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Fullerton India Personal Loan

Fullerton India Credit personal loan serves financial support to people at times of unforeseen or urgent financial needs. Whenever there is a need to draw in more finances in order to back your personal purposes, there is a Fullerton personal loan that you can count on. Fullerton is one of the Non-Banking Finance Companies to offer personal loans.

Personal loan is a type of loan that is availed to fund different kinds of personal requirements. The reasons to apply for a Fullerton India personal loan include different expenses such as education, medical and debt consolidation. This NBFC offers personal loans at competitive interest rates and gives borrowers a flexible period of repayment. Let us move ahead and know more about the Fullerton India personal loan. 

Fullerton Personal Loan Interest Rates & Charges

Loan Amount

Ranges from Rs 25,000 to Rs 25 lakh

Interest Charges

Starts from 10.99% 

Processing Fees

2.75% of the loan amount + GST 

Tenure

Up to 72 months

Prepayment Charges

4.5% of the principal outstanding at the time of pre-closure + GST

Fullerton India Personal Loan: Features and Benefits

Here is the set of some important features and benefits of Fullerton personal loan that you can’t miss:

1. Multipurpose Loan : There are a slew of different reasons why you might need a Fullerton personal loan. At times, we end up needing more funds than we already have in our budget to finance impending events. Fullerton personal loan is there to help you to stop fretting over them and face them instead. The lender offers personal loan for following reasons:

  • To buy a used car
  • Medical emergencies
  • Home renovation 
  • Wedding expenses
  • Debt consolidation
  • Higher studies 

2. Loan Amount : The loan amount you can apply for is decided upon various factors such as your employment status, your monthly/annual income, your age etc. You can avail up to Rs 25 lakh of loan amount from Fullerton.

3. Interest Charges : The Fullerton personal loan interest charges start at 11.99% and range up to 23.99%. The personal interest charges by Fullterton are determined based on a range of factors such as your credit history, your income, employment status etc. The lender also takes into consideration whether you are an existing customer or a new one which can bring some difference in the rates. 

4. Repayment Tenure : You get a comfortable amount of time for the repayment of your Fullerton personal loan. The lender offers you the loan repayment tenure starting from 12 months that range up to 60 months. You can choose a long repayment period and pay small installments or you can opt for a shorter repayment tenure and pay a larger amount of installments. The latter will reduce the interest charges on your loan. 

5. Prepayment : Fullerton personal loans come with a facility for customers to prepay the loan amount without paying the EMI every month until the tenure. You can opt to prepay Fullerton personal loan amount and foreclose it. However, the lender charges foreclosure fees in this case. 

If you choose to prepay your personal loan amount after 36 months, the bank charges no foreclosure fees. If you choose to prepay the loan amount before 36 months, then here are the charges that apply:

  • If you make full prepayment after 17 EMIs, you will be charged 7% of the loan amount
  • If you make full prepayment after 18-30 EMIs, you will be charged 5% of the loan amount
  • If you make full prepayment after 24-35 EMIs, you will be charged 3% of the loan amount

6. Disbursal : The Fullerton personal loan application procedure is free of fuss and does not consume much of your time. Once all the checkpoints have been performed and your personal loan is approved, the Fullerton personal loan gets credited to your account within an hour. 

Eligibility Criteria for Fullerton Personal Loan

You need to meet the eligibility requirements designed by the lender in order to successfully avail the Fullerton personal loan. Your eligibility is determined by different factors such as 

Here is the eligibility criteria for Fullerton personal loan:

  • The applicant should be a resident Indian citizen.
  • The applicant should either be self employed or be an employee of public sector undertaking or private limited company.
  • The minimum age of the applicant should be 21 years.
  • The maximum age of the applicant should be 60 years at the time of loan maturity.
  • The minimum income of a salaried applicant should be:
    • For those who reside in Mumbai or Delhi: Rs 25,000 per month
    • For others: Rs 20,000 per month

Documents Required for Fullerton Personal Loan Application

Documents

Salaried Individuals

Self Employed Individuals

Identity Proof

Aadhar Card, Passport, Driving Licence, Voter ID Card

Aadhar Card, Passport, Driving Licence, Voter ID Card

Address Proof

Passport, Voter ID Card,  Recent Utility Bill such as Electricity Bill, Water Bill, Telephone Bill

Passport, Voter ID Card,  Recent Utility Bill such as Electricity Bill, Water Bill, Telephone Bill

Income Proof

Salary Slips, Bank Statement, Form 16, Salary Certificate

IT returns, Bank Statements, Balance Sheet and Profit & Loss Account, Challans Showing Payment of Advance Income Tax

Other Documents

Passport-size Photographs, Application Form

Passport-size Photographs, Application Form

COMPARE OTHER BANK PERSONAL LOAN INTEREST RATE:

BANKS

INTEREST RATES

AXIS Bank Personal Loan

12% to 24%

SBI Personal Loan

11.30% to 16.40%

HDFC Bank Personal loan

10.75% to 21.50%

Kotak Mahindra Bank Personal Loan

10.50% to 16.99%

Yes Bank Personal Loan

20.00% to 22.00%

Citi Bank Personal Loan

10.50% to 17.99%

ICICI Bank Personal Loan

10.99% to 16.25%

Standard Chartered Bank Personal Loan

11.00% to 19.20%

IDBI Bank Personal Loan

12.00% to 14.00%

RBL Bank Personal Loan

14.00% to 23.00%

HSBC Bank Personal Loan

10.75% to 17.84%

IndusInd Bank Personal Loan

11.00% to 16.75%

Bank of Baroda Personal Loan

7.65% to 12.65%

Bank of India Personal Loan

12.15% to 14.15%

Canara Bank Personal Loan

12.05% onwards

Fullerton Personal Loan EMI Calculator

You can use the Fullerton personal loan EMI calculator and know the total amount payable as the monthly installments of your Fullerton loan. The EMI calculator uses the loan amount, loan tenure and rate of interest to fetch you the payable EMI. 

Here is how to calculate the personal loan EMI with Fullerton EMI Calculator:

  • Go to the official website of Fullerton India. 
  • Now, hit the “Personal Loan” dropdown menu.
  • Click on the “EMI Calculator”.
  • Enter the loan amount, total months of repayment tenure along with the rate of interest applicable.

You can now see the “Your Calculated EMI” amount next to the EMI calculator.

How to Apply for Fullerton India Personal Loan?

You can apply for the Fullerton personal loan online. The lender offers you to get started with the personal loan application from their official website which makes it quick and easy. 

Here is how to apply for the Fullerton personal loan online:

  • Go to the official website of Fullerton India.
  • Navigate to the “Personal Loan” dropdown menu.
  • Now, click on the “Apply Now” button.
  • After that, you can select whether you are a salaried applicant or a self employed applicant.
  • Enter the required information and continue.

Fullerton India Personal Loan Customer Care

  • Customer Care Contact Number - 1800 103 6001
  • Customer Care Mail - namaste@fullertonindia.com

FAQs On Fullerton Personal Loans

Q.1 How can I track my Fullerton personal loan status?

You can visit the official Fullerton India website and then go to the “Track Your Personal Loan Application’ option to check the status of your personal loan application. You can also contact the lender and enquire about the status of your personal loan. 

Q.2 How much loan amount can I avail from fullerton India?

You can avail the loan amount ranging from Rs 25,000 to Rs 25 lakh. However, the loan amount you get will be determined upon some important factors including your eligibility, income and your repayment capacity.

Q.3 How can I calculate the EMI using the Fullerton EMI calculator?

You can visit the official web portal of Fullerton India and hit the loan EMI Calculator. You will be required to enter the loan amount, loan tenure and the interest rate applicable. 

Q.4 What if I miss the payment of my Fullerton personal loan EMI?

The bank will charge you 2% of the overdue EMI per month for late/default payment of your Fullerton personal loan EMI. 

Last Updated on : 31/Mar/2021

Know More About

Fullerton India Personal Loan

You're eligible for a Fullerton India Personal Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Personal Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Fullerton India Personal Loan Interest Rates

Updated on 25 Nov 2017

Fullerton India Personal Loan Details
Interest Rate (Monthly reducing balance) 11.99% - 36%
Processing Fees 0%-6% of the loan amount
Loan Tenure Upto 5 year to years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Personal Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959