Personal Loan For Salaried

Whether you want to clear your debts, bring home your dream vehicle, fund your child’s wedding or higher education, a personal loan is the perfect credit instrument. It helps you meet your financial requirements for various needs at short notice.

It is quick, easy and convenient to apply for a personal loan with us. With our bouquet of offerings, we ensure that your changing needs are met with tailor-made repayment solutions. Our solutions are smart, simple and flexible, which is what makes us stand apart - making sure that you get the best possible value for your hard earned money.

Our team is well equipped to ensure that you have the smoothest journey from application to getting your funds in hand.

Features and Benefits

  • Loan amount up to `25 lakhs*
  • Attractive interest rates
  • Flexible repayment timelines up to 60 months*
  • Hassle-free documentation process
  • Quick loan disbursal
  • Online Application for Instant Personal Loan
  • Special benefits for existing Fullerton India customers

*Terms and Conditions Apply

FAQs

What is salaried personal loan?

A salaried personal loan is a specially designed instant personal loan online which can be availed by salaried customers. Thus, if you are currently employed with a public or private organisation, and have a minimum salary of INR 20,000 (or INR 25,000 if you are from Delhi or Mumbai), and have worked for more than 2 years at your current organisation, you are eligible for a salaried personal loan. For more details, please visit our Personal Loan Eligibility page.

How is personal loan eligibility calculated based on salary?

Personal loan eligibility is calculated basically to estimate whether or not you will be able to repay the loan's EMIs. For this purpose, your monthly income (after deduction of all taxes) is considered, along with your existing monthly obligations (including credit card debt). The calculation also takes into account the personal loan rate of interest applicable to you, as well as the loan tenure. Click here to try the free online Fullerton India personal loan eligibility calculator now!

Am I eligible for a Personal Loan for salaried employee?

To be eligible for a salaried personal loan, you will need to be employed with a public or private organisation at the time of loan application. Your salary should be at least INR 15,000 (or INR 25,000 if you are from Delhi or Mumbai), and you have worked for more than 2 years at your current organisation. To know more, please check our Personal Loan Eligibility criteria page, or contact us

How much Personal Loan can I get on my salary?

Personal loan amount depends on many factors, such as your monthly income, your existing monthly obligations (including credit card debt), and the company's policy at the time of loan application. To know the personal loan amount you are eligible for, please feel free to use our personal loan eligibility calculator. It's free, and easy to use.

What is the tenure of a Personal Loan for salaried?

You can take a Fullerton India Personal Loan for salaried and choose a flexible repayment tenure between 12 - 60 months, as per your convenience.

How soon can I get a Personal Loan for salaried employee?

You can get the personal loan amount disbursed to your bank account within 72 hours after loan approval

What are the various charges that I can expect to pay when I borrow a personal loan?

A personal loan will have the following charges associated:
1. Interest - this amount is the interest you will pay over and above the principal amount that you have borrowed
2. Processing fees
3. Insurance (in some cases only - please contact us today and speak with a customer service representative to know more)
4. Foreclosure charges (this will be applicable in case you choose to repay the loan amount before the loan tenure)
5. Late fees - this is applicable in case of any late / missed EMI payments.

To know more, please visit our "Personal Loan Interest Rates" page and view the table "Fees and Charges".

What will happen if I do not repay my EMIs as per schedule?

Non-payment or delayed payment of EMIs could lead to a fine of upto INR 0.5 - 0.75% of the loan amount. For more information, please contact us today - our team will be happy to guide you.

How do I apply for a salaried personal loan?

To apply for a salaried personal loan online, please click on the "Apply now" button. To make the process faster, we suggest to be prepared with necessary documents, since you will be asked to enter your information and upload documents (KYC, bank statements, salary slips, etc.). Alternately, you are also welcome to visit us at your nearest Fullerton India branch or speak with a customer service representative.

What is the online approval process for a salaried personal loan?

For a salaried personal loan online, the following are the steps involved.
1. Apply online
2. You will be given a form. In this, you will be asked to enter certain information pertaining to your personal information (including address), your place of employment, no. of years of servcie, age, PAN number, etc.
3. You will also be asked to upload supporting documents.
4. After your application is complete, various parameters will be checked with the organisation's policies at the time of loan application.
5. After this is done, you will be informed whether or not you are eligible for a Fullerton India personal loan.
6. Post this process, your documents will be checked for authenticity.

If all checks are completed successfully, your loan will get approved. At any point, if you face any difficulty, you can call us and get assistance from a representative of Fullerton India.

How much would I need to repay each month?

At the time of booking of your loan, the EMI (Equated Monthly Installments) will be calculated based on the loan amount sanctioned, interest rate and the tenure. To know more, access our free online personal loan EMI calculator today.

Can I foreclose or prepay my loan?

Yes, you can repay your loan at any time during the loan tenure.

Is there any advantage that I can get if I have already availed a Fullerton India loan earlier?

Yes, if you are an existing customer of Fullerton India, you will get additional benefits on the processing time as well as the interest rate. What's more, you will be eligible for a pre-qualified Top Up on your existing Principal Outstanding.

Why shouldn't I avail my sudden need for cash through a 'cash advance' on my credit card?

Your credit card can be an option, but withdrawing cash using a credit card can turn out to be very costly if you do not repay it quickly. Interest rates on credit card cash withdrawals can go as high as 40 per cent on an annual basis depending on the type of card you use and you also do not get the interest free period to pay back. In short, interest is charged from the moment you withdraw the cash. There is also an additional transaction charge that is levied on the withdrawal at the ATM. In comparison, a Personal Loan is cheaper and the repayment can be spread over a long period.

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