India Business Wire
Need an instant loan for a sudden expense? A Fullerton India personal loan is one of the best options when you need funds quickly.
With features like instant approval in principle*, no restrictions on end use of loan amount, and no collateral requirements, personal loans are the most sought-after way to handle immediate and anticipated financial needs. Fullerton India personal loans are unique and personalized for clients with fast approvals and digital processes.
Benefits of Fullerton India Personal Loans
Fullerton India personal loans offer several benefits and features to the customers such as
- Low interest rates: Personal loan interest rates are very attractive, starting at 11.99% per annum for eligible loan seekers.
- Loans up to Rs. 25,000,000*: Customers can borrow up to Rs. 25 lakhs* from Fullerton India, depending on their loan needs and eligibility.
- 100% paperless application: Clients can apply online, using Fullerton India InstaLoan app or Fullerton India website and get instant approval in principle* based on their eligibility. Please note that while an approval in principle indicates that the lender will move their application forward for processing, final approval will depend on various factors including successful checks, documentation and Fullerton India policy.
- Quick disbursements: After successful verification and execution of the loan agreement, the loan is approved and the clients can get the approved funds in their bank account.
- Additional benefits: Existing Fullerton India customers can get additional benefits such as instant recharge loans with minimal documentation and easy loan management through the customer login section of the Fullerton India website and the m-connect mobile app.
5 Simple Steps to Get Instant Personal Loans Fullerton India
Customers can apply for a Fullerton India personal loan online by doing the following:
- Visit the Fullerton India website. Salaried persons can also apply using the Fullerton India InstaLoan application.
- Select the ‘Apply Now’ option under ‘Personal Loan’ and enter the mobile phone number. Also specify whether you are employed or self-employed.
- Enter the OTP sent to mobile for mobile number verification.
- Enter the desired loan amount and the expected loan term.
- Provide personal and professional information and also give bank details.
- Upload the requested documents
These steps complete the instant loan application process with Fullerton India. If the applicant meets the personal loan requirements as per the Fullerton India eligibility criteria, approval in principle can be provided and the application is processed further. Shortly after final approval, funds are disbursed.
Eligibility criteria for a personal loan
- The loan applicant can be a self-employed person or an employee of a private or public company.
- Salaried persons residing in Delhi or Mumbai should have a minimum salary of Rs. 25,000, and salaried persons residing in any other Indian city should have a minimum salary of Rs. 20,000.
- Independent professionals must have a minimum turnover according to their sector of activity or profession.
- The age of the borrower must be 21 years minimum at the time of the filing of the loan application and 65 years maximum at the maturity date of the loan.
- The borrower must be an Indian resident.
- Borrowers must have a credit score of 750 or higher. Those who have no credit transaction history and therefore have an “NH” or “-1” score can also apply.
- Candidates should have at least 1 year of overall work experience and at least six months of work experience in the current organization.
- Loan applications from cash salary seekers will not be accepted.
Documents required for a personal loan
- Loan applicant’s PAN and proof of identity
- Proof of address (home and job) of the loan applicant
- Salary slips for the last three months for a salaried borrower
- Proof of income or financial statements for self-employed
- Form 16 or tax returns
- Bank statements for the last six months of the loan applicant
Fullerton India offers complete transparency in the loan approval process for customers. Customers can get quick loans at attractive interest rates and no hidden fees using a simple loan application process. The interest rate for personal loans in Fullerton India ranges between 11.99% and 36% per annum depending on the eligibility of the applicant.
For more information contact:
1800 103 6001
Hours: 9:00 a.m. to 7:00 p.m.
One can also visit: https://associations.fullertonindia.com/contact-us.aspx