Our lifestyle defines how we live our daily life, our choices, how much we spend, and finally how much we save. We can certainly say that our lifestyle depends on our income and finances. In today’s date, the immense number of choices around us has enabled us to lead a different standard of life in terms of lifestyle. This has further led to different spending habits and the availability of attractive personal loans. Personal loans enable you to access the objects you desire such as high-end electronics, appliances, etc; as well as fulfill your dreams - such as a grand wedding, a dream vacation, higher education, and much more. That is exactly how personal loans upgrade your lifestyle.
Fullerton India offers personal loans with interest rates starting from 11.99%. At Fullerton India, we ensure you get the funds you need to be able to live the kind of life you want to. We offer competitive rate interest rates so that the repayment is easy and within your budget. Different types of personal loans offer different benefits and one can choose among them based on their current needs. Let’s see the types of personal loans offered in India and how they help you
1) Wedding Loan
Weddings are one of the most important events in India. And they come with an unending list of expenses. We all want our special day to be extremely momentous. We would go all out to fulfill this dream. Fullerton India offers wedding loans, which can help you make your special day unforgettable. Loans can be taken by the would-be brides, grooms, or any of the family members. In this type of personal loan, the loan amount can be customized as per the individual’s need.
2) Travel Loan
This is designed especially for people who love exotic holidays. Such loans are widely known as holiday or vacation or travel loans. Here, one can go on their dream vacation and pay the amount later in easy monthly installments. In this type of personal loan, there’s often an added benefit of travel insurance, in order to give foolproof protection.
3) Home Renovation Loan
Home loans are very common and have existed for ages but they are restricted to buy real estate. We generally, however, do not think about finances related to renovating our houses. We typically postpone this because renovating and repairing houses can certainly be expensive. Thus identifying this need, home renovation loans are offered by Fullerton India, which help in funding repairs, home appliances, raw material, labor charges, etc. Taking this type of personal loan and thereafter renovating our house, also gives a boost to the total economic value of our house in the real estate market.
4) Education Loan
This is also one of the most popular types of personal loans and has existed for decades. Generally, parents sign up for education loans and their kids then take over and pay it up. Alternatively, one can also use a personal loan for paying the tuition fees of one’s child, or a big academic requirement like going abroad.
Our simple-to-use personal loan eligibility calculator is available online. Our EMI calculator helps you in calculating your EMIs for your loan amount before signing up. This helps you in planning your finances better. Once you enter the tenure, rate of interest, and total loan amount, you get the EMI amount immediately. You can use the calculator multiple times online from any device and it will offer you complete transparency.
When you apply online your loan is approved within hours, after verification. Our application process is hassle-free and involves minimum documentation. You need to be a minimum of 21 years of age and a maximum of 60. You need to provide your identity proof, age proof, salary slips if you are salaried, bank statement for the last six months, and IT returns. When you go online, you need to click on the “Apply Now”, followed by mobile number and selection if you are salaried or self-employed. Post OTP verification, you have to enter the loan amount repayment tenure. You will need to enter personal details, employment information, and banking details. Alternatively, you can also visit any of our branches or by downloading our Instaloan mobile app.
Must Read: How to Apply for a Personal Loan Online
The future belongs to those who believe in their dreams. At Fullerton India, this is what we help you achieve by offering affordable personal loans with attractive interest rates and flexible tenure of up to 60 months. The personal loan can be availed by simply filling an online application form, some easy clicks, uploading listed documents. With speedy approvals, you can receive the credit in hours. This will help you in planning your personal finances and upgrading your lifestyle with ease.