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  • Fullerton India Two Wheeler Loan

    Fullerton Two Wheeler Loan
     4.0 / 5.0   by 26 users
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    Overview:

    Fullerton India Credit Company Limited is a rapidly growing financial institution that provides its clients and customers with a wide variety of banking needs and solutions in order to meet their requirements. Among the products offered by the company, the Fullerton India GramShakti two wheeler loan scheme is one of the primary services provided to those individuals looking to acquire a vehicle, such as a motorcycle or a scooter, in order to commute from one place to another. Families from rural areas can acquire these loans to purchase two wheeler vehicles in order to conduct their business, while making easy repayments at affordable and financially viable rates of interest.

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    Features and Benefits of Fullerton India Gram Shakti Two Wheeler Loan Scheme:

    Two wheeler loans offered by Fullerton India come with a range of attractive benefits and features. The main highlights of these loans are as follows:

    • Individuals from all walks of life and financial backgrounds can apply for these loans
    • These loans are especially designed to cater to families coming from rural areas in order to help them carry on their business
    • The loans come with attractive and affordable rates of interest
    • Applicants looking to apply for this loan need not worry about possessing a large amount of paperwork since the documentation required is simple and minimal
    • Applicants can avail of loans up to a maximum of Rs 60,000
    • Borrowers can make repayments towards their loans in easy monthly installments
    • Applicants also have the advantage of flexibility when it comes to making repayments towards the loan
    • The application process is simple, easy and hassle free
    • The bank has a quick loan processing turnaround time
    • Applicants can avail of two wheeler loans with a minimum loan tenure of 48 months and a maximum loan tenure of 4 years
    • Borrowers can avail of finance options of up to 85%
    • No guarantor is required to be provided by the applicant in order to apply for this loan

    Also Read: Two Wheeler Insurance.

    Fullerton India Gram Shakti Two Wheeler Loan Interest Rate:

    Under this scheme, Fullerton India offers customers two wheeler loans at competitive and affordable rates of interest, which are formulated in order to meet the requirements of the individual as well as to fit his or her financial budget. Currently Fullerton India charges interest rates ranging from 23% to 26% on their two wheeler loans. These rates are applicable to all loan tenures from a minimum of 48 months to a maximum of 4 years.

    Eligibility Criteria for Fullerton India GramShakti Two Wheeler Loan:

    Applicants looking to avail of two wheeler loan under the Fullerton India GramShakti scheme are required to fulfil the following criteria in order to be considered eligible:

    • The applicant must be an Indian resident
    • The applicant must be either a salaried individual or a self-employed individual
    • In the case of salaried individuals, the applicant must be a minimum of 21 years of age and a maximum of 65 years of age in order to apply for this loan
    • In the case of self-employed individuals, the applicant must be a minimum of 21 years of age and a maximum of 60 years of age in order to apply for this loan
    • Both salaried as well as self-employed individuals are required to earn a regular income, which is more than the minimum amount of income required in order to apply for the loan

    Documentation Required In Order To Apply For a Fullerton India GramShakti Two Wheeler Loan:

    Applicants who wish to avail of a two wheeler loan under the Fullerton India GramShakti scheme are required to submit the following documents in order to have their loan applications processed:

    • Identity Proof - Any of the following:
      • Copy of Valid Passport
      • Driving License
      • PAN Card
      • Voter ID Card
      • Ration Card
    • Proof of Address or Residence - Any of the following:
      • Copy of Valid Passport
      • Electricity Bill
      • Copy of Ration Card
      • Rental Agreement
      • Telephone Bill
    • Fullerton India may also require applicants to provide documents that show proof of income, such as salary slips or any other form of income validation. However, this is entirely dependant on the amount and tenure of the loan opted for by the applicant

    FAQs:

    1. What is the procedure to apply for a two wheeler loan through the Fullerton India GramShakti scheme?

      Applicants who wish to apply for a two wheeler loan through the Fullerton India GramShakti scheme can do so by visiting their nearest local branch where they can fill in and submit a loan application form along with the relevant documents. Applicants can also apply online by visiting the official Fullerton India website and filling in the necessary details.

    2. How low do EMI installments go under the Fullerton India GramShakti scheme?

      Under this scheme, borrowers can make Equated Monthly Installments (EMIs) that can commence from as little as Rs 660 every month, making it an extremely attractive proposition for applicants of all types.

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    Fullerton India Two Wheeler Loan Reviews

  • Page 1 of 2 1 2
    • review Two Wheeler Loan
      "Quite Happy"
      FULLERTON
      0.5 5.0/5 "Blown Away!"
      When I was taking a two wheeler loan from Fullerton, the rate of interest was low, it was 11.5%. Also it was very easy to avail a loan from Fullerton at that time. They had done with the process within half a day. I am quite happy with their services.
      Was this review helpful? 2
      , tirunelveli
      Reviewed on Apr 18, 2017
    • review Two Wheeler Loan
      "GOOD"
      FULLERTON
      0.5 3.0/5 "Satisfactory"
      When i took the bike loan with FULLERTON before 4 years the service was really good and they up to the mark..Total bike loan amount was fifty five thousand and I did the down payment of 20k rest EMI was 3000 Rate of interest was minimal but Iam not how much it was. I totally had very good service from FULLERTON.
      Was this review helpful? 3
      , new delhi
      Reviewed on Mar 19, 2017
    • review Two Wheeler Loan
      "Satisfactaory service"
      FULLERTON
      0.5 3.0/5 "Satisfactory"
      Fullerton offers bike loan, on the same lines, they charge a very high rate of interest ,it is way too high when compared with others. Its been 4 years now since I had taken this two wheeler loan therefore I am unable to recall the interest rate and processing fee charged by them. Down payment amount would be 25k the remaining balance on my loan account is 60k.
      Was this review helpful? 3
      , new delhi
      Reviewed on Feb 07, 2017
    • review Two Wheeler Loan
      "Excellent"
      FULLERTON
      0.5 4.5/5 "Excellent!"
      I was offered the best service when I approached Fullerton for the two wheeler loan. Their representative told me that they would come and collect my documents in particular day and time and they reached my place at my preferred time. I got my loan in just two days time.
      Was this review helpful? 6
      , madurai
      Reviewed on Jul 01, 2016
    • review Two Wheeler Loan
      "No service "
      FULLERTON
      0.5 1.0/5 "Really Bad"
      I have completed my loan without any pending due.There was a problem in ECS and they have not updated the payment made from customer.They also applied a penalty around 4000Rs for the two wheeler loan when there was no pending from my end to fullerton
      Was this review helpful? 0
      , madurai
      Reviewed on Jun 20, 2016
    • review Two Wheeler Loan
      "Average service"
      FULLERTON
      0.5 4.0/5 "Great!"
      I have taken this loan from Fullerton before 4years and the service offered was very good.There was no additional charges applied and it was better compared with a bank service.My application was processed through the show room dealer to get the two wheeler loan.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jun 18, 2016
    • review Two Wheeler Loan
      "Very high rates and slow service"
      FULLERTON
      0.5 1.0/5 "Really Bad"
      I was able to procure a vehicle with the help of Fullerton .. The processing was so tedious and lengthy and took almost about 2-3 weeks. The rate of interest was 24-25% and the processing charges was 4% both of which were really high. The loan tenure was for 10 months and they took the payments as cash and not cheque. Its not recommendable as the rates are high and it was a two wheeler loan.
      Was this review helpful? 4
      , jaipur
      Reviewed on May 14, 2016
    • review Two Wheeler Loan
      "Have to improve more"
      FULLERTON
      0.5 3.0/5 "Satisfactory"
      I have closed the two wheeler loan with the Fullerton and the interest rate was a nominal one. The loan amount got disbursed to the dealers account within two to three days of time. Services are an average one with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 21, 2016
    • review Two Wheeler Loan
      "Average..."
      FULLERTON
      0.5 3.0/5 "Satisfactory"
      Last three years back I have taken my Two wheeler loan from Fullerton. Rate of interest offered by them was good which was 8 to 9% i think. No processing charges. Their local executives were bit rude because I had misted to pay two to three months emi. It would be great if they provide second chance to their customers.
      Was this review helpful? 3
      , bangalore
      Reviewed on Mar 09, 2016
    • review Two Wheeler Loan
      "Professionalism "
      FULLERTON
      0.5 4.5/5 "Excellent!"
      Fullerton is excellent. They are very professional with the work. they do have the customer support which helps us any time. Buy the only the high id interest rate is very high for the two wheeler loan compared to others. In three day they disbursed the loan in 2013.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2016
    • review Two Wheeler Loan
      "Smooth manner!"
      FULLERTON
      0.5 3.5/5 "Pretty good"
      The two wheeler loan process went in a smooth manner with Fullerton India. But after the loan amount is completed, there is no proper communication by the executives for paper works. I reached them in person and then collected the paper works from them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 06, 2016
    • review Two Wheeler Loan
      "Average"
      FULLERTON
      0.5 5.0/5 "Blown Away!"
      I took the two wheeler loan with Fullerton in one hour they approved and within two days the amount was disbursed. Through the phone they completed the verification . Interest rate and processing fee were high because they are the finance company. Customer service was good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 29, 2015
    • review Two Wheeler Loan
      "Closed loan"
      FULLERTON
      0.5 5.0/5 "Blown Away!"
      Fullerton two wheeler is fine. I am very much happy with the service offered by them . This loan was closed by last year January . No drawback no challenges. I had taken this loan for 4 years. They have provided insurance along with the two wheeler loan. I have got the NOC from them on time
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2015
    • review Two Wheeler Loan
      "Happily taken "
      FULLERTON
      0.5 5.0/5 "Blown Away!"
      Through the dealer I have taken my two wheeler loan from FULLERTON. They were good to me and there was no rejection from them. The dealer has tied up with this company so there was no issues to me. I have submitted all my documents to the dealer itself.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 14, 2015
    • review Two Wheeler Loan
      "Too good"
      FULLERTON
      0.5 5.0/5 "Blown Away!"
      Fullerton two wheeler loan is too good. They are ready to help the customer who are in need of the loan . Its already completed. Fullerton was actually recommended by the dealer they have simplified the documentation process they were available at show room and no issues with hem as such.
      Was this review helpful? 0
      , dehradun
      Reviewed on Nov 11, 2015
    • review Two Wheeler Loan
      "Two wheeler loan"
      FULLERTON
      0.5 5.0/5 "Blown Away!"
      I was in need of Fullerton Two wheeler loan so I had approached them for the same. I would say this Fullerton is specifically meant for the new to bank customer. The rate of interest offered by them was very high. Second issue was with the NOC they failed to track whether it is under transit or its dispatched or not.
      Was this review helpful? 0
      , botad
      Reviewed on Oct 28, 2015
    • review Two Wheeler Loan
      "Best "
      FULLERTON
      0.5 5.0/5 "Blown Away!"
      I had the two wheeler loan with the fullerton and I had closed it also. I got this loan on the 2012 december with the nominal rate of interest.Total tenure is around 24 months of time and they disbursed the loan amount within 5 to 10 days of time. Initially I have paid around 15000 Rupees and the rest of the amount has been paid by fullerton.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 20, 2015
    • review Two Wheeler Loan
      "Not happy"
      FULLERTON
      0.5 2.0/5 "Expected more"
      I have taken the Two wheeler from FULLERTON through the car showroom dealer. I faced some issues in my cheque. ECS problems was there in my banking. So, I checked with fullerton executive and started paying my EMIs through cash. After completing my loan amount they told me to pay rupees 7000 additionally as an cheque bouncing charges. I never knew there was a cheque bouncing fee of rupees 350 was added every month. It was a bad experience to me with them.
      Was this review helpful? 0
      , mysore
      Reviewed on Oct 15, 2015
    • review Two Wheeler Loan
      "Good loan"
      FULLERTON
      0.5 5.0/5 "Blown Away!"
      Fullerton two wheeler loan is fine .Processing fees and interest rate was quite nominal . This loan was closed before 1.5 year. I have got the closure letter and NOC . The closure procedure was quite simple and there was no difficultly as such.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 29, 2015
    • review Two Wheeler Loan
      "Not satisfied..."
      FULLERTON
      0.5 1.5/5 "Bad"
      Fullerton not yet provided the loan account number to track the information for two wheeler loan. Still I havenâ??t received the no objection certificate as I completed the loan a long back. I tried calling customer service but unable to be in touch with them.
      Was this review helpful? 1
      , bangalore
      Reviewed on Sep 15, 2015
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