Fullerton India Credit Company Limited
FULLERTON INDIA CREDIT COMPANY LIMITED
Personal Loans

Personal Loans

We all have needs and aspirations that remain unfulfilled due to the gap that exists between dreams and reality. And this is where a Fullerton India Personal Loan can help in making a difference in your life. No matter what your financial needs are - unexpected expenses, a medical exigency, school or college admission, wedding in the family, home improvement or that long awaited vacation; whatever the occasion, our range of Personal Loans can help you meet your needs. The procedure is simple and quick. You do not have to hypothecate any collateral or property to avail this loan. All you have to do is to follow some simple steps and help our team understand your requirements.

  • Fullerton India Advantage

  • Documentation

  • FAQs

  • A continuous relationship based funding model to meet finance needs as and when required through a variety of products
  • Flexibility with regards to the loan based on the requirement
  • KYC or 'Know your Customer' formalities and documents
  • Proof of Income and expenditure
  • Application Form and Legal formalities
  • 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.

*Conditions apply: Loans are at the sole discretion of Fullerton India and are subject to guidelines of the Reserve Bank of India. Fullerton India may engage the services of marketing agents for the purpose of sourcing loan assets in certain locations.

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