About Fullerton Home Loans

Fullerton India Credit Company Limited (FICCL) or just Fullerton is a Nonbanking Financial Company that offers all kinds of retail finance products to small and medium enterprises and rural households in India. The company is headquartered in Mumbai and is a fully owned subsidiary of Fullerton Financial Holdings Pte Ltd. Ever since it was launched in January 2007, the company has solidly established itself throughout India, creating a successful network of more than 571 branches, which serve 2.3 million+ Indian customers.

Fullerton India offers different kinds of home loan products, catering to the needs of different customer types. There are different Fullerton home loans for salaried individuals, self-employed professionals and self-employed nonprofessionals/SMEs. You can avail a Fullerton Home Loan to buy a new/second-hand home, construct a home or even for improvements and/or extension of an already owned home. Below provided are more details on Fullerton Home Loan eligibility criteria, features and applicable charges.

Home Loan Eligibility Criteria for Salaried / Self-Employed

As mentioned earlier, Fullerton Home Loan can be availed by both salaried and self-employed individuals. While the salaried people should be working in any of the reputed public, government or private companies, self-employed individuals should have their own practices or businesses with a proven track record. More and up-to-date details related to Fullerton Home Loan eligibility criteria such as minimum income, professional qualification, tenure in current employment etc. have been provided below.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

6 – 10 yearsk

Overall Employment

6 – 10 years

Tenure Current Employment

750 Points

CIBIL Score (=>)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income
(Doctors/ CA)

5 – 10 Years

Post Qualification experience a
(Doctors / CA)

5 – 10 Years

Post Qualification experience a
(CS / Architect)

750 Points

CIBIL Score (=>)

Fullerton Home Loan Features / Details

Fullerton Home Loans are offered under their brand name ‘Grihashakti’ which is a Fullerton India Home Finance Co. Ltd. trademark. It is a credible lending institution whose workforce dedicatedly works towards making home finance simple and transparent for borrowers. While there are separate home loan products available for salaried, self-employed and SMEs, among them too, there are customized home loan solutions offered to women borrowers. Following are updated and precise details related to Fullerton Home Loan features.

8.40%

Interest Rate (Min)

5 – 30 Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

Fullerton Home Loan Fees / Charges

All Fullerton Home Loan applications involve a processing fee of up to 3% of the sanctioned loan amount. Various other charges like documentation fees, rate of interest conversion fee, stamp fees, swapping charges, prepayment charges, duplicate statement charges, amortization schedule charges, late payment charges etc. might be applied depending upon the situation and the borrower’s requirement/s. You can find updated details on all such Fullerton Home Loan charges/fees below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees