Updated Jan 2025 • Post RBI Rate Cut

Fullerton India (SMFG India Credit) Home LoanEMI Calculator

Calculate your monthly EMI instantly with Fullerton India (SMFG India Credit)'s latest interest rates. Plan your home loan with confidence using our advanced calculator.

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Current Fullerton India (SMFG India Credit) Rates

Interest Rate9.5% - 10.5%

Lower than market average

Processing Fee3%

Min ₹2,500 • Max ₹1,50,000

Loan AmountUp to ₹5.0Cr

Min ₹1L

Max Tenure30 Years

Min 1 years

Calculate Your EMI

Use our advanced calculator to plan your home loan with Fullerton India (SMFG India Credit)'s latest rates

Fullerton India (SMFG India Credit) Home Loan

Fullerton India (SMFG India Credit) provides comprehensive home loan solutions with 90% financing and flexible terms for diverse customer segments including farmers.

Key Features

  • 90% financing up to ₹5 crores
  • Flexible repayment terms up to 30 years
  • Available for multiple customer segments
  • Housing finance for salaried, self-employed, professionals, and farmers
  • Competitive rates based on profile

Interest Rates & Fees

Interest Rate Range:9.50% - 10.50%
Processing Fee:3.00% of loan amount
Max Loan Amount:₹5,00,00,000
Max Tenure:30 years

EMI Calculator

₹30,00,000
9.50%
20 years

EMI Details

Monthly EMI

₹27,964

Principal Amount

₹30,00,000

Total Interest

₹37,11,360

Total Amount Payable

₹67,11,360

Payment Breakdown

Principal: 44.7%Interest: 55.3%

Eligibility Criteria

  • Multiple customer segments eligible
  • Credit score and repayment history considered
  • Employment stability and income level assessed
  • Loan-to-value ratio evaluation
  • Property location matters

Documents Required

  • KYC documents
  • Income proof (Salary slips/ITR)
  • Bank statements
  • Property documents
  • Employment/Business proof
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Why Choose Fullerton India (SMFG India Credit) Home Loan?

Competitive Rates

Interest rates starting from 9.5% with flexible repayment options

  • Repo-linked rates
  • Special rates for women
  • No hidden charges

Quick Processing

Fast approval process with minimal documentation

  • Digital application
  • Instant eligibility check
  • Doorstep service

Flexible Terms

Customizable loan terms to suit your financial needs

  • Tenure up to 30 years
  • Part prepayment allowed
  • Balance transfer facility

Frequently Asked Questions

Everything you need to know about Fullerton India (SMFG India Credit) home loans

What is the current home loan interest rate for Fullerton India (SMFG India Credit)?

Fullerton India (SMFG India Credit) currently offers home loan interest rates starting from 9.5% and going up to 10.5% per annum. The exact rate depends on various factors including:

  • Your Credit score (750+ preferred)
  • Loan amount and loan-to-value ratio
  • Employment type (salaried/self-employed)
  • Property location and type

How much home loan can I get from Fullerton India (SMFG India Credit)?

Fullerton India (SMFG India Credit) offers home loans ranging from ₹1 lakhs to ₹5 crores. Your eligibility depends on:

Eligibility Criteria:

Salaried Individuals:

  • • Age: 21-65 years
  • • Min income: ₹25,000/month
  • • Work experience: 2+ years

Self-Employed:

  • • Age: 25-70 years
  • • ITR: 3+ years
  • • Business stability: 5+ years

What is the processing fee for Fullerton India (SMFG India Credit) home loan?

Fullerton India (SMFG India Credit) charges a processing fee of 3% of the loan amount:

Processing Fee:3% + GST
Minimum:2,500
Maximum:1,50,000

Note: This is a one-time non-refundable fee. Some banks offer processing fee waivers during festive seasons.

Can I prepay my Fullerton India (SMFG India Credit) home loan?

Yes, Fullerton India (SMFG India Credit) allows both partial and full prepayment of home loans:

Floating Rate Loans:

No prepayment charges as per RBI guidelines

Fixed Rate Loans:

May attract 2-4% prepayment penalty

Pro Tip: Making even small prepayments can save significant interest. A ₹50,000 annual prepayment on a ₹50L loan can save ~₹15L in interest!

What documents are required for Fullerton India (SMFG India Credit) home loan?

Fullerton India (SMFG India Credit) requires the following documents for home loan application:

Identity & Address Proof

  • PAN Card (Mandatory)
  • Aadhaar Card
  • Passport/Driving License

Income Documents

  • Income proof (Salary slips/ITR)

Note: Additional documents may be required based on employment type and property details.

Expert Tips for Home Loan Success

Maximize your savings and get the best deal on your Fullerton India (SMFG India Credit) home loan

Before Applying

📊

Check Credit Score

Aim for 750+ for best rates

Save up to 0.5% on interest

💰

Calculate Eligibility

Know your borrowing capacity

Avoid rejection & save time

🏦

Compare Banks

Research rates across lenders

Save lakhs in interest

📄

Prepare Documents

Get all papers ready

Fast-track approval by 7-10 days

After Loan Approval

🔄

Setup Auto-Debit

Never miss an EMI payment

Maintain perfect credit record

💸

Make Prepayments

Pay extra when possible

Save 40-50% on total interest

📊

Claim Tax Benefits

Use 80C & Section 24

Save up to ₹2L annually

🔄

Consider Transfer

Switch for better rates

Save ₹10-20L on ₹50L loan

💡 Pro Tip: The 5% Prepayment Strategy

Prepaying just 5% of your loan amount annually can reduce your tenure by 8-10 years and save up to 45% of total interest!

₹50L

Loan Amount

₹2.5L

Annual Prepayment

₹22L

Interest Saved

Next Steps

Ready to Get Your Dream Home?

Start your Fullerton India (SMFG India Credit) home loan journey today with our exclusive rates and fast processing

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Loans Processed

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