When you are looking for a personal loan, the first thing usually comes into your mind is the disbursal timelines. It means when you will get the loan after you have applied for it. There are a lot of different lenders having different time for it.
However, if you want to get it with in one or two working days, there is better than Fullerton India personal loan. It offers a high loan amount, along with easy repayment options and have a low rate of interest. But before you apply, it is essential to know every detail.
Fullerton India personal loan
Fullerton India Personal Loan is customer centric to make sure a borrower does not face hardship upon applying for the loan. The process should be easy and smooth. Along with this, it also offer different types of personal loan as per borrower requirement.
Medical emergency personal loan
Used car personal loan
Debt consolidation personal loan
Higher education personal loan
Wedding expense personal loan
Home renovation personal loan
Now, let’s check out the loan details.
Fullerton India offers personal loan up to Rs 25 lakhs. The loan amount will depend upon your eligibility.
Fullerton India Personal Loan Interest Rate ranges between 12.99% and 36% P.A
The loan tenure is between 12 months and 5 years.
The processing fee for the loan is from 0.5% to 6.5% of the loan amount.
The lowest EMI per lakh is Rs 2,275 for 5 years.
The prepayment charge is between 0% and 7%.
Fullerton India offers a high quantum of loan amount with a competitive rate of interest. The loan is easily accessible not needing any collateral or security. Now, let’s check out the loan eligibility criteria.
Eligibility criteria for Fullerton India personal loan
The applicant should be a salaried individual or self employed professional.
The applicant should be working in a central, state, Private or at a PSU organization.
The applicant age should be between 21 years and 60 years.
The applicant minimum salary should be at least RS 15,000 monthly.
The applicant should be living in the current residence for the minimum 1 year.
The applicant should have minimum 2 years of work experience while working for the current organization for minimum 6 months.
This is a standard eligibility criteria for the Fullerton India personal loan. If you are not sure, whether you qualify for the loan or not, you could use the Fullerton India personal loan eligibility calculator to find out. It is available on the Fullerton India official website.
First, you have to choose between salaried and self-employed, and then proceed accordingly. Fill out the city, date of birth, Net monthly income, monthly EMI, etc. the calculator will tell you how much loan you could get. Now, let’s check out the documents you will need.
Required documents for Fullerton India personal loan
The application form
Proof of identity( Aadhar card, PAN Card, Passport)
Proof of residence ( Rent agreement, utility bill, ration card, telephone bill)
Proof of income( Salary slip, passbook statement, bank statement , ITR for the last 2 year)
Processing fee cheque
Audited balance sheet for the last 2 years
P/l statement for the last 2 years
Qualification proof required
How to apply for Fullerton India personal loan?
Download the Fullerton App from the Google play store.
Register on the app.
Fill out the loan application
Upload the required documents.
Wait for verification process to get completed.
Once it is complete, the loan amount is disbursed.
Conclusion
Fullerton India personal loan is fast, customizable and quick. Everything is focused on the borrower to make it easy. There is also track application features available. However, you should always read the loan documents before you sign it.
