Loan Against Property

Credit against property permits you to utilize the worth secured up a property to meet any costs you may have. While the advance sum relies upon the complete estimation of your property, you are allowed to utilize the assets as you see fit. Your property goes about as insurance for the credit, yet you can keep on utilizing it as in the past.

At Fullerton India, we give altered property advance contingent upon your prerequisite. Along these lines, you might be salaried, independently employed, or an SME – have confidence, we have an item for you. Our smoothed out procedure with negligible documentation guarantees a problem-free encounter for each client.

You can contact our help group for answers to any inquiries you may have or data you need by means of telephone, email, or talk. Apply for a Loan Against Property today, and benefit as much as possible from a large group of focal points as our esteemed customer.

Loan Against Property Eligibility
The loan against property eligibility depends on whether you are a salaried individual, self-employed or an SME. Your repayment potential is assessed on factors such as your income, fixed obligations, credit history, etc. Thus, along with the loan application, you will have to submit the following documents required for a loan against property.

  • Proof of Identity
  • Address Proof
  • Age proof
  • Bank Statements for the last 6 months
  • Last 6 months salary slips (for salaried customers)
  • Audited financial statements (for self-employed and SME applicants)
  • Form 16
  • Income Tax Returns for the last 3 years
  • Processing fee cheque
  • Documentation pertaining to the property offered as collateral
  • Loan Against Property Interest Rates
  • The interest charged on a loan against property depends on several factors. These include:
  • Your nature of work
  • The type of property
  • The current market value of the property
  • Available documentation
  • Your income
  • Your credit history.
    The interest rates on mortgage loans from Fullerton India vary between 9% and 24% based on the above factors. To know more, please visit our loan against the property interest rates page.

How to Apply for Loan Against Property
Click on the “Apply Now” button on our website. On the following page, select “Loan Against Property”. Select the appropriate option depending on whether you are salaried or self-employed or an SME.
Next, you will be taken to an online form. Enter your mobile number and the OTP sent to you.
Enter your personal details as requested on the online form page. Click “Next”.
Enter your employment details in the next step.
Enter your bank details in the next step.
Upload scanned copies of your documents
Click “Submit”. Within a few seconds, you will be informed if you are eligible.
If yes, our customer care representative will get in touch with you for the next steps.

 

 

If you have a query regarding any kind of loan, please fill out this query form in order to get in touch with our customer service representatives.