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Fullerton India Mortgage Loans in Chennai

Fullerton India offers mortgage loans for the neediest individuals which cater to be the perfect way to borrow money during an emergency. Such loan against property best serves people who have unexpected financial need for which they cannot wait for two or three days as in personal loans. Such mortgage loans offered by Fullerton India are very beneficial for business people as capital investment, to purchase equipments or machineries, promotional activities and for many other purposes. Similarly, individuals do get benefited from mortgage loans especially for those who does not have regular or fixed monthly income but they have some regular source of income.

Features of Mortgage loan from Fullerton India

  • The maximum loan amount offered is from Rs.5 lacs to Rs. 1 Crore
  • Income documents and existing loan tracks are considered for maximum loan eligibility for mortgage loan
  • Both commercial and residential properties can be used as collateral
  • The applicant will be given best valuation for the property to be mortgaged
  • The interest rate is about 15%
  • Maximum term period is up to 15 years
  • Loan will be paid through equated EMIs
  • Any property used as collateral must be insured for mortgage

Eligibility for Mortgage loan from Fullerton India

  • The applicant can be salaried or self employed
  • The applicant must be over 21 years
  • The applicant must have regular monthly income with income proof
  • Proper documents for age proof, address proof and identity proof must be provided

Documents Required for Applying Mortgage loan

  • The application with photograph must be primarily filled with proper information
  • Residential proof must be provided such as ration card, voter's id, passport and driving license
  • Salaried applicant must provide salary slip and education qualification certificate
  • Self-employed must provide proper business existence proof
  • Form 16 for last 2 to 3 years for salaried and IT returns for last 3 years for self-employed must be provided
  • Self-employed must provide profit and loss balance sheet certified by CA for last 3 years