Headquartered in Mumbai, Maharashtra, Fullerton India Credit Company Limited is a non-banking financial institution in India which is dedicated towards providing best financial services to the under-banked section in the country. Besides providing financial services, this organization specifically targets to cater required skills and services to underdeveloped communities in order to make their economic position better while improving their quality of life. Fullerton also offers financial help to people who live in urban areas. Under its Urban Financing schemes, this company offers a number of financial products to meet the monetary requirements of individuals who reside in such areas.
Business loans, home loans, personal loans, vehicle loans, and loan against property are some of the major offerings of this organization, among which personal loan is one of the most sought-after products. With the wide range of options that come under Fullerton India personal loan, applicants from any section of society can fulfil their financial needs without any security or collateral. As the varied loan schemes are designed keeping in mind the changing needs of the borrowers, you get the flexibility to avail a loan scheme anytime based on your individual requirement. 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.
|Interest Rate (Monthly reducing balance)||12.49% - 33% per annum|
|Processing Fees||Up to 6.5% of the loan amount|
|Loan Tenure||1 year to 4 years||Pre-closure Charges||
|Guarantor Requirement||No guarantor required|
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 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|
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.
|Loan Amount Offered|
|Maximum Amount||Rs.20 lakh||Rs.10 lakh|
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.
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.
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.
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.
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:
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. It offers personal loans at fixed rates on the basis of monthly reducing balance. The personal loans not only are available at lowest interest rates but also come with flexible EMI facility with an extended loan tenure of 5 years. The other rates and charges are also kept nominal by the company for the ease of the customers. Since high levels of clarity and transparency is always maintained by Fullerton, there are no hidden charges.
The rates charged by Fullerton India Personal Loan usually vary from 11.99% to a maximum of 23.99% 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 the online application form available at BankBazaar.com, 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.
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.
Did you apply for a personal loan from Fullerton India? You can find out if it has been approved or rejected by checking the status of your loan online. You will need to enter key details of your personal loan application on the lender’s official website. These details include your personal loan reference number and your date of birth. Once you enter the correct details, you can click ‘Submit’. You will now see the results on your screen. You can also check the status by entering your application number and mobile number.
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:
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 and above. On the other hand, for self-employed individuals or working professionals, the minimum income should be Rs.15,000 per month.
A: Fullerton India offers personal loans for amounts as high as Rs.20 lakh in case of salaried individuals. For self-employed individuals, the maximum quantum of loan offered by the company is Rs.30 lakh. The final loan amount availability depends on the applicant’s financial record and repayment history.
A: Fullerton India offers personal loan with a tenure period ranging from 12 months to 48 months, making it suitable for all loan seekers.
A: 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.
A: 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.
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 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.
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.
A: BankBazaar.com does not charge its members for using the online loan calculator tool. The services provided by BankBazaar.com are absolutely free.
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.
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.
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