When expenses arise, like your child's marriage, furnishing your home, higher education for your children or a family holiday, simply knock our doors and let us help you turn your dreams into reality. With Fullerton India’s range of Personal loans, meet all sorts of financial needs without worrying about keeping any collateral or property. Our range of personal loans are simple and flexible, designed with your changing needs in mind. Follow a few simple steps to help our team understand your requirements.
Fullerton Personal Loan is available for salaried individuals as well as self-employed individuals.
You do not need to hypothecate any assets to avail a Personal Loan from Fullerton India.
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.
You can repay your loan over a period of 12 months to 48 months.
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.
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.
You can foreclose your loan after a minimum period of 6 Months.
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.
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.
* 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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