Fullerton personal loan are practical solutions for your immediate financial needs, with interest rates starting at just 11.99 percent. The loan can be taken out for a period of one to five years, and the highest amount you can borrow is Rs.25 lakh.
When you apply for a personal loan from Fullerton, you won’t have to wait months for the loan to be authorized. The company provides perks such as rapid eligibility checks, instant online approval, and speedy disbursement of funds.
Interest Rates (Monthly Reducing Balance): 11.99 percent to 25% per year
Fees for processing range from 3% to 6%.
Loan terms range from one to five years.
Charges Associated with the Closure Prior to the Closure
Within 6 months of the date of the agreement – this is not permitted.
7 percent of the outstanding principal amount for 7 to 17 months from the date of the agreement
5% of the outstanding principal amount for 18 to 23 months from the date of the agreement
3 percent of the outstanding principal amount for 24 to 35 months from the date of the agreement
After 3 years from the date of the agreement, there are no pre-closure fees to pay.
|Guarantor Requirement||No guarantor required|
Eligibility Criteria for Fullerton Personal Loans
Personal loans are available from Fullerton India for both salaried and self-employed individuals. A Fullerton India personal loan is available to salaried individuals having a fixed monthly salary of at least Rs.15,000 per month. The minimal monthly income requirement for a Fullerton India personal loan is Rs.20,000 for self-employed persons (including professionals and non-professionals).
The firm also mentions a criterion based on the candidates’ ages. The minimum age to apply for a Fullerton Personal Loan is 21 years old, with a maximum age of 60 years old. This means that if you are 58 years old and apply for a Fullerton India Personal Loan, the loan will be approved for a maximum of 2 years (i.e., till you reach 60 years of age).
|Particulars||Salaried||Self-Employed/ Working Professionals|
|Age||21- 65 years||21-60 years|
|Minimum Income||Rs.12,500 and above||Rs.15,000 and above|
|Total Experience in Job/Profession||3 years||2 years|
|Current Experience||6 months and above|
|Years of Stay in Current Residence||1 year||1 year|
Fullerton Personal Loan Benefits
Low-interest rates, minimum documentation, and speedy approval are among the benefits and features offered by Fullerton India for its personal loans. Here are some of the primary characteristics of a Fullerton India personal loan that make it the finest choice:
Quick Loan Approval: When compared to other non-banking financial businesses, Fullerton India has one of the fastest loan disbursal rates. Personal loans for pre-qualified customers can be disbursed in as little as one working day, while personal loans for new customers are approved and released within a four-working-day timeframe.
Low-Interest Rates: Fullerton India provides personal loan applicants with affordable interest rates. Because many of Fullerton India’s clients are from smaller towns and semi-urban areas, the company appreciates the need of keeping interest rates low while providing maximum benefits to its customers.
Part-Prepayment Facility: After a minimum of six months, Fullerton India allows part-prepayment on all of its personal loans. For any personal loans repaid after 36 months from the agreement date, Fullerton India does not charge any prepayment fees.
Users who wish to apply for a personal loan with Fullerton India do not need to visit a branch; instead, they may apply for a personal loan online. This type of service not only saves time and provides convenience for the loan application, but it also speeds up loan approval and disbursement, resulting in a win-win situation for both the consumer and the firm.
Dedicated Customer Care: This company offers a customer support helpline that is available 24 hours a day, 7 days a week, allowing users to get detailed information via phone and email.
Fullerton India provides large loan amounts to both men and women borrowers in order to assist them in meeting their financial obligations. The loan amount ranges from as little as Rs.65 to as much as Rs.20 lakh.
For residents of metro and Tier 1 cities, a minimum of Rs.65,000 is required.
For residents of Tier 2, 3, and 4 cities, Rs.50,000 is available.
The maximum amount is Rs.20 lakh, and the minimum amount is Rs.10 lakh.
Women can get a large loan amount from Fullerton at a low-interest rate. To apply for the loan, applicants just simply meet the bank’s eligibility requirements. Women applicants are now eligible for preferential interest rates on loans, making it easier for them to take out loans as needed. The following are the specifics of a personal loan for female customers.
The loan is available to women living in urban, semi-urban, and metropolitan areas.
Loans are offered to female applicants at a lower interest rate than the applicable base interest rates.
- The maximum loan amount that can be applied for is up to Rs.10 lakh.
- The borrowers can take the loan for extended repayment period of up to 5 years or 60 months.
For more details visit the official website.