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 Interest Rates
    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 Interest Rates is Rated as "Pretty good" by 3289 Users
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    Fullerton Personal Loan Interest Rates

    About Fullerton Personal Loan

    From renovating your home and going on a vacation abroad to buying gadgets and planning a wedding, personal loans offered by Fullerton can help you fulfil your dreams. You can acquire a personal loan by simple documentation and hassle-free processing offered by Fullerton. You can choose a loan tenure from 1 to 4 years and avail of attractive personal loan interest rates. Customers do not have to hypothecate any assets to avail of a personal loan from Fullerton India.

    Fullerton Personal Loan Interest Rates

    Personal loan offered by Fullerton depends on several factors such as a customer’s credit history, monthly income and repayment capacity among others. Fullerton personal loan interest rate 2015 ranges from 12.75% to 35%. Customers can repay their personal loan in equated monthly installments (EMIs). At the time of booking of a personal loan, Fullerton will calculate the EMI based on the loan amount approved, interest rate and tenure.

    Fullerton Personal Loan Interest Rate Table:

    Fullerton Personal Loan Interest Rates 2018

    Particulars Salaried Self-Employed
    Interest rate 20% p.a. to 49% p.a. 20% p.a. to 49% p.a.
    Loan Amount Maximum: Rs.20 lakh Maximum: Rs.30 lakh
    Loan Tenure Minimum: 12 months
    Maximum: 48 months
    Minimum: 12 months
    Maximum: 48 months
    Lowest EMI NA NA
    Processing Fee Up to 6.5% of the loan amount Up to 6.5% of the loan amount
    Age Minimum: 21 years
    Maximum: NA
    Minimum: 21 years
    Maximum: NA
    Prepayment/Foreclosure Charges Within 6 months from the Agreement Date: 7.00%
    From 7 months to 17 months from the Agreement Date: 7.00%
    From 18 months to 23 months from the Agreement Date: 5.00%
    From 24 months to 35 months from the Agreement Date: 3.00%
    After 36 months from the Agreement Date: No charge
    ? Within 6 months from the Agreement Date: 7.00%
    From 7 months to 17 months from the Agreement Date: 7.00%
    From 18 months to 23 months from the Agreement Date: 5.00%
    From 24 months to 35 months from the Agreement Date: 3.00%
    After 36 months from the Agreement Date: No charge

    How to Calculate Interest/ EMI on my Fullerton Bank Personal Loan?

    Equated Monthly Installment or EMI for short is the amount paid to the bank every month until the loan is completely paid. EMI comprises the interest on loan in addition to the principal to be repaid. The sum of principal and interest is divided by the tenure of the loan. Top rate aggregator websites such as bankbazaar.com provide a personal loan EMI Calculator which helps customers calculate the exact EMI which needs to be paid. All a customer has to do is enter the details of loan amount, tenure, interest rate applicable and processing fee, if any and click ‘calculate’. The customer will then find all the required information such as amortization figures and loan repayment figures for a specific loan amount.

    An amortization table provide a breakdown of loan repayment, i.e, principal and interest for a specific loan amount. The amortization table displays each payment to be made after principal is deducted resulting in new balance after each payment.

    For instance, Sudeep Varma, a 33-year-old marketing executive, takes a personal loan of Rs.5 lakh at an annual interest rate of 17.25%. Varma opts for a repayment tenure of 4 years. Varma, therefore, has to pay an EMI of Rs. 14,492 per month. The amortization table is as follows:

    YearPrincipal paid (Rs)Interest paid (Rs)Balance amount (Rs)
    Year 194,93178,9774,05,069
    Year 21,12,66561,2422,92,404
    Year 31,33,71240,1951,58,692
    Year 41,58,69215,2160
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    Factors affecting your Fullerton Personal Loan Interest Rates

    There are various factors which affect interest rates offered on Fullerton personal loan as listed below.

    • Loan tenure: Interest rate offered by Fullerton depends upon the loan tenure chosen by customers. If the customer opts for a short loan tenure, the bank is most likely to charge a higher interest rate as compared to loans offered on longer tenures.
    • Repayment capacity: The repayment capacity of a borrower is of seminal importance. Banks usually provide personal loans up to 10 times the monthly salary of a customer. Banks check the CIBIL score of an applicant to determine his repayment capacity.
    • Relationship with Fullerton: If a customer has a good rapport with his or her bank, there is no trust deficit. The bank can, therefore, reduce the interest rates offered to a privileged customer. Also, a customer with a long-standing relationship with the bank can negotiate a lower interest rate for acquiring a personal loan.
    • Employment details: The employment history and profile of a customer are one of the factors which determine the interest rates offered by Fullerton. Salaried individuals may be offered lower interest rates as compared to those who are self-employed, in most cases.

    Note: Fullerton can alter its Interest rates at its discretion.

    How CIBIL score affects Fullerton Personal Loan Interest Rate?

    CIBIL score reveals an individual’s repayment capacity and credit history. A robust CIBIL score will boost the chances of a loan applicant to acquire a personal loan at competitive interest rates. If loan applicants have a low CIBIL score, they are unlikely to get their loan approved. If Fullerton decides to approve a loan request by an individual who has a low credit score, the interest rate charged on the loan may be higher compared to those who have a good credit score.

    Key things about Fullerton Personal Loan Interest Rates

    Before applying for a personal loan by Fullerton, you would do well to examine the following factors:

    • If you are an existing customer of Fullerton, you will get additional benefits on the processing time and interest rate. Customers can also avail of a pre-qualified top-up on existing principal outstanding.
    • To avail of a personal loan by Fullerton, you do not need a guarantor.
    • Banks do not raise their interest rates immediately when RBI raises the repo rate. In some cases, a bank will be reluctant to pass on the increased repo rate to its customers if it has had a lean growth rate in the recent past. Banks analyze their liquidity and cost of funds before passing on the hike in repo rate to their customers by way of increased interest rates on personal loans.
    • Banks offer personal loans to both salaried individuals and self-employed individuals. The applicable interest rate will depend on the credit score of an applicant and regular income among other factors.

    Fullerton Personal Loan Interest Rates Reviews

    • Fullerton Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with Fullerton. They offered a interest rate of 12.5%. The loan experience was good. I have taken 1,50,000 for 6 years. The EMI payment is 6,461 rupees by cash. The executive came to my place and collected the documents.
      Was this review helpful? 0
      , guntur
      Reviewed on Jan 20, 2018
    • Fullerton Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      The customer service and response was good with Fullerton. The interest rate was okay, they charged more than 11%. The processing fee was around 13%. They have offered only 1L and have to pay monthly around 3000 rupees through ECS. The documents were collected by the executive on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The required loan amount was not disbursed by Fullerton. They took around 10days of time to disburse my loan amount. The customer support was good with the Fullerton service. The rate of interest and the charges are very high with the Fullerton when compared with others.
      Was this review helpful? 0
      , guntur
      Reviewed on Jan 19, 2018
    • Fullerton Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I have got the loan amount within 5 days of time from Fullerton. The customer support is good with the Fullerton, they came to my place to collect the documents on time. The required loan amount has been approved and I am satisfied with it. The rate of interest and the processing fee was high with the Fullerton when compared with others. The disbursement amount is very low than the approved loan amount.
      Was this review helpful? 0
      , korba
      Reviewed on Jan 19, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      Overall personal service was good with the Fullerton, they came to my place to collect the documents on time. The required loan amount has been disbursed and I am satisfied with it. The rate of interest and the charges are very high with the Fullerton when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 18, 2018
    • Fullerton Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The personal loan got processed with in a week time from Fullerton. The rate of interest and the charges are high with the Fullerton. I am satisfied with the loan amount, because they have approved my required loan amount. The customer support was good with the Fullerton service.
      Was this review helpful? 0
      , malda
      Reviewed on Jan 17, 2018
    • 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
      "Good One"
      0.5 4.0/5 "Great!"
      The customer service was good from the FULLERTON side , it was quick process . The money got Disbursed within 48 hours of time as after the approval . It was a Full approval i got from the bank side . the rate of interest was high 19.5% i am not happy with that .The processing fee was there of 1 or 2% . The Fullerton gave me Pre closure and part payment is there on the loan .
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Dec 29, 2017
    • Fullerton Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Fullerton .The loan amount is eight lakhs,Rate of interest is nominal as compared to other banks.The customer service is good and they responded on time for the request.I am totally happy with the service of the bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 29, 2017
    • 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
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