With the rising inflation, common middleclass men need to take personal loan to fulfil their dreams. Fullerton India credit company Limited provides investment and credit solution for salaried and self-employed people in India. In this post, let’s read more about Fullerton India personal loan interest rate.
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Fullerton India Credit Company Limited
Fullerton India credit company ltd is a non-banking financial company (NBFC) that provides investment and credit solution for salaried and self-employed people in India. Fultron India provides different types of loans catering to the needs of common people.
If you have been thinking about taking a personal loan, check out the details about Fullerton personal loan.
Fullerton India Personal Loan
Fullerton India Credit co ltd provides personal loan for medical emergencies, buying used car, debt consolidation, meeting wedding expenses and home renovation. You can borrow up to Rs.25 lakhs with flexible repayment tenure from 12 to 60 months.
The interest rates starts from 11.99%. You can get the financial support within minutes using their online process for instant personal loan from the comfort and safety of your home.
Salient Features
Fullerton India loan (Fultron loan) has the following features.
1. Fullerton bank provides loan up to Rs.25 lakhs according to the credibility of the borrower.
2. The loan procedure is totally paperless if you apply online.
3. The tenure of Fullerton loan can range from 12 months to 60 months.
4. The processing fee for Fullerton India Bank personal loan is 0% to 6% of the loan amount.
5. The approved amount will be credited to your bank account within 30 minutes of approval.
6. In case of prepayment or foreclosure of the loan, Fullerton may charge some charges. You may check out the prepayment and foreclosure charges here.
7. There are additional benefits for existing customers.
Eligibility
The eligibility criteria of Fullerton personal loan are as follows.
1. Individual must be an Indian citizen between the age of 21 years and 60 years.
2. He/she must have a stable monthly income of at least Rs. 20000. If you are living in Mumbai or Delhi, the minimum income criteria is Rs. 25000 monthly. For self-employed individual, this minimum income criteria is determined by the bank according to his/her profession industry.
3. Individual must have work experience of at least 1 year and at least 6 months in the current company.
4. The borrower must have a CIBIL score equal or above 750
5. The maximum EMI shall be 65% of the borrower’s monthly income. However, this is subject to some terms and conditions of the Fultron Bank.
Documents Required
You require to provide the following documents to Fullerton India Credit Company Ltd in order to avail loan.
1. You have to provide KYC documents, i.e, photo identity proof such as Voter ID, Aadhaar Card or driving license.
2. You need to submit income proof or salary slips of the last 3 months if you are salaried or self-employed respectively.
3. Bank account statements of your salary account (for salaried) or current account (for self-employed) of the last 6 months.
Fullerton India Personal Loan interest rate
Fullerton personal loan interest rate starts from 11.99% to 36%. The interest rate depends on the loan amount, bank loan policy at the time of loan issuance and your ease of EMI payment.
Fullerton Personal Loan Calculator
The Fullerton India personal loan calculator comes with three tabs to arrive at EMI in an instant. Just follow the simple steps mentioned below to find yours.
1. Select the loan amount you are seeking. You can choose an amount up to Rs.25 lakhs.
2. Now, select the tenure. You can select a tenure of up to 60 months.
3. Here, set the “Rate of Interest” to calculate your EMIs.
Click here to calculate your EMIs instantly.
Online Application Process
You can avail loan smoothly by using Fullerton India app or their official portal. Download Fullerton Instaloan App from playstore or visit https://www.fullertonindia.com/personal-loan.aspx.
1. Click on “Personal Loan”. Then “Apply Now”.
2. Fill up mobile number and mention whether you are salaried or self-employed
3. You have to undergo OTP verification.
4. The next step involves filling up your bank account details.
5. The app or website asks you for the required documentation and notifies you about the loan eligibility.
6. You can select the loan amount and tenure.
7. Once the loan application is approved, the money will be transferred to your bank account.
You may also apply for a loan from Fullerton India bank by visiting the nearest branch. If you are not sure of the branch location, search “Fullerton India near me” on Google.
Final Thoughts
Personal loans have become the most convenient way of fulfilling you dream at the cost of regular EMI payments. Fultron finance has helped several Indians to achieve their financial goal with Fullerton India personal loan. It provides you the flexibility of repayment at an affordable interest rate.
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