Fullerton India Personal Loan

The product range offered by Fullerton India is both diversified and exclusively designed to meet the requirements of personal loan consumers depending on the nature of requirement. Fullerton India personal loan do not require any guarantor or collateral/security. The funds availed can be utilized for meeting the medical expenses or expenses on foreign trips, home renovations or for any other miscellaneous purposes.

Fullerton India offers personal loans to its existing customers with a host of benefits and facilities which include competitive interest rates and easy payment tenures which can extend up to the period of 48 months.

Fullerton India Personal Loan Interest Rate

Interest rate may vary from 20% to 49% per annum. The rate of interest offered by Fullerton India Credit Company Ltd is as per the prevailing market trends, yet competitive compared to most of the market players. The interest rates are indicative only and the final rate being offered would vary and calculated on the basis of below mentioned points.

• Profile of Customers
• Tenure of the Loan
• Geography of residence
• Nature of Collateral (If provided)
• Prior / existing relationship with Fullerton India.

Fullerton India Personal Loan Features and Benefits

Availing personal loan from Fullerton India is a quick and seamless process, catering to a wide range of personal finance needs of a customer. Below are some of the features and benefits if one wants to apply for a personal loan from Fullerton India:

• No collateral or security is required for applying a personal loan with Fullerton India
• Maximum Fullerton India personal loan amount is 20 lakhs for salaried and 30 lakhs for self-employed person. This however depends on the customer profile and other financial parameters which are duly explained by the relationship manager from Fullerton India while processing the loan.
• The personal loan tenure ranges from 12 months to 48 months.
• Fullerton India offers personal loan scheme for Wedding, Holiday, Home Improvement and Emergency, women and doctors also get special offers on personal loans from Fullerton India.
• Additional benefits available to those who have existing relationship with Fullerton India. Adding delight to its existing customer Fullerton offers top up facility on the existing principal outstanding.

Fullerton India Personal Loan Eligibility Criteria

Fullerton India has a set of eligibility criteria for loan applicants who wish to apply for a personal loan:

• The applicant should be at least 21 years of age.
• The age of the applicant should not be more than 65 years.
• It is available for salaried individuals as well as self-employed resident individuals with a regular income.
• The applicant must be earning more than the minimum income required for Fullerton India personal loan.

The Fullerton loan amount eligibility is based on the following factors:

• The minimum monthly income required of an individual is Rs.12000.
• The maximum personal loan allowed is Rs.15 lakhs.
• Any existing EMIs with loans from other banks lowers the applicant’s eligibility of availing the desired loan amount. But the applicant can increase and improve his personal loan amount eligibility for availing the desired loan amount by following these steps:

• Paying off his credit card bills on and before the due dates.
• The applicant should always opt for longer tenure for Fullerton India personal loan repayment that is more than 4 years.

The Fullerton India offers personal loan for its women customers. The following are the eligibility criteria for them:

• Women from urban, rural or semi-urban areas can apply for the loan.
• Fullerton India has preferential interest rate on the personal loan, encouraging professional women to apply with the bank.
• The maximum loan amount for Fullerton personal loan is Rs.30 Lakhs, depending on the income and financial parameters of the loan applicant.
• The maximum loan repayment tenure is 48 months or 4 years.

*Interest rates are subject to change at any point of time at the sole discretion of FICCL

Foreclosure Charges on Personal Loan:

 Loan Applicants can foreclose only after 6 months of the personal loan. Below are the foreclosure charges:

Documents Required for Fullerton India Personal Loan

The documents required for personal loans from Fullerton India by Salaried persons are:

• Latest passport sized photograph
• Proof of identity (Copy of Passport / Voter Identity Card / Driving License / PAN Card)
• Address Proof (Copy of Ration Card / Telephone Bill / Electricity Bill / Rental Agreement / Passport Copy / Bank Passport or statement / Driving License)
• Age proof (Copy of PAN Card, Passport, any other documents from statutory authority)
• Bank statements of the Last six months or Salary Slip of the last 3 years
• Form 16.
• Income Tax Return for last 3 years
• Processing fees Cheque

The documents required to apply for personal loan from Fullerton India by Self-Employed individuals are:

• Latest passport sized photograph
• Proof of identity (Copy of Passport / Voter Identity Card / Driving License / PAN Card)
• Address Proof (Copy of Ration Card / Telephone Bill / Electricity Bill / Rental Agreement / Passport Copy / Bank Passport or statement / Driving License)
• Age proof (Copy of PAN Card, Passport, any other documents from statutory authority)
• Bank statements of the Last six months or Salary Slip of the last 3 years
• Form 16.
• Income Tax Return for last 3 years
• Processing fees Cheque

How to track Personal Loan Application Status with Fullerton India?

In order to track the status of the Personal Loan Application, one can go to the Bank’s website, www.fullertonindia.com. On the homepage itself there is a ‘Contact Us’ tab. Under this tab, there is an option of ‘Track your Personal Loan Application’

This option will ask for a few details like the Loan Application ID, Mobile Number and Date of Birth. After filling in the correct details, the Bank will help you track the status of the Personal Loan.

One can also track the status submitted online through the InstaLoan App or offline by calling on: 9594763763. A call back will be received within 24 hours

Online Credit Information Report

• In one of its kind service, Fullerton India Allows its customer to have the access of their credit Information credit/loan history, including identity information, credit accounts, loans, payments, recent enquiries and credit score. Credit score is basically the statistical depiction of the repayment track of any credit facility such as loan or credit card availed. This is one of the most critical benchmark of any loan sanction process.

Obtaining Credit Information Report Online through Fullerton India

• Login to www.fullertonindia.com > On the right hand side select Credit Information Report Online>
• A new Window would pop up (Customer should ensure the POPUP BLOCK is activated) > Fill up the required details like registered phone number and Loan Account Number and submit.

Points to be noted:

The Credit Bureau Report is in partnership with Experian and applicable only for existing Fullerton India loan customers

Customer shall receive the credit information report on mail only if any email id is registered against the loan account number. In case no email id is updated, customers have to download the same and save in their computer. Under No circumstances, the hard copy shall be sent via post/ courier.

Other Value Added Services: Fullerton India offers its customer to pay Online the outstanding payments on any Loans availed from Fullerton India Credit Company Ltd. This service is offered in partnership with Bill Desk

Why Choose Fullerton India Personal Loan?

• HIGH QUANTUM OF LOAN:

The Fullerton India offers personal loans with a high quantum to the eligible applicants. The maximum amount of loan offered by Fullerton India to its borrowers is Rs.20 lakhs for salaried individuals and Rs.30 lakhs for self-employed individuals. The Fullerton India offers the highest quantum of loan compared to other financial institutions or companies or any other public sector bank in its grade.

• COMPETITIVE INTEREST RATES:

Fullerton India banks to offer personal loan at a very competitive rate of interest. Following a monthly reducing balance method the company ensures the maximum benefits to its borrowers through personal loans.

• EASY ACCESSIBILITY:

Fullerton India has several branches both in urban and rural sectors. Fullerton India assures that loan facilities should be easily accessed by all the citizens living in both urban and rural sectors.

• HASSLE FREE APPLICATION PROCESS:

Fullerton India personal loans can be easily applied for through the online application process. The applicant can easily request for the loan with a minimal requirement for documents and quick loan is disbursed with least processing time taken.

• SPECIAL BENEFITS FOR THE EXISTING CUSTOMERS:

Fullerton India provides special offers to their existing customers for pre-approved personal loans. Since Fullerton India has a large customer base who are associated with the bank either with the commercial loan, rural financing schemes, or with any financial assistance, they receive intimation from the bank related to the new products and offers available based on their past financial history.

• INSTANT APPROVAL:

Loan Applicants interested in availing the personal loan from Fullerton may not visit the branch personally or physically but can easily apply through online portal of the bank and the bank being satisfied with the applicant’s details and cross-checking all the parameters required can approve the loan within 4 weekdays to all the eligible customers.

• SEASONAL OFFERS:

The Fullerton India offers many attractive discounts on processing fees as well as interest rates during the festival season so as to attract more and more customers and increase its shareholding in the financial market. The customers can easily make the most from the available discounts and offers to meet their personal requirement.

Fullerton India Advantage Personal Loan

• Fullerton India Personal Loan aims to bridge the gap between dreams and reality. No matter what kind of expense it is – whether planned such as vacation, marriage, education or any unplanned or unexpected expense such as medical emergency, Fullerton India Personal Loan is available to stand with its consumer.
• Fullerton India offers simplified documentation process and complete hand holding till the disbursement of loan. The supportive customer service ensures to provide financial assistance to the customers in the least possible time frame.

Fullerton India Personal Loan Calculator
To know the EMI Calculation on the Personal Loan, you can go to Paisabazaar.com

The calculation will give the estimated EMI for each month.

How EMI Calculator on Paisabazaar.com works?

1. Personal Loan EMI Calculator calculates EMI for Personal Loan on the basis of inputs given by the Loan Applicant. The EMI Calculator asks for the following details:
2. Loan Amount
3. Loan Tenure
4. Interest Rate

On sharing the above details, www.paisabazaar.com will tell you the monthly EMI that will be invested every month on the Personal Loan.

How to apply for Fullerton India Personal Loan?

• Apply Fullerton India personal loan online:
• These days it has become extremely easy for the customers to apply for personal loan online. The customer can visit www.paisabazaar.com to apply for Fullerton India personal loans in a few easy steps.
• The customer needs to log onto www.paisabazaar.com and go to the loan section to select personal loans and he will be landed on the personal loan lead page. Here the customer will be required to fill up his personal details like name, address, and the contact details. The customer is also required to give the information about the loan he/she is willing to take, amount of loan required, duration of loan, monthly net income, any overdue loans.
• The bank based on the information and personal loan requests given by the customer will provide with the various options where he can compare the various parameters and choose the best suitable option for himself.

Fullerton India Customer Care:

To know details on Personal Loan, Business Loan, Home Loan, Insurance etc. You can call on the Toll-Free Number of Fullerton India: 1800 103 6001

Individuals can also Email the Bank and know more about the Banking Products at namaste@fullertonindia.com

FAQs (Frequently Asked Questions)

Ques. Who all are eligible to apply for a Fullerton India personal loan?

Ans. The salaried as well as self-employed individuals can avail Fullerton personal loan.

Ques. What is the maximum Fullerton India personal loan amount I can avail?

Ans. A person can avail a loan amount of up to Rs.20 lakhs if he is salaried and Rs.30 lakhs if he is self-employed. The actual loan amount is calculated on the income level and other parameters set by Fullerton.

Ques. What is the maximum and minimum loan tenure I can avail?

Ans. The borrower can repay the Fullerton personal loan for up to 12 months to 48 months.

Ques. How much would I need to repay every month?

Ans. At the time of availing the loan you can calculate the EMI for Fullerton India personal loan based on the interest rate for personal loan, the loan tenure, and the loan amount sanctioned through an online EMI calculator available at Paisabazaar.com

Ques. Can I foreclose or prepay the Fullerton India personal loan?

Ans. Yes, you can pre-pay the loan after a minimum period of 6 months.

Ques. If I have availed a Fullerton India loan before, then what are the additional advantages I can get?

Ans. If you are an existing customer of Fullerton India then you may get a faster processing of the loan and special interest rates which are offered only to existing customers. The existing customer is also eligible for a Top-up loan on the already existing overdue Principal amount.