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Loan Against Property

Loan Against Property

Property Loan against Commercial & Residential Properties

Loan against property is a secured loan that gives you a financial cushion by borrowing funds on your residential or commercial or industrial property that you pledge as collateral. You have the flexibility of using the funds for any purpose. Grihashakti adds tremendous value in fulfilling your financial goals by offering the best solutions. We offer a smooth process, flexible repayment tenures, and attractive interest rates on loan against property starting at 13.50% per annum.

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Benefits of Fullerton Grihashakti loan against property:

1) Apply online

You can apply for a loan against property online seamlessly. You need to start with clicking on the “Apply now” button on the banner of this page and then enter some basic details followed by uploading the documents. Our representatives will then get in touch with you to take the process ahead. Once your application is accepted, you will receive a unique tracking ID. You track the status of your loan with this ID. On approval, the loan is disbursed to you.

2) EMI Calculator

Grihashakti offers an easy-to-use EMI calculator that gives you complete transparency in your monthly outflow. This helps you plan your finances more efficiently by understanding your future monthly financial outflow. All you need to do is enter your repayment tenure, interest rate, and loan amount. You will get your monthly EMI amount within seconds. Please note that your actual EMI amount may vary slightly, depending on other charges such as insurance, etc. as per your agreement.

Documentation :

Documents required for loan against property are easy and straightforward. Following are the documents required for salaried and self-employed borrowers:

Document type Salaried Self-employed
Proof of Identity PAN Card
Voters ID
Driving License
Employee Card
PAN Card
Voters ID
Driving License
Proof Of Income Last 3 months’ salary slips
2 years’ Form 16
6 months’ bank statement with salary credit
Last 2 years’ ITR with computation
CA audited Financial wherever applicable
6 months primary bank statement
Proof of Residence Aadhaar Card*
Latest Electricity bill/Piped gas monthly bill
Ration Card
Property Tax/Water Bill
Aadhaar Card*
Latest Electricity bill/Piped gas monthly bill
Ration Card
Property Tax/Water Bill

Documents pertaining to the property you want to pledge will also be requested.

*Terms and conditions applicable. Loans are sanctioned at the discretion of Grihashakti. Please note that Aadhaar numbers should be masked before submission as per regulatory guidelines.

Charges on loan against property:

  • Processing fee for loan against property is upto 3% of the loan amount.
  • Application fees of INR 2,500 for a loan amount less than or equal to INR 10 lakhs, INR 3,500 for a loan amount between INR 10 to 25 lakhs, INR 4,500 for a loan amount between INR 25 to 50 lakhs, and INR 6,000 for a loan amount above INR 50 lakhs.
  • Documentation fees of INR 1,500 for loan amount less than INR 25 lakhs and INR 3,000 for loan amount more than INR 25 lakhs.
  • Stamping fees are as per state laws.

Features of Grihashakti’s Loan Against Property

1) Speedy processing

Grihashakti has a transparent and speedy process of loan approval and disbursal. The online application steps are extremely easy to follow. Grihashakti guides you right till the final step of the transaction.

2) No Foreclosure charges

If you come into any extra income at some point during the loan tenure, you can always use the extra funds to pre-pay your loan at no charge (except for loans borrowed for business purposes).

3) Affordable EMIs

Interest rate on loan against property is an important factor while deciding on your loan. We provide attractive interest rates on loan against property starting from 13.50% per annum. Affordable interest rates on loan against property makes this form of financing reasonable and preferable.

Eligibility criteria for loan against property:

Eligibility for loan against property is quite simple. You are eligible for loan against property from Fullerton Grihashakti as a salaried resident and as a self-employed resident. We have listed down the types of employers for both.

Salaried Self-employed
MNCs/Listed Public Ltd. Cos/Govt. Self Employed Individual businessmen/ Sole Proprietorship
Organizations Private Ltd Cos / Closely held or unlisted companies / partnerships /proprietorship firms Self Employed Professional - Doctors /Architect's / CAs    
  Partnership Firms
  Private Limited Companies/ Closely held/ Unlisted Companies

Please note that apart from this, your eligibility will also depend on the nature of your employment, your monthly income, your net monthly obligations, credit score and history, repayment capacity, nature & value of the property, etc. as per Grihashakti’s policy at the time of loan application.


What is a loan against property and how does it work?

Loan against property enables a borrower to pledge residential or commercial property as collateral and avail of a loan. The lender would evaluate the property and offer a loan amount equivalent up to 75% of the property’s value, depending on various factors.

How do I apply for a loan against property?

You can apply for a loan against property online through our website. You just need to fill up the application form and we will get in touch with you. Alternatively, you can also call on our toll free number or walk into one of our branches closest to your office or residence.

How do I repay a loan against property?

You can conveniently repay a loan against property through EMIs. It is advisable to use the Loan Against Property Calculator to estimate your EMI so that you can plan your expenses accordingly. The calculator will also display the complete schedule of EMI payments in advance. You can repay your EMIs by agreeing to an ECS debit mandate which will ensure that the EMI amount gets debited automatically every month on a particular date. Otherwise, you can pay through cheques or online transfers.

Which factors affect your loan against property eligibility?

Eligibility criteria for loan against property are laid down for salaried and self-employed individuals based on a number of factors including a minimum credit score of 700, good repayment history, stable income, repayment capacity, nature and value of property, etc.

How to get a loan against property with ease?

You can apply today by clicking the “apply now” button on this page . You may also call on our toll free number or walk into one of our branches to discuss your requirements and apply for a property loan. However, before applying ensure that you have shortlisted the property which needs to be pledged as collateral.





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Happy Owners

Happy Homes
Mr. & Mrs. Vijaya Bhaskar Besta, Secunderabad
Pujan N. Maniar Family, Ahmedabad
Mr. & Mrs. Chandrashekhar Shashtrimath, Karnataka
Rupam Das Family, Kolkata
Mr. & Mrs. Kaithepalli Harishkumar, Vishakhapatnam
Mr. R Sarvanakumar, Chennai
N. Durga family, Chennai
P. Vasanthakumari family, Chennai
Mr. &Mrs. Rakoti Simhachala, Vishakhapatnam
Mr.Hemant Chandramani, Rajkot
Y. Sai Kumari Family, Vishakhapatnam

“Owning a home brings in a sense of satisfaction and pride. The representative from Grihashakti has delivered good service and made our walkthrough in loan process easy. My favourite part in the entire home is the living room, which I have decorated well with special care.”

Mr. & Mrs. Vijaya Bhaskar Besta, Secunderabad

“Nothing compares to the happiness, which you get on moving to a home of your own. We are thankful to Grihashakti for helping us to achieve this happiness – they delivered excellent services in all aspects. Ever since we have moved to our home, our business has been booming!”

Pujan N. Maniar Family, Ahmedabad

“We are really happy to shift to our own place. Thanks to Grihashakti team, who helped us with their good service. The new home is very lucky for us because after we shifted here, I started my own business.”

Mr. & Mrs. Chandrashekhar Shashtrimath, Karnataka

“Having a house of your own gives you a sense of security and fulfilment. Kudos to the Grihashakti team – they are very prompt in their services! Our home is very special to us as we bond together as a family and also spend quality time with friends.”

Rupam Das Family, Kolkata

“We were looking for a home of happiness and peace. Thanks to the Grihashakti team, who helped us to realise this dream of ours. Our home has been very lucky for us – ever since we have shifted to our new home, prosperity followed!”

Mr. & Mrs. Kaithepalli Harishkumar, Vishakhapatnam

“I was very excited when I moved to my first home. Along with purchase of my new home, I also needed some funds to renovate my home. Grihashakti has been very cooperative and made my loan process very smooth. I love the balcony of my house, where I see birds chirping every morning."

Mr. R Sarvanakumar, Chennai

“Our new house is very special to me as it was the first house after our daughter was born. With Grihashakti we completed the loan process very smoothly. I love the hall of my house, where I can watch my daughter play.”

N. Durga family, Chennai

“The best part of our new home is its locality! Situated near a children’s park, now our children get to play during evenings. Service from Grihashakti has been wonderful with speedy and hassle-free loan process.”

P. Vasanthakumari family, Chennai

“Having a home is a special feeling and we experienced this when we moved from our rented accommodation to our own home. We feel fortunate to come across Grihashakti, who made the entire loan journey so simple and fast. My favourite place in the home is the living room, where I can relax with my wife after a day’s work."

Mr. &Mrs. Rakoti Simhachala, Vishakhapatnam

“It was a great feeling to own my first home. I am thankful to Grihashakti for their assistance throughout the loan process. Now my home being closer to my workplace, I can spend a quality time with my family”

Mr.Hemant Chandramani, Rajkot

“Staying in a home of your own has its own comforts. And if it is your first home, the feeling becomes more special. Thanks to Grihashakti as they helped us to realise our dream. The entire home is very special to us as we build sweet memories every day.”

Y. Sai Kumari Family, Vishakhapatnam

“A home of your own makes you feel independent. My mother was so happy when I shifted her to my own home. Grihashakti has been really helpful in making the entire loan process smooth and hassle-free. The favourite place at my home is the living room where I can spend quality time with my mother.”

Ms.Reema Chandiramani, Bhopal

Our home being the first home of our own is very special to me. It has also been a symbol of security for us. Grihashakti has been really quick in their processes and helped us through the entire loan process. Every corner of our home reflects a part of us – happiness and peace!"

Mr. & Mrs. Dinesh Sharman, Bhopal

I really feel proud to own my first home. I am thankful to Grihashakti, as the employees were so cooperative that I didn’t have to visit the branch repeatedly. My favourite in the home is balcony, from where I can see the vast sky."

Ms.Anju Saini, Kishangarh

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