While applying for a personal loan from Fullerton, you needn’t wait for months to get the loan approved. Quick eligibility check, instant online approval, and quick disbursement of the amount are the benefits that the company offers.
| Particulars |
Charges |
| Interest Rate (Monthly reducing balance) |
11.99% - 25% per annum |
| Processing Fees |
3% - 6% |
| Loan Tenure |
1 year to 5 years |
| Pre-closure Charges |
- Within 6 months from the date of agreement - Not allowed
- For 7 to 17 months from the date of agreement - 7% of the outstanding principal amount
- For 18 to 23 months from the date of agreement - 5% of the outstanding principal amount
- For 24 to 35 months from the date of agreement - 3% of the outstanding principal amount
- After 3 years from the date of agreement - No pre-closure charges applicable
|
| Guarantor Requirement |
No guarantor required |
Fullerton Personal Loan Eligibility Criteria
Fullerton India offers personal loans for both salaried as well as self-employed individuals. If you are a salaried individual with a minimum of Rs.15,000 as fixed monthly salary, you are eligible for a Fullerton India personal loan. For self-employed individuals (both professionals as well as non-professionals), the minimum income criteria to avail Fullerton India personal loan is Rs.20,000 per month.
The company also mentions a criteria based on the age of the applicants. The minimum age for applying for Fullerton Personal Loan is 21 years, whereas, the maximum age limit is 60 years. This means, if you are 58 years old and are looking to apply for a Fullerton India Personal Loan, you will get the loan sanctioned for maximum tenure of 2 years (i.e., till you reach 60 years of age).
| Particulars |
Salaried |
Self-Employed/ Working Professionals |
| Age |
21- 65 years |
21-60 years |
| Minimum Income |
Rs.12,500 and above |
Rs.15,000 and above |
| Total Experience in Job/Profession |
3 years |
2 years |
| Current Experience |
6 months and above |
|
| Years of Stay in Current Residence |
1 year |
1 year |
Loan Amount
Fullerton India offers high loan amount to both men and women borrowers in a quest to help them resolve their financial requirements with ease. The loan amount starts from minimum Rs.65 and goes up to Rs.20 lakh.
| |
Men |
Women |
|
Minimum Amount
|
- Rs.65,000 for persons living in Metro and Tier 1 cities.
- Rs.50,000 for persons living in Tier 2, 3 and 4 cities.
|
|
|
Maximum Amount
|
Rs.20 lakh
|
Rs.10 lakh
|
Fullerton Personal Loan for Women Borrowers
Women borrowers can avail high loan amount from Fullerton at special interest rates. Applicants just need to meet the eligibility criteria put forward by the bank to apply for the loan. Since women applicants are eligible to get loan at special interest rates, it has become easier for them to opt for a loan as and when required. Here are the particulars of personal loan for women customers.
- Women residing in Urban, Semi Urban and Metropolitan areas are eligible for the loan.
- Female applicants are offered loans at an interest rate that is lower than the applicable base interest rates.
- The maximum loan amount that can be applied for is up to Rs.10 lakh.
- The borrowers can take the loan for extended repayment period of up to 5 years or 60 months.
Why Choose Fullerton India Personal Loan?
Fullerton India offers a number of benefits to its customers which make it stand out from the rest. From offering high loan amount at low interest rates for flexible tenures to special customized offers for the borrowers, this institution tries to help people in the best way possible. Here are some of the reasons why you should choose this company above others:
High Quantum of Loan: Fullerton India offers a high quantum of personal loan for all the eligible borrowers. The maximum quantum of Personal Loan offered by Fullerton India is Rs.20 Lakhs for salaried individuals and Rs.30 Lakhs for self-employed individuals. The maximum amount of personal loan available to applicants at Fullerton India is one of highest quanta compared to other non-banking financial companies or public sector banks in its class.
Competitive Interest Rates: Fullerton India offers personal loans at competitive interest rates with a monthly reducing balance basis, thereby ensuring maximum benefit to the loan borrower.
Easy Accessibility: With a large number of active branches in both urban and rural regions, Fullerton India makes sure that there is a loan centre easily accessible for citizens living in urban, semi urban and rural centres.
Easy Loan Application Process: Fullerton India personal loans are easy to apply for with an online loan application process allowing for easy loan requests with minimal documentation and quick loan disbursal timeline.
Special Benefits for Existing Customers: Fullerton India offers a series of special offers for their existing clients for pre-approved personal loans. Since a large number of people are associated with Fullerton India and are using their commercial loan schemes, rural financing schemes or other financial products, they receive offers from time to time about pre-approved personal loans as per their financial history.
Instant Approval: Personal loan applicants need not visit the Fullerton India branch physically and can simply apply for a personal loan online which will be approved within four working days for eligible applicants.
Seasonal Offers: Fullerton India offers attractive seasonal discounts in interest rates and processing fees during festival season and from time to time.
Features of Fullerton Personal Loan
Fullerton India offers a number of benefits and features for its personal loans including low interest rates, minimal documentation and quick approval. Some of the major features of Fullerton India personal loan which makes it the best option to go for are listed out here:
Quick Loan Approval: Fullerton India offers one of the fastest loan disbursal rates compared to other non-banking financial companies. For pre-approved customers, personal loans can be disbursed in one working day, while for new customers, personal loans are approved and disbursed within a stipulated timeline extending to a maximum period of four working days.
Low Interest Rates: Fullerton India offers competitive interest rates for its personal loan applicants. Since a large number of Fullerton India clients come from smaller centres and semi-urban centres, Fullerton India understands the importance of keeping interest rates low, offering maximum benefits to the clients.
Part Prepayment Facility: Fullerton India allows part-prepayment facility for all its personal loans after a minimum period of six months. Fullerton India does not charge any prepayment charges for all personal loans that are prepaid after 36 months from the agreement date.
Online Loan Application Facility: Users willing to seek a personal loan with Fullerton India need not visit the branch and can apply for a personal loan online. Such a facility not only saves time and offers convenience to the loan applicant, it also reduces the loan approval and disbursal time, leading to a win-win situation for both the customer and the company.
Dedicated Customer Support: This Company has a 24/ customer support helpline, allowing the users access to complete information through both phone and email communication.
Fullerton India Business Loans
Are you looking for ways to enhance your business enterprise? You can apply for Fullerton India Business Loans to purchase new raw materials, furniture, or equipment for your venture. One does not need any collateral to apply for this loan. The rate of interest for this product ranges from 13% to 16% p.a. The interest rate for this product is floating in nature. You can apply for this loan by visiting a branch of Fullerton India or by visiting the lender’s official website. To apply for this loan, the annual turnover of your business should range from Rs.10 lakh to Rs.100 crore.
How to Check Fullerton India Personal Loan Credit Information Report?
Among the various best-in-class services offered by Fullerton, online credit check facility is one of the most useful ones. It allows the customers to access their personal credit information like credit history, credit score, etc. The customers can check out the details of their accounts, payments, loans, and any other enquiries that they have made in the past.
To check out your credit information report on Fullerton, you need to follow the following procedure:
- Visit www.fullertonindia.com
- Select ‘Credit Information Report Online’ tab present on the right hand side of the page.
- A pop up window will show up where you need to provide your registered phone number and Loan Account Number.
- Once done, click on the ‘Submit’ button given on the page.
- You will receive the credit information report on the email ID provided against your account number. In case the email is not updated, you need to download the report on your computer and save it.
How to Calculate EMI for Fullerton India Personal Loans?
BankBazaar.com offers users a unique and easy-to-use financial tool which helps everyone understand their EMI beforehand while applying for any loans. This helps you with better financial planning, helping you choose an ideal tenure for your loan and aiding your understanding of expenses such as EMIs.
With BankBazaar’s Personal Loan EMI Calculator, users simply need to add the amount they wish to take as loan, their preferred loan tenure and rate of interest as provided by the bank at the time of online enquiry. The EMI Calculator then instantly calculates and displays the EMI liability for the loan. This helps you in understanding the monthly money outflow towards the loan.
Why Apply for a Fullerton Personal Loan on BankBazaar.com?
Applying for a Fullerton personal loan through the BankBazaar portal is very easy and convenient. This website even offers a number of advantages to the borrowers who are willing to apply for a personal loan. Here are the reasons why you should apply for a Fullerton personal loan on BankBazaar.com:
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Instant Loan Eligibility Check: BankBazaar.com offers an Instant Loan Eligibility Check facility using the personal loan tool available on the website. The tool automatically checks for user eligibility by tracking financial history and monthly salary records. Non-eligible applicants are filtered out and the tool offers customized personal loan quotes only for eligible applicants.
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Personalized Quotes: Bankbazaar.com offers customized personal loan quotes to all its eligible users keeping in mind their requirement, repayment track record, and tenure period of the loan. Hence, you can apply for a loan that will specifically suit your requirement and cater to all the immediate needs.
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Low Interest Rates: BankBazaar.com has collaborated with Fullerton India allowing for a discounted rate of interest for all personal loans facilitated through the portal. Personal loan applicants with Fullerton India through BankBazaar.com get a discounted rate of interest reserved exclusively for BankBazaar.com members.
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Active Loan Comparison: Before finalizing the personal loan, users at Bankbazaar.com can compare various personal loan options based on various aspects such as charges, fees, interest rates and other essential loan features. Users can also compare personal loans depending on the feedback ratings of current personal loan holders.
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Instant E-Approval: All loan applicants get instant e-approval after successfully submitting their loan application on this portal. The e-approval corresponds to the fact that their loan application has been processed, approved and forwarded to the designated loan department of the bank or concerned non-banking financing company (NBFC).
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Assured Privacy: All personal data submitted by applicants to BankBazaar.com is transmitted in an encrypted format to the respective bank or NBFC in order to ensure 100% safety of privacy.
How to apply for a Fullerton Personal Loan on BankBazaar.com?
- Applying for a Fullerton personal loan at BankBazaar.com involves three simple steps.
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Step 1: Each loan applicant seeking a personal loan at BankBazaar.com needs to duly fill his or her details in the personal loan eligibility calculator. The tool automatically checks for Fullerton India personal loan eligibility of each applicant and the eligible applicants are offered customized loan options from various personal loan service providers.
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Step 2: After the applicant is given a list of loan options as per his or her financial history, the user can compare various loan options and choose the most appropriate one. Customer Feedback from existing loan applicants is also displayed to help the applicant choose the right loan service provider.
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Step 3: In the final step, the applicant receives instant e-approval from BankBazaar.com after the successful submission of the personal loan application online. The application is sent electronically to the nearest Fullerton India office and the company gets in touch with the applicant directly.
Fullerton India Personal Loan FAQs
Am I eligible for Fullerton India personal loan?
All Indian citizens between the ages of 21 to 60 years, fulfilling the minimum eligibility criteria, are eligible for Fullerton India personal loans. For salaried people, the minimum monthly income should be Rs.15,000 and above. On the other hand, for self-employed individuals or working professionals, the minimum income should be Rs.20,000 per month.
What is the maximum loan one can get from Fullerton India?
Fullerton India offers personal loans for amounts as high as Rs.25 lakh in case of salaried individuals.
What is the tenure for Fullerton India personal loan?
Fullerton India offers personal loan with a tenure period ranging from 12 months to 60 months, making it suitable for all loan seekers.
How do I repay Fullerton India personal loan?
Fullerton personal loans can be repaid in equated monthly instalments, calculated at a monthly reducing interest rate. Users can pay their Fullerton India Personal Loan EMI online directly to Fullerton India using the online funds transfer facility or via cheque deposit.
How much would I need to pay as EMI for my Fullerton India personal loan?
You can use the Personal Loan EMI calculator available at BankBazaar.com to understand the monthly payment you need to make against your Fullerton Personal Loan. All you need to do is to simply enter your loan amount and preferred tenure. The tool will automatically calculate your Fullerton India Personal Loan EMI and provide the result instantly.
Why should I apply for Fullerton India personal loan through BankBazaar.com?
Fullerton India accepts online loan submissions and has collaborated with BankBazaar.com for personal loan submissions online. Applying for a Fullerton India personal loan online can help you get discounted interest rates, instant e-approval and online loan racking facility, along with a dedicated customer helpline for any queries or grievances.
What are the documents required to apply for Fullerton India personal loan?
You don’t need to submit any documents online for applying for Fullerton India personal loan. You can approach your nearest branch with your e-approval and submit KYC documents (for address and ID proof), income documents and updated bank statement for further processing of the loan.
Does BankBazaar.com charge for loan Eligibility Tool?
BankBazaar.com does not charge its members for using the online loan calculator tool. The services provided by BankBazaar.com are absolutely free.
Is My Data Safe while applying for a personal loan through Bankbazaar.com?
BankBazaar.com uses a high degree of encryption while sending personal data of loan applicants to the respective banks. All data with BankBazaar.com is never shared with any third party except the loan department of the designated bank or non-banking financial company as per the case.
How can I foreclose my Fullerton India personal loan?
You can foreclose your personal loan by issuing a cheque against your Fullerton India personal loan account. But remember, the company allows foreclosure only after successful payment of 6 EMIs.
How to check Fullerton personal loan status?
You can check the status of your personal loan at Fullerton India through a variety of methods. You can visit the Fullerton India website, call the customer care executives, give a missed call at 9594763763, send a mail to namaste@fullertonIndia.com or by using the chatbot ‘DIA’. In addition to this, you can check the status of the loan application at mConnect, the official app for Fullerton India customers or by logging into the internet banking portal.
How to contact Fullerton personal loan customer care?
Fullerton personal loan customer care executives can be contacted by calling on 1800 103 6001 between 9 a.m. to 7 p.m. on all days except for Sundays and public holidays. You can also get in touch by sending a mail to namaste@fullertonindia.com
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