Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Fullerton Personal Loan
    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
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Fullerton Personal Loan is Rated as "Pretty good" by 3112 Users

    Fees & Charges

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    Personal Loan BYTES FROM OUR KITCHEN

    Fullerton Personal Loan

    Fullerton India launched commercial operations in January 200. Fullerton bank is a Non Banking Finance Company Fullerton India Credit Company Limited is a wholly owned subsidiary of Fullerton Financial Holdings Pte. Ltd., which in turn is a wholly owned subsidiary of Temasek Holdings Pte. Ltd., Singapore. Fullerton India Personal Loan can help in making a difference in your life by fulfilling your financial needs are such as unexpected expenses, a medical exigency, school or college admission, wedding in the family, home improvement or that long awaited vacation. The procedure is simple and quick. You do not have to hypothecate any collateral or property to avail this loan. All you have to do is to follow some simple steps to get attractive deals.


    You’re probably eligible for an Fullerton Personal Loan if you are

    01
    02
    03
    04
    Fullerton Personal Loan Minimum Age

    At least 21 years old

    Fullerton Personal Loan Maximum Age

    Less than 65 years old

    Fullerton Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Fullerton Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Fullerton Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Fullerton Personal Loan Minimum Salary

    Minimum income required
    Rs.12,000 per month

    Fullerton Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 15 lakhs

    Fullerton Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Fullerton Personal Loan amount by these steps

    01
    02
    Fullerton Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Fullerton

    Choose longer tenure loan up to 4 years


    Documentation needed to apply for an Fullerton Personal Loan

    • 1. Signed application form with photograph
    • 2.Copy of passport/voter ID card/driving license
    • 3. Processing fee cheque
    • 4. Last 3 months bank statement/6 months bank passbook
    • 5. Documentation for salaried applicants:
      • Latest salary slip
      • Current dated salary certificate with the latest Form 16
    • 6. Documentation for self-employed applicants:

      • Latest Bank statement
      • Latest ITR or Form 16

    Fullerton Personal Loan Interest RatesUpdated on 24 Mar 2016

    Fullerton Personal Loan Details
    Interest Rate (Monthly reducing balance) 14% - 33% per annum
    Processing Fees 1.5 to 6.0 % of the Loan Amount
    Loan Tenure 1 year to 4 years
    Pre-closure Charges 7% of principal outstanding(plus GST) upto 1 months. 5% of principal outstanding(plus GST) from 18 to 23 months. 3% of principal outstanding(plus GST) from 24 to 35 months. No preclosure charges applicable afterwards
    Guarantor Requirement No guarantor required

    About Fullerton India Personal Loan

    Fullerton India is one of the most well-known non-banking financial companies offering personal loans apart from other lending and financial services. Launched in January 200, Fullerton India today has over 398 branches across the country with services spread across 600 towns and more than 30,000 villages. Fullerton India Credit Company Limited, a wholly owned subsidiary of Fullerton Financial Holdings Pte. Ltd., offers personal loans up to Rs. 20 Lakhs for salaried and up to Rs. 30 Lakhs for self-employed individuals. Personal loans from Fullerton India follow a quick approval mechanism with minimal documentation and online loan application facility.

    Personal loans from Fullerton India do not require any guarantor or collateral security. Moreover applicants are free to use the funds availed from Fullerton India personal loan as per their personal need without any restrictions. Funds can be used to cater for any medical expenses, foreign trips, home renovations or any other miscellaneous financial expenses.

    Fullerton India offers a wide range of pre-approved personal loans to its pre-existing customers from time to time. The personal loans with Fullerton India come with a host of benefits and features including competitive interest rates and a loan tenure period extending up to as high as 48 months.

    Why choose Fullerton India Personal Loan?

    High Quantum of Loan: Fullerton India offers a high quantum of personal loan for all 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 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 either 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.

    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 prominent features of Fullerton India personal loan include:

    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.

    Dedicated Customer Support: Fullerton India has a 24/ customer support helpline, allowing users access to complete information through both phone and email communication.

    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.

    Instant Loan Eligibility Check: BankBazaar.com offers an Instant Loan eligibility check using the personal loan tool. 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.

    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.

    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.

    Active Loan Comparison: Before finalizing the personal loan, users at Bankbazaar.com can compare various personal loan options, completely comparing on parameters such as charges, fees, interest rates and other loan essentials. Users can also compare personal loans depending on the feedback ratings of current personal loan holders.

    Instant E-Approval: All loan applicants get instant e-approval after successfully submitting their loan application. 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 NBFC concerned.

    Assured Privacy: All personal data submitted by applicants to BankBazaar.com is transmitted in an encrypted format to the respective bank or NBFC, which ensures 100% safety.

    Applying for a Fullerton personal loan at BankBazaar.com involves three simple steps.

    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.

    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 helping the applicant chose the loan service provider.

    Step 3: In the final step, the applicant receives instant e-approval from BankBazaar.com after successful submission of 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 Interest Rates

    Interest rates for personal loans vary from bank to bank. Fullerton Personal Loans come with affordable interest rates, making it a viable option for all sections of people. Fullerton India offers personal loans at floating rates.

    The rates charged by Fullerton India Personal Loan usually vary from 21% to a maximum of 40% per annum. Each loan offered by Fullerton India is tailor-made, depending on your profile and eligibility criteria. Therefore, the interest rate availed by your friend may be different from that of yours, depending upon your monthly income and nature of work.

    Like every financial institution, Fullerton will have lower rates for state and central government employees as well as employees of leading private companies or MNCs. Once you enter your company details and monthly income in the respective column of BankBazaar’s online application form, your Fullerton India Personal Loan interest rate and EMI will be automatically displayed by the system instantly, after considering the details entered. Applying through BankBazaar.com will also fetch you the benefit of discounted interest rates as exclusively applicable for all BankBazaar.com customers.

    Processing Fee Up to 6% of the Loan Amount
    Interest Rates 21% to 40% per annum (monthly reducing balance)
    Loan Tenure 12 to 48 months
    Foreclosure Charges 4% of pre-closed amount
    Guarantor Requirement No

    One of the main attractions of Fullerton India is that they offer personal loans with very flexible 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. 12,500/- 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. 15,000 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 58 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).


    Fullerton India Personal Loan Eligibility Criteria for Salaried Individuals
    Age Minimum: 21 Years Maximum: 58 Years
    Minimum Income Salaried individuals with minimum monthly income of Rs. 12,500/- & above
    Total years in job/profession 3 Years
    Years in current residence 1 Year

    Fullerton India Personal Loan Eligibility Criteria for Self Employed Individuals and Working Professionals:

    Age Minimum: 21 Years Maximum: 60 Years
    Minimum Income Self Employed individuals or working professionals earning a above Rs. 15,000 per month
    Total years in Profession 2 Years
    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.

    Q: Am I eligible for Fullerton India personal loan?

    A: 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. 12,500/- & above and for Self-Employed individuals or working professionals, the minimum income should be Rs. 15,000 per month

    Q: What is the maximum loan one can get from Fullerton India?

    A: Fullerton India offers personal loans as high as Rs. 20 Lakhs for salaried individuals and Rs. 30 Lakhs for self-employed individuals. The final loan amount availability depends on the applicant’s financial record and repayment history.

    Q: What is the tenure for Fullerton India personal loan?

    A: Fullerton India offers personal loan with a tenure period ranging from 12 months to 48 months, making it suitable for all loan seekers.

    Q: How do I repay Fullerton India personal loan?

    A: Fullerton personal loans can be repaid in equated monthly instalments, calculated using a monthly reducing interest rate. Users can pay their Fullerton India Personal Loan EMI online directly to Fullerton India using an online funds transfer facility or via cheque deposit.

    Q: How much would I need to pay as EMI for my Fullerton India personal loan?

    A: You can use the BankBazaar.com EMI calculator 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.

    Q: Why should I apply for Fullerton India personal loan through BankBazaar.com?

    A: 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 get discounted interest rates, instant e-approval and online loan racking facility, along with a dedicated customer helpline for any queries or grievances.

    Q: What are the documents required to apply for Fullerton India personal loan?

    A: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.


    Q: Does BankBazaar.com charge for loan Eligibility Tool?

    A: BankBazaar.com does not charge its members for using the online loan calculator tool. The services provided by BankBazaar.com are absolutely free.


    Q: Is My Data Safe while applying for a personal loan through Bankbazaar.com?

    A: 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.


    Q: How can I foreclose my Fullerton India personal loan?

    A: 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.

    News About Fullerton Personal Loan

    • Fullerton India receives Rs 150-cr capital from parent company

      Fullerton Financial Holdings, the parent company has given their non-banking financial company Fullerton India Rs. 150 crore of capital.

      According to a statement made by Fullerton, “The funds received will be used for investment in the company’s housing finance subsidiary — Fullerton India Home Finance Company and for the future growth requirements of Fullerton India.”

      “The investment from our parent company is a boost to our lending business in India. Through this investment we will be further able to meet the needs of our customers across housing finance and other credit instruments,” added Shantanu Mitra, MD and CEO, Fullerton India.

      Fullerton India, in its half-yearly financial results for the period of FY15-16 posted a 64% surge in its profit. Its assets under management (AUM) has also risen by 37% along with loan disbursals growing by 30%.

      The company currently employs over 7,600 employees across 445 branches, with nearly 60 per cent of the workforce serving their rural business. Servicing a customer base of over 12 lakh, Fullerton India’s product portfolio includes loans against property, SME and business loans, personal loans, rural livelihood loans, and rural mortgage.

      17th December 2015

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  • Fullerton Personal Loan Reviews

    • Fullerton Personal Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      I have approached FULLERON for my personal loan.My application was rejected due to my low credit score.The rate of interest was 18% which is very high comparing to others banks in the market. However their customer service and responses was good. My overall experience was not satisfactory.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 21, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have applied personal loan with Fullerton but I have arranged the required from other source so that was the reason I haven't got the loan from Fullerton. I may get the loan in next 3monhts. The rate of interest is high when compared with others.
      Was this review helpful? 0
      , guntur
      Reviewed on Sep 21, 2017
    • Fullerton Personal Loan
      "Extremely High on ROI & charges"
      0.5 4.0/5 "Great!"
      Fullerton was good in the initial process for the personal loan. I got the loan on time. But they were very high on the interest rate. I was offered a rate of 17% and when I foreclosed my loan I had to pay more. Though it was a balance transfer to another bank. I paid more than what I received. it was almost of 29K.
      Was this review helpful? 0
      , hospet
      Reviewed on Sep 21, 2017
    • Fullerton Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have applied for my personal loan from FULLERON INDIA. I have rejected the application as their rate of interest was 17% which is quite high comparing to other banks in the market. However their customer service and responses were really good.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 20, 2017
    • Fullerton Personal Loan
      "AVERAGE"
      0.5 2.0/5 "Expected more"
      The Fullerton team has disbursed my loan amount within a week time. The customer service was average with Fullerton. The rate of interest is high when compared with other banks. The processing fee was also high with Fullerton i have applied for 2 lakhs loan amount and they have offered is 16% ROI.
      Was this review helpful? 0
      , panipat
      Reviewed on Sep 20, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The customer support was good with Fullerton but the rate of interest which was offered by Fullerton was high when compared with other institutions. So that was the reason I haven't processed the loan with Fullerton. The customer support asked me to submit the documents but I haven't haven't submitted it, because of their interest rate.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Sep 18, 2017
    • Fullerton Personal Loan
      "Extremely High on ROI"
      0.5 5.0/5 "Blown Away!"
      The process at Fullerton is quick, I got the personal loan within three to four days. The executive came over and collected my papers. The interest rate is extremely very high. I was offered a rate of around 32% and the processing charges was of Rd.2585.
      Was this review helpful? 0
      , pondicherry
      Reviewed on Sep 18, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached FULLERTON for my personal loan . Their customer service and responses was really satisfactory . My salary was 15,000 so they have rejected my personal loan application and proper followups done from the bank end .I have not faced any issues with their services and overall it was good.
      Was this review helpful? 0
      , guwahati
      Reviewed on Sep 18, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The Fullerton team has disbursed my loan amount within a week time. The customer service was average with Fullerton. The rate of interest is high when compared with other banks. The required loan amount was not disbursed, I have got only 95,000, but I have applied for 2,50,000. The processing fee was also high with Fullerton.
      Was this review helpful? 0
      , rajahmundry
      Reviewed on Sep 18, 2017
    • Fullerton Personal Loan
      "Okay"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan with the rate of interest as 25% with the Fullerton. Processing charges were different and it did not match as I have mentioned before. I got the loan amount within a week of time. Response is really a good one for me with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 15, 2017
    • Fullerton Personal Loan
      "Services are good. But high on the ROI"
      0.5 5.0/5 "Blown Away!"
      Fullerton is good when it comes to personal loan. They collected my papers on time and it was processed as well. The loan was disbursed as expected. The rate of interest and processing charges was on the higher side when compared to the other banks.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 15, 2017
    • Fullerton Personal Loan
      "Not good not bad"
      0.5 3.0/5 "Satisfactory"
      I have approached FULLER ON for my personal loan . Their customer service was not on time and there is no proper response from them so I would like to rate 3 out 5. Their rate of interest was pretty okay and fees and charges was also nominal. My overall experience was not good but not bad.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Sep 15, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The Fullerton India just took a week time to disburse my loan amount. The customer service is very good with Fullerton. The loan process was smooth but their interest rate is high when compared with others banks. I have got the required loan amount from the Fullerton India.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 14, 2017
    • Fullerton Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Personal loan got approved and disbursed with Fullerton. The response was pretty good with Fullerton. The documentation process went well and then they took around 1 week time to disburse my personal loan. The rate of interest is bit high when compared with others. Over all the service provided by Fullerton was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 14, 2017
    • Fullerton Personal Loan
      " not bad but interest rate too high"
      0.5 3.5/5 "Pretty good"
      Applied for a personal loan through Fullerton the application was rejected but their execute was on time to collect documents and they should maintain proper data because one representative said i am eligible same time other called and said i cant avail two at a time in same bank that was a bit annoying .The rate of interest is also too high .Over all services are not bad .
      Was this review helpful? 0
      , nasik
      Reviewed on Sep 14, 2017
    • Fullerton Personal Loan
      "Not a good experinse "
      0.5 3.0/5 "Satisfactory"
      Its a worst experience of availing personal loan through Fullerton because very high rate of interest was charged which is around 24-28 % where as other banks were providing an interest rate of 17-19% which is good, it would be great if they reduce the rate of interest according to market norms.And the tenure period of time is 48 months which is okay .
      Was this review helpful? 0
      , rewari
      Reviewed on Sep 14, 2017
    • Fullerton Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Helpful representatives from the date I applied for my loan ,I feel the interest rate was little high ,documents part I have uploaded all my documents through online even the responsibility from their representatives was good ,overall it was an good service from FULLERTON.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Sep 13, 2017
    • Fullerton Personal Loan
      "Quick process"
      0.5 5.0/5 "Blown Away!"
      It was a smooth process with Fullerton. I got the personal loan on time and as expected. There was no much of document process. Just that they were a bit high on the interest rate and charges when compared to the other banks. The services is good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 13, 2017
    • Fullerton Personal Loan
      "Services are good. ROI is high"
      0.5 4.5/5 "Excellent!"
      It was a good experience with Fullerton for the personal loan. I got the loan within ten days. Though the interest rate was high when compared to the other normal banks. I went ahead because I had an emergency. The rate was around 18% and I would not wish to recommend them due to the high charges.
      Was this review helpful? 0
      , hosur
      Reviewed on Sep 13, 2017
    • Fullerton Personal Loan
      "Not satisfied"
      0.5 2.5/5 "Just OK"
      I am not impressed with FULLERTON as they are not up to the mark when it comes to customer service and I have approached them for my personal loan and realized that it is a tedious process because they asked me to submit too many documents for verification and took lot of time. Later they denied to sanction the loan also due to my pay slips. so i won't recommend it to anyone. especially when i raised a query they have failed to respond me .
      Was this review helpful? 0
      , indore
      Reviewed on Sep 12, 2017
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