Loans Against Property from Fullerton India

Fullerton India Advantage 

  • More than 10 product offerings to choose from – Benefit from customised programs to suit your needs.
  • Balance Transfer Facility + Additional Finance – Benefit from a higher loan amount at reduced interest rates
  • One of the highest loans against the value of property (LTV) – Benefit from higher loan amounts on your property.
  • Presence in 31 locations across the country and growing – Benefit from the experience of dealing with a large organisation with nationwide presence when it comes to sensitive handling of property papers, record keeping, etc.
  • Avail of loans ranging from ` 500,000 to ` 3.5Crores – Benefit from a wide range of loan amount sizes depending on the financial need that you may have.
  • Loan Amount of up to INR 5 Crores also offered in selected cities.

Documents required for Fullerton India Business Loan

Salaried Employees

  • Application form with photograph
  • Identity and residence proof
  • Latest salary-slip
  • Form 16
  • Financials
  • Processing fee cheque
  • Title Documents of the property, Approved Plan for the property.

Self Employed Professionals

  • Application form with photograph
  • Identity and residence proof
  • Education Qualifications Certificate and proof of business existence
  • Income Tax Returns of the last 3 years (self and business)
  • Profit & Loss and Balance Sheet of the last 3 years Bank statements of the last 6 months
  • Processing fee cheque

 

Self Employed Businessman 

  • Application form with photograph
  • Identity and residence proof
  • Education Qualifications Certificate and proof of business existence
  • Not applicable 
  • Income Tax Returns of the last 3 years (self and business)
  • Profit & Loss and Balance Sheet of the last 3 years Bank statements of the last 6 months (self and business)
  • Processing fee cheque

FAQs of Fullerton India Business Loan

  • 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.
  • 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 a Fullerton India Relationship Manager to understand the same.
  • What is the tenor of the Loan? 
    The loan can be for a maximum tenor 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. However prepayment is not permitted within 12 months from loan disbursal date.

Fullerton India helps micro and small enterprises grow and capitalize on business opportunities in an expanding economy.

Fullerton India launched commercial operations in January 2007. We have since established ourselves firmly in the country's financial landscape, with a network of over 400 branches across the country, serving over a million customers.

Our services include financing of small and medium enterprises for working capital and growth, loans for commercial vehicles and two-wheelers, home improvement loans, loans against property, personal loans, working capital loans for urban self-employed and loans for rural livelihood advancement, rural housing finance and financing of various rural micro enterprises.

With nearly 7000 employees, we reach to the market through more than 400 branches across over 600 towns and cities and over 35000 villages providing financial solutions to over a million customers at their doorstep.

Fullerton India Credit Company Limited is a wholly owned subsidiary of Fullerton Financial Holdings Pte. Ltd., which in turn is a wholly owned subsidiary of Temasek Holdings Pte. Ltd., Singapore. Fullerton Financial Holdings invests in financial institutions in emerging markets with a focus on Business and Consumer banking.

Loan Against property lets you unlock the full potential of your property, and use it to build a bigger life for yourself. Whether your property is residential, industrial or commercial, a loan against property will ensure maximum finance, taking care of your unique needs as either a salaried or self-employed individual. At My Loan Partner, we help to unlock the wealth in our client's real estate assets.

Your loan application is now a very simple process as never before and we will get your loan approved asap.

We have multiple options of financial institutions to provide various types of financial services to our esteemed customers at their doorsteps at competitive rates.

We are thus providing a list of documents which are required from your side to get your loan approved from the respective banks and financial institutions.

List of documents for Salaried persons
. Proof of Identity:- Passport/Driving Licence/Voters ID/PAN Card(any one).
. Proof of Residence:- Leave and License Agreement/Utility Bill(not more than 3 months old)/Passport(any one).
. Latest 3 months Bank Statement(where salary/income is credited).
. Salary slips for last 3 months.
. 2 Passport Size Photographs.

List of documents for Self-Employed
. KYC Documents:- Proof of Identity;Address proof;DOB proof.
. Proof of Residence:- Leave and License Agreement/Utility Bill(not more than 3 months old)/Passport(any one).
. Income proof(audited financials for the last two years).
. Latest 6 months Bank statement.
. Office address proof.
. Proof of residence or office ownership.
. Proof of continuity of business.

Interested? Please leave your details and we will contact you soon