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

Fullerton India Personal Loan: Fullerton India offers personal loans up to Rs.25 lakhs. You can choose a flexible repayment tenure of 12 to 48 months. You can also transfer your balance of an existing personal loan. Fullerton India offers quick loans with less documentation.

Fullerton India Personal Loan Features

No guarantor required: Since personal loan is an unsecured loan, you do not need to pledge any collateral while applying for Fullerton India Personal Loan, no guarantor is also required.

Loan Amount : If you are a salaried individual then you can get loan up to Rs.25 lakhs subject to Fullerton India terms and conditions. The loan amount depends on various factors such as your salary, your ability to repay the loan, your credit history etc.

Repayment Tenure: You can repay your loan amount in a tenor ranging from 12 months to 60 months.

Other Charges of Fullerton India Personal Loan

  • Processing Fee – Up to 6.5% of the loan amount
  • Delayed EMI Payment Interest (Delayed per month) – 0.75% per month on the outstanding principal loan amount
  • Check Bounce Fee – Rs 300
  • Loan cancellation fee (loan canceled before first EMI) – Rs 1000
  • Collection of Cheque/Cash (per collection) – Rs.300

Fullerton India Personal Loan Eligibility Criteria

You need to be a salaried or self-employed individual to avail Fullerton India Personal Loan and meet the minimum wage criteria.

Documents Required for Fullerton India Personal Loan

for salaried

  • Completely filled application form with recent photograph
  • Identity Proof – Passport Copy / Voter ID Card / Driving License / PAN Card (any one document must be submitted)
  • Address Proof – Ration Card / Telephone Bill / Electricity Bill / Rental Agreement / Passport / Bank Passbook / Driving License (Any one)
  • Proof of Age – PAN Card, Passport, Birth Certificate
  • Income Proof – Salary slip of last 3 months
  • Bank Statement – ​​Bank Statement / Bank Passbook or Form 16 for the last 6 months
  • Income Tax Return for the last 3 years

for self employed

  • Completely filled in application form with recent photograph
  • Proof of Identity – Passport copy / Voter ID card / Driving license / PAN card (any one document to be submitted)
  • Address Proof – Ration Card / Telephone Bill / Electricity Bill / Rental Agreement / Passport Copy / Bank Passbook or Statement / Driving License (any one to be submitted)
  • Proof of Age – PAN Card, Passport, Birth Certificate
  • Proof of business existence and continuity
  • Bank statement for the last 6 months, of current account
  • Profit and Loss statement sheet for the last 3 years
  • Balance sheet of last 3 years
  • Income Tax Return for the last 3 years (for self and business) duly attested by a CA

Example of how much EMI will be charged for taking a loan of Rs 20 lakh : If you take a loan of Rs 20 lakh for 48 months, the EMI will be Rs 54,143 at a fixed interest rate of 13.49% along with 50,000 processing fee.

Who can apply for Fullerton India Personal Loan?

  • Fullerton personal loan can be availed by salaried as well as self-employed individuals.

Do I need to pledge any security or collateral to avail Personal Loan from Fullerton India?

  • No, there is no need to pledge your assets or provide any guarantor to avail personal loan from Fullerton.

Is there any option to foreclose or prepay my loan?

Yes, you can foreclose your loan after at least 6 EMIs.

What is the interest rate of Fullerton India Personal Loan?

Minimum 11.99%, Maximum 23.99%, Interest rate varies with each customer and depends on various parameters like credit history and credit score.

Click on the link given below to apply online for Fullerton India Personal Loan –

https://instantpersonalloan.fullertonindia.com/digital-web-application/loanApply?productName=PersonalLoan&se=FICCL_Website&cp=Website_Organic&ag=website_homepageexploreofferings#1/1/1/homepage

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