Explore Your Options
Fullerton Loan against property (small vertical)
Fullerton Loan against property (small vertical)
Powered By
_img.webp)
Fullerton Loan against property (small vertical)
Apply Now
Fullerton Loan against property (small vertical)Here are a few factors
| Location | 80Km from Branch |
| CIBIL Score | 600+ & Minus 1 CIBIL Score |
| Applicant | Any Salaried or Self Employed Person |
| Applicant Age | Salaried-25 Year to 65 Year, Self Employed-25 Year to 70 Year |
| Loan Amount & Tenure | 10
Lac to 75 Lac (5 Year to 15 Year) |
| Login Fees | 3540+ |
| Rate of Interest & Type | (i) Salaried:11% to 15% (ii)Self Employed: 12.50% to 16.50% (Reducing) |
| TAT | Sanction-10 Days, Disbursement-within 3 days after submission of documents |
| Processing Fees | Upto 1.50%+GST |
| Foreclosure Charges | Upto 4% |
| Insurance | 1%-4% |
| Minimum Business Vintage | 1 Year |
| Lock In Period | 12 Month |
| Part Payment Allowed | No |
| LTV | (i)
Residential-75% (ii) Commercial-70% (iii) Industrial-50% (iv) if residential property is rented/vacant then LTV will be 10% lower (v) If Commercial Property Purchase/vacant/rented then LTV will be 10% lower(vi) Authority Plot-50% |
| Product | (i) Fresh Loan (ii) BT+Topup (iii) Commercial & Industrial Purchase (iv) Seller BT (v) Auction Purchase |
| Program | (i)
Income Program-75 Lac (ii) LIP Program- 75lac (iii) Without ITR-30 Lac (iv) Banking Product-75 Lac |
| FOIR | (i) Salaried: Salary<50K-50% of Net Salary,If Salary>50-60% of Salary (ii) Self Employed: 80% of Income |
| Cautious Profile | (i) Advocate-Max 30 Lac |
| Negative Profile | (i) Politician (ii) NRI |
| Funded Property | (i)
Residential Property (ii) Commercial Property (iii) Industrial Property (iv)
Khasra-Khatauni Property (v) Lal Dora Property (vi)Un-approved Property (vi)Gram Panchayat Property (vii) Legal & technical not clear (viii) Sub-divided Property (ix)Without MAP Property (x)Subject to Sale Deed (xi) Regularized Colony (xii) Stone Slab Property (xiii) Basement with 1st Floor (xiv) Multi Unit without MAP (xv) Approved Plot |
| Negative Property | (i)
GPA Property (ii) Stand Alone Basement (iii) Demolition List Property (iv)
Bachha Flat (v) Property in dominated area (vi) Hotel & Restaurent (vii) School (viii) Hospital & Nursing Home |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | (i) Lal Dora-50 Lac (ii) Extended Lal Dora-50 Lac (iii) Stone Slab-50 Lac(iv) Farm House-50 Lac |
| Any Specific Product for Professionals | No Specific Product |
| USP | (i) Funding to applicant whose EMI is regularly bounce but repaid within 20 days (ii) Without ITR funding upto 30 Lac |
| Additional | (i)
Multi Tenanted Unit will be funded upto 25 Tanent (ii) DOD product & LRD Product not doing (iii) Demolition List Property doing if name is before 2015 |
Fullerton Loan against property (small vertical) EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 11 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,838 |
| Total Interest | ₹ 6,058 |
| Loan Amount + Interest | ₹ 106,058 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,982 | ₹ 2,532 | ₹ 26,514 | ₹ 76,018 | 23.98 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,015 | ₹ 3,527 | ₹ 79,542 | ₹ 3 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Fullerton Loan against property (small vertical)
Salaried income documents
-
KYC of applicant & Co-Applicant
-
Last 3 Month Salary Slip of Applicant
-
Last 12 month Bank Statement of applicant & co-applicant
-
Last 3 year ITR with computation of income of applicant & co-applicant
-
Last 2 Year Form 16 of applicant
-
26AS of last 2 year of applicant & co-applicant
-
Appointment letter of applicant if available
-
Agreement to Sale if purchase case
-
Property Paper with complete chain of last 13 years
-
LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
-
Sanction letter of all running loan
-
Latest utility Bill if owned residence or rent agreement if rented
-
2 Reference with contact details
Self Employed person documents
-
KYC of applicant & Co-Applicant
-
Last 3 year ITR with computation of income of applicant & co-applicant
-
Last 3 year audited balance sheet of applicant
-
Last 3 year Tax audit report of applicant
-
Last 12 month Bank Statement of applicant & co-applicant
-
26AS of last 2 year of applicant & co-applicant
-
Copy of GST registration
-
Copy of MSME registration
-
Copy of Last 12 month GST return
-
Agreement to Sale if purchase case
-
Property Paper with complete chain of last 13 years
-
LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
-
Sanction letter of all running loan
-
Debt Sheet
-
Latest utility Bill of residence if owned or rent agreement if rented
-
Latest utility Bill of Office if owned or rent agreement if rented
-
2 Reference with contact details
-
Last 3 year Debtors & Creditors on letter head
-
List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
About Fullerton Loan Against Property ( Small Vertical)
With a loan against property from Fullerton, you may enter a world of limitless possibilities. Make your property a stepping stone toward your goals. Enjoy a new level of financial independence. Begin planning your journey right now.
Securing a loan against property may be a practical solution to handle any significant needs, such as funding for company ideas, further education, medical treatment, etc. Fullerton India recognises the situation and permits you to offer up your property in order to fulfil the objectives or needs. A loan against property from Fullerton India is easy to get since the application and approval processes are swift.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
Collateral includes both privately owned homes and business buildings like stores and offices.
The amount of the loan might be up to 70% of the property's worth.
You can, indeed. To terminate your account, you must send a request in writing to the closest Fullerton India branch. While prepaying, you can be required to pay a modest amount as a penalty. Nevertheless, it varies depending on the loan's amount and interest rate.
You can make partial prepayments, and there are no fees associated with floating interest.
You may apply either online or in person at the local Fullerton India branch.
Yes, as indicated in the section on extra costs.
You can obtain an overdraft facility as a term loan secured by your property, yes.
The rate of interest is in the 13% to 15% range.
A processing charge of 1% to 3% of the loan amount may apply.
No, you cannot obtain it without providing proof of income.
ReferLoan is a Marketplace which connect Financial institutes with prospective users through its integrated approach. ReferLoan helps users to increase their CIBIL Score and finding the best Financial Products from the available Financial Institutions. ReferLoan is the only Market Place which helps the users to explore the opportunities in Debt as well as in Equity.
Copyright 2023 © Referloan.in.