Fullerton India Personal Loan

Interest Rate starts from 18.50%
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Personal Loan From Fullerton India

A personal loan can come in help for any kind of situation like marriage, vacation, festivals, medical emergency etc. ApnaLoanBazaar provides you the customized and personalized quote for Personal Loan at lowest interest rates from various banks.
Interest Rate starts from 18.50*%
Processing Fee
1.50%
Loan Tenure
Upto 4 Years
Guarantor Requirement
No
Part-Payment
Not Allowed
Pre-Closure Charges
3%

About Fullerton India

Fullerton India launched commercial operations in January 2007. We have since established ourselves firmly in the country's financial landscape, with a network of over 361 branches across the country, serving over a million customers. Fullerton India Credit Company Limited is a wholly owned subsidiary of Fullerton Financial Holdings Pte. Ltd., which in turn is a wholly owned subsidiary of Temasek Holdings, Singapore. Fullerton Financial Holdings invests in financial institutions in emerging markets with a focus on Business and Consumer banking.

Highlights

Golden Peacock 'Innovative Product' Award, 2014
Asset Award - Best Electronic Banking Implementation, 2014
ABP News Global CSR Award for' Community Development' & 'CSR Leadership', 2014
Rural Marketing Award for 'Most Effective Use of Direct Marketing to Rural Consumer, 2014
ABP News BFSI Award for ‘Innovative Initiative in Social Sector’ & ‘Best Use of Mobile Technology in Financial Services’, 2014
Flame Award for 'Excellence in Rural Marketing & Communication', 2014

FAQs About Fullerton India Personal Loan

Who can apply for a Personal Loan?
  • Fullerton Personal Loan is available for salaried individuals as well as self-employed individuals.
Do I need to hypothecate my assets or provide any other collateral to avail a Personal Loan from Fullerton India?
  • You do not need to hypothecate any assets to avail a Personal Loan from Fullerton India.
What is the maximum loan amount I can avail?
  • You can avail up to ` 20 Lakhs if you are salaried and ` 30 Lakhs if you are a self- employed businessman. The actual loan amount eligibility will be calculated based on your income and other parameters that the Fullerton India Relationship Manager will explain.
What is the minimum and maximum Loan tenor I can avail?
  • You can repay your loan over a period of 12 months to 48 months.
How much would I need to repay each month?
  • At the time of booking of your loan, the EMI (Equated Monthly Installments) will be calculated based on the loan amount sanctioned, interest rate and the tenor.
What is an EMI?
  • EMI or 'Equated Monthly Installment' is the convenient monthly amount that you have to service to pay back the loan availed. The EMI consists of both the principal and interest components.
Can I foreclose or prepay my loan?
  • You can foreclose your loan after a minimum period of 6 Months.
Is there any advantage that I can get if I have already availed a Fullerton India loan earlier?
  • Yes, if you are an existing customer of Fullerton India, you will get additional benefits on the processing time as well as the interest rate. What's more, you will be eligible for a pre-qualified Top Up on your existing Principal Outstanding.
Why shouldn't I avail my sudden need for cash through a 'cash advance' on my credit card?
  • Your credit card can be an option, but withdrawing cash using a credit card can turn out to be very costly if you do not repay it quickly. Interest rates on credit card cash withdrawals can go as high as 40 per cent on an annual basis depending on the type of card you use and you also do not get the interest free period to pay back. In short, interest is charged from the moment you withdraw the cash. There is also an additional transaction charge that is levied on the withdrawal at the ATM. In comparison, a Personal Loan is cheaper and the repayment can be spread over a long period.

Required Documentation For Salaried Persons

  • Filled Application Form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Latest 3 months Payslips
  • Job Continuity Proof
  • 2 Passport Size colour Photographs
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate

Required Documentation For Self Employed

  • Filled Application Form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size colour Photographs
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate

Identity Proof For Personal Loan

  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification

Age Proof For Personal Loan

  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)

Income Proof For Personal Loan

  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Job Continuity Proof For Personal Loan

  • Form 16
  • Relieving letter
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)

Banking History For Personal Loan

  • Bank statements of latest 2 months
  • 3 months bank passbook

Personal Loan Can Be Used For Many Purposes Like Below

Higher Education

Marriage

Vacations

Festivals

Medical Emergency

Home Renovation

Consumer Goods

School Fees

Why To Fullerton India Avail Personal Loans?
Expert Advice
Factors That Affect Interest Rates
Advantages And Disadvantages
10 Things To Keep In Mind
Fullerton India Personal Loan Precautions