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
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Fullerton Personal Loan Interest Rates is Rated as "Pretty good" by 3257 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 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
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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
      "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? 1
      , 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? 0
      , 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
    • Fullerton Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      My personal loan was taken with Fullerton Bank through online portal. The rate of interest was 18%, which was very high compared to other banks. I have submitted my documents online. The process was faster and paperless approval. I make the payment through ECS.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 06, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The loan experience was good with Fullerton. The customer service has called me on time and provided the information. The documentation process was easy and provided a doorstep service. The rate of interest was little bit more compared to other banks. They have sanctioned the loan on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 05, 2017
    • Fullerton Personal Loan
      "Interest and charge should be reduced"
      0.5 4.0/5 "Great!"
      The concern person who approved my loan, he told my interest was around 16 to 18% but finally Fullerton charged me 21% of interest and also they charged me Rs. 9000 as a processing fee. I applied for Rs. 1.70 but they only approved Rs. 1 lakh, amount credit around Rs. 91,000 from the account.
      Was this review helpful? 0
      , kolkata
      Reviewed on Dec 05, 2017
    • Fullerton Personal Loan
      "Looking for better interest Rate"
      0.5 5.0/5 "Blown Away!"
      They are very helpful, Fullerton executive coordinated well with me for the personal loan process. But interest high was very high they charged around 33% of interest, for the loan amount Rs. 1.25 lakh it has the tenure period of five years. It would be great if they reduce the rate of interest.
      Was this review helpful? 0
      , guwahati
      Reviewed on Dec 05, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with Fullerton. The customer service was okay, after document collection the process has been delayed. After one week they did the disbursement. The rate of interest was bit high and they charged processing fee. I can pay EMI of 2400 rupees rather paying 52 days broken interest fee around 4000 rupees. There was no proper intimation.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      The loan process was good with Fullerton . The customer service and response was satisfactory. They had sanctioned the loan on time. I have taken 1L and 4K, for EMI charging 4800 rupees. It was paid through net banking. The rate of interest was little bit on the higher side when compared to other bankers.
      Was this review helpful? 0
      , mangalore
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Good service but interest rate to be reduced"
      0.5 5.0/5 "Blown Away!"
      The rate of interest was high compared to other banks otherwise I don't have any issues with Fullerton. They processed the loan very fast and informed properly. The customer service and response was good. They have offered around 1.68L. The documents are submitted to the branch directly.
      Was this review helpful? 0
      , vellore
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Documentation process should be simpler"
      0.5 3.0/5 "Satisfactory"
      I have lots of issues with Fullerton India, I undergone with lots of documentation process, I had tough time with them. But I would say their Interest rate is nominal for the personal loan. I would like to suggest their loan process and authentication should be simpler.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Fullerton India done a quick process, within four days they sanctioned the loan amount. Initially they told my EMI amount is around Rs.5883, but now Fullerton executive told it would be around Rs. 6600. I am not sure about my EMI amount at all and I didn't loan statement. I took the 1.55 lakhs for the tenure of 48 months.
      Was this review helpful? 2
      , salem
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I have applied personal loan for Rs,1,50,000 but I have got Rs,1.0,100. The customer support was good with the Fullerton, The service was good with the Fullerton personal loan concern. The rate of interest was 13% which is very high when compared with other banks.
      Was this review helpful? 0
      , jabalpur
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Needs to improve on Customer Service"
      0.5 1.0/5 "Really Bad"
      My personal loan application was rejected with FULLERTON, the reason was; there was no proper response from the customer service after the application was submitted. There was no follow up done and my experience was not good. The rate of interest was way high when compared to other sources.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 02, 2017
    • Fullerton Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Rate of interest was around 13% for the personal loan with the Fullerton, also the loan amount got disbursed within three to four days of time. I am happy with the Fullerton, also I have not faced any issues with them.
      Was this review helpful? 0
      , banswara
      Reviewed on Nov 29, 2017
    • Fullerton Personal Loan
      "Recommedable"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with FULLERTON. The disbursed loan amount was 1 lakhs. The rate of interest with FULLERTON was 12 %. The monthly EMI is 3300 for 4 years.The documentation process was also fine. Its can be recommendable to others.
      Was this review helpful? 0
      , madurai
      Reviewed on Nov 25, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from FULLERTON, my loan application was closed because i did not have salary payslip from the current company. Customer service part was good and they responded on time, they also gave proper guidance on what to do next. The rate of interest was not an issue, it is nominal.
      Was this review helpful? 0
      , ranchi
      Reviewed on Nov 21, 2017
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