Fullerton India offers a personal loan up to Rs. 25 lakhs for salaried employees and self-employed individuals alike. A personal loan from Fullerton India can be availed for up to 60 months for a variety of purposes such as holiday, home improvement, medical emergency and a lot more.
Fullerton personal loan interest rates and other charges
Fullerton personal loan interest rates are flexible, depending on a host of factors such as customer’s residence, age, monthly income, loan amount, credit score, and policy at the time of application.
| Interest rate | 12.99 – 36% |
| Chque/ ECS/ NACH dishonoured charge | Rs. 300 per dishonour |
| Loan cancellation charge | Rs. 5000 |
| Processing fee | Up to 3% of the loan amount |
| Foreclosure charges | Foreclosure charges on a personal loan from Fullerton India are as under:
● Loan closed between 7 – 17 EMIs – 7% of principal outstanding ● Loan closed between 18 – 23 EMIs – 5% of principal outstanding ● Loan closed between 24 – 35 EMIs – 3% of principal outstanding ● Loan closed after 35 months – Nil Note: Foreclosure is not allowed before 6 months from the loan agreement date |
| Additional interest for payment defaults | 2% of overdue EMI per month |
Fullerton India personal loan eligibility criteria
Salaried professional and self-employed individuals can get a Fullerton personal loan with very flexible eligibility criteria. Age of the borrower required for a personal loan ranges between 21 years and 60 years, and the applicant should have at least one year of work experience.
Fullerton personal loan eligibility criteria for salaried professionals and self-employed individuals:
| Age | ● Minimum 21 years at the time of application
● Maximum age limit is 60 years |
| Minimum salary | ● Net monthly salary should be at least Rs. 15000
● For applicants residing in Mumbai and Delhi minimum monthly salary is Rs. 20,000 |
| Credit score | Should have a good credit score |
| Total work experience | Applicant should have a stable job in public sector undertaking (including central, state, and local bodies) or private limited company for at least 1 year |
| Loan tenure | From 12 months to 60 months |
| Residential status | Any Indian |
| Interest rate | 12% onwards |
Documents required for Fullerton personal loan
Here are the documents required for a personal loan from Fullerton India:
For salaried employees
- Filled Fullerton personal loan application form with passport size photographs
- Proof of identity: A copy of Voter ID card/ Driving license/ PAN card/ Passport/Aadhaar card
- Address proof: Ration card/ Telephone bill/ Rental agreement/ Passport copy/ Driving license/ Bank passbook or statement/ Electricity bill
- Age proof: PAN card/ Passport/ Certificate from a statutory authority
- Income proof: Salary slips for the last 3 months along with salary certificate and latest Form 16
- Bank statement: Bank statement of salary account for the last 3 months
For self-employed individuals
- Completed personal loan application form with passport size photographs
- Proof of identity: A copy of Voter ID card/ Driving license/ PAN card/ Passport/Aadhaar card
- Address proof: Ration card/ Telephone bill/ Rental agreement/ Passport copy/ Driving license/ Bank passbook or statement/ Electricity bill
- Age proof: PAN card/ Passport/ Certificate from a statutory authority
- Business address proof
- Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules audited by a Chartered Accountant
- Bank statement: Business (current account) statement for latest 6 months
- Form 16
- Business continuity proof
- Additional documents:
- Sole proprietorship declaration
- In case of partnership: Certified copy of partnership deed
Why should you get a Fullerton personal loan?
- Maximum loan amount: Fullerton offers a personal loan from Rs. 60,000 up to Rs. 25 lakh for various reasons.
- Minimal documentation: Fullerton personal loan needs minimal KYC documents and the entire process is paperless.
- Attractive interest rate: Fullerton India lends a personal loan at attractive interest rates starting from 12%.
- Quick disbursal: Fullerton India claims of disbursing a personal online within 30 minutes of approval.
- Additional benefits for existing customers: The existing customers of Fullerton India can get a host of extra benefits, such as top-up loans, digital query servicing and flexible repayment tenure.
Fullerton India personal loan EMI calculator
Borrowers can use Fullerton personal loan EMI calculator to plan monthly installment and repayment tenure that fit in their budget. This EMI calculator is easy to use and cracks your EMI in seconds. The EMI on your personal loan is calculated on the basis of the loan amount, interest rate and loan tenure.