Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Fullerton Personal Loan Interest Rates

    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
    Rs.1000 Amazon voucher free Paperless approval option 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 2982 Users

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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

    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
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      When I applied for the personal loan through online source with Fullerton, the interest rate was very high. So I closed the application. After a while, Fullerton approached me and quoted lower interest rate than earlier one. So I submitted all the documents with them and I am waiting for their response.
      Was this review helpful? 0
      , chennai
      Reviewed on May 27, 2017
    • Fullerton Personal Loan
      "Interest rate has to be improved"
      0.5 3.0/5 "Satisfactory"
      When I was applied for the personal loan with Fullerton, than there was no requirement. Hence I closed the loan application. Fullerton India people have called and informed about the loan process. But Interest rate is high for the loan products.
      Was this review helpful? 0
      , faridabad
      Reviewed on May 27, 2017
    • Fullerton Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I recently applied for the personal loan with Fullerton but as I did not completed a year in the current company I had to close my application for time being. There is some limited experience required it seems. Fullerton responded well when I approached them, I had no issues with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 27, 2017
    • Fullerton Personal Loan
      "Good service can decrease the interest rate"
      0.5 5.0/5 "Blown Away!"
      Due to the house renovation work, I cannot proceed with the documentation process in regards with my personal with ICICI bank. The response and the customer support was good with ICICI bank. The rate of interest is high, when compared with others. ICICI documentation process can be changed in future.
      Was this review helpful? 0
      , jamnagar
      Reviewed on May 26, 2017
    • Fullerton Personal Loan
      "Need lot of improvement"
      0.5 3.0/5 "Satisfactory"
      Fullerton promised that they will come over and collect the documents in regards with my personal loan application. But none turned up and they haven't give a call back too. No one is offering for the personal loan if the salary is low with the customers I would like to suggest that Fullerton has to fulfill their promises to the customers. The rate of interest is high when compared with others.
      Was this review helpful? 0
      , kakinada
      Reviewed on May 26, 2017
    • Fullerton Personal Loan
      "Reduce the interest rate"
      0.5 1.0/5 "Really Bad"
      I did not availed the personal loan with the Fullerton because the interest rate was huge like it was around 17%. Customer service was good and they have responded properly for my call and I would like to suggest that they can reduce the rate of interest only.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 26, 2017
    • Fullerton Personal Loan
      "Need improvement"
      0.5 1.0/5 "Really Bad"
      I didn't got proper response from the Fullerton . They didn't even explained me about the product. I would like to suggest Fullerton to improve their service with good response . The rate of interest is very high when compared with others. It would be great if they decrease their interest rate.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 26, 2017
    • Fullerton Personal Loan
      "Good and excellent"
      0.5 3.0/5 "Satisfactory"
      I haven't received any kind of status updation about my personal loan application. They have made a call and explained me about the product, after that they have not informed that why my loan got canceled. I would suggest Fullerton can work customer centric in future. Overall I can say I am satisfied with the service.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I did get a proper response from Fullerton after me applying for a personal loan They were on time to contact me and give me details. I did not wish to go ahead for the loan as the rate of interest and processing charges was very high from them but no other option I had taken with them with 22% Rate of Interest.
      Was this review helpful? 1
      , pune
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Not satisfactory"
      0.5 1.0/5 "Really Bad"
      Fullerton has not been responsive for my personal loan application. Initially I received a response and later there were no follow up calls to collect the papers. Not a very good experience. The interest rate and the processing charges was on the average side.
      Was this review helpful? 0
      , anantapur
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Satified service"
      0.5 1.0/5 "Really Bad"
      Fullerton charges very high interest rate in concern to the personal loan product, that was the reason , I haven't got the loan with Fullerton. In the other hand they gave good response and better follow up with my personal loan application. Overall I am satisfied with their service.
      Was this review helpful? 0
      , solapur
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Average service & high ROI"
      0.5 3.0/5 "Satisfactory"
      Fullerton contacted me initially for the personal loan and finally they did not come over to collect the documents as promised and there were no calls from them later. So I did not proceed for the loan and I went ahead with another bank. The interest rate was high as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      My current experience with Fullerton for the personal loan was good as well. The document collection and process is quick and they are recommendable only because of the fast process and for an emergency. But not for the rate of interest. I got a rate of 16% this time.
      Was this review helpful? 0
      , nagercoil
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Extremely High on ROI & charges"
      0.5 4.0/5 "Great!"
      My first experience with Fullerton for a personal loan was four years back. The rate of interest was extremely high. I was offered a rate of 24% and the processing charges was high too. The customer services are good and they are fast in the process.
      Was this review helpful? 0
      , nagercoil
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Improvement needed"
      0.5 2.0/5 "Expected more"
      Fullerton was not providing proper customer support service, they were actually providing a very late response also they were taking too much of time to provide the status of the product. The rate of interest is very high when compared with others and that was the reason why I cannot proceed further for the loan. I would suggest Fullerton to improvise their service.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "High on ROI"
      0.5 5.0/5 "Blown Away!"
      I did get a proper response from Fullerton after me applying for a personal loan. They were on time to contact me and give me details. I did not wish to go ahead for the loan as the rate of interest and processing charges was very high and I went ahead with another bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "High ROI & charges"
      0.5 3.5/5 "Pretty good"
      Since I was not in town I could not submit the documents for the personal loan at Fullerton. More over the rate of interest was extremely high and so was the processing charges. I got a rate of 19%. The services and response was on time to check on my requirement.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "Response has to be improved"
      0.5 2.0/5 "Expected more"
      I have applied for the personal loan before two months, there was no response from Fullerton, I didn't receive any welcome call regarding their loan process. Still now I am not aware why my application got rejected. Fullerton India didn't send any mail regarding the status.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "They should reduce the interst rate and other charges"
      0.5 1.0/5 "Really Bad"
      Fullerton offered me the high interest rate it was around 18% it is extremely high, I am disappointed with that interest rate then I thought not to process with them. Meanwhile they didn't reach me on loan process. Therefore I didn't proceed with Fullerton.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Initially I thought Fullerton India interest rate is high on personal loan hence I denied to process with them, then I found Fullerton interest rate is nominal compared to other bank, so I requested them to reopen the application but Fullerton executives told to re apply after a month. Now I am fine with their process.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
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