The financial tools offered by Fullerton India is both diversified and exclusively designed to meet the requirements of personal loan consumers, depending on the nature of demand. Fullerton India personal loan does not require any guarantor or collateral.
Fullerton India offers personal loans to its existing and new customers with lots of benefits and facilities which include competitive interest rates and secure payment tenures, which can extend up to 48 months.
Why apply for Personal Loan?
- The Loan amount depends upon the income, repayment capability as well as previous records of the applicant.
- You don’t need to put any property or asset as security to the lender.
- No cosigner required.
- If you fulfill the eligibility criteria and have a good credit score, you can get a personal loan in almost 72 hours.
- Generally, Loan is available on a fixed rate of interest.
Fullerton India Personal loan Eligibility
Salaried
Profession: The person should be working in a government, private or MNC Company.
Eligible Age: The Minimum age to apply for a Personal Loan is 21 years, whereas the maximum is up to 60 years.
Minimum income: The person should be getting a minimum of 20,000p.m. Salary.
Work Experience: The applicant should have at least three years of working experience, and more than three months of experience in the current company.
CIBIL score and EMI percentage: The minimum CIBIL score required for Personal Loan is 650 & maximum EMI should be not more than 65% of monthly income.
Self-Employed
Profession: The Person should be professionals like Doctors, CA, CS, Architects, Lawyer, or, doing his own business.
Eligible Age: The minimum age to apply for a personal loan is 23 years and, maximum is up to 65 years.
Minimum income: The minimum revenue from business or the profession should be not less than 25,000p.m.
Work Experience: The person should have at least three years of his professional experience.
CIBIL score and EMI percentage: The minimum CIBIL score required for Personal Loan is 650 & maximum EMI should be not more than 65% of monthly income.
Fullerton India Personal Loan Interest Rate
The interest rate may vary from 17.5% to 49% per annum. However, the rate of interest offered by Fullerton India Credit Company Ltd is as per the prevailing market trends, yet competitive compared to most of the market players. Therefore the interest rates are indicative only, and the final rate offered would vary and calculated based on below-mentioned points.
- Profile of Customers
- Tenure of the Loan
- Geography of residence
- Nature of Collateral (If provided)
- Prior/existing relationship with Fullerton India.
Documents Required
Salaried
- Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
- Address proof: Ration card, Passport, rent agreement, electricity/water bill.
- Latest six months Bank statement & 3 months’ salary slip
- Latest form 16
- PAN card
Self-Employed
- Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
- Address proof: Ration card, Passport, rent agreement, electricity/water bill.
- Last six months of Bank statement.
- Latest ITR along with computation of income along with P/L audited by certified CA for the previous two years.
Tenure
Tenure is the time for which you have gotten the Loan. It can be one year to 5 years.
Pre-closure Charges
Fullerton India Personal Loan allows you Pre-Closure with charges ranging from 3% to 7%.
About Fullerton India
Fullerton India Credit Comp Ltd is a non-banking financial company (NBFC) headquartered in Mumbai that offers retail finance products to rural households and small and medium enterprises in India.
How to apply for Fullerton India Personal Loan?
Visit lendingwale.com and fill all your required details like Name, age, income, etc.
Our relationship manager will contact you as soon as possible and help you get your loan approved.
FAQs (Frequently Asked Questions)
Q1. Why should I take a personal loan from Fullerton India?
Ans: Fullerton India provides a Personal Loan at a genuine interest rate and provides you with the best facilities possible. Furthermore, the bank will process the Loan very quickly and without any hassle.
Q 2. How much interest is charged by Fullerton India on a personal loan?
Ans: Personal loan interest rates in Fullerton India generally start from 17.25% to 33.00%per annum. However, it changes from time. Besides that, it also depends on the profile of the applicant.
Q 3. What is the lowest EMI per lakh on a personal loan?
Ans: The minimum EMI per lakh is Rs. 2,649 per month.
Q 4. What is the tenure of Personal Loan?
Ans: The loan tenure of the Personal Loan is One year to Five years.
Q 5. How much Personal Loan amount I can borrow from Fullerton India?
Ans: The applicant can get a loan amount of Rs. 50 Thousand to a maximum amount of Rs. 30 Lakhs, depending on the professional background.
Q 6. How much does the Fullerton India charge processing fee on a personal loan?
Ans: The processing fee charged is about 6.5%.
Q 7. Is age an eligibility factor in getting a personal loan?
Ans: Of course, age is a factor to apply for a personal loan, as the minimum age of the applicant should be 21 years; however, it can be maximum 60years.
Q 8. Are there any pre-payment charges on a personal loan from Fullerton India?
Ans: Yes, the pre-close charges are 3% to 7%, moreover depending on the time period of the loan.