Description

Fullerton India offers a variety of loans, out of which, the personal loans are of great significance and are widely accepted as a medium to arrange funds in an emergent situation. The personal loans provided by the company can be utilized for various purposes ranging from wedding celebrations, home renovation, medical emergencies, and others. The entire process has been designed to cater its customers with the best value for money in terms of value, service and technology. Fullerton India offers fully customized personal loans that are tailored to one and all are specific needs in the times of financial emergencies.

  • High loan quantum
  • Competitive interest rates
  • Easy accessibility of the loan
  • Easy loan application process
  • Minimal documentation
  • No collateral or security required
  • Quick approval and disbursal of the loan
  • Seasonal offers
  • Part-prepayment facility

Fullerton India Personal Loan Interest Rate & Charges

Fullerton India is one of leading financial service provider in the country. Apart from the standard interest rates provided on various platforms, the applicable rate may vary on the basis of various factors ranging from the loan amount, tenure of the loan and overall capacity to repay the amount. 

Particulars

Key Information

Rate of Interest

12.99 % to 36 %

Loan Tenure

12 months to 60 months

Processing Fee

0.5 % to 6.5 % of Loan amount

Eligible Loan Amount

  • For Salaried: ₹ 25 Lakh
  • For Self-Employed: ₹ 30 Lakh

Repayment Period

12 months to 60 months

Read More: Fullerton India’s Personal Loan Interest Rate and Other Charges

Fullerton Personal Loan Eligibility Criteria

Fullerton India provides low-cost personal loans to one and all with a very flexible eligibility criterion. An individual who works full time and earns a salary, or someone who is professionally qualified and runs his own establishment, all are prospective applicants and can apply for the loan. The applicant must go through the details mentioned below, in order to check their eligibility for the loan;

Eligibility Criteria

Key Features

Profession

Salaried person with a Public or Private company

Employer Type

  • Central / State Government Organisation
  • Central / State PSUs
  • All major Corporates including TCS, Infosys and other Private Limited Companies

Applicant Age

From 21 - 60 years

Min. Net Monthly Income

₹ 15,000 for all cities & ₹ 20,000 (For Delhi and Mumbai)

Residential Status

Resident of the current place for at-least 12 months

Min. Work Experience

12 months in total, Minimum 6 months in the current organisation

Features and Benefits of Fullerton India Personal Loan

High quantum of loan: Fullerton India offers one of the highest quanta of loan in the market at present. The personal loan amount being offered by the company to salaried individuals is ₹ 25 Lakh and ₹ 30 Lakh for self-employed professionals, which is one of the highest as compared to others.

Best in class interest rates: The rate of interest offered by Fullerton India is considered to be the lowest and most affordable in the market. Also, the company provides the reducing balance method to the borrowers, where the overall cost of availing funds is considerably lower.

Simple documentation: Fullerton India provides loan to one and all falling under various categories, which is made possible with an easy and hassle-free process which requires minimal documentation, the company only requires documents related to income and residential status of the borrower.

Quick processing and disbursal: Fullerton India enable its customers with an online infrastructure where one can easily explore the available products and easily upload the required documents for application. As soon as the documents are verified, the loan is approved and disbursed within 3 days.

Convenience of doorstep services: In case, you are an elderly or a senior citizen, who might not be able to visit a branch multiple times in order to get their loan approved, can avail the doorstep services offered by Fullerton India. This service does not only cater to elderly, in case there is a need, a borrower can ask the company to arrange for the same.

Easy monthly repayment: Fullerton India provides good flexibility when it comes to loan repayment. Under this option, a borrower can make good use of reducing balance policy, which in turn saves the additional interest cost. A borrower is allowed to repay the entire loan amount with interest within 60 months from the date of disbursal.

Additional benefits to existing customers: Fullerton India have been amongst the best in proven service standards towards its customers. To make it a reality, the company offers various value-added services to its products like providing easy top-up on the existing loan amount, solving major issues & queries through digital query servicing, and by offering flexible repayment tenures.

Document Required For Fullerton india Personal loan

For Salaried Individuals –

Individuals majorly working with the central or state government organization, attached Public Sector Undertakings (PSU), public & private limited companies, who receive a net monthly salary in their respective bank accounts are eligible for a personal loan from Fullerton India, all they need to do is provide the documents mentioned below;

Particulars

Details

Application

Application Form duly filled and signed (With recent photograph)

Proof of Identity

(Any of these)

Copy of Passport/ Driving License/ Aadhar Card/ Voter ID Card

Proof of Residence

Registered Rent Agreement (Min. 1 year of stay)/ Utility Bills (For the last 3 months)/ Ration card

Proof of Incomes

  • ITRs for the last two Assessment years
  • Salary slip for the last 3 months
  • Bank Statement for the last 6 months
  • Passbook statement for the last 6 months

Loan Agreement

Duly signed Loan agreement document

Payment

Processing Fee cheque

Repayment

Post Dated Cheques (PDCs)/ Standing Instruction Request Form/ ECS Form/ Security Cheques duly signed

For Self-Employed Professionals –

For individuals who are self-employed, belonging to the field of Medical practice like doctors, dentists and others, they are providing accounting or other financial services like CA, CS or CFA, or they may be an established architect running an organization, any one out of these can apply for a personal loan through Fullerton India with the documents mentioned below; 

Particulars

Details

Application

Application Form duly filled and signed

Photographs

4 Passport size photographs (coloured)

Proof of Identity

(Any of these)

Copy of Passport/Driving License/Copy of Aadhar Card/Copy of Voter ID Card

Proof of Residence

Registered Rent Agreement (Min. 1 year of stay)/Utility Bills (For the last 3 months)/ Life Insurance Policy

Proof of Incomes

  1. ITRs for the last two Assessment years
  2. Audited Balance Sheet for the last 2 years
  3. Profit and Loss account Statement for the last 2 years

Loan Agreement

Duly signed Loan agreement document

Repayment

Post Dated Cheques (PDCs)/ Standing Instruction Request Form/ ECS Form/ Security Cheques duly signed

Qualification Proof

Qualification or Registration Proof required for Practicing Doctors/Architects/Chartered Accountants/Company Secretary/ICWA and others

Personal Loan EMI calculator - Fullerton India

Fullerton India offers a simple and most easy to use EMI calculator for all the prospective borrowers and customers. With this calculator, you can easily figure out the amount you can bear in a month against your EMI payments, for carrying out the same, one needs to enter the desired amount of loan that they wish to borrow, once selected you can now select the tentative tenure for which you want to keep the funds with yourself. 

 

Here, we have provided a table that includes the most offered loans in term of the amount of loan being availed at respective rates through Fullerton India. You can also visit Afinoz.com Personal Loan EMI Calculator to calculate EMIs more specific to your needs.

Various amounts of loan offered @ 11.99% for a tenure of 3 years;

Loan Amount

ROI @ 11.99%

Tenure (Months)

Repayment

EMI

Interest

₹ 2,00,000

0.010

36

₹ 2,39,108

₹ 6,641

₹ 39,108

₹ 3,00,000

₹ 3,58,662

₹ 9,962

₹ 58,662

₹ 4,00,000

₹ 4,78,217

₹ 13,283

₹ 78,217

₹ 5,00,000

₹ 5,97,771

₹ 16,604

₹ 97,771

₹ 10,00,000

₹ 11,95,543

₹ 33,209

₹ 1,95,543

Comparative analysis of various personal loan providers at their respective rate of interests on offer, for a tenure of 2 years or 24 months;

Bank

Loan Amount

ROI

Tenure (Months)

Repayment

EMI

Interest

Fullerton India

₹ 5,00,000

0.010

24

₹ 5,64,825

₹ 23,534

₹ 64,825

HDFC

0.013

₹ 5,84,694

₹ 24,362

₹ 84,694

SBI

0.010

₹ 5,66,283

₹ 23,595

₹ 66,283

IndusInd

0.012

₹ 5,78,993

₹ 24,124

₹ 78,993

Axis

0.012

₹ 5,76,154

₹ 24,006

₹ 76,154

Types of Personal Loan Offered by Fullerton India

Fullerton India offers a wide range of personal loans to various sects of people around us. Keeping the borrower’s best interest in mind, Fullerton India has come up with easy to apply, hassle free personal loans, where you get prominent features like instant approval and many others.

1#. Fullerton India Personal Loan for Women-

Fullerton India provides customized personal loan to women under its Nari Shakti Personal Loan scheme especially for working women or self-sustaining women from urban, semi-urban & metropolitan areas. The rate of interest applicable on these loans are comparatively lower than the applicable base rates for other categories. Under this scheme, a woman can avail a personal loan to the tune of ₹ 10 Lakh, and the repayment period is 24 months to 60 months.

Key Features

Personal Loan Scheme

Approval

Disbursement

Collateral

Interest Rate

For Women

Instant

Within 72 hours

None

11.99% onwards


2#. Fullerton India Personal Loan for Elite-

Fullerton India offers a unique product to its customers falling under the ‘Elite’ category under their policy norms, treats them with privilege and offers preference over each and every step of their loan application and there on. As suggested by the company, any individual earning ₹ 75,000 or more in a month falls under the ‘Elite’ category and is entitled to a loan amount starting from ₹ 8 Lakh and up to a maximum of ₹ 25 Lakh.

Key features:

Personal Loan Scheme

Approval

Disbursement

Collateral

Interest Rate

For Elite

Instant

Within 72 hours

None

11.99% onwards

3#. Fullerton India Personal Loan for Wedding -

If you have been dreaming about the Big Fat Indian wedding, then Fullerton India is ready to make your dream come true with its personal loan for the wedding. From booking exotic wedding destinations to a grandeur display of food, you can do everything with a personal loan from Fullerton India. The applicant can get the personal loan up to Rs. 25 Lakhs.

Key features:

Personal Loan Scheme

Approval

Disbursement

Collateral

Interest Rate

For Wedding

Within 24 hours

Within 72 hours

None

12.99% onwards

4#. Fullerton India Personal Loan for Holiday-

Fullerton India’s holiday loan is most suitable for those individuals who possess a keen interest in traveling and find it to be a part of their lifestyle. Traveling across various destinations whether foreign or domestic is expensive and might prove heavy on one’s pocket, for spending good quality time with your family at your desired destination has been made simple with the lowest interest rates on offer for both salaried and self-employed individuals.

Key features:

Personal Loan Scheme

Approval

Disbursement

Collateral

Interest Rate

For Holiday

Instant

Within 72 hours

None

13.45% onwards


5#.Fullerton India  Personal Loan for Doctors-

Fullerton India Personal loan for Doctors enables the practicing professionals avail their desired quantum of funds at lowest possible cost. Whether the professional works for the government, any private hospital or is running their own clinic, they can easily avail the loan to the tune of ₹ 30 Lakh for a period of 24 months to 60 months.

Key features:

Personal Loan Scheme

Approval

Disbursement

Collateral

Interest Rate

For Doctors

Within 24 hours

Within 72 hours

None

12.99% onwards

6#.Fullerton India Personal loan for Home Improvement-

Fullerton India provides a simple and easy to avail solution for all your worries regarding your idea of a home renovation or improvement. A home is where a family resides most of their life, sharing small moments & building memories, so if you are willing to give your home a new look, add more luxury, Fullerton India personal loan for home improvement is the answer to all your wishes. A loan amount to the tune of ₹ 30 Lakh is available under this scheme which can be utilized to cover 90% of all costs. 

Key features:

Personal Loan Scheme

Approval

Disbursement

Collateral

Interest Rate

For Renovation

Within 24 hours

Within 72 hours

Minimal

12.99% onwards


7#. Fullerton India Personal Loan for Emergency-

Fullerton India understands the urgent need of funds at the time of a medical emergency and always prioritize such applications in their approval process. Fullerton India personal loan for medical emergency shares the burden off your shoulders and provides the required quantum of funds on easy EMIs at the lowest preferred rate of interest. An individual can avail a medical emergency fund to the tune of ₹ 25 Lakh for a minimum of 24 months.

Key features: 

Personal Loan Scheme

Approval

Disbursement

Collateral

Interest Rate

For Emergency

Instant

Within 24 hours

None

12.99% onwards

Fullerton India Balance Transfer and Loan Top-up

Fullerton India Personal Loan offers its customers an added advantage of transferring their existing loan from another bank or a Non-banking financial institution to their books at very low & attractive interest rates. This feature is restricted to a minimum payment of 12 EMIs of the existing loan. Once a customer has paid 12 subsequent EMIs with their current bank, they are eligible for transferring their balance of funds to Fullerton India. 

The personal loan from Fullerton India has an additional feature which allows a borrower to not just transfer their existing loan, but they can also avail a top-up on that loan. In simple terms, it means that a borrower can avail the same amount of funds that they might have initially borrowed from their previous facility, after paying subsequent EMIs they can now re-borrow the amount that has been paid against the previous balance.

Fullerton India Personal Loan Login

With Fullerton India Personal loan, if an applicant or an existing customer is looking forward to checking the status of their application or their loan account in real-time, they can easily check it on Fullerton India’s website or with the mobile app. A customer needs to log in to their respective account by entering their registered mobile number or the customer reference number which is designated to their account. They can either use their login passcode to enter or can ask for an OTP (One Time Password), through which they can login. Once logged in, the webpage provides all the details regarding the status of the application and all the transactions that have taken place in that loan account.

Check Fullerton India Personal Loan Application Status?

Once you apply for a personal loan by Fullerton India, the NBFC starts the loan approval process. All documents are verified and eligibility of the candidate is weighted. If the company is of the opinion that the loan will be repaid by the applicant, it approves the application and the amount is sanctioned to the borrower.

An applicant can check the status of his loan approval process in the meantime. The best and simplest method is to do so is through the online portal. The steps are mentioned below:

  • Visit Afinoz and click Track Application
  • Click on “Track Your Loan Application” in the “Services” tab
  • Provide your details such as Loan Application ID, Mobile Number and the Date of Birth
  • Submit the request
  • The status of your loan application will be provided on the screen

Fullerton India Customer Care

Fullerton India provides a 24X7 customer support to all its customers and a customer can reach out to the institution by simply dialing the toll-free number i.e. 1800 103 6001 either from their registered mobile number or from any other handheld phone. Fullerton India has deployed a team of experts and technically sound customer service executives which are capable enough of providing solutions to most your queries, concerns and other grievances regarding the due process of loan application and disbursal. Other than the toll-free number, an applicant can also drop an email on namaste@fullertonindia.com in case the your query requires submission of reports or any other document.

Why should you choose Fullerton India for Personal Loans?

There are various reasons why one can choose Fullerton as their personal loan partner; some of the reasons are listed below:

  • Attractive interest rate- One of the primary reasons people opt for Fullerton India as their loan partner is because it offers competitive interest rates.
  • Multipurpose loan- Fullerton India leverages you a personal loan which you can use for weddings, holidaying, meeting medical expenses, hobbies, etc.
  • Customized personal loan products- Fullerton India offers a personal loan to applicants curated as per their needs such as for women, elite class, etc. at lucrative interest rates.
  • Easy application and approval- One of the reasons that make Fullerton India a popular choice amongst the personal loan seekers is that the entire process of loan application and approval is easy and quick.
  • Additional Benefits to existing customers – Customers who already have an existing relationship with Fullerton India get a number of additional benefits such as instant loan approval and disbursal, top up loan on existing loan, curated interest rates, etc.
  • Loan tenure of up to 60 months – An applicant can extend his loan tenure to up to 60 months thus lowering the EMI amount payable every month. This reduces the pressure of repayment from the borrower.

Fullerton India Personal Loan Online Payment

With Fullerton India Personal loan facility, you can easily pay your EMIs through various payment modes. This loan comes with various payment options through the means of online payment gateways like Paytm, or you can easily login to your personal account and select the monthly EMI payment option. You can also schedule your EMI payments within your personal account, in a way that on the due date the payment gets deducted through your bank account and gets submitted automatically into your loan account.

Fullerton India Credit Company

Fullerton India Credit Company is a wholly owned subsidiary of Fullerton Financial Holdings Pvt. Ltd. Fullerton India started its operations in the year 2007 and has managed to place themselves as one of the leading Non-Banking Financial Corporations in the country with over 626 branches catering to over 2 million customers for their personal financing needs and requirements.

FAQs

Q1 What is EMI?
EMI stands for Equated Monthly Installment. It is the amount which you have to pay on a monthly basis to repay your personal loan over a specific period of time.
Q2 How do I calculate EMI?
You can use the online Personal Loan EMI Calculator at Afinoz.com in order to calculate the EMI that you might be paying each month towards the repayment of the loan.
Q3 Who can apply for a Fullerton Personal Loan?
The Fullerton India Personal Loan can be availed by the salaried as well as self-employed individuals.
Q4 Do I need to pledge any collateral or security in order to avail a Personal Loan from Fullerton India?
No, there is no requirement to pledge your assets or provide any collateral to avail a Personal Loan from Fullerton India.
Q5 Is there an option to foreclose or prepay my loan?
Yes, you can foreclose your loan after payment of a minimum of 6 EMIs.
Q6 What is the maximum personal loan amount available from Fullerton India?
The salaried individuals can avail a loan amount up to Rs. 20 lakhs. While the self-employed individuals can avail a loan amount up to Rs. 30 lakhs. A borrower needs to fulfil certain stipulations like income bracket and other criteria in order to be approved for a certain loan amount from Fullerton India.
Q7 I have already availed a loan from Fullerton. Do I get any offers from Fullerton India for getting a loan from them again?
Yes, if you are an existing customer of Fullerton, you will get additional offers and benefits like speedy processing and better interest rates. In addition, you will be eligible for a pre-qualified top-up on your existing outstanding principal.
Q8 What is the present Fullerton India Personal Loan Interest Rate?
The interest rate of Fullerton India varies with every customer and depends on some parameters like credit history and credit score.
Q9 What are the tenures for a Fullerton India personal loan?
Fullerton India provides personal loans with a flexible tenure ranging from 12 months to 60 months, making it suitable for all loan seekers.
Q10 How much EMI would I need to pay for my Fullerton India personal loan?
You can use the EMI calculator at Afinoz.com to understand the monthly payment you need to make against your Fullerton India Personal Loan. All you need to do is to simply answer a few questions. The tool will automatically evaluate your Fullerton India Personal Loan EMI and provide the result instantly.
Q11 Why should I apply for a Fullerton India personal loan through Afinoz.com?
Afinoz.com has an exclusive collaboration with Fullerton India for personal loan submissions. Applying for a Fullerton India personal loan online can get you the best interest rates and instant e-approval, along with a dedicated customer support for any queries or grievances.
Q12 Are the personal loan calculator tools of Afinoz.com free to use?
Yes. The Afinoz.com loan calculator tools are completely free as we are not charging any commission for the services we provide.
Q13 Can I know the EMI amount for my personal loan in advance?
Yes, we have a unique EMI calculator tool that offers the EMI breakup for all loans by simply entering the loan amount, tenure and the rate of interest. You can compare the EMI for different loan amounts and tenures with our tool and finalize the best-suited plan for your budgets before applying for a Fullerton India personal loan.
Q14 Is my data safe with Afinoz.com?
Absolutely. Afinoz.com does not share data with any third-party agent other than the financial institution for application. All data is sent with a high level of encryption making it safe and secure at all times.
Q15 After applying online with Afinoz.com, when will I get the loan amount disbursed and how long will it take?
 Afinoz.com immediately submits your Fullerton India personal loan application to the respective branch. A representative from us will then get in touch with you soon to collect the documents like salary certificate, identity proof etc. On submitting these documents, the institution initiates the verification process and checks your CIBIL score and disburses the loan if all you are found eligible. The process may take from 48 to 72 hours.
Q16 How can I foreclose my Fullerton India personal loan?
You can easily foreclose your personal loan by issuing a cheque against the Fullerton India personal loan account. Please note, the company allows foreclosure only after successful payment of 6 EMIs.
Q17 If I have a sudden fund requirement, can I use a cash advance on my credit card?
Yes, you can. But, withdrawing cash by using your credit card can be very costly if you do not make timely repayments. Cash withdrawals on Credit cards usually draw high-interest rates. Additionally, a transaction charge is also levied on you if you withdraw cash from your credit card through ATM. On the other hand, personal loan from Fullerton India comes with much cheaper Fullerton India personal loan rate of interest. personal loan status in Fullerton India also comes with easier repayment options, as compared to credit cards.
Q18 How can I keep a track of my fullerton india personal loan status ?
When you apply a Fullerton India personal loan, you are given a unique transaction id (generated when you submit the loan application). You are kept informed about your personal loan status in Fullerton India at every step through SMS and emails.
Q19 For what purpose can I use the fullerton india personal loan?
A personal loan from Fullerton India offers the most flexible personal loans as per the requirements and needs of the borrowing individuals. The personal loan in Fullerton India can be availed pretty much for any genuine credit need of yours. For any query about a  Fullerton India personal loan application, you can log on to afinoz.com or give us a call at +919899889816 or mail us at info@afinoz.com
Reviews
Rajat Vikash
06 Mar 2019
Hi myself Rajat Vikash in July I was looking for Personal Loan then I got referance for Afinoz Personal Loan Services. And I applied for Personal Loan and Thanks to Team Afinoz for there support to get disbursed my loan within a week.
Priytam Kumar
30 May 2019
Myself Priytam I was thinking that I can't avail Personal Loan Just Because I have bad Credit Score. But thanks to Team Afinoz for there long product so somehow I got Personal Loan from Afinoz Fullertan India. Again Thanks to Team Afinoz