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    Fullerton Personal Loan Eligibility Calculator

    We found 1 Fullerton Personal Loan Eligibility Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
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    Good to Know
    Eligibility Criteria

    Fullerton Personal Loan Eligibility Calculator is Rated as "Pretty good" by 2947 Users

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    About Fullerton India Personal Loan

    Fullerton India personal loans offer a quick and easy way to secure the finance you need to meet those large obligatory expenses that arise in our lives like weddings or family vacations, and even those that take us by surprise like emergency hospitalizations. Personal loans from Fullerton India are totally unsecured, needing absolutely no collateral or guarantor, and offer unmatched flexibility in terms of what the loan can be used for. They have a quick loan application and approval process, and offer excellent repayment terms and interest rates.

    Fullerton Personal Loan Eligibility for Salaried and Self-employed Applicants

    Particulars Salaried Self-Employed
    Age(Min-Max) 21 – 58 years 21 – 60 years
    Minimum Income Taxable income. Taxable revenue turnover for both individual and business.
    Co-applicant Not required Not required
    Loan Tenure 12 – 48 months 12 – 48 months
    Maximum Loan Amount Rs.20 lakh Rs.30 lakh
    Employment/Business Continuity 3 years of continued employment. 3 years of continued business with taxable returns.
    CIBIL Score 750 and above 750 and above

    Factors affecting Eligibility of Fullerton India Personal Loans

    The primary factor that affects a borrower’s eligibility is his/her ability to repay the loan. Lenders judge this through a variety of parameters, like:

    • City of residence. From the point of view of the lender, personal loans are more easy to approve in cities like Bangalore, Delhi, Chennai, Mumbai, Kolkata, etc.
    • Income. Lenders don’t approve loans whose EMIs will be more than 50% of your take home salary, per month. The more you earn, the more you’ll be able to pay back in the form of EMIs.
    • Your age. If you’re too young, you’re a risky candidate as young salaried people shift jobs often to exploit opportunities. Older applicants between the ages of 26 – 40 who’ve been working steadily for a few years are more eligible, as they’re more stable.
    • Duration of stay in current location. The longer you’ve been living in a certain place, the higher are the chances of getting a personal loan approved on your terms. Fullerton India will give more preference to applicants who’ve lived in the city for over 2 years, even though the minimum criteria for eligibility is 1 year.
    • Employment status. Simply having a job doesn’t make one eligible for a loan from Fullerton India. Having a few years of work experience from the same employer shows stability and reliability, increasing your eligibility.
    • Residence type. Applicants who live in a residence that’s owned by them are more likely to get a loan approved, and on better terms. This is because there’s no part of their income being spent on rent. People living in rented houses must pay an amount of their salary as rent, lowering the disposable income left over to pay EMIs. Also, it’s easier for a person living in a rented place to abscond in case they feel they cannot keep up with EMI payments.
    • Type of employment: Salaried professionals and employees get regular incomes on fixed dates and can have EMIs due deducted directly from their salary accounts. Self-employed people must rely on market conditions and the demand for their products in order to earn an income. This is an inconsistent income that may sometimes not even be enough to meet the EMI payment requirement.

    How CIBIL score affects your Fullerton India Personal Loan Eligibility?

    While a CIBIL score of over 750 will make you eligible for a Fullerton India personal loan, scores closer to 900 will help increase eligibility, as this score is a direct representation of your creditworthiness.

    In the past, if you’ve been unable to repay your loan and have arranged for a settlement with the bank, it will considerably reduce your eligibility.

    Your previous loan and credit card repayment history will also play an important role in instilling confidence in Fullerton India that you can and will repay your personal loan. A ratio that shows you’ve taken more secured loans than unsecured loans works in your favor.

    How to increase Fullerton India Personal Loan Eligibility?

    • Maintain a good mix of secured and unsecured loans. Secured loans are looked at more favourably.
    • Lower EMIs on existing loans. Taking loans for longer tenures reduces the EMIs paid monthly, thus showing that you have more funds to pay back your Fullerton India personal loan with.
    • Prepayment. Paying off your existing loans before taking a new one is highly advised. A lump sum prepayment will settle your existing loan, increasing your eligibility for your new Fullerton India personal loan
    • Don’t over-leverage yourself. Overleveraging is when you take on more loans than you can repay. If you have 2 – 3 EMIs being deducted from your account, Fullerton India will not help you to add one more, until you’ve finished honoring all your payments.
    • Maintain a clean credit history. Ensure that you always clear your debt, on time and on the terms you’ve agreed on with the lender. This increases your CIBIL score, and eligibility.

    FAQs on Fullerton India Personal Loan Eligibility

    Q. What are the age limits for individuals who wish to get a personal loan from Fullerton India?

    A. For salaried individuals: Applicants must be between 21 and 58 years of age to apply for a Fullerton India personal loan.

    For self-employed and salaried professionals:Applicants must be between 21 and 60 years of age.

    Q. What is the level of work experience required for salaried individuals who wish to take a Fullerton India personal loan?

    A. Applicants must have been employed for a minimum total of 3 years with the current employer.

    Q. What is the income requirement for people who wish to take a Fullerton India personal loan?

    A. For salaried individuals:Regular income of at least Rs.12,500 per month.

    For self-employed and salaried professionals: Regular income of at least Rs.15,000 per month.

    Q. Is there any collateral or guarantor required for Fullerton India personal loans?

    A. No, there is no security, collateral or guarantor required to avail a personal loan from Fullerton India.

    Q. What is the maximum loan amount that can be sanctioned through Fullerton India personal loans?

    A.Loans are sanctioned up to Rs.20,00,000 for salaried individuals and up to Rs.30,00,000 for self-employed individuals and professionals.

    Q. Are there any foreclosure options on personal loans for Fullerton India?

    A. Foreclosure or prepayment is possible after 6 months of regular EMI payments.

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  • Personal Loan Reviews

    • Fullerton Personal Loan
      "High Rate of Interest"
      0.5 4.0/5 "Great!"
      I had processed my personal loan with Fullerton. I did not find any trouble with Fullerton while processing the loan. But only drawback is the rate of interest. I am not actually happy with interest rate because it is very high when compared with other banks. Customer service is better.
      Was this review helpful? 0
      , chennai
      Reviewed on May 20, 2017
    • Fullerton Personal Loan
      "Excellent "
      0.5 4.0/5 "Great!"
      Within one or two weeks of time, I have got the personal loan with the Fullerton, also they have done the process in the rapid manner. In ten to fourteen days of time, the loan amount got disbursed to my account. Response and other aspects are good one with them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2017
    • Fullerton Personal Loan
      "Just okay"
      0.5 2.0/5 "Expected more"
      Rate of interest with the Fullerton was very high for the perrsonal loan. Customer service was good one with them and they have contacted me immediately. Within two days of time, I got the loan amount to be credited to my account. I would like to suggest that they should be trransparent while it comes to processing charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 19, 2017
    • Fullerton Personal Loan
      "Wonderful "
      0.5 5.0/5 "Blown Away!"
      Experience was nice one for the personal loan with the Fullerton and the loan amount got disbursed within ten days of time. Processing charges were around 7000 Rupees with some taxes. Services and other aspects are good with them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My experience was good with the Fullerton for the personal loan, which I had taken. Rate of interest was around 16.99% . Customer service was a good one with them and the loan amount got disbursed within three days of time. There are no suggestion to Fullerton.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2017
    • Fullerton Personal Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      Rate of interest rate was not really clear from my end for the personal loan, which I got from Fullerton. There are no issues with the Fullerton and the loan amount got disbursed within a month of time and documentation process also went in the nominal way. Rate of interest is little bit high with the Fullerton.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2017
    • Fullerton Personal Loan
      "Not Recommendable"
      0.5 1.5/5 "Bad"
      Initially the personal loan had not been accepted by Fullerton saying I have some problem with credit score. So I checked with CIBIL forum where they said my credit score is good and no problem on it. So again reverted back to Fullerton but they said they received negative feedback from HDFC. So I wrote an email to HDFC manager but they informed me that they never produced any kind of negative feedback about me. At last Fullerton processed the loan and almost it took around one to two months to complete the process. Interest rate is very very high with them, which is close to 40%. At that time, I was in medical emergencies so I took the loan with high interest rate. Actually I applied for 60 thousand but they given 70 thousand with near to 40% of interest rate for 4 years. Even after disbursement, they did not inform me the status of the loan on time, again it was delayed to know the status itself.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 18, 2017
    • Fullerton Personal Loan
      "Average "
      0.5 4.0/5 "Great!"
      Rate of interest rate was around 27% for the personal loan with the Fullerton and the customer service was fine one . Within a month of time the loan amount got credited to the account. There are no worries with them Fullerton with respect to personal loan.
      Was this review helpful? 0
      , chennai
      Reviewed on May 17, 2017
    • Fullerton Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      For my personal loan , the rate of interest is very high like 26% with Fullerton. The response and the follow up was good with Fullerton. They took around more than 20 working days to disburse my loan, because within this 20 days they have done documentation part and verification process. I had applied for 2 lakhs loan but I received 1.4 lakhs.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 16, 2017
    • Fullerton Personal Loan
      "Perfect service"
      0.5 5.0/5 "Blown Away!"
      Personal loan got approved and disbursed with Fullerton. The response was pretty good with Fullerton. The documentation process went well and then they took around 4 working to disburse my personal loan. The rate of interest is bit high when compared with others. Over all the service with Fullerton was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 16, 2017
    • Fullerton Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      In concern to my personal loan , the rate of interest is very high with Fullerton. The response and the follow up was good with Fullerton. They took around more than 20 working days to disburse my loan, because within this 20 days they have done documentation part and verification process. Overall the service is very good with Fullerton.
      Was this review helpful? 0
      , chennai
      Reviewed on May 15, 2017
    • Fullerton Personal Loan
      "Good service with High interest rates"
      0.5 5.0/5 "Blown Away!"
      Fullerton gave excellent service in concern to my personal loan application. They took around 1 week 10 days to disburse my personal loan. Fullerton has done the process within promised period of time. The rate of interest is high , when compared with other financial institutions. The basic processing fee has been charged for my personal loan. They can decrease the rate interest in future.
      Was this review helpful? 0
      , chennai
      Reviewed on May 15, 2017
    • Fullerton Personal Loan
      "Not Transparent"
      0.5 1.0/5 "Really Bad"
      For the personal loan of 2,09,000 for 4 years, Fullerton had quoted very high interest rate, also they had charged high processing fee. Not only that, their way of customer handling and their services are not good. My experience with Fullerton is really not good and I am not satisfied. Actually they are not transparent, they are charging a lot unnecessarily. Even I had submitted all the documents they were simply charged me for documents saying documents charges. Only because of an emergency requirement, I availed the loan from Fullerton.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 13, 2017
    • Fullerton Personal Loan
      "DISSATISFIED"
      0.5 2.5/5 "Just OK"
      Fullerton has offered me the highest interest rate of 19.50% where in online it was 18.50% same goes for processing fee and charges they have charged me 11500 where in online they said 8500 loan mount I have opted for 3.60 laks It is not recommendable
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 13, 2017
    • Fullerton Personal Loan
      "High Rate of Interest"
      0.5 4.0/5 "Great!"
      The sales manager called John from Fullerton helped me in taking the personal loan. The loan process went good and I got good service from them. Interest rate is something very high and it is incomparable with any other banks, which is 37% and the processing fee is 2700.
      Was this review helpful? 1
      , nagercoil
      Reviewed on May 13, 2017
    • Fullerton Personal Loan
      "Quick process"
      0.5 5.0/5 "Blown Away!"
      My personal loan is from Fullerton and the process is quick . The executive came over and collected my papers and the disbursement happened on time. The rate of interest was of 20.5% and the process charges was high too. I am happy that I got the loan when I needed it.
      Was this review helpful? 0
      , sivakasi
      Reviewed on May 12, 2017
    • Fullerton Personal Loan
      "High on ROI & charges"
      0.5 4.0/5 "Great!"
      In a rapid speed Fullerton processed my personal loan request,. After the submission of my documents, the team did not take a long time to disburse the funds. The rate of interest was around 17% which was very high and the processing charges was of 4.5% which is of 12K and this is for the loan amount of one lakh.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 12, 2017
    • Fullerton Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      Fullerton processed my personal loan within ten days. The process was good as they came over and collected my documents on time. I received a loan amount of 1.50 Lakh. The rate of interest was around 18% and the processing charges was high, it was of 9K.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 11, 2017
    • Fullerton Personal Loan
      "Dissatisfied service"
      0.5 2.0/5 "Expected more"
      I am not happy with Fullerton service , Whenever I tried reach their customer service, they never responded to my call and I haven't received any notification from them. Earlier they have committed the interest rate of 16% but they sanctioned the loan with the interest rate of 28% it is high. Through online when I was running the eligibility it showed 2.5 lakhs of loan amount but they approved only 1.5 lakhs, I am totally disappointed with their service, I would like to do the balance transfer after six months.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 11, 2017
    • Fullerton Personal Loan
      "Better Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a personal loan from Fullerton. I received a good service. The rate of interest for the loan is 37%. While getting the loan amount, I found the shortage for 15000 and I did not receive any intimation from Fullerton for the shortage. Even I did not receive any papers for the loan I had taken.
      Was this review helpful? 0
      , siliguri
      Reviewed on May 11, 2017
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