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A Comprehensive Guide to Fullerton Personal Loan

Fullerton Personal Loan

Life is full of ups and downs, and then comes the down phases, and we face many personal issues. Among those personal issues, financial losses play a significant role, so for such losses, Fullerton is one of the most renowned finance companies that has been offering personal loans. So let us move ahead in this article and know more about the features and all other essential details about Fullerton personal loans.

Why should one choose Fullerton personal loans?

Fullerton India offers many benefits to its customers that make it stand out from all the other financial companies. Below are some of the main reasons one should choose Fullerton, India, for applying for personal loans:

Easy accessibility:

There are a large number of branches in both rural and urban areas. So that makes Fullerton, India, accessible for all citizens to come and apply for personal loans.

Simple Loan application

personal loan applications are simple, quick, and easy to fill in, as it requires minimal documentation.

High quantum of loan amounts

Fullerton India offers high loan amounts to its borrowers, like up to Rs. 20 Lakhs for salaried employees and up to Rs. 30 Lakhs for self-employed individuals.

Instant loan approvals

The main benefit of Fullerton personal loans is that you do not need to visit the branch. Just fill out the personal loan application online, and you will get instant approvals.

Seasonal offers

Fullerton India keeps offering seasonal offers like interest rate discounts or flexible loan tenures for its existing and new customers.

Fullerton Personal Loan Highlights

Loan Amount

Up to Rs. 30 Lakhs

Loan Tenure

Up to 5 years

Interest Rate

11.99% p.a. onwards

Processing fees

Up to 6% of the loan amount

Loan prepayment charges

Up to 7%

Loan Cancellation charges

Rs. 5,000

Cheque or ECS bounce charges

Rs. 300

Types of Fullerton Personal Loans

Type of Loan

Requirement

Loan Amount

Processing Fee

Loan Tenure

Disbursal Time

For Elite customers

The applicant should be earning at least Rs. 75,000 monthly.

Rs. 8 Lakhs – Rs. 25 Lakhs

Up to 3% of the loan amount

Up to 5 years

Up to 72 hours after loan approval

For salaried employees

The applicant should be earning at least Rs. 25,000 monthly.

Up to Rs. 25 Lakhs

0% – 6% of the loan amount

Up to 5 years

Within 24 hours of approval

For self-employed individuals

The applicant should be earning at least Rs. 50,000 monthly.

Up to Rs. 35 Lakhs

Up to 3% of the loan amount

1 – 5 years

Up to 72 hours after approval

For doctors

The applicant should be earning at least Rs. 50,000 monthly.

Up to Rs. 30 Lakhs

Up to 3% of the loan amount

1 – 5 years

Up to 72 hours after approval

For Medical Emergency

The applicant should be earning at least Rs. 25,000 monthly.

Up to Rs. 25 Lakhs

Up to 3% of the loan amount

Up to 5 years

Within 24 hours of approval


Eligibility Criteria

  • The applicant should be either:

  • Salaried employee

  • Self-employed individual

  • An employee of any private company or any public sector company

  • Monthly income should be Rs. 25,000 for salaried employees and Rs. 50,000 for self-employed individuals.

  • At least one year of total work experience

  • Minimum six months of experience with the current company

  • CIBIL score should be 750 or above.

Documents required
Basic

  • Identity proof: PAN Card, Voter ID, Driving License, Passport

  • Signature proof: Passport, PAN Card

  • PAN Card

  • Address proof: Adhaar Card, Ration Card, Utility Bill, Bank Statement, Rent agreement

  • Bank statement for last six months

Additional documents for salaried employees

  • ITR / Form 16 of at least the last 2 years

  • Salary slips of last three months

Additional documents for self-employed individuals

  • ITR for the last 2 years

  • Balance sheet or the profit/loss accounts sheet for the last 2 years

  • Business existence proof

  • Income tax challan

FAQs

The personal loan status can be viewed easily on its official website.

Your monthly income and existing monthly obligations are the main factors affecting loan amount eligibility.

Yes, the loan can be foreclosed, with a charge of 0-7%, depending upon the type of loan.

Fullerton personal loans can be paid in reasonable monthly installments calculated based on interest rates. And this can be paid to the company online through funds transfer or cheque deposits.

Fullerton India Credit Company is registered as an NBFC – Investment and Credit Company with the RBI.

Yes, Fullerton offers preferential interest rates to only two types of customers: Doctors and women.

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