Why One Should Prefer a Personal Loan from Fullerton India?

Features of Personal Loans from Fullerton India

Selection of a lending institution should be a well-informed decision while applying for a loan. Below are the features that make Fullerton India a preferred lending institution.

• Loans up to ₹25 Lakh*

There are many instant personal loan providers. However, the amount of loan offered can be limited. It is not easy to find lenders who provide higher amounts of loans. Fullerton India personal loan can be availed up to 25 lakhs* if you meet all their eligibility criteria. This amount can be used to fulfil all your funding requirements that you may have.

 

• Paperless Application

Documentation is essential for loan approval. The required documents need to be submitted along with the loan application. The documents to be submitted to avail of a loan from Fullerton India are:

 

• Proof of Identity
• Address proof
• Proof of age
• Last three months' salary slips
• Bank statement for the previous six months
• Documents to prove the source of income of self-employed individuals like Form 16 of Income tax returns

The documents mentioned above can be uploaded on the Fullerton India website or the mobile app. If you want assistance to complete the application, go to their official website or talk to their customer support. Online submission of documents expedites the loan approval process and is a key feature of Fullerton India.

 

• Flexible and Attractive Interest Rates

The key consideration while taking a loan is checking the interest rate. If you are seeking minimum-interest Personal loans, you can consider Fullerton India which provides loans at an attractive rate starting from 11.99%* per annum.

 

• Quick Disbursement

Lending institutions can take days to give approval and transfer money to its customer. Once your loan is approved, you can avail Fullerton India’s loan disbursed right into your account.

 

• Additional Benefits for Existing Customers

If you are already a Fullerton India customer with a good track record, you can enjoy additional benefits, including lower interest rates, higher loan amounts, and more. The verification process will also require less time if you are an existing customer of Fullerton India.

 

Fullerton India Personal Loan Eligibility Criteria

An individual must satisfy the conditions mentioned below to get a loan from Fullerton India.

Age: An applicant must be 21 years old while applying for a personal loan. The age of an applicant during maturity should not exceed 60 years.

Type of Employment: An applicant must have a regular source of income. The type of employment can be salaried or self-employed.

Income Level: The minimum salary of residents of Mumbai or Delhi must be Rs. 25,000 per month. The salary limit is Rs. 20,000 for residents of other parts of India.

Nationality: Only an Indian resident can apply for a personal loan.

Credit Score: The applicant's credit history must be good. An applicant with a credit score of 750 or above has a better prospect of receiving a personal loan.

Work Experience: Fullerton India looks for a minimum work experience for its loan applicants. A loan applicant must have an overall work experience of at least one year and a minimum of six months of experience in the current company.

A Step-by-Step Guide to Fullerton India Personal Loan Application

The application process for a loan from Fullerton India is easy and flexible. You can apply for a loan online mode without physically visiting the Fullerton India branch. The application process is as given below:

• Visit the Fullerton India website.
• Enter the mobile number details and nature of employment.
• Complete OTP verification for your mobile number.
• In the next step, enter the desired amount and tenure of loan required.
• Other details such as identity proof, name of the company or business, and personal details should be submitted.
• Provide details of the account where you want to receive the loan.
• After all the details are submitted, verification of the application is done.
• The loan is disbursed upon successful completion of the above-mentioned process.

The loan application can be completed through other methods. It includes a Fullerton India mobile app or visiting the Fullerton India branch.

Conclusion

The attractive loan features and flexibility of applying for a loan makes Fullerton India one of the top lending institutions in India. Get a loan amount credited to your bank account shortly after approval with minimum documentation. The loan can be for any purpose, planned or sudden. If you meet the eligibility criteria, you can apply for a personal loan on their website now. Check your eligibility with their free-to-use online Eligibility calculator.