Benefits of Taking a Housing Loan
Getting a Fullerton Grihashakti home loan is accompanied by a range of benefits.
Live in your own house:When you take a loan to purchase a house, you don’t need to live on rent anymore. Thus, you can enjoy the stability of living in one place and enjoy the benefits of ownership.
Create an asset: When you buy a house, you create an asset. Real estate is an asset that appreciates over time and can be inherited by your children.
Get different types of home loans: You can avail these housing loans for multiple reasons such as buying a new/resold house, loan for home improvement, loan for home construction and loan for home extension
Home Loan Interest Rate
We offer competitive interest rates on home loans as per each applicant’s individual profile and eligibility. The final interest rate offered to an applicant will depend on many factors including credit score & history, repayment capacity, nature & value of property, income, nature of employment, etc.
Documents required for Home Loan
Once your pre-assessment and eligibility by Fullerton Grihashakti have been confirmed, you need to check out the Document Required for Home Loan Here is a home loan document list for easy reference.
Type of Document |
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 credits
|
- 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 wish to purchase will also be requested.
*Terms and conditions applicable. Loans are sanctioned at the discretion of Fullerton Grihashakti. Please note that Aadhaar numbers should be masked before submission as per regulatory guidelines.
Home Loan Eligibility Criteria
Before you submit your application to Fullerton Grihashakti, make sure that you have done the necessary research to check your eligibility to avail a loan. Common housing loan eligibility criteria include:
For salaried
- Multinational cos / listed public ltd cos / govt.
- Organizations private ltd cos / closely held or unlisted companies / partnerships /proprietorship firms
For Self-employed
- Self-employed individual businessmen/ sole proprietorship
- Self-employed professionals - doctors /architect's / CA’s
- Partnership firms
- Private limited companies/ closely held/ unlisted companies
How do I apply for a Home Loan?
Here are the steps below to apply online for housing loan from Grihashakti:
Step 1: Check your eligibility and use our home loan eligibility calculator to estimate the maximum home loan amount you may be able to get
Step 2: Check the required documents
Step 3: Click on the “Apply now” button on this page
Step 4: Enter the requested information & upload documents carefully.
Step 5: Our representative will get in touch with you to take the process ahead.
Home Loan Fees and Charges
In addition to interest, here are some of the basic fees and charges applicable while availing a home loan from Grihashakti.
Type of Fees |
Charges applicable |
Processing Fees |
upto 3% of the loan amount |
Documentation Fees |
Between INR 1500-3000 depending on loan amount |
Application Fees |
Between INR 2500-6000 depending on loan amount |
Duplicate document (like Loan agreement, etc.) |
INR 500 per document set |
Foreclosure charges |
Charges applicable |
Floating rate of Interest |
No charge |
Fixed rate of Interest |
5%-7% of the amount prepaid depending on MOB |
For a complete list of additional fees and charges, please visit our page.