Apply for Fullerton Personal Loan

Why apply through CreditMantri

CreditMantri matches your credit and demographic profile to Fullerton Personal Loan lending criteria - others just match your demographic criteria. We shortlist lenders willing to lend to you based on our proprietary matching algorithm.

In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. We upfront check whether you qualify for Fullerton Personal Loan. Hence the chances of your Fullerton Personal Loan application getting approved is higher.

17.25% *

best rate

2%

processing fee

4 yrs

max tenure

  • Personal Loan up to 20 lacs.
  • Easy Repayment over 12 to 48 months.
  • Quick and easy approval process
  • Balance transfer of an existing Personal loan
  • Interest Rate: 17.25% onwards
  • Processing Fee: 2% onwards
  • Application form with a recent photograph
  • ID Proof - Passport Copy/ Voter ID card/ Driving License/ PAN Card
  • Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License
  • Age proof - PAN Card, Passport, any other certificate from a statutory authority
  • Bank Statements (Bank statement / Bank Passbook for last 6 months) OR Last 3 months’ salary slip
  • Form 16
  • Income Tax Returns for last 3 years
  • Processing fee cheque
  • Previous 2 years’ experience letter without any gap (if current work experience < 1 year)

About Fullerton India

Fullerton India was launched in 2007 and has over 470 branches across the country. This non-banking financial company (NBFC) focuses on financing individual credit needs, SMEs, rural housing, microenterprises among other segments.

Fullerton India Personal Loan

Unexpected expenses can arise anytime and often, a personal is the quick and convenient solution. Whether it be higher education for your children, your child's marriage, furnishing your home, or simply a family holiday, a personal loan can come to the rescue. You can meet all sorts of financial needs without worrying about being restricted by the end use, or the need to raise collateral. Now, fulfil all your financial obligations without worry.

Fullerton India Personal Loan - Features

No collateral, no security

Since a personal loan is an unsecured loan, you need not pledge any collateral when applying for a Fullerton India Personal Loan. There is no requirement for a guarantor either.

Loan amount

You can avail of loan amount up to Rs 20 lakhs if you are a salaried individual and up to Rs. 30 lakhs if you are a self-employed business person, subject to terms and conditions. The loan amount depends on various factors such as your salary, your capacity to repay the loan, your credit history etc.

Flexible tenure

You can repay your loan amount over a period of 12 months up to 48 months.

Fullerton India Personal Loan - Fees and other Charges

  • Processing fee - Up to 6.5% of the Loan Amount
  • Delayed EMI Payment Interest (per month of delay, every month) - 0.75% per month on the outstanding principal loan amount
  • Cheque bounce charges - Rs. 30
  • Loan Cancellation charges (loan cancelled before first EMI) - Rs. 1000
  • Swap Charges, for replacement of Post-dated cheques to ECS (per instance) - Rs. 500
  • Collection of Cheque/Cash (per collection) - 300

Fullerton India Personal Loan Eligibility

You need to be a salaried or self-employed individual in order to avail a Fullerton Personal Loan and fulfil the minimum salary criteria.

Fullerton India Personal Loan - Documentation

For the Salaried

  • Completely filled in application form with a recent photograph
  • Proof of Identity - Passport Copy/ Voter ID card/ Driving License/ PAN Card (any one document to be submitted)
  • Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License (any one to be submitted)
  • Proof of age - PAN Card, Passport, Birth Certificate
  • Income proof - Last 3 months salary slip
  • Bank Statements - Bank statement / Bank Passbook for last 6 months OR Form 16
  • Processing fee cheque
  • Income Tax Returns for last 3 years

For the self-employed

  • Completely filled in application form with a recent photograph
  • Proof of Identity - Passport Copy/ Voter ID card/ Driving License/ PAN Card (any one document to be submitted)
  • Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License (any one to be submitted)
  • Proof of age - PAN Card, Passport, Birth Certificate
  • Proof of business existence and continuity
  • Bank Statements for last 6 months
  • Profit and loss statement sheet for last 3 years
  • Balance sheet for last 3 years
  • Income Tax Returns for last 3 years (for self and business) duly certified by a CA
  • Processing fee cheque

Fullerton India Personal Loan – FAQS

What is EMI?

EMI is Equated Monthly Instalment. It is the amount which you will be paying on a monthly basis to repay your personal loan amount over a stipulated period of time.

How do I calculate EMI?

You can use any online Personal Loan EMI Calculator in order to calculate the EMI that you might be paying each month towards the loan. In order to use the calculator, you will have to input the following:

  • Gross loan amount
  • Flat rate of interest
  • Tenure (in months)

You will get the resulting (approximate) EMI amount which you will have to pay each month towards repaying the loan. You can use CreditMantri’s handy calculator in order to plan your finances and decide what kind of loan you can afford.

Who can apply for a Fullerton Personal Loan?

Fullerton Personal Loan can be availed by salaried as well as self-employed individuals.

Do I need to pledge any security or collateral in order to avail a Personal Loan from Fullerton India?

No, there is no need to pledge your assets or provide any collateral to avail a Personal Loan from Fullerton.

Is there an option to foreclose or prepay my loan?

Yes, you can foreclose your loan after a minimum of 6 EMIs.

What is the maximum loan amount available from Fullerton India?

  • For the salaried

You can avail up to 20 Lakhs if you are found eligible

  • For the self-employed

You can avail up to 30 Lakhs if you are found eligible

You need to fulfill certain parameters like your income bracket and other criteria in order to be approved for a certain loan amount.

I have already availed a loan from Fullerton India. Do I get any offers from Fullerton India for availing a loan from them again?

Yes, if you are an existing customer of Fullerton India, you will get additional benefits like speedy processing and better interest rates. Additionally, you will be eligible for a pre-qualified Top Up on your existing Principal Outstanding.

What is Fullerton India Personal Loan Interest Rate?

The interest rate varies with each and every customer and depends on various parameters like credit history and credit score.

Fullerton Personal Loan Review

In times of need, availing a Personal loan rather than maxing out your credit card is the better choice. Fullerton’s interest rates and easy payment options gives you the much required respite and you can make repayment that can be spread over a long period, as per your repaying capacity.

Apply for a Fullerton Personal Loan

You can apply for Fullerton Personal Loan online by logging onto their website and submitting your basic information (your name, your company and salary details). The four step process includes checking eligibility, viewing offers that you qualify for, completing the application, and uploading documents. A representative can contact you regarding your application. You can also track the status of your application online.

If found eligible, you might also be asked to upload the following documents to process your loan application:

  • Photo Identity Proof (PAN card, Driving License)
  • Address Proof (Electricity bill, Passport)
  • Latest salary statement as Proof of Income, and
  • Bank statements

Alternatively, if you think you need help with your loan application process and advice on loan-eligibility, CreditMantri can guide you and match you with the loan offer that best suits your profile.