When you imagine some unexpected expenses–what comes to your mind straight away?
Obviously, credit cards or personal loans.
But for cheaper loans, everybody opts for a personal loan because they are collateral free and there is no string attached to the end-use of the funds.
So, you can use them as you want.
But choosing the best personal loan is also a challenge because there are too many lenders which offer personal loans at their convenience.
In simple words, you may get a personal loan but at a higher interest rate…. that you won’t like.
If you’re also searching for a cheaper personal loan, then you may like the Fullerton India personal loan. To know more about the benefits, interest rate, and eligibility criteria read this blog.
Benefits of Fullerton India Personal Loan
- Fullerton India provides personal loans at a lucrative rate of interest. It offers personal loans interest rate starting from 10.99%.
- If a borrower wants to avail a personal loan for a longer tenure, he can choose a flexible tenure up to 48 months.
- If you apply for Fullerton India’s personal loan online, you can enjoy a quick disbursal of loan amount in your account within a few days.
- Fullerton India offers collateral-free personal loans. Hence, you can take advantage of a personal loan without risking your valuables.
- If you apply for a Fullerton India personal loan, you need minimal documents to process your personal loan application. The best part of the lesser documentation is that you can experience a speedy application process.
Fullerton India Personal Loan Interest Rate, Processing Fee, and the Loan Tenure
| Lenders Name | Fullerton India |
| Interest rate | 12.99% – 40% |
| Processing fee | Up to 2% of the loan amount + GST |
| Loan amount | Up to Rs 30,00,000 |
| Loan tenure | Up to 48 months |
Eligibility Criteria to Avail Fullerton India Personal Loan
| Salaried Individuals |
| Age of the applicant should be between 21 years to 60 years. |
| The applicant should have an experience of at least 3 years |
| The applicant should have a current experience of at least 6 months. |
| Minimum net monthly income of the applicant should be RS 15,500 or above. |
Documents Required for Fullerton India Personal Loan
| Salaried applicants | Self-employed applicants |
| Signed loan application form | Signed loan application form |
| Recent Photographs | Recent photographs |
| Age proof | Identity proof |
| Address proof | Address proof |
| Identity proof | Processing fee cheque |
| Processing fee cheque | Latest 6 months bank statements |
| Latest 6-month bank statement | ITR for last 3 years (audited by CA) |
| Last 3 month’s salary slips | Proof of business |
Fullerton India Personal Loan EMI Calculator
The Fullerton India personal loan EMI calculator is a plain tool that can compute your monthly EMIs, total interest outgo before applying for a personal loan.
Assume you apply for a personal loan of Rs 5 lakh for the four years, then the personal loan EMI calculator will show your monthly instalments and the total interest as shown in the table below.
| Loan amount | Interest rate | Tenure | Principal | Total interest | Total amount |
| Rs 5,00,000 | 13% | 1 | Rs 1,01,894 | Rs 59,070 | Rs 1,60,965 |
| Rs 5,00,000 | 13% | 2 | Rs 1,15,959 | Rs 45,006 | Rs 1,60,965 |
| Rs 5,00,000 | 13% | 3 | Rs 1,31,965 | Rs 29,000 | Rs 1,60,965 |
| Rs 5,00,000 | 13% | 4 | Rs 1,50,181 | Rs 10,784 | Rs 1,60,965 |
EMI, Total Interest Outgo, and Total Repayment Per Year
| Year | Principal | Interest | Balance Amount |
| 1 | Rs 1,01,894 | Rs 59,070 | Rs 3,98,106 |
| 2 | Rs 1,15,959 | Rs 45,006 | Rs 2,82,146 |
| 3 | Rs 1,31,965 | Rs 29,000 | Rs 1,50,181 |
| 4 | Rs 1,50,181 | Rs 10,784 | Rs 0 |
Fullerton India Customer Care
In case of any doubt, the applicant can also reach out to Fullerton India customer care.
Fullerton India Customer Care Number toll free: 1800 103 6001.
Fullerton India Email id: namaste@fullertonindia.com
FAQs
What is the best way to apply for a personal loan?
If you will make an online application for your personal loan, chances are you will get your loan easily.
How can I track my application for Fullerton India personal loan?
By visiting the official website of the Fullerton India, you can track your personal loan status. Another way to track the application is to visit www.afinoz.com and click on the ‘Track My Application’ tab to track the personal loan application.
Can I foreclose my personal loan?
Yes, you can foreclose your FULLERTON personal loan, but the charges between 0-4% will be applicable on the outstanding loan amount.
What is the maximum tenure for Fullerton India personal loan?
If you apply for a personal loan from Fullerton India, you can take a personal loan up to a maximum tenure of 48 months.
We can borrow how much amount from Fullerton India?
The Fullerton India offers personal loan up to Rs 30 lakh. However, the amount may differ from one user to another based on the applicant’s credit profile.
Can I get a Fullerton India even after having a low credit score?
Good credit score of 750+ helps you to secure a personal loan at a lower interest rate. However, apart from a good credit score, a lender sees various other factors in your loan application. If you are strong in other areas such as sound income, or employed in a reputed organisation, then you can get personal loan easily.