid loan amountAfter completion of fixed rate period of the tenure for Non-Individuals For Fixed Rate Home Loans:NILFor Individual Borrowers making foreclosure from own funds. 7% of the prepaid loan amountIf foreclosure made within 60 months of disbursal to Non-Individual Borrowers 5% of the prepaid loan amountIf foreclosure made after 60 months of disbursal Non-Individual Borrowers. |
| Part-payment Charges | For Floating Rate Home Loans:NILFor Individual Borrowers 7% of the prepaid loan amountIf foreclosure made within 12 months of disbursal to Non-Individual Borrowers 5% of the prepaid loan amountIf foreclosure made after 12 months of disbursal Non-Individual Borrowers. For Semi-Fixed Rate Home Loans:7% of the prepaid loan amountFor Fixed period of the tenure for Individual and Non-Individual Borrowers NILAfter completion of fixed rate period of the tenure for Individual 5% of the prepaid loan amountAfter completion of fixed rate period of the tenure for Non-Individuals For Fixed Rate Home Loans:NILFor Individual Borrowers making foreclosure from own funds. 7% of the prepaid loan amountIf foreclosure made within 60 months of disbursal to Non-Individual Borrowers 5% of the prepaid loan amountIf foreclosure made after 60 months of disbursal Non-Individual Borrowers. |
| Loan Application Charges | Rs. 2500For Loan amount of upto Rs. 10 Lacs. Rs. 3500For Loan amount of above Rs. 10 Lacs to upto Rs. 25 Lacs. Rs. 4500For Loan amount of above Rs. 25 Lacs to upto Rs. 50 Lacs. Rs. 6000For Loan amount of above Rs. 50 Lacs. |
| EMI Bounce Charges | Rs. 500 per instance |
| Interest Swap Charges | Up to 0.5% of the principal outstanding amount |
| Payment Instrument Swap Charges | Rs. 500 per swap |
| Documentation ChargesOnly if amount has been disbursed | Rs. 1500For Loan amount of upto Rs. 25 Lacs. Rs. 3000For Loan amount of above Rs. 25 Lacs. |
| Partial Disbursal Charges | Rs. 600 for each trench |
| Loan Account Statement | Rs. 300 |
| Duplicate NOC | Rs. 300 |
| Charges for Copy of Original Title Property Documents | Rs. 1000 |
FAQs
Fullerton India Customer Care?
Phone: 1800-102-1003
Email: namaste@fullertonindia.com
Postal Address: P.O. Box No. 8108 Bandra East, Mumbai – 400051