Fullerton India Instant Personal Loan: Interest Rates, Eligibility, How to Apply

You can get personal loans up to Rs.25 lakh from Fullerton India. It comes with an interest rate of 11.99% p.a. and a processing fee of 6%. The repayment period varies between 1 to 5 years. You can also opt for prepayment by paying a fee of up to 7%.

Fullerton India Personal Loan Details

Rate of interest From 11.99% p.a. onwards
loan amount up to Rs.25 lakh
repayment period 1 to 5 years
processing fee Up to 6% of the loan amount
prepayment fee Up to 7% of the outstanding principal
required age 21 to 60 years
minimum monthly income Rs 25,000 for Mumbai and Delhi and Rs 20,000 for other cities
CIBIL Score 750 or more
EMI per lakh Rs 2,224.00

Fullerton India Personal Loan Features

  • Fullerton India offers affordable loan options for vehicle purchase, higher education, weddings, loan repayment, luxurious travel, etc.
  • Up to Rs 25 lakh can be taken as loan amount.
  • One can get flexible repayment tenure of 12 to 60 months.
  • The processing fee starts from 0% and can go up to 6% of the loan amount.
  • You can opt for prepayment after 6 EMI payments. Charges up to 7% will be applicable.

Why Apply for Fullerton India Personal Loan?

  • The loan amount gets credited into the bank account immediately.
  • You can apply for instant personal loan online.
  • Existing customers of Fullerton India get additional benefits.
  • One can get 100% paperless and online approval for the loan.
  • The documentation process is simple and hassle free.
  • Fullerton has a wide network of 648 branches spread across India.
  • You can use Fullerton’s Personal Loan EMI Calculator to calculate your loan EMI and use Personal Loan Eligibility Calculator to check your loan eligibility.
  • With Fullerton India Referral Partner Program, refer your family, friends and acquaintances who are interested in a personal loan and can get up to Rs.20,000 per successful referral.

Fullerton India Personal Loan Types

Fullerton India offers you a bouquet of different products to choose from in terms of personal loan. It categorizes personal loans as follows, depending on the purpose of the loan application:

personal loan for salaried

  • Salaried individuals working in public or private organizations can get loans.
  • You can get loans up to Rs 25 lakh from here.
  • The repayment period varies between 1 to 5 years.
  • Hassle free documentation process.
  • Online application is done instantly and money is credited to the bank instantly.
  • Exclusive benefits for existing customers.

Personal Loan for Self Employed

  • Personal loans for self-employed customers, including professionals with their own registered business or professionals acting as an independent contractor.
  • You can get loans up to Rs 10 lakh.
  • The repayment period varies between 1 to 5 years.
  • Competitive interest rates.
  • Instant personal loan can be availed through online application.
  • Exclusive benefits for existing customers.

personal loan for women

  • This loan has been specially launched to empower women applicants.
  • You can check your loan eligibility online, fill the application form and
  • You can upload the required documents to get approval online.
  • No guarantor is required for this loan.
  • Money is disbursed in 72 hours after approval.

personal loan for marriage

  • Loans are available for venue booking, catering, designer wedding dresses, photography, videography and other wedding related expenses.
  • You can get instant approval for your loan online.
  • The maximum loan amount available is Rs.25 lakhs.
  • Post approval, the loan is disbursed within 72 hours.
  • The loan repayment tenure ranges from 12 to 60 months.

personal loan for travel

  • Whether you are traveling alone or in a group, you can get a personal loan to cover travel expenses.
  • This loan is available for salaried individuals only.
  • Check your eligibility, fill an online form and upload the required documents to get instant approval on your loan.
  • You can get a loan amount up to Rs 25 lakh.
  • The loan repayment tenure ranges from 12 months to 60 months.
  • After the loan is approved, the money is disbursed within 72 hours.

personal loan for doctors

  • Personal loans are available for doctors consulting or practicing in government hospitals, private hospitals and clinics.
  • Doctors can take loans up to Rs 30 lakh.
  • Online approval is obtained immediately after eligibility check, documentation.
  • You get complete online access to your loan account including repayment schedule, repayment track and interest certificate.
  • The loan repayment tenure is between 12 to 60 months.

Personal Loan for Home Repair

  • Loans are available for bathroom renovation, kitchen upgrade, living room improvement etc.
  • After checking your eligibility, filling the online form and uploading your documents you can get online approval instantly.
  • After the approval of your loan, the funds are disbursed.
  • You can get a loan amount up to Rs 25 lakh.
  • The loan repayment period is up to 5 years.

Personal Loan for Medical Emergency

  • Get instant loan for any medical emergency.
  • No guarantor is required for this loan.
  • To meet the urgent cash requirement, your loan is disbursed within 24 hours of approval.
  • You can get a maximum loan of 25 lakhs. ,
  • Get complete online access to your loan account including repayment schedule and interest rate certificate.

Documents Required for Fullerton India Personal Loan

To avail a personal loan with Fullerton India, the following documents are required:

Documents Required for Salaried Applicants

One duly filled application form and one recent passport size photograph.

Identity proof (any of the following)

  • passport copy
  • driving license
  • Voter ID Card
  • pan card

Address proof (any of the following)

  • passport copy
  • ration magazine
  • rental agreement
  • electricity bill
  • telephone bill
  • bank statement or passbook
  • driving license

Age Proof (Any one of the following)

  • passport copy
  • pan card
  • Any other certificate from a statutory authority
  • Salary slip of last 3 months (for salaried)
  • Bank statement of last 3 months
  • Form 16 or Income Tax Return

Fullerton India Personal Loan Eligibility Criteria

Given below are the eligibility criteria for Fullerton Personal Loan:

Eligibility for Salaried Employees:

  • Applicant should be a salaried person working in a public or private organization.
  • Minimum monthly income of Rs 25,000 for residents of Mumbai or Delhi. any other
  • 20,000 for Indian city residents.
  • The minimum age should be 21 years at the time of applying for the loan.
  • The maximum age at the time of loan maturity should be 65 years.
  • Applicant must be resident Indian.
  • Applicant should have minimum CIBIL score of 750 or above with good credit history.
  • Must have at least 1 year of overall work experience with at least 6 months in the current organization.
  • The maximum EMI to NMI ratio should be 65%.

eligibility for self employment

  • The applicant must be a self-employed professional to avail the personal loan.
  • The minimum annual turnover requirement depends on the nature of the industry or profession.
  • The minimum age should be 21 years at the time of applying for the loan.
  • The maximum age at the time of loan maturity should be 65 years.
  • Applicant must be resident Indian.
  • Applicant should have minimum CIBIL score of 750 or above with good credit history.
  • The maximum EMI to NMI ratio should be 65%.

Fullerton India Personal Loan Processing Fee & Other Charges

Types of Fees amount
rate of interest 11.99% to 36% p.a.
processing fee 0% to 6% of the loan amount
foreclosure fee
  • Nil on full payment of 36 or more EMIs
  • 3% on full payment of EMIs from 24 to 35
  • 5% on full payment of EMIs from 18 to 23
  • 7% on full payment of 7 to 17 EMIs
Additional interest for default of payment 24% p.a. on the outstanding overdue balance, which is calculated on day-to-day basis.
Post-dated check/conversion of ECS into ECS fee for ECS swap Rs.500 per instance
ECS/Cheque/NACH dishonor fee Rs.300 per instance
Loan cessation fee Rs.5,000.00

Fullerton India Personal Loan Customer Care

You can contact Fullerton India for any complaints. You have various options which include:

Email : namaste@fullertonindia.com

You can also call on their toll free number: 1800 103 6001 (Timings: 9 AM to 7.00 PM)

Fullerton India Personal Loan Frequently Asked Questions and Answers ( FAQs )

Question: What can the Fullerton India personal loan be used for?

Answer: With Fullerton India Personal Loan you can meet many personal needs like travel, marriage, loan repayment, higher education and medical emergency.

Question: What is the interest rate of Fullerton India personal loan?

Answer: The personal loan interest rate in Fullerton India starts from 11.99% and depends on the monthly income, customer tenure and work experience of the applicant.

Question: How much personal loan can I get from Fullerton India?

Answer: With Fullerton India one can get up to Rs.25 lakh as a personal loan. Doctors can take a personal loan up to Rs 30 lakh.

Question: How do I check my eligibility for Fullerton India personal loan?

Answer: Eligibility for a Fullerton India personal loan depends on the applicant’s income and work experience. You can check your eligibility on the online eligibility calculator on the official website of Fullerton India.

Question: Are there any foreclosure charges applicable on Fullerton India personal loan?

Answer: Yes, the foreclosure charges are as follows:

  • Nil on full payment of 36 or more EMIs
  • 3% on full payment of EMIs from 24 to 35
  • 5% on full payment of EMIs from 18 to 23
  • 7% on full payment of 7 to 17 EMIs

Question: Is it possible to foreclose a Fullerton India personal loan?

Ans: Yes, you can foreclose your Fullerton Personal Loan after full payment of 6 EMIs.

Question: What are the processing charges for Fullerton India personal loan?

Answer: The processing fee applicable on Fullerton India Personal Loan is up to 6% of the loan amount for which you have applied.

Q: Do existing Fullerton India customers get additional benefits?

Answer: Yes, Fullerton India customers get additional benefits in terms of processing time and interest rates on personal loans. They are also pre-qualified for top-up on the outstanding principal on the loan.

Full details of Fullerton India personal loan have been told in this post. What is the interest rate of Fullerton India personal loan? What are the documents required for Fullerton India personal loan? What is the eligibility for Fullerton India personal loan? How to apply for Fullerton India personal loan? What is the customer number of Fullerton India personal loan? Everything is explained in detail.

Leave a Comment

Your email address will not be published.