Owning a house in our country is nothing but a luxury for people. I’m saying luxury, because the prices are too high that it’s quite difficult for a large portion of our population to afford it. So in order to make the process of buying a home affordable for them, various banks and financial institutions provide the home loan facility by which the individuals can take the loan amount to buy the home at an affordable rate of interest. Fullerton is one of those leading financial institutions that provide various banking products such as personal loan, loan against property, etc.
Fullerton Home Loan is one of the amazing banking products that it provides to the customers. Available at an affordable rate of interest and with flexible repayment options, Fullerton Home Loan is one of the most preferred loan products among the customers. If you’re someone who is looking to buy your own home with the cheapest rate of interest in the market and with no hidden charges. In this article, we will be telling you about the Fullerton home loan interest rates and features of the Fullerton Home Loan in detail so that you can take an informed decision while opting for it. So keep reading!
What are the few exciting features of the Fullerton Home Loan Facility?
Available for all Kind of Homes: You don’t need to worry about the type of home when you are going to get a Fullerton home loan because it doesn’t matter if the house that you choose is flat, or row house, or bungalow, or even properties from housing authorities. Fullerton Home Loan facility doesn’t differ to any kind of house type when it comes to the sanctioning the loan amount,
Longer Tenure: Fullerton gives you the option to repay the loan amount within a long repayment period so that you don’t face any kind of financial burden and you would be able to easily pay it. As the longer the tenure, the EMI amount will be smaller, and vice-versa. Also, you should choose the repayment period according to your repayment capability.
Easy Repayment Schedule: With this facility provided by Fullerton India, you can easily repay the loan amount through ECS (Electronic Clearing Service) or Post-dated Cheques.
Fullerton Home Loan Interest Rates: Interest rate is one of the most important things that one should look for while opting for the loan amount. And what makes this loan facility as one of the best is the Fullerton home loan interest rates. It also depends on several factors such as your age, employment nature, job stability, existing liabilities, and most importantly, your CIBIL score. Chances of getting lower interest rates are higher in case of having a good CIBIL score which is considered to be 700 or above.
Avail Tax Benefits: With the Fullerton Home Loan facility, if you an Indian resident, you can enjoy the tax benefits that you get on both the principal and interest component of a home loan.
Minimal Documentation and Quick Disbursal: Fullerton India ensures that you don’t have to carry a bag of documents in order to apply for a loan. You just have to submit a few documents with your application form and your application will be on the way. Once your documents are submitted, the bank will assess them and if all goes right, the loan amount will be in your account within a few days. You can have a look at the list of documents that you will need to apply for the loan.
- Proof Of Identity: PAN Card/ Driving License/ Aadhar Card
- Proof of Residence: Aadahr Card/ Ration Card/ Electricity Bill
- Proof of Income: Salary slip of last three months for salaried and ITR for the last two years for the self-employed
- Co-applicant or Guarantor is mandatory