A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Grihashakti Home Loan

    Get home loans of up to Rs.5 crore at attractive interest rates starting at 8.99% p.a. and flexible tenures of up to 30 years with Fullerton Grihashakti. The processing fee charged can go up to 3% of the loan amount.

    Grihashakti Home Loan Details

    Interest Rate 8.99% - 12% p.a.
    RPLR 18.75%
    Loan Amount (max) Rs.5 crore
    Loan Tenure (max) 30 years
    Processing Fee (max) 3%
    Penal Interest Rate 24% p.a.
    Prepayment/Foreclosure Charges 0% - 7%
    Rate Package Fixed/Floating

    Grihashakti Home Loan Interest Rate 2020

    Fullerton Grihashakti offers loans at low interest rates starting from 8.99% p.a. A processing fee of 3% of the loan amount plus applicable taxes is charged at the time of disbursal.

    Loan Amount Interest Rate
    Up to Rs.5 crore 8.99% - 12% p.a.

    Compare: home loan interest rate for all banks

    Grihashakti Home Loan EMI Calculator

    Calculate Grihashakti home loan EMI beforehand using Home Loan EMI Calculator. The entire process is easy and hassle-free. All you need to do is enter your preferred loan amount, tenure, and interest rate. Hit “Calculate” to check the monthly instalment amount. You can also check your repayment schedule via an amortisation table.

    Grihashakti Home Loan Calculation

    Amount 10 years 20 years 30 years
    Rs.10 lakh Rs.12,662 Rs.8.991 Rs.8,039
    Rs.20 lakh Rs.25,324 Rs.17.982 Rs.16,078
    Rs.40 lakh Rs.50,649 Rs.35,963 Rs.32,156
    Rs.50 lakh Rs.63,311 Rs.44,954 Rs.40,1995

    Please note that an interest rate of 8.99% p.a. was considered for this illustration.

    Grihashakti Home Loan Schemes

    Fullerton Grihashakti offers a plethora of home loan schemes for aspiring homebuyers. Flexible tenures and attractive interest rates are some of the major features of Grihashakti home loans.

    1. Grihashakti Home Loan
      • Loans of up to Rs.5 crore
      • Attractive interest rates
      • No hidden charges
    2. Grihashakti Home Improvement Loan
      • Financing of 70% to 85% of the total amount required for home refurbishment
      • Maximum tenure of 20 years
      • Processing fee of up to 2% of the loan amount
    3. Grihashakti Home Construction Loan
      • Quick disbursal
      • Attractive interest rates
      • Designed for constructing homes on a self-owned plot
    4. Grihashakti Home Extension Loan
      • Maximum tenure of 20 years
      • Attractive interest rates
      • Financing of 70% to 85% of the total amount required for home extension

    Grihashakti Home Loan Eligibility Criteria

    Salaried Self-Employed
    • Multinational Cos/Listed Public Ltd Cos/Govt
    • Organisations Pvt Ltd Cos/Partnerships/Proprietorship Firms/Unlisted Companies
    • Businessmen Sole Proprietorship
    • Doctors/Architects/CAS
    • Partnership Firms/Unlisted Companies

    Check: home loan eligibility calculator

    Documents Required For Grihashakti Home Loan

    For Salaried

    • ID proof – PA card, voter ID card, driving licence
    • Income proof – Last 3 months’ salary slips, Form 16, last 6 months’ bank statement
    • Residential proof- Aadhaar Card, ration card, latest electricity bill
    • Co-applicant is mandatory

    For Self-Employed

    • ID proof – PA card, voter ID card, driving licence
    • Income proof – Lat 2 years’ IT Returns with computations, 6 months’ bank statement
    • Residential proof- Aadhaar Card, ration card, latest electricity bill
    • Co-applicant is mandatory

    Explore: documents required for home loan

    Grihashakti Home Loan FAQs

    1. Can I sign up for PMAY scheme through Grihashakti?

      Yes, you can sign up for PMAY scheme through Grihashakti if you are eligible. You can get an interest subsidy of up to 6.50% through PMAY depending on your household income.

    2. What are the prepayment charges applicable for individual borrowers?

      Individual borrowers having floating rate of interest on their home loan don’t have to pay any prepayment fee.

    3. Can I transfer my existing home loan to Grihashakti?

      Yes, you can opt for balance transfer facility to shift your loan account to Grihashakti. The interest rate will range from 8.99% to 12% p.a.

    4. What’s the interest for rural housing loans?

      The interest rate for rural housing loans ranges from 16% to 24% p.a.

      

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