Taking Rs. 1 lakh personal loan is one of the best ways for meeting short-term funding requirements or managing expenses during financial emergencies. 

The process for taking a Rs. 1 lakh loan is simple and fast. You can apply for a personal loan online or visit your nearest Fullerton India branch, where you will be guided by one of our executives. 

Personal loans have a hassle-free loan application process and easy to meet eligibility criteria. 

Following are the Benefits of a Personal Loan:

1) Collateral-Free Loan

Personal loan falls under the category of unsecured loan, which doesn’t require you to pledge any of your assets. You can repay the loan amount without worrying about losing your asset.

2) Easy Eligibility Criteria

It is important to meet all the eligibility criteria for taking a personal loan from any lender. Compared to categories of loans, personal loans have easier eligibility criteria.

The following are the eligibility criteria for a Rs. 1 lakh personal loan at Fullerton India:

  • Age should be between 21 to 60 years
  • Minimum monthly income should be Rs 20,000 and Rs 25,000 if you live in Mumbai or Delhi
  • Minimum one year of work experience
  • Minimum six months in current company, if you’re a salaried professional
  • Minimum CIBIL score of 750
  • Maximum EMI as a percent of income should be 65%

3) Instant Approval

Your online personal loan application comes with an instant approval feature if you fulfill all the pre-defined eligibility criteria and provide all necessary documents required for approval.

After successful verification checks, the Rs. 1 lakh personal loan application is approved within 24 hours and the amount is credited to your bank account within 30 minutes of approval.

4) Simple Documentation Process

The online personal loan application process reduces the hassle and stress of the documentation process. While applying for a personal loan, you need to submit the following personal loan documents:

  • KYC documents: AADHAR, PAN Card (or any valid address proof, ID proof and PAN number)
  • Last 3 months salary slips if you are salaried, and income proof, if you’re Self-employed
  • Last 6 months bank account statements

All the documents can be submitted and verified online, thus hastening the process of loan approval. Please note that depending on the applicant’s profile and Fullerton India’s policy, a few additional documents may also be requested.

5) Flexible Repayment Tenure

The tenure of the personal loan ranges from 12 to 60 months; you can select the tenure based on your repayment capability without impacting your finances. You can use a personal loan EMI calculator to calculate the tenure and the Rs 1 lakh personal loan EMI amount.

6) Attractive Interest Rates

The personal loan interest rates at Fullerton India start at 11.99% for both salaried and self-employed professionals. The final interest rate offered is based on the applicant’s credit score, requirement, and financial profile.

Apply today to enjoy a Rs 1 lakh personal loan EMI as low as Rs 2,275 for a loan tenure of 60 months.

7) No Hidden Charges

Fullerton India doesn’t charge any hidden charges or fees on Rs 1 lakh personal loan approval other than processing fee, which ranges between 0- 6% of the loan amount.

8) Customized Loan Solution

Fullerton India offers customized personal loan solutions for men and women and various events and situations like marriage, holiday, medical emergency, home improvement, etc.

Final Words

Due to the flexibility and benefits offered, a personal loan is the go-to option financing source for meeting short-term funding requirements or financial emergencies. Whether you have availed a Rs 1 lakh loan or a higher amount, ensure you repay the loan amount through regular monthly EMIs adhering to the terms and conditions of the loan. Missed or delayed payments could adversely affect your credit score, among other things.

Apply with us today, and manage your personal loan account online. Check important details like EMI amount, interest rate, repayment schedule and many more from the ease and comfort of your home.


12 Months
36 Months
60 Months

Your Calculated EMI*


Reasons to buy

You can take our personal loan for a variety of reasons.

Wedding Expenses

Higher Studies

Exotic Vacations



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