A personal loan is a go-to option to cover all your short term financial needs with ease, whether it is for meeting medical emergencies, funding higher education, home improvement or meeting wedding expenses. You can use it for any purpose and doesn’t require you to provide collateral for the loan.
At Fullerton India, eligible applicants can get an instant Rs 15 lakh personal loan with a flexible repayment tenor of up to 60 months at an affordable interest rate, which helps to keep the personal loan EMIs pocket-friendly.
Here are some of the basic eligibility criteria for a personal loan:
Please note that to get a INR 15 lakh personal loan, you should have a minimum monthly income of at least INR 48000 (approximately). To understand this better, you can use the personal loan eligibility calculator on the website to calculate the maximum loan amount you may be eligible for based on the factors like net monthly income and current monthly EMIs. Please note that in addition to these criteria, other criteria including creditworthiness, repayment history, etc. as well as Fullerton India’s policy at the time of loan application will also be considered..
The personal loan eligibility calculator helps you to know the loan amount you can borrow and ensure faster approval during the process.
Please note that this is the basic list of documents. Depending on your requirement and your profile, additional documents may be requested.
Once your loan application is approved in-principle for further verification, you will be given a tracking number, which you can use to know the status of your personal loan application online through the website. A representative may contact you for further information (if needed), to understand your requirements and to offer you terms after successful verification of your documents. After the loan agreement is signed, your loan will get approved, shortly after which the funds will be credited to your account.
Alternatively, you can also apply for a personal loan by visiting the Fullerton India Nearest branch office, where you will be guided through the process by a relationship manager.
Before applying, it is recommended to use the personal loan EMI calculator to know the ideal tenure according to your repayment capability and monthly budget.
You can take our personal loan for a variety of reasons.