Apply for Best Personal Loan Offers!Fullerton India Personal Loan EMI Calculator will help you to find out your Personal Loan EMI and interest cost based on your loan amount, tenure and interest rate. It will help you to choose your loan amount and loan tenure based on your repayment capacity.
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Personal Loan at Attractive Interest Rates Apply Now
Personal Loan Interest Rate Comparison of different Banks
| Banks | Interest Rates (per annum) | |
| HDFC Bank | 10.25% – 21.00% | Apply Now |
| Axis Bank | 10.25% onwards | Apply Now |
| Kotak Mahindra Bank | 10.75% onwards | Apply Now |
| ICICI Bank | 10.25% onwards | Apply Now |
| IDFC First Bank | 10.49% – 23.00% | Apply Now |
Fullerton India Personal Loan EMI Calculation
Fullerton India makes use of the reducing balance method to calculate the EMI payable on its personal loans. The following table gives different possible EMIs with varying combinations of loan amount, tenure and interest rate.
| Loan Amount (Rs.) | Interest Rate (p.a.) | Tenure (months) | EMI (Rs./month) |
| 1 lakh | 13% | 12 | 8,932 |
| 2 lakh | 15% | 24 | 9,697 |
| 3 lakh | 14% | 36 | 10,253 |
| 4 lakh | 20% | 48 | 12,172 |
| 5 lakh | 18% | 60 | 12,697 |
Charges Levied on Non Payment of EMI
The following is a list of charges that may be levied in case Fullerton India personal loan EMI payments are not made on time:
| Particulars | Charges |
| Delayed EMI Payment Interest (per month of delay, every month)
| 2% of overdue EMI per month computed on a daily basis for both salaried and self employed personal loans |
| Cheque /NACH/ ECS Dishonour Charges | Rs. 300 (per dishonour of Cheque /NACH/ ECSper presentation) |
Factors Affecting Fullerton India Personal Loan EMI
Some key factors which affect Fullerton India personal loan EMIs are discussed below:
- Loan Amount: It is the principal amount that you borrow from the lender. A higher loan amount usually translates into higher EMI payouts.
- Interest Rate: It is the rate at which the lender charges interest on the amount borrowed. A higher interest rate usually means higher EMI payouts.
- Loan Tenure: It refers to the period of time over which you can repay the loan. Usually as the loan tenure increases, the EMI payouts decrease. However, this may result in a greater total interest payout on the loan.
- Interest Calculation Method: The EMI payable on your personal loan also depends on the method of interest calculation adopted by the lender. Often EMIs calculated using the reducing balance method are slightly lower than those calculated using the flat rate method (provided other loan parameters remain the same).
FAQs
Q1. In how many EMIs can I repay my Fullerton India personal loan?
Fullerton India personal loans come with a repayment tenure ranging between 12 to 60 months. Thus, you can repay your personal loan in a maximum of 60 EMIs.
Q2. Can I autopay my Fullerton India personal loan EMIs?
You can autopay your loan EMIs by using the ECS or NACH facility.
Q3. Can I prepay my personal loan?
Yes you can foreclose your Fullerton India personal loan once you have fully paid the initial 6 EMIs. However, additional foreclosure charges of up to 7% of the outstanding loan amount may be applicable in case you decide to prepay your loan.
Q4. Is it possible to make my EMI payments in cash?
No. You cannot pay your Fullerton India EMIs in cash.