Fullerton India Personal Loan Highlights | |
| Interest rate | 11.99% p.a. onwards |
| Loan Amount | Up to Rs 30 lakh |
| Tenure | Up to 5 years |
| Processing Fees | Up to 6% of the loan amount |
| Prepayment Charges | Up to 7% |
| Minimum Monthly Salary | Rs 20,000 |
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Table of Contents :
Fullerton India Personal Loan Interest Rates
Fullerton India offers personal loans starting @ 11.99% p.a. onwards. The final interest rates are offered depending on the income source, employment or business stability, and existing monthly obligations of personal loan applicants.
Comparison Table of Personal Loan Interest Rates for Top Lenders
| Banks/NBFCs | Interest Rates(p.a.) | |
| HDFC Bank | 11.00% onwards | Apply Now |
| SBI | 10.30%-15.10% | |
| ICICI Bank | 10.75% onwards | Apply Now |
| Axis Bank | 10.25% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.49% - 25.00% | Apply Now |
| Bajaj Finserv | 13.00% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
Also know the personal loan interest rates offered by various lenders
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Fullerton India Processing Fees & Charges
| Fee Type | Charges |
| Delayed EMI | As stated under additional interest charge |
| Cash/Cheque Collection | NIL |
| Loan Cancellation Charges | Rs 5,000 |
| Processing Fees | 0%-6% of the loan amount |
| Cheque/ECS/NACH dishonoured charges | Rs 300 |
| Swap charges for replacement of ECS to ECS | Rs 500 |
| Swap charges for replacement of Post-dated cheques to ECS | Rs 500 |
Also check the processing charges for personal loan
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Types of Fullerton India Personal Loan
For Elite Applicants
- Purpose: For the personal needs of applicants with minimum monthly income of Rs 75,000 and CIBIL score of at least 750
- Loan Amount: Rs 8 lakh- 25 lakh
- Tenure: Up to 5 years
- Processing Fee: Up to 3% of loan amount
- Disbursal Time: Up to 72 hours of approval
Personal Loan For Salaried
- Purpose: Personal loan for salaried is a regular personal loan scheme offered to meet the personal requirements of salaried individuals
- Loan Amount: Up to Rs 25 lakh
- Tenure: Up to 5 years
- Processing Fee: 0%-6% of the loan amount
Personal Loan For Self-employed
- Purpose: Self-employed individuals can avail personal loan for self-employed to fulfil their personal requirements
- Loan Amount: Up to Rs 10 lakh
- Tenure: Up to 5 years
- Processing Fee: 0%-6% of the loan amount
For Doctors
- Purpose: Personal loan for doctors is a collateral free personal loan offered to medical practitioners working as consultants and practicing professionals with private or government hospitals/clinics
- Loan Amount: Up to Rs 30 lakh
- Tenure: 1-5 years
- Processing Fee: Up to 3% of loan amount
- Disbursal Time: Up to 72 hours of approval
For Wedding
- Purpose: Wedding loan finances the wedding related expenses of individuals
- Loan Amount: Up to Rs 25 lakh
- Tenure: 1-5 years
- Processing Fee: Up to 3% of loan amount
- Disbursal Time: Up to 72 hours of approval
Personal Loan For Home Improvement
- Purpose: For home renovation such as expanding the living space or making some other improvements to the house
- Loan Amount: Up to Rs 25 lakh
- LTV Ratio: Up to 90%
- Tenure: Up to 5 years
- Processing Fee: Up to 3% of loan amount
- Disbursal Time: Up to 72 hours of approval
For Holiday
- Purpose: For meeting financial needs of travel/vacation including airfares, hotel fees, purchasing travel and other accessories, and funding a tour package
- Loan Amount: Up to Rs 25 lakh
- Tenure: 1-5 years
- Processing Fee: Up to 3% of loan amount
- Disbursal Time: Up to 72 hours of approval
For Women
- Purpose: Personal loan for women is offered to fulfill the personal requirements of females and help them achieve financial freedom
- Disbursal Time: Up to 72 hours of approval
Personal Loan for Medical Emergency
- Purpose: Individuals who are in need of funds during a medical emergency can avail personal loan for medical emergency from Fullerton India.
- Loan Amount: Up to Rs 25 lakh
- Tenure: Up to 5 years
- Processing Fee: Up to 3% of loan amount
- Disbursal Time: Up to 24 hours of approval
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Eligibility Criteria for Fullerton India Personal Loan
Profession:
- Salaried employee of a Public Sector Undertaking or a Private Limited Company,
- Self-employed with the turnover according to the current policy
Minimum Monthly Income:
For Salaried-
- Rs 25,000 for people living in Mumbai/Delhi
- Rs 20,000 for the rest of India
For Self-employed: minimum yearly profit after tax deduction based on profession/industry
Work Experience: At least 1 year
Experience in Current Company: Minimum 6 month
Maximum EMI as a percent of income: 65.00%
CIBIL Score: 750 or above
Also Read: Know how Step UP Credit Card helps in building/improving your credit score
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Documentation Required for Loan Application
- ID Proof such as passport, PAN Card, voter ID, driving license
- Signature Proof (passport, PAN card)
- PAN Card
- Address Proof such as ration card, passport, utility bill (gas/electricity bill), driving license, voter ID, bank statement, rent agreement)
- Bank statement for 6 months
Additional Documents for Salaried Applicants
- ITR/Form 16
- Salary slips for last 3 months
Additional Documents for Self-Employed Applicants
- ITR for last 2 years
- Balance sheet and profit and loss account, income computation for last 2 years
- Business Proof (registration certificate, license, service tax registration)
- IT Assessment or clearance certificate
- Income Tax Challan or TDS certificate (Form 16A) or Form 26AS for income declared in ITR
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Fullerton India Personal Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
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FAQs
Q. What is the turnaround time for personal loans offered by Fullerton India?
A. Fullerton India claims to disburse personal loans within 72 hours of the loan approval.
Q. What special benefits are offered to the existing customers of Fullerton India?
A. The existing customers of Fullerton India can enjoy additional benefits on the processing time and interest rates. The applicants are also eligible for a pre-qualified top-up on the outstanding principal.
Q. What factors determine the loan amount eligibility of personal loan applicants?
A. The loan amount eligibility of personal loan applicants depends on their monthly income, existing monthly obligations including credit card debt and the policy of the company at the time for loan application.
Q. Does Fullerton India offer preferential interest rates to any of its applicants?
A. Fullerton India offers preferential interest rates to doctors and women availing personal loans from the NBFC.
Q. Can I prepay my personal loan availed from Fullerton India?
A. Yes, you can prepay your personal loan availed from Fullerton India. The NBFC levies prepayment charges ranging between 0-7% on personal loan applicants.