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    We found 1 Fullerton Personal Loan Eligibility Calculator
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    12.49% - 33% Fixed
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    15L Max
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    Fullerton Personal Loan Eligibility Calculator is Rated as "Pretty good" by 3447 Users

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    Fullerton Personal Loan Eligibility Calculator

    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

    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.

    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.

    Personal Loan Reviews

    • Fullerton Personal Loan
      "They must reduce the interest rate"
      0.5 4.0/5 "Great!"
      I got my loan on time. According to my eligibility, i have got the loan from Fullerton. They have offered me a loan amount of Rs. 2.2 lakhs. I have got the interest rate of 21% which is very high and the processing fee was between 12000 to 16000. I have chosen the tenure period of 5 years. The service provided by Fullerton is really good.
      Was this review helpful? 0
      , guwahati
      Reviewed on Dec 12, 2018
    • Fullerton Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The experience i had with this Personal loan has not been good since the interest rate with them has been around 22% which was quite high. There has been some extra charges which they had made once. But the loan amount which they had provided has been sufficient.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 11, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a good experience i had with this loan and the loan amount which they had provided has been sufficient as well. But the interest rate with them has been a little high when compared with the market rate and there has been some charges with them which is high as well as they charged with the processing fee as well.
      Was this review helpful? 0
      , thane
      Reviewed on Dec 11, 2018
    • Fullerton Personal Loan
      "Process is good. Can work on charges"
      0.5 5.0/5 "Blown Away!"
      The process is fine with Fullerton and the personal loan was provided on a stipulated time. It was as needed too. The processing fee was around 9K initially and finally I was charged around 26K. I received a message for it too. The rate of interest is around 17%.
      Was this review helpful? 0
      , rourkela
      Reviewed on Dec 11, 2018
    • Fullerton Personal Loan
      "Not good because of the interest rates"
      0.5 3.0/5 "Satisfactory"
      They have offered me a huge rate of Interest which is 20%. I have applied the loan amount of Rs. 1.70 lakhs and they have given me the same amount. Processing fee were 3% and its very high. I have paid the EMI of Rs. 5288 and the tenure period is 48 months.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 11, 2018
    • Fullerton Personal Loan
      "Good and fast process"
      0.5 4.0/5 "Great!"
      Actually interest rates are quite high. I received my loan on time. I have applied the loan amount of RS. 2.50 lakhs however they have processed only 1.10 lakhs. When i ask them regarding this, because of the credit usage and other loan they have reduced the loan amount. Documentation process was very easy. Overall, loan process was smooth.
      Was this review helpful? 0
      , amravati
      Reviewed on Dec 11, 2018
    • Fullerton Personal Loan
      "POOR SERVICE"
      0.5 5.0/5 "Blown Away!"
      The loan amount is very lower with the Fullerton Personal Loan also the processing fee is approx is 7k. The processing is quick and easy to get the loan. The duration is for 60months to repay this loan. The rate of interest is of 19.99% it is higher than others.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Dec 08, 2018
    • Fullerton Personal Loan
      "Response should be proactive"
      0.5 4.0/5 "Great!"
      I have received the loan amount, but the fullerton executive to told some documents need to collect from my end but he didn't turned up. I reached them but was no response. Fullerton people gave me the interest rate around 19% I feel its moderate.
      Was this review helpful? 0
      , salem
      Reviewed on Dec 07, 2018
    • Fullerton Personal Loan
      "Easy process"
      0.5 4.0/5 "Great!"
      Paper work in Fullerton is very minimal. I have done the documentation process through online. I never visited their branch and i felt really happy. Within 2 days my loan got approved and the 3rd day the amount was sanctioned into my account. The process was very fast in Fullerton. I had applied the loan amount of 1.50 lakhs and i have got the same.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 05, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      The process in getting this loan has been fine but the loan amount which they had provided has been less than expected but it has not been an issue. The interest rate with them has been quite higher when compared with the market rate. There has not been any sort of additional charges which they had been making.
      Was this review helpful? 0
      , salem
      Reviewed on Dec 04, 2018
    • Fullerton Personal Loan
      " ROI and charges are extremely high"
      0.5 3.0/5 "Satisfactory"
      I have a personal loan with Fullerton. The process is very fast and I got the loan in four to five days. The rate of interest is around 22% which is extremely high and the processing charges is also high. They have charged 11K to 13K. They also debited a pre emi along with the loan which was not informed to me.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 04, 2018
    • Fullerton Personal Loan
      "Recommendable bank"
      0.5 4.0/5 "Great!"
      Bought my personal loan 1 month before. I have applied the loan amount of Rs. 3.80 lakhs but they have provided only 1.60 lakhs. When i asked the customer care regarding this they have said according to my eligibility, this amount only applicable. Due to the server issue, the loan got delayed for one day.
      Was this review helpful? 0
      , vellore
      Reviewed on Dec 04, 2018
    • Fullerton Personal Loan
      "Good Services"
      0.5 5.0/5 "Blown Away!"
      In last November, i have purchased the personal loan with Fullerton. I have applied the loan amount of Rs. 2.66 lakhs. They have charged me a processing fee of Rs. 18000 and GST+ insurance charges. They have offered me a interest rate of 19.99%. I have received the loan on time. The documentation process was easy.
      Was this review helpful? 0
      , rewa
      Reviewed on Dec 04, 2018
    • Fullerton Personal Loan
      "Can work on the interest and charges"
      0.5 3.0/5 "Satisfactory"
      The experience is good at Fullerton and I received the personal loan in 15days. The documentation was taken on time. The loan amount disbursed was 4.60 Lakh and my requirement was five lakhs. The rate of interest offered initially was 19.99% after negotiation I got 18%. The processing charges is around 2% to 3%.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Dec 03, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with FULLERTON INSTITUTION , customer service is up to the mark they follow up so nicely through out the process . They charge nominal rate of interest but they could charge little low processing fee . Other than that, i am really happy with their services .
      Was this review helpful? 3
      , dindigul
      Reviewed on Nov 18, 2018
    • Fullerton Personal Loan
      "Recommendable personal loan"
      0.5 2.0/5 "Expected more"
      I have taken the personal loan with Fullerton 7 months ago. I had applied for the balance transfer because they have provided the highest interest rate and i just want to apply for a new top up also. The loan process is good and the executive were taken care of all the things. They have given me a interest rate 33% which is higher to other companies.
      Was this review helpful? 2
      , chennai
      Reviewed on Nov 17, 2018
    • Fullerton Personal Loan
      "Need to reduce ROI"
      0.5 3.5/5 "Pretty good"
      My experience was good with Fullerton for personal loan, the process was smooth and i received my loan amount within 7-10 days. The loan amount was for Rs 1.58 lacs with high interest rate and the tenure period was for 3 years. Customer service was good with Fullerton and they responded on time.
      Was this review helpful? 3
      , jaipur
      Reviewed on Nov 16, 2018
    • Fullerton Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The rate of interest and charges are satisfactory with Fullerton. I have applied for 2.5L and got 2.30L on my account. The monthly installment is 7,000 rupees through ECS. The documentation process was very normal and they have taken 10 days. The customer service and the response was good.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Nov 16, 2018
    • Fullerton Personal Loan
      "Need to reduce the interest rate"
      0.5 4.0/5 "Great!"
      The communication was good and they have delayed the verification process of my documentation and they have uploaded the data twice in the system. The interest rates were somewhat high and the service charges were lower. I have applied the loan amount of Rs. 1 lakhs and they have chosen the tenure period for 4 years. I have to start from my next month with the amount of Rs 3500.
      Was this review helpful? 1
      , vellore
      Reviewed on Nov 16, 2018
    • Fullerton Personal Loan
      "Need to reduce the rate of interest"
      0.5 5.0/5 "Blown Away!"
      The process was good and they have taken bit longer for the disbursement. The rate of interest is nearly about 27% for the personal which was very high in Fullerton compared to other banks. I opt the loan for 5 years. Monthly installment is Rs.4799 and it will be auto debited from the account.
      Was this review helpful? 2
      , tiruchirapalli
      Reviewed on Nov 16, 2018
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