Fullerton India offers personal loans up to Rs. 25 lakh with flexible repayment tenure of up to 60 months. You can use the loan amount for a variety of purposes such as financing a wedding, travel, or a medical emergency. Read this article to know details regarding what documents are required to avail the personal loan offered by Fullerton India.
Fullerton India Personal Loan Documents Required
The following documents required to apply for a Fullerton India personal loan:
Common Documents for all Applicants
|Fullerton India personal loan application form||It should be duly-filled and signed.|
|Proof of identity||Aadhaar, PAN, Voter ID, Passport or Driving License.|
|Proof of Address||Latest utility bill (electricity bill, water bill, telephone bill), Aadhaar, Passport, etc.|
|Proof of Age||Government Issued ID card or matriculation certificate|
|Bank Account Statement||Last 6 months’ latest bank account statement|
For Salaried Individuals
|Proof of Income||Salary slips of the last 6 months, Form 16|
For Self-Employed Individuals
|Proof of Income||Profit and Loss Statement or other financial statements such as Acknowledged IT returns|
Important Aspects to Consider While Applying For a Personal Loan
Following are some of the important points that should be kept in mind to improve your chances of approval for a Fullerton India personal loan:
- Ensure that you fulfil the lender’s eligibility criteria before applying for the loan.
- Carefully check the list of documents required to avail the loan.
- Maintain a high credit score as an increase in the score also increases the chances of getting the personal loan approved.
- Keep a healthy mix of credit, such that there is a balance between the quantum of secured and unsecured loans availed by you.
- Maintain a low credit utilization ratio, ideally below 30%.
- Ensure that the ratio of your ongoing loan EMIs and credit card dues to your income is low, so that you have a good repayment capability.
Frequently Asked Questions (FAQs)
Q1. What is the maximum limit for Fullerton India personal loan?
Ans. The maximum limit for Fullerton India personal loan is Rs. 25 lakh.
Q2. What is the interest rate for Fullerton India personal loan?
Ans. The interest rate for Fullerton India personal loan starts from 12.99%.
Q3. What is the repayment tenure for the personal loan offered by Fullerton India?
Ans. The repayment tenure for the personal loan offered by Fullerton India varies between 12 months (1 year) to 60 months (5 years).
Q4. Who can apply for a personal loan at Fullerton India?
Ans. Both salaried and self-employed applicants can apply for a personal loan at Fullerton India.
Q5. What is the processing fee for Fullerton India personal loan?
Ans. The processing fee for Fullerton India personal loan corresponds up to 6% of the loan amount.
Q6. Can I foreclose my personal loan account with Fullerton India?
Ans. Yes, you can foreclose your personal loan account with Fullerton India after paying at least 6 EMIs.
Q7. What are the foreclosure charges for Fullerton India personal loan?
Ans. Fullerton India charges up to 7% of the principal outstanding as foreclosure charges on a personal loan.
Q8. How can I avail a personal loan from Fullerton India?
Ans. You can avail the personal loan from Fullerton India online via the Paisabazaar.com platform.
Q9. What is the customer care number for Fullerton India?
Ans. The toll-free customer care number for Fullerton India is 1800-103-6001. The number is operational between 9:00 a.m. to 7:00 p.m. from Monday to Saturday, except public holidays and 4th Saturday of every month.
Q10. What is the age limit to apply for a personal loan from Fullerton India?
Ans. Applicants falling in the age group of 21 to 60 years can apply for a personal loan at Fullerton India.