Loan Application

Fullerton India Business Loan - Fees and Charges

Product Type

SME Loan

Delayed EMI Payment Interest ( per month of delay, every month)

As stated under additional interest charge***

Collection of Cheque/Cash (per collection)

NA

Cheque /ECS dishonoured Charges (per dishonour of cheque/ECS per presentation)

30

Swap Charges- for replacement of Post-dated cheques to ECS (per instance)

500

Swap Charges- for replacement of ECS to ECS (per instance)

500

Loan Cancellation charges (loan cancelled before first EMI)

5000

Document Retrieval Charges/copy of Property/Loan Agreement papers /List of Documents

NA

Duplicate NOC/ NOC Revalidation

NA

Processing Fees

Up to 3% of the Loan Amount*

CERSAI charges

For loan amount greater than ` 5 Lacs, deduction will be 
` 210/- per collateral

*Additional Interest (applicable for payment defaults):
For loans below ` 5 Cr. - An amount not exceeding zero point seven (0.7) per cent per annum
For loans exceeding ` 5 Cr. - an amount not exceeding zero point five (0.5) per cent per annum
on the Principal amounts outstanding under the Loan payable from the relevant due date until the date of actual payment / rectification of default.
**Additional Interest (applicable for payment defaults) 0.75% per month on the outstanding principal loan amount (for both salaried and self-employed Personal Loans).
***Additional Interest (applicable for payment defaults) An amount not exceeding zero point five(0.5) per cent per annum on the Principal amounts outstanding under the Loan payable from the relevant due date until the date of actual payment / rectification of default.
Rate of interest conversion fee - an amount not exceeding one (1) per cent of the loan amount sanctioned ( Loan Against Property/LRD)

Loan Foreclosure Charges*


Foreclosure Charges

SME Loan

Within 6 months from the Agreement Date

4.00%

Within 7 months to 12 months from the Agreement Date

4.00%

Within 13 months to 24 months from the Agreement Date

4.00%

Within 25 months to 60 months from the Agreement Date

3.00%

Within 61 months to 84 months from the Agreement Date

3.00%

After 84 months from the Agreement Date

3.00%

 

Merchandise Loan

NIL

TW

>180 days - 3%

CV

180 - 364 days - 4%

> 365 days - 3%

3W

180 - 364 days - 4%

> 365 days - 3%

GEL

>365 days - 5%

Hypothecation

>365 days - 5%

LAP**

3% of the Outstanding Loan Amount

Home loan**

3% of the Outstanding Loan Amount

**Foreclosure Charges - Nil for Floating Rate of Interest.

Late payment penalty, Bounce Cheque charges and Waiver grid


Product

Cheque Bounce Charges (Rs)

Penalty charges

SG

25

SGF – Rs. 10

SGM – Rs. 20

Merchandise Loan

NIL

NIL

TW

300

30%*

CV

300

22-27%*

3W

300

22-27%*

GEL

300

44%*

Hypothecation

300

30%*

LAP

300

25%*

Home Loan

300

25%*

Note: All penal charges mentioned include service tax.

 
Loan Application

 

It is a type of unsecured loan and helps to meet your current financial needs. You don't need any security/collateral while availing it. Personal Loan is your solution for instant cash and can be used for travelling, wedding, medical emergency, home renovation, or anything else.

 

Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.

 

Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Banks and financial institutions offer this LAP, which can either be a residential/commercial building or a piece of land.

 

A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.

Different Purposes for Personal Loan through LoanMoney

Marriages are made in heaven and its celebration is one of the happiest and memorable events for married couples and their families. Wedding loan is available to people looking to meet their wedding expenses in order to make the wedding a grand success.
Debt consolidation/ Financial Restructuring is a process to streamline one’s financial stability and debt. Thus by consolidating many small debts with one debt, one gets favourable payment off terms and lower burden of EMI.
Home is the place where your story generates. Home Renovation Loans are designed for the purpose of renovating a house and can be taken by a person who owns the property to be renovated.
A Medical Loan is extended by a bank or a financial institution under the category of personal loans. A medical loan can be used for multiple emergency purposes such as an operation, surgery, procedure, therapy or for any concern related to health.
The Education Loanaims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. Students enrolled in career-oriented courses e.g. medicine, engineering, management etc, can avail this.
Balance transfer is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also for better features. Balance transfer reduces your interest rates and finally ensure saving.
Travel loan is a kind of Personal Loan that you can apply while planning a travel. It can help to cover the costs associated with your holiday, such as airfares, accommodation, hotel fares, tour packages, travel gears/accessories, or any other type of expenses associated with your travel.
The Credit Card Payment Loan is designed to allow you to take control of your finances and pay your credit cards off faster. This is made possible by consolidating your high-interest card balances into one monthly payment at a fixed rate and term.

Disclaimer: LoanMoney is not a Loan Providing Organization. We are facilitating the Loan Process from various Banks & NBFC. The rate, eligibility criteria, term & conditions of various banks are subject to change as per bank discretion. We try our best to keep the data up-to-date, but we can't guarantee the accuracy of data provided in this site. LoanMoney help you to embark on your dream at the right time with many Banks/NBFC's Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements.

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