We are now SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.)
A personal loan is your instant gateway to meeting your short-term financial needs. Be it funding your child’s education, an international holiday, a home renovation or even a medical emergency, a personal loan can be the cushion that ties you over when you are in need of instant funding.
Before approving the loan the lender shares a document with the borrower. This document outlines all the terms and conditions related to the personal loan including the amount of loan sanctioned, the interest rate being applied, repayment tenure, and more.
The applicant is required to read all the terms and conditions carefully and go through any additional fine print. Signing on the dotted line implies that both parties, that is, the lender and the borrower are in agreement. This document is referred to as the personal loan agreement.
Every personal loan agreement adheres to a specified format. It includes basic information about both the parties involved in the transaction.
In the borrower section, the agreement will mention information such as:
In the lender section, the agreement will include details like:
Besides this, the personal loan agreement is drawn out to include the following information:
Once your personal loan has been approved, Fullerton India has made the loan agreement process extremely simple and easy. Simply follow these steps.
Fullerton India offers personal loans up to Rs. 25 lakhs at competitive interest rates. Follow these steps to apply for a personal loan online.
Proceed towards making your personal loan application using these guidelines:
Based on the information provided, you will be instantly informed of your eligibility. If yes, a representative from Fullerton India will get in touch to discuss your requirement, explain the terms and conditions, and process your application. After successful verification of your documents, your loan agreement will be shared with you. After receiving your consent on the same, your loan will get approved and the funds will be disbursed into your account.
You can always reach out to the Fullerton India customer care team on our toll-free number (1800 103 6001 ) or email us at [email protected] in case of any queries. Please note that due to the pandemic, our offices are running at minimum capacity. Thus, it may take us a bit longer to respond to your queries. We apologize for the inconvenience.
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!
Curious to know the maximum and minimum duration for personal loan? Read our blog to find out and get all the answers you want.
Are you applying for a personal loan as a co-signer or co-applicant? There are major differences between these two. Learn more!
A comparison of Flexi Personal Loan & Term Loan on the basis of loan amount, rate of interest, structure of EMIs & fund disbursal.