Unplanned expenses can come knocking to your door any time without warning. It could be an emergency medical expenditure you did not see coming. Or an urge to refurbish your home. Maybe you want to indulge in an exotic vacation or intend to organize a lavish wedding. Whatever your goal, with Fullerton’s wide bouquet of personal loans, you can find the one specifically designed for your purpose and fund your needs in a timely and convenient manner.
Personal loans offer the double benefit of quick access to funds and zero need for collateral security. They have emerged as a great way to finance purchases that otherwise would have been challenging with a regular, modest paycheck. More importantly, personal loans are a great cushion to fall back on, in times of temporary financial crises. More and more people are understanding the convenience, and availing personal loans. And by the looks of it, this financial product’s basket is only going to widen and deepen. Unsecured financial borrowings, which includes personal loans and credit card debt, amounted to ₹576,600 crore at the end of the financial year 2018, according to data from the Reserve Bank of India.
The numbers make sense: people opt for personal loans because they are ready for disbursal without any collateral or security.
While the exact amount will vary according to the loan provider you go to, you can avail up to INR 20 Lakhs if you are salaried and INR 30 Lakhs if you are a self- employed businessman when availing a loan. Here’s how it functions:
The actual personal loan eligibility will be calculated based on your income, location, credit score and other parameters. You can also use the Personal Loan EMI Calculator on the Fullerton website, and check the EMI amount, rate of interest, loan amount and loan tenure. The next time you are in need of funds up to INR 30 Lakhs, a personal loan is your answer.
Who says you can’t have it easy? All it takes is a click.