Want to buy a car but do not have the required funds for a down payment? Not sure if you can use a personal loan for a down payment of a car? Yes, you can!

Get an instant personal loan from Fullerton India that fulfils any funding deficit that you may have for a down payment at the point of purchasing your brand new car. Requiring minimal paperwork which can be completed online, your personal loan can be in your bank account in as less than 72 hours from application*.

Check Your Eligibility

Make sure that you first check your eligibility to avail a personal loan from Fullerton India by using the personal loan calculator available on the website. Every applicant must be able to satisfy the given eligibility criteria:

  • Be an Indian citizen 
  • You should be between 21 to 60 years of age
  • Be a public sector employee or work in a registered private limited company, or be self-employed
  • Be on a monthly income of Rs. 25,000 if residing in Delhi or Mumbai and Rs. 20,000 for the rest of India
  • For self-employed individuals or businesses, the eligibility will depend on their minimum annual profit post tax and also basis their profession and industry

Online Documentation

Meeting the eligibility parameters is just the first step. You need to then upload the following personal loan documents to proceed to the next phase. Here is a list for your reference:

  • Proof of identity such as a Voter ID, Passport, Aadhar Card, PAN Card, etc.
  • Proof of address like your Passport, Aadhar Card, Voter ID, Bank Passbook or Statement, Rent Agreement, Utility Bill, etc.
  • Proof of age through your Passport, Voter ID, Aadhar Card, School or College Admit Card, etc.
  • Salaried individuals will have to submit their salary slips for the last three months
  • Salaried and self-employed individuals and businesses will have to submit their bank statements for the last six months
  • Salaried individuals will need to provide a copy of their Form 16 or Income Tax Returns

Explore Interest Rates

Both salaried and self-employed individuals can avail personal loan interest rates that start from 11.99% at Fullerton India. However, the final interest rate offered to you will depend on your eligibility. Other factors that can also influence the rate of interest are your credit history and income, overall profile and current financial status.

A processing fee component of up to 6% will be applicable on the loan amount sanctioned. Personal loans by Fullerton India come with a flexible repayment tenure of 12 to 60 months.

The Personal Loan Application Process

Making an application for a personal loan for a down payment of a car at Fullerton India is a simple and straightforward process. Follow the steps as given below:

  • Log on to the Fullerton India website
  • Click on the form for an online application for the personal loan
  • Fill in all relevant personal, employment and financial related information
  • Choose the required loan amount, desired interest rate and convenient repayment tenure
  • Upload soft copies of your documents
  • Click on ‘Submit’
  • Based on the information entered, you will be instantly informed of your eligibility
  • Wait for final loan approval from Fullerton India

A customer service agent from Fullerton India will get in touch with you once you have submitted the application form and documents online. Alternatively, you can always reach out to the customer support team on their toll free number (1800 103 6001) or email us at [email protected].

*Terms and Conditions apply

Check Your Eligibility  

Reasons to buy

You can take our personal loan for a variety of reasons.

Wedding Expenses

Higher Studies

Exotic Vacations



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