Fullerton India Personal Loan: Features, Benefits, and Eligibility

4 Min Read

Fullerton India, a leading non-banking financial company (NBFC) in India, offers a wide range of financial products, including personal loans. Fullerton India’s personal loans cater to various needs, such as home renovation, debt consolidation, medical emergencies, travel, or other personal expenses. This article provides an overview of the features, benefits, and eligibility criteria for Fullerton India’s personal loans.

I. Features of Fullerton India Personal Loan

  1. Loan amount: Fullerton India offers personal loans ranging from INR 50,000 to INR 25,00,000, depending on the borrower’s eligibility and requirements.
  2. Flexible tenure: Borrowers can choose a loan repayment tenure between 12 and 60 months, depending on their financial situation and repayment capacity.
  3. Interest rates: The interest rates for Fullerton India personal loans start at 11.99% per annum and vary based on factors such as the borrower’s credit score, income, and repayment history.
  4. Minimal documentation: Fullerton India requires minimal documentation for personal loan applications, ensuring a hassle-free application process.
  5. Quick approval and disbursal: The company provides quick loan approvals and disbursal, usually within 24-48 hours of receiving the completed application and required documents.

II. Benefits of Fullerton India Personal Loan

  1. Customized loan solutions: Fullerton India offers tailored personal loan solutions to meet individual needs and preferences.
  2. Online application and management: Borrowers can apply for a personal loan online through Fullerton India’s website or mobile app, as well as manage their loan accounts conveniently.
  3. Balance transfer facility: Fullerton India provides a balance transfer facility, allowing borrowers to transfer their existing high-interest personal loans to Fullerton India for lower interest rates and better loan terms.
  4. No collateral or guarantor required: Fullerton India personal loans are unsecured, meaning borrowers are not required to provide any collateral or guarantor.

III. Eligibility Criteria for Fullerton India Personal Loan

  1. Age: Borrowers must be at least 21 years old and not more than 65 years old at the time of loan maturity.
  2. Employment: Salaried individuals should have a minimum work experience of 1 year, with at least 6 months in their current organization. Self-employed individuals should have a minimum of 3 years of business vintage.
  3. Income: Salaried individuals must have a minimum monthly income of INR 15,000, while self-employed individuals should have a minimum annual income of INR 1,80,000.
  4. Credit score: Borrowers should have a good credit score and a clean repayment history to qualify for a personal loan.

Fullerton India's personal loans offer a flexible and convenient financing solution for individuals looking to address various personal expenses. By understanding the features, benefits, and eligibility criteria for Fullerton India personal loans, borrowers can make an informed decision and choose a loan product that best suits their needs and financial situation. Always compare multiple lenders and their offerings to ensure you select the most favorable loan terms and conditions.

Share This Article
An experienced, qualified and result oriented professional with several years experience as a Chartered Accountant. Hemant assignment in various industries have helped him to develop expertise in sales, customer relation management, and Enterprenurship. Hemant has got degree in B. Com ( Hons. ) from Delhi University and is a Chartered Accountant by profession.Specialties: Accountancy, Taxation, Corporate Law, Business Audit, Entrepreneurship.
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.