Fullerton India Personal Loan

Fullerton India Personal Loan Interest Rates

Fullerton India offers personal loans starting @ 11.99% p.a. The final interest rates offered to the applicants depend upon age, monthly income, job profile, employer’s income, credit score, loan repayment history, etc.

Comparison of Fullerton India PL vs Other Lenders

Fullerton India Processing Fees & Charges

Types of Fullerton India Personal Loan

For Elite Applicants

• Purpose: To meet 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

For Salaried

• Purpose: To meet the personal requirements of salaried applicants
• Loan Amount: Up to Rs 25 lakh
• Tenure: Up to 5 years
• Processing Fee: 0%-6% of the loan amount

Also Know: Which Banks/NBFCs in India provide personal loans for salaried?

For Self-employed

• Purpose: To meet the personal requirements of self-employed applicants
• Loan Amount: Up to Rs 10 lakh
• Tenure: Up to 5 years
• Processing Fee: 0%-6% of the loan amount

For Doctors

• Purpose: For consultants and practicing professionals working in a private or government hospitals or 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

Also Know: What is the minimum income requirement to apply for a Personal Loan for Doctors

For Wedding

• Purpose: To meet the financial requirements for wedding
• 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

Also Read: What should I know before taking out a wedding loan?

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: To meet the 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: To fulfill the personal requirements of women and help them achieve financial freedom
• Disbursal Time: Up to 72 hours of approval

Personal Loan for Medical Emergency

• Purpose: To meet the financial requirements during a medical emergency
• 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

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

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

Fullerton India Personal Loan EMI Calculator

Personal Loan at Attractive Interest Rates Apply Now

FAQs

Q. How is my interest rate decided by Fullerton India?

The interest rate offered by Fullerton India is influenced by various factors like credit score, age, repayment history, loan amount, etc.

Q. Can I foreclose my personal loan?

Yes, you can foreclose your Fullerton India personal loan any time after paying the 6^th EMI along with the applicable foreclosure charges.

Q. Who is eligible to apply for a Fullerton India personal loan?

Salaried, as well as self-employed individuals/professionals, can avail personal loan from Fullerton India. This is however subject to meeting some other eligibility criteria such as age, income level, etc.

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

A person can avail a loan amount of up to Rs. 25 lakh. The maximum personal loan amount that can be offered to an individual depends upon his income, credit score, repayment history, etc.

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

The borrower can repay the Fullerton personal loan for up to 12 months to 60 months.

Q. Am I eligible for Personal Loan for Elite customers?

If your monthly income is more than Rs. 75,000, you can apply for Personal Loan for Elite customers.

Q. What is the turn-around time for a personal loan from Fullerton India?

Typically Fullerton India issues conditional approval of personal loan applications within 72 hours of receiving the application. However, the actual turn-around-time may vary based on various criteria such as loan amount, location of the borrower, loan tenure, etc.