Fullerton India Personal Loan

What is Fullerton India Personal Loan?

Fullerton India Personal Loan is a perfect option for people in need of finances for their personal use. Be it using for marriage or paying off your previous debts. A Fullerton Personal Loan is one stop solution to your problems. It comes under unsecured loans, that means you do not have to mortgage anything. It is an instant finance option, your loan gets approves in no time at all.

Interest Rate Personal Loan:

The interest rates of Personal Loan depend upon the company’s profile, salary of a person and his CIBIL score. It starts from 10.75% per year.

More About:  Personal Loan

Features:

  1. Personal loans are unsecured loans
  2. The loan amount depends on the income and repayment capability of the person.
  3. A personal loan is for short tenure.
  4. It is a multi-purpose offer that can be used for almost all financial problems of life.
  5. No collateral like property or asset is required.

Eligibility Criteria:

Not everyone can avail a personal loan as risk is involved in terms of its repayment,  as it is unsecured. There are certain rules based on which a bank provides a personal loan to the applicants.

There are two categories of applicants:

Salaried

Self-employed

There are different rules for both.

Salaried Applicant:

The minimum age of the applicant must be 21 years.

If the borrower resides in a metropolitan city, then the minimum income should be Rs 18,000. And if the person belongs to a non-metropolitan city, the minimum salary should be Rs 12,000.

The borrower must have a working experience of last three tears, and the salary should be deposited in their bank account only.

If the person has applied for a personal loan, then he should have a good credit history.

Self-Employed Applicant:

The age of a self-employed applicant should not be less than 25 years.

The applicant should have been filing his ITR for the last three years.

The applicant should have good credit score, with no debt left due.

The minimum ITR filed should be 2.5 lakhs per annum.

Documents:

Identity proof (Passport/ voter card/ driving license/ aadhar card)

Residence proof (passport/ voter card/ driving license/ ration card/ aadhar card). If the borrower is residing in a rented apartment, then he has to submit his rental agreement and electricity bill which has to be on the name of the applicant and the address of the owner.

PAN card of the applicant has to be submitted under KYC formality.

If the applicant is s salaried one, then he has to submit his salary slip of the last three months and the bank statement of the last six months.

If the applicant is self-employed, then, he has to submit the ITR of the last three years, and registration of their business should be done.

Two passport size colored photos.

How to apply?

Visit  www.bookmyloans.in

Fill the application form for the personal loan.

You will get a call back within 5 minutes, with proper guidance.

If you are eligible, then your loan will get approved within 10 minutes.

Tenure

The tenure of personal loan is from 1 year to 5 years.

About Fullerton  Personal Loan

Fullerton is a NBFC (Non-Banking Financial Company). It offers retail finances to rural households and to small and medium enterprises in India.

Personal Loan Interest Rates: Updated

BankInterest Rates (per annum)
HDFC Bank10.99% to 18%
ICICI Bank13.99% to 18%
Fullerton India17.25% to 32%
Bajaj Finserv13.99% to 16.75%
Axis Bank15.50% to 24%
Standard Chartered Bank15.75% to 22%
Kotak Mahindra Bank13.75% to 19%
Andhra Bank13.50% to 22%
Bank of Baroda13.50% to 19%
Vijaya Bank13.75% to 22%
Corporation Bank14.50% to 20%
Allahabad Bank13.70% to 20%
Tata Capital11.75% to 18.00%