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
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option 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 3020 Users

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    Promised Interest Rate

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    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 2017

    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
    Fullerton Personal Loan Offers

    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.
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  • Fullerton Personal Loan Interest Rates Reviews

    • Fullerton Personal Loan
      "They have to work on service part"
      0.5 1.0/5 "Really Bad"
      I have not received any updates from Fullerton India what was going on, I keep on checking about my personal loan application status, they was no response. I thought it was under process, finally after a month I came to know my loan application got rejected. Fullerton India should provide time to time update through any kind of communication.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 22, 2017
    • Fullerton Personal Loan
      "Need to reduce the interest rate"
      0.5 1.0/5 "Really Bad"
      The Fullerton India is charging very high interest rates they are offering the Personal loans for almost 24% interest rate , which is double than normal banks interest rate, so that was the reason I haven't proceed with Fullerton India personal loan. The customer service and the response was good with Fullerton. I would like to say that Fullerton can reduce the interest rates in future.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 21, 2017
    • Fullerton Personal Loan
      "No Proper Response"
      0.5 1.0/5 "Really Bad"
      I applied for the personal loan with Fullerton. Then I had received a call from them where they said that they cannot provide the loan for me. Even everything is good like the credit score and the documents all are eligible for the loan but the bank did not provide the loan for me also not disclosed the reason for the same.
      Was this review helpful? 0
      , mysore
      Reviewed on Jun 20, 2017
    • Fullerton Personal Loan
      "Average Average "
      0.5 3.0/5 "Satisfactory"
      I have got the personal loan with the Fullerton with the interest rate as 17%, also the customer service was kind of okay. I would like to say that the loan amount got disbursed within ten to fifteen days of time. I am okay with the rate of interest.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 19, 2017
    • Fullerton Personal Loan
      "Communication part has to be improved"
      0.5 3.0/5 "Satisfactory"
      I have submitted all the documents to Fullerton, then there was no proper coordination on my loan process. No body have called me to inform about the application status. It would be good, if they give proper response to the customer's request that would be great.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2017
    • Fullerton Personal Loan
      "Quick process and high ROI"
      0.5 5.0/5 "Blown Away!"
      My experience with Fullerton was excellent. I got the personal loan within a week and also the amount as needed. The customer services and response was on time as I got updates. The interest rate was a bit high, it was of 17% and so was the processing charges. But for an emergence purpose one can use this.
      Was this review helpful? 0
      , ujjain
      Reviewed on Jun 17, 2017
    • Fullerton Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I felt Fullerton India interest rate is high but I am okay with that, my loan process was nominal. I got my loan amount from the bank without any hassles. Loan approved was around Rs.81,000 amount got credited around Rs.69,700, I am very much happy with their service.
      Was this review helpful? 0
      , cuttack
      Reviewed on Jun 16, 2017
    • Fullerton Personal Loan
      "Average "
      0.5 4.0/5 "Great!"
      I took the personal loan from Fullerton and the interest rate was around 22% and I want to close it because of some EMI date issues. Customer service is not really satisfactory also payment is not reflected on their system on an immediate basis, also I used to get calls a number of times for making the payment , though I have made it.
      Was this review helpful? 0
      , hosur
      Reviewed on Jun 16, 2017
    • Fullerton Personal Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      Interest rate was around 18.5% for the personal loan with the Fullerton and the loan amount got disbursed within two days of time. The response and other aspects are good one, also all things went in the good way. I got the loan on time itself.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 16, 2017
    • Fullerton Personal Loan
      "Interest rate and charges has to be reduced"
      0.5 3.0/5 "Satisfactory"
      Fullerton charged me high interest rate, they charged me around 21% of interest, where other banks are providing 16% of interest. When I checked the Fullerton interest rate in the online channel, it showed 19.5% as fixed interest, while processing my loan application with Fullerton, they charged around 21% it was very high and for Rs.2.4 lakhs of loan they taken Rs.14,000 as processing fee, insurance and other charges.
      Was this review helpful? 0
      , hosur
      Reviewed on Jun 15, 2017
    • Fullerton Personal Loan
      "Interest rate and charges has to be reduced"
      0.5 4.0/5 "Great!"
      Everything went fine, apart from the interest rate and charges was too high. I took the loan amount of Rs.5.20 lakhs but the amount credited only Rs.4.97 lakhs nearly Rs.25,000 they deducted for processing fee and other charges . Fullerton charged 18.5% of interest it is high, if its better if they reduce the interest rate and charges that would be convenient to all.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jun 15, 2017
    • Fullerton Personal Loan
      "Customer friendly service"
      0.5 5.0/5 "Blown Away!"
      Fullerton offered me a reasonable interest rate, they were very prompt and they explained everything very patiently. I had taken the amount of one lakh with an interest around 11.9% its for the tenure of four years. I am very fine with Fullerton, I don't have any issue till date.
      Was this review helpful? 0
      , pondicherry
      Reviewed on Jun 14, 2017
    • Fullerton Personal Loan
      "Could reduce the rate of interest"
      0.5 3.5/5 "Pretty good"
      Rate of interest was around 21% to 22% for the personal loan with the Fullerton and the customer service was a kind of okay. Response was good one with the Fullerton. Customer service was fine one with the Fullerton. I have expected around 16% to 17%.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 14, 2017
    • Fullerton Personal Loan
      "Efficient Employee"
      0.5 4.0/5 "Great!"
      I had received good response from Fullerton when I approached them for the personal loan. The rate of interest is little bit high with them. But my application got approved in the beginning and it was rejected and again it got approved, I do not know what happened exactly. But the person who was looking after my application was very prompt. His name is Mr.Rakesh, he is so efficient in working on the loan process. I would like to give good ratings only because of Mr.Rakesh and his service. I would say that the work has been done graphically but the initial momentum was very slow with Fullerton.
      Was this review helpful? 0
      , ranchi
      Reviewed on Jun 12, 2017
    • Fullerton Personal Loan
      "Excellent "
      0.5 4.0/5 "Great!"
      Fullerton had offered the rate of interest as 25% and that's why I had not taken the personal loan from them. I am expecting the rate of interest to be around 15%. In future, if Fullerton offers the least interest rate , I would like to opt for their services.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jun 10, 2017
    • Fullerton Personal Loan
      "Best service provider"
      0.5 3.5/5 "Pretty good"
      Rate of interest for the personal loan with the Fullerton was around 22%, which was okay for me. The loan amount got disbursed within fifteen to twenty days of time. Response is good one with them and the verification was done in a very good way with them. Processing charges were really huge with them.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 08, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan with the Fullerton because I got the offer only with them. Rate of interest was around 19% , also am happy with them. Processing charges were around 1100 Rupees and the loan amount got disbursed to my account within three days of time.
      Was this review helpful? 2
      , hosur
      Reviewed on Jun 08, 2017
    • Fullerton Personal Loan
      "Better "
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Fullerton and the interest rate is around 17%, which is really huge and the loan amount got disbursed within a month of time. Processing charges were too huge with the Fullerton. Rate of interest is the major constraint.
      Was this review helpful? 1
      , hosur
      Reviewed on Jun 06, 2017
    • Fullerton Personal Loan
      "Interest rate should be reduced"
      0.5 5.0/5 "Blown Away!"
      Overall customer service of Fullerton India is good, they are very helpful to the customers. They gave me clear information about the loan process. Previously I took the loan for one lakh, now I done the top up of Rs. 4 lakhs. Interest rate is high but they helped it on right time.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 05, 2017
    • Fullerton Personal Loan
      "Its Average"
      0.5 3.0/5 "Satisfactory"
      I felt Fullerton India interest rate was high they have offered me 17% of interest on personal loan. Then I gone with YES bank offer, they gave me the loan for the interest of 11.51% it is nominal. Everything is good in Fullerton India only concern about the interest rate.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 01, 2017
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