Fullerton Personal Loan

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

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.