At Fullerton India, we partner with you to fulfill your dreams and aspirations with customized personal loan schemes. Our personal loan eligibility criteria are easy to comply with. To apply for a personal loan from Fullerton India, you must be a resident citizen of India between the age of 21 years and 60 years. Further, your monthly income should be at least `20,000. This is increased to `25,000 if you live either in Mumbai or Delhi. Your repayment ability is determined by your credit score and existing loans, and is also taken into account.

Fullerton India Personal Loan Eligibility

Profession

Salaried employee of a private limited company or public sector undertaking, or self-employed with a minimum turnover as per the current policy

Eligible Age

21 years to 60 years

Minimum Income for Loan Eligibility

For salaried: `25,000 per month in Mumbai/ Delhi, `20,000 per month in rest of India

For self-employed: a minimum yearly profit after tax determined based on profession/industry

Work Experience Required

1 year

Experience in Current Company

6 months

Minimum CIBIL Score

750*

Maximum EMI as percent of Income

65.00%*

*Subject to terms and conditions. Please contact us for more information.

How to Check Eligibility for a Personal Loan?

The personal loan eligibility criteria heavily depend on your disposable income. This should be at least 30% to 40% of your net monthly income. You should have a good credit score. For availing the best offers, it would be advisable to clear the pending dues and improve your personal loan eligibility. This will ensure a maximum personal loan amount based on your income, age, repayment capacity, and other factors. To know more, please also see our personal loan eligibility calculator.


Want to explore further? Our team is available over phone, email and chat, to help you with all your queries regarding personal loan eligibility.

Our streamlined eligibility process helps you find the best solution taking into account more than just your credit history. Fullerton India personal loans are customised for your unique financial profile and needs based on your savings, expenditure patterns and employment history.

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FAQs

How can I check my Fullerton India personal loan eligibility?

We determine the personal loan eligibility based on your income and ongoing EMIs, as well as other factors such as age, location, employment details, etc.

  • The monthly income requirement is based on your place of residence (` 25,000 for residents of Mumbai and Delhi, ` 20,000 for all other locations).
  • You must be an Indian resident and your age should be between 21- 60 years.
  • You should have a minimum work experience of 1 year.
  • You should be an employee of a public sector undertaking or private limited company.

 

Employment period with your current employer should be at least 6 months.

What is the eligibility for Personal Loan?

Some basic instant personal loan eligibility criteria are as follows:
- You must be a residing citizen of India.
- You must be an employee of a private limited company or public sector undertaking (including central, state, and local bodies).
- You must be between the age of 21 and 60 years.

The eligibility criteria for a personal loan with Fullerton India also depends on various criteria such as age, location, monthly income (for salaried individuals) or yearly profit after tax (for self employed individuals), income proof, bank statements, CIBIL score, and existing monthly obligation including credit card EMIs. 

What is the minimum salary to get Personal Loan?

To be eligibile for a personal loan from Fullerton India, you should have a minimum income of ` 20,000 per month. However, if you are working in Mumbai or Delhi, you would need a minimum income of ` 25,000 per month. For more details, please feel free to contact us.

What is the minimum and maximum loan tenure that I can avail?

You can choose a flexible tenure for your Fullerton India personal loans between 12 and 60 months. Thus, the maximum tenure for a personal loan from Fullerton India is 60 months, and minimum tenure is 12 months.

What is the maximum personal loan I can get?

At Fullerton India, the personal loan amount which each customer can be eligible for depends on a variety of factors, including the company's policy at the time of loan application. For instance, you can get a personal loan amount of up to ` 25 lakhs*. However, if you are a doctor, you can get up to ` 30 lakhs*. For self-employed individuals, we offer collateral free personal loans of up to ` 10 lakhs*. Your unique requirements are special to us, and so to know the maximum amount you can be eligible for, we encourage you to contact us at the earliest.

How to get personal loan without CIBIL score?

If you do not have a CIBIL score and it is “NH” or “-1” because you don’t have a credit history, you can still apply with Fullerton India for a personal loan – just click on the “Apply now” button on this page to begin your online application journey.

Applicants who already have a credit history should have a minimum CIBIL score of 750 to avail a personal loan from Fullerton India.

How much Personal Loan can I get on my salary?

The personal loan limit depends on your monthly salary and existing financial obligations (EMIs). Your monthly income (after deduction of taxes) and financial obligations helps us calculate the maximum personal loan amount we can provide to you. We also take into account the interest rate applicable and tenure when calculating the personal loan amount you can get on your salary. To know more, please also see our personal loan eligibility calculator.

What is the age limit to get a personal loan?

The personal loan age limit is 21 years to 60 years. This means that you should be at least 21 years of age at the time of loan application, and a maximum of 65 years of age at the time of loan maturity If you meet the personal loan criteria for applicant’s age, along with that for income, repayment capacity, credit score, documents, and others, then there is a high chance of your application getting approved. You can apply for the loan either online on our website or get-in-touch with us at the nearest branch office.

What is personal loan eligibility for salaried?

  • At Fullerton India, one of the main criteria is that you must be a resident Indian, and to avail a personal loan, a salaried employee should earn a minimum net monthly salary. The exact amount depends on your place of residence.
  • If you are a resident of Mumbai or Delhi, your minimum net salary should be at least ` 25,000; and if you are a resident of any other location in India, the minimum net salary is ` 20,000.
  • Please note that the personal loan limit will be also be determined based on your repayment capacity, which means monthly obligations will also be taken into account.
  • Additionally, you should be at least 21 years of age at the time of loan application, and a maximum of 65 years of age at the time of loan maturity.
  • You must be an employee of a private limited company or public sector undertaking. You must also have all the required documents for a personal loan.

* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.

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