Personal loans which are generally unsecured in nature are a popular financial product that helps millions of Indians meet their needs for immediate funds. Be it a wedding, a course fee, a holiday, home improvement or healthcare needs, personal loans are a 'no questions asked’ product that can be used for any purpose.
Fullerton India offers personal loans for a 12 months repayment period for up to Rs. 25 lakhs that can be availed by both business enterprises and individuals. To ascertain the loan amount and the instalments you will have to pay every month during the repayment period, you can simply use the personal loan EMI calculator that is available on the Fullerton India website.
The process to avail of personal loans for 1 year at Fullerton India is quite simple and hassle-free. Minus the requirement of collateral ensures a quick turnaround if the applicant is able to successfully meet all the required eligibility parameters.
The basic criteria include:
You can also plan your loan using our free personal loan eligibility calculator that helps you with an estimate of the maximum personal loan you can get based on your disposable income.
If the eligibility parameters are successfully met, you can proceed towards making a formal personal loan application. Just click on the “Apply now” button on this page. The form can be filled and submitted online from anywhere and at any time.
Simply fill in the mandatory fields with all the required personal, financial and employment related information. You may be required to share your Aadhaar and PAN card numbers in the form too.
As soon as the form is submitted, you will receive a notification to proceed towards submitting softcopies of all the required documents. These include:
In addition to the KYC documents, applicants will need to provide:
For salaried individuals:
For self-employed individuals:
At this stage, you will be required to indicate the amount of personal loan that you are seeking from Fullerton India. If you are eligible for pre-approved offers, Fullerton India may be able to offer you preferential personal loan interest rates on the requested loan amount.
Fullerton India’s personal loan department will review your application, submit documents and will also run a check on your credit history, rating and overall report. If you have a credit score of 750 or above, the chances of your personal loan request getting approved are greater.
If there are specific issues with your personal loan application, a customer service representative from Fullerton India will get in touch with you to sort it out.
If you get through Fullerton India’s vetting process successfully, then your 12 months loan will be sanctioned. An email will be sent to your registered address that will include the sanction letter along with the terms and conditions of the loan, loan amount, interest rates, repayment tenure, applicable fees and charges and any additional fine print.
You will be required to read the loan document carefully, sign on the dotted line and share a copy with Fullerton India. The funds will be disbursed to your registered bank account upon receipt of the signed agreement.
If you have any queries or questions, you can always get in touch with Fullerton India’s Customer Service team on their toll free number 1800 103 6001. Alternatively, you may email them at [email protected] or visit the Fullerton India branch near you.
You can take our personal loan for a variety of reasons.