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    Fullerton Personal Loan Interest Rates

    Fullerton India offers personal loans to eligible customers at attractive interest rates. Personal loans are used to meet urgent personal expenses. Read further to find out Fullerton personal loan interest rates, processing fees, and other charges.

    We found 1 Fullerton Personal Loan Interest Rates
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
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    Fullerton Personal Loan Interest Rates is Rated as "Pretty good" by 3453 Users

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    Personal Loan BYTES FROM OUR KITCHEN
    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

    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.

    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:

    Year Principal paid (Rs.) Interest paid (Rs.) Balance amount (Rs.)
    Year 1 94,931 78,977 4,05,069
    Year 2 1,12,665 61,242 2,92,404
    Year 3 1,33,712 40,195 1,58,692
    Year 4 1,58,692 15,216 0

    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
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Fullerton and my experience was good, the loan amount was sufficient and the rate of interest was high when compared to others. Customer service was good and they responded on time. Tenure period for this loan is for 4 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 17, 2019
    • Fullerton Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience with this Personal loan has been quite good and the process went pretty smooth. The loan amount has been sufficient and the interest rate with them has been nominal as well. There has been some processing fee which they had charges and it has been nominal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 10, 2019
    • Fullerton Personal Loan
      "Average service"
      0.5 1.5/5 "Bad"
      I have been using my personal loan with Fullerton ,the loan amount was sufficient they have given me, but they have charged too high rate of interest and even processing fee was high , compare to government bank they are charging too high charges, and now i have close this loan successfully.
      Was this review helpful? 2
      , ghaziabad
      Reviewed on Jan 08, 2019
    • Fullerton Personal Loan
      "Average Service"
      0.5 3.5/5 "Pretty good"
      The experience with this loan has been quite good and the process has been quite simple. The loan amount has been sufficient and the interest rate with them has also been nominal when compared with the market rate. There has been some processing fee and other than that there has not been any other charges.
      Was this review helpful? 3
      , jamshedpur
      Reviewed on Dec 20, 2018
    • Fullerton Personal Loan
      "High interest rates"
      0.5 3.0/5 "Satisfactory"
      I was looking for a loan and with the help of On-line sources i applied for it. My application was taken care and there was no delay. But the interest rates which i have on my loan amount is bit high i feel. Its somewhere around 15% and thats really high. If the interest rates comes down a bit it will be a great help.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Dec 15, 2018
    • 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? 3
      , 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? 1
      , 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? 2
      , 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? 1
      , 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? 1
      , 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? 1
      , 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? 4
      , dindigul
      Reviewed on Nov 18, 2018
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