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FOR FORECLOSURE CASES: Foreclosure cheque and request for Foreclosure Statement, List of documents will be accepted from 2nd to 24th day of the month (excluding Saturday, Sunday and public holidays) and will not be accepted/issued from 25th day of the current month to 1st day of the next month.

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Home Loans

Apply for Best Home Loan Online

A home loan is one of the most essential financial products. Buying a house for the first time is one of the biggest joys of life. It is not only a special place for your loved ones and you but also becomes an asset which you can bequeath to your children. Owning a house offers stability and confidence. You may also be planning to purchase an additional house as an investment. In both cases, you are likely to apply for a home loan. We are committed to helping you fulfil your dream of buying a new house.

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Features of Home Loan

Availing housing finance from Fullerton Grihashakti comes with a host of features.

Quick home loan approval
Swift Loan Processing

We process housing loans within 72 hours* (subject to eligibility, successful verification of loan documents).

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Apply for home loan online
Seamless loan application process

We have outlined the eligibility criteria as well as the list of required documents on our website. The loan application process is transparent and simple.

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Home loan at low interest rate
Attractive Interest Rates

We offer attractive home loan interest rates customised to each applicant’s profile & eligibility.

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Home loan at low EMI
Reduced EMIs for home loan

When you apply for a home loan at Fullerton Grihashakti, you can avail of longer repayment periods for up to 30 years. Thus, you can reduce your monthly EMI and enjoy affordable home loans which easily fit into your budget.

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Home loan at low hidden charges
No hidden fees or charges

At Fullerton Grihashakti, our transparent processes also enable buyers to spread their wings a little more with no hidden charges.

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*Interest rate applicable is per annum. Terms & conditions and charges apply. Details available on request. Loans at the discretion of Grihashakti (Fullerton India Home Finance Company Limited).

Calculate your Home Loan EMI


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EMI Payable (Per Month)

Principal Amount =
Interest Amount =
Total Amount =

 

Disclaimer: Please note that this calculator is simply a self-planning tool, and is for demonstration purposes only. Your final EMI amount will depend on many factors, and will be disclosed in the schedule shared with you after loan approval. For more details, please contact us

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.

Home Loan FAQs

What is a home loan and how does it work?

It is an amount of money borrowed by an individual from a financial institution at an agreed upon interest rate, specifically to purchase a home. This home / property is then held by the lender as a collateral. The borrower can repay the loan in the form of monthly EMIs, after which the lender closes the loan account and returns the property deeds back to the borrower. Typically:

  • The tenure of a home loans is upto 30 years
  • Lenders provide upto 90% of the value of the home as a loan. The remaining amount must be arranged by the borrower.
  • The maximum loan amount a borrower can get as well as his/her eligibility for the same depends on several factors, including disposable income and credit history.
  • Since a home loan is a secured loan for purchasing a new fixed asset whose value will most likely increase over the loan tenure, borrowers get income tax benefits for the same.
What is the maximum home loan that I can obtain?

Generally, you can obtain up to 90% of the property valuation as a housing loan. However, the final loan amount depends on a variety of factors such as the loan applicant’s income, job profile, credit score and history, and repayment ability.

How do I repay a housing loan?

Here are the ways in which you can repay your EMIs

  • Sign up for the ECS facility: The amount will get auto debited from your bank account every month
  • Pay online: You can pay online on the website through the customer logged in section or by clicking the “Pay EMI” button on the top menu using a variety of channels such as debit cards, net banking, UPI, Google Pay and so on.
  • Through cheques: Submit post-dated cheques at the branch
Which factors affect your home loan eligibility?

Your eligibility for home finance is determined taking into account parameters like your credit score, your existing debt obligations, your income, your employment status, your age and your property details.

How to get a home loan with ease?

The easiest way to get a housing loan is to apply through our website. Fill in your personal and financial information, check the home loan documents list, upload softcopies, and submit. Our representatives will get in touch with you to take the process ahead. After successful verification checks, you will get a sanction letter if the loan is approved. You can also walk into any of our branches to know more.

How long does it take to get a home loan sanctioned?

Depending on your eligibility and availability of all required documents, a housing loan is typically sanctioned within 72 hours, after successfully verifying your details. However, the actual period from application to disbursal may vary depending on multiple factors. You can expect the entire loan application process to take anywhere between 14-21 days, provided there is no eligibility or documentation concern.

What are the types of home loans available?

Fullerton Grihashakti offers four types of home loans to its customers. This includes Loan for Buying a New or Resale Property, Loan for Home Improvements, Loan for Home Construction and Loan for Home Extension.

What are the types of rate of home loan interest offered by Fullerton Grihashakti?

Fullerton Grihashakti offers affordable housing loans with interest rates customized as per each applicant’s profile, eligibility & Grihashakti’s policy at the time of loan application

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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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