Homemakers today are no longer what they used to be 30 years ago. They have dreams and passions which they actively wish to pursue whilst balancing their household responsibilities. As a result, home businesses are booming across the country, many of which are run by homemakers.
The entrepreneurial spirit is in full bloom, but it comes with its set of challenges. The most important of which is to get the initial funding to kickstart your business journey. If you do not have sufficient savings of your own or access to funding through family and friends, getting the business off the ground can be a tough task.
If the only impediment in your pathway to start your home business is funding, then the easiest way to arrange for finance can be done via a personal loan. At such a moment, you may be looking for a Personal loan for homemakers. Fullerton India offers personal loans at competitive interest rates and flexible tenures of repayment. Read more to know details.
Personal loans are fairly easy to get as they do not require security or collateral. However, Fullerton India does require applicants to meet their personal loan eligibility criteria prior to making a formal application.
The parameters include:
You can check our easy to use personal loan calculator to quickly run your eligibility check for personal loans.
You can apply for a personal loan by clicking on the “Apply now” button on this page. The process can be completed online from the comfort of your home.
Fill in the required information on the web form. This will require you to share your personal, financial and employment related details. You will also need to share your PAN and Aadhar card numbers here. In case of co-applicants or guarantors, their details may need to be provided.
The next step involves you to submit a list of documents required for the personal loan to be approved. You can upload the soft copies via the Fullerton India website. Submit your KYC documents:
In addition to the KYC documents, applicants will need to provide:
For salaried individuals:
For self-employed individuals:
You also need to indicate the amount of personal loan amount that you wish to apply for at this stage.
Based on the information provided, you may be given in-principal approval - which means that you meet the basic eligibility criteria. Next, your application form and documents will be processed and verified by Fullerton India.
A customer service representative may get in touch with you to discuss your requirements and provide the terms. Following this the loan agreement will be shared, and your acknowledgement for the same will be taken.
After the loan agreement has been executed, your loan gets approved and Fullerton India will disburse the funds into your bank account within a few hours. You will receive a notification over email that includes your loan agreement and loan schedule. The loan schedule is an important document that mentions the loan amount, loan account number, interest rates, repayment tenure, applicable fees and charges and so on. You are advised to keep a copy of this document for future reference.
If you are a homemaker and don’t have a stable income source at the moment, or need a higher income in order to satisfy the maximum loan eligibility, you can apply for a personal loan by asking a family member to be a guarantor or a co-applicant.
You can reach out to us in case of queries by emailing us at [email protected]. Alternatively, you can contact our Customer Service team on our toll free number 1800 103 6001 or visit the Fullerton India branch near you.
You can take our personal loan for a variety of reasons.
Here are some articles which could help you understand us and our products better. Do share your comments and let us know what you think!