Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Fullerton Personal Loan Eligibility Calculator
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Fullerton Personal Loan Eligibility Calculator is Rated as "Pretty good" by 3278 Users
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    Fullerton Personal Loan Eligibility Calculator

    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.

    Apply for Personal Loan

    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.

    Personal Loan Reviews

    • Fullerton Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      The Fullerton India took 3 days of time to disburse my personal loan amount. Their service was prompt and I am satisfied with their loan amount. The rate of interest and the charges were high, when compared with other banks. The rate of interest and the charges need to be reduced by Fullerton.
      Was this review helpful? 0
      , belgaum
      Reviewed on Jan 16, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience was good with Fullerton, the loan amount is for Rs 9 lakhs with the nominal rate of interest. The process was quick and i received my loan amount within 1 week. Customer service was good and they provided door step service to collect the documents. I am not aware of the processing fees. The tenure of this loan is 60 months and it was overall a good service from Fullerton.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jan 16, 2018
    • Fullerton Personal Loan
      "Rate of interest to be better"
      0.5 3.0/5 "Satisfactory"
      The customer service and response was good with Fullerton. I am not satisfied with their interest rate. I had taken 1,22,000 rupees for 3years. I am paying monthly 5,570 rupees through online. The part payment and pre closure option is better.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jan 12, 2018
    • Fullerton Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      The rate of interest and processing fee was high with Fullerton. I had applied for 1L but I have received 88,000 rupees. The customer service and response was not average. The executive called the documents but they haven't informed the interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 11, 2018
    • Fullerton Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken Personal loan from Fullerton and it was a good loan experience. The loan amount was for Rs 1.5 lakhs with the rate of interest of 12% which is nominal rate. The process was smooth and i received my loan amount within 1 week. Customer service was good and they provided door step service to collect the documents. The tenure of this loan is 2 years.
      Was this review helpful? 0
      , surat
      Reviewed on Jan 11, 2018
    • Fullerton Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      It was good with Fullerton but they took very long to disburse the personal loan. The rate of interest and the processing charges was too high with Fullerton. They charged 25% as rate of interest. The documentation process was simple.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 11, 2018
    • Fullerton Personal Loan
      "Good service but interest rate to be reduced"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with Fullerton bank before 1.5 years. It is a good bank but the rate of interest was very high. The loan process was very simple and there is no lot of paper works. The customer service and response was very prompt with Fullerton. The rate of interest was 26% for personal loan.
      Was this review helpful? 0
      , kochi
      Reviewed on Jan 11, 2018
    • Fullerton Personal Loan
      "Personal loan with FULLERTON"
      0.5 4.0/5 "Great!"
      I have taken a personal Loan from Fullerton.The approved loan amount was 8 lakhs . The given rate of interest was 14 to 15%. The monthly EMI comes around 24410. the total tenure is for4 years. There was no processing fees.The customer service and response was ok.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 10, 2018
    • Fullerton Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      Rate of interest for the personal loan with the Fullerton was around 20% and the customer service was good one too. I am really happy with the response of Fullerton. Within fifteen days of time, I have got the loan amount from them on immediate basis.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 10, 2018
    • Fullerton Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with FULLERON 4 years back. The loan amount was 3.25 lakhs and the interest rate was 11% which was very high than other banks in the market. The tenure period was 3 years and I had a very good loan process . They have sanctioned the loan wit the committed time.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 02, 2018
    • Fullerton Personal Loan
      "Processing fee is high "
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from FULLERTON INDIA. The approved loan amount was 50000. The interest for 50 thousand was 11%. The monthly EMI which i have to pay was 2550 for 3 years. The processing fee was really high. It comes around 5000 rupees. The documentation done well.
      Was this review helpful? 4
      , indore
      Reviewed on Dec 22, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The rate of interest and the charges are very with Fullerton India personal loan services. I have got the personal loan with the Fullerton around 7 years ago. They have disbursed the loan amount within a week time and this loan has the tenure of 3years. The processing fee and for the insurance process they have charges around Rs,10,000 in my personal loan amount.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Dec 18, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 3.5/5 "Pretty good"
      The loan amount offered by Fullerton personal loan department was 80k ,I feel the rate of interest they offered me was little high compared to others ,the documents have been collected from my door step. The customer support was prompt it was a good experience with Fullerton personal loan department.
      Was this review helpful? 1
      , kanpur
      Reviewed on Dec 14, 2017
    • Fullerton Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am having the personal loan with the Fullerton and the interest rate is huge one. The loan amount got disbursed within fifteen to twenty days of time. Response and other things are really good one with the Fullerton.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 14, 2017
    • Fullerton Personal Loan
      "Not bad"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan with FULLERTON. The loan process was quick but after 2 weeks only they have sanctioned the loan. I have taken 1 lakhs and the interest rate was 34% which was very high comparing to other banks in the market. They did not provided door step service for collecting document which was bit disappointing and the processing fee was 17,000.
      Was this review helpful? 2
      , belgaum
      Reviewed on Dec 09, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have my personal loan with FULLERTON. The customer service and responses was up to the mark. The loan amount was 4.75 lakhs and the interest rate was 18.5% which was very high They have sanctioned the loan with the committed time but the processing fee was 2.5% . My overall experience was good.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 08, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Fullerton .They have given the loan amount.I got a good experience banking with them. They had immediately responded to my request and shared the complete details.Net banking is convenient to make the payments.
      Was this review helpful? 0
      , aurangabad
      Reviewed on Dec 08, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Fullerton. The loan amount is 1.57 lakhs,rate of interest is 13% low as compared to other banks.They had processed the request within 25 days.I make payments through ECS.The executives had shared the complete details.
      Was this review helpful? 0
      , nanded
      Reviewed on Dec 08, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The loan disbursement was done within 10 to 12 days of time from Fullerton. The executives haven't came to my place to collect the documents, I went their office to submit the required documents. I haven't got the required loan amount from Fullerton. The customer support is average with Fullerton.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 07, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      The loan process was faster with Fullerton . Rate of interest was high compared to other banks. They charged processing fee around 4000 rupees. First I submitted the documents on online and again hard copy was given to the branch. There was one delay on the loan disbursement on the promised date.
      Was this review helpful? 0
      , madurai
      Reviewed on Dec 06, 2017
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