Personal Loan Apply13382 views
Fullerton India personal loan comes to you at an attractive interest rate of 14.00%
This loan comes handy to meet all your personal needs
In the latest monetary policy meet held on March 24-27 2020, the RBI has decided to give a 3-month moratorium period for all outstanding loans as on March 1, 2020. Remember, this is not an EMI WAIVER. The move is in line with the economic pressures induced by the Coronavirus outbreak. So, this could mean some savings for you on your loan and help you deal with the likely situation of less or no income. Your credit score will not reduce if you don't pay the EMI. But doing so can raise your interest liability as banks would like to cover their losses, which is likely to be the case on deferred EMI payments, by increasing the interest component of the EMI after the moratorium period gets over. So, if you have the money, keep paying to reduce your interest liability.
Want to avail a personal loan that comes to you with multiple features and benefits? If yes is your answer, you can apply for Fullerton India Personal Loan. The reputed lender offers you this credit facility at an attractive interest rate, thereby allowing you to enjoy the pocket-friendly EMIs and reduced Interest Outgo. Want to know more? Read the page below.
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Table of Contents
- 1 Fullerton India Personal Loan Interest Rate April 2020
- 2 Fullerton India Personal Loan EMI Calculator
- 2.1 Fullerton India Personal Loan Eligibility Criteria
- 2.2 Documents Required
- 2.3 Fullerton India Personal Loan Status
- 2.4 Fullerton Personal Loan Contact Number
- 2.5 Fullerton Personal Loan Statement Online
- 2.6 Does Fullerton India Offer a New Personal Loan After You Close the Previous Personal Loan?
- 2.7 Can You Get a Personal Loan from Fullerton India When You Have an Existing Bike Loan?
- 2.8 What If Your Personal Loan Application Has Already Been Rejected by Fullerton India, Would You be Able to Apply Again?
- 2.9 How Can You Foreclose or Prepay Your Fullerton India Personal Loan?
- 2.10 Features and Benefits
- 3 About Fullerton India Personal Loan
Fullerton India Personal Loan Interest Rate April 2020
Personal loan interest rates are not uniform and can vary from customer to customer. The interest rates are determined based on various factors such as the loan amount, tenure and the repayment capacity of individuals. At present, Fullerton India offers the loan at an interest rate ranging from 14%p.a. – 33% p.a.
|Interest Rates||14.00% - 33.00%|
|Loan Amount||Up to ₹30 lakh|
|Repayment||12 - 48 months|
|Processing Fee||2% of the loan amount|
Advantages for Existing Customers
- Top-up loan to customers on their outstanding principal amount
- Additional benefits on processing period and interest rates
Fullerton India Personal Loan EMI Calculator
Stuck at long and lengthy EMI calculation? Speed up the process by using the EMI Calculator. Not only that, you can even know the total interest amount and the overall repayment using the calculator. It shows the repayment summary when you put the values of the loan amount, interest rate and tenure in the respective fields. To know how the calculator works, let’s take a look at the example below :
For Example – If I avail a loan of ₹3,00,000 for the period of 4 years at the interest rate of 14% p.a. then what would be my EMIs and interest outgo?
Table Showing EMI, Interest Outgo, and Total Repayment Amount EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount ₹ 3,00,000 14% 1 ₹ 26,936 ₹ 23,234 ₹ 3,23,234 ₹ 3,00,000 14% 2 ₹ 14,404 ₹ 45,693 ₹ 3,45,693 ₹ 3,00,000 14% 3 ₹ 10,253 ₹ 69,118 ₹ 3,69,118 ₹ 3,00,000 14% 4 ₹ 8198 ₹ 93,501 ₹ 3,93,501 Year Principal Interest Balance Amount 1 ₹ 60,137 ₹ 38,238 ₹ 2,39,862 2 ₹ 69,118 ₹ 29,257 ₹ 1,70,744 3 ₹ 79,440 ₹ 18,935 ₹ 91,304 4 ₹ 91,398 ₹ 7071 ₹ 0
Table Showing EMI, Interest Outgo, and Total Repayment Amount
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Fullerton India Personal Loan Eligibility Criteria
The eligibility criteria is given below :
|Age||Min-21 years; Max-60 years|
|No. of years in employment||3 years & above|
|Current Experience||6 months & above|
|Net Monthly Income||₹15,000/- & above|
|Application form with a recent photograph||Application form with a recent photograph|
|Proof of identity (passport copy/ voter ID card/ driving license/ PAN card)||Proof of identity (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)||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)||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||Proof of business existence|
|Form 16||Bank statements (bank statement / bank passbook for last 6 months)|
|Income tax returns for last 3 years||Profit and loss statement for last 3 years|
|Processing fee cheque||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 Status
It is absolutely easy to check the real-time status of your personal loan. All you need is log in to your account to check the status. You can see whether application is accepted, rejected or pending as everything is now on your fingertips all thanks to this online facility that allows you to know the status without any hassle.
Fullerton Personal Loan Contact Number
To get in touch with the customer care executives of Fullerton India, all you need to do is just dial 1800 103 6001 either from your landline or mobile number. For all your queries, concerns, feedback, suggestions and complaints, the friendly team of experts at Fullerton are there to help and guide you. These professionals have the necessary experience and expertise to give you the best solutions and hence make your personal loan journey a hassle-free one. You can get in touch with these experts anytime and ask for their guidance and support.
Fullerton Personal Loan Statement Online
You can check the statement of your personal loan by visiting the official website of Fullerton India. The lender allows you to know each and every detail of your loan in a hassle-free manner. The statement includes all the required details related to your account, which makes it easy for you to keep a tab on everything on the go. Isn’t it great? Of course, it is!
Does Fullerton India Offer a New Personal Loan After You Close the Previous Personal Loan?
Yes, you can easily get a new personal loan from Fullerton India soon after closing your previous loan. But while availing this new loan, make sure you have a minimum gap of at least 9 or 12 months. Yes, doing so won’t hamper your CIBIL score. The process of applying for a loan in Fullerton is easy and quick as you can either apply online or go for an offline mode.
Can You Get a Personal Loan from Fullerton India When You Have an Existing Bike Loan?
Yes, you can get a fresh personal loan from Fullerton India even when you are having an existing bike loan. In such a case, the lender usually checks the monthly income of an applicant and the existing loan EMI that he/she is paying to the lender. If the monthly expenses of a borrower are such that he/she can repay another loan, Fullerton India will have no problem lending to the concerned individual.
What If Your Personal Loan Application Has Already Been Rejected by Fullerton India, Would You be Able to Apply Again?
Once your loan application has been rejected from Fullerton India, you won’t be able to apply again anytime soon. It is advisable that you should wait for some time, say 6-7 months, to apply again. The reason being, if you wait for some time, it will help in boosting your CIBIL score. And, if your CIBIL is good, in such a case, you would be able to easily apply again at the same lender. Having a good score is definitely going to work in your favour as it helps you grab the best deal. So, if you are someone whose loan application has been recently rejected by Fullerton India, all you need to do is just wait for some time so that you could maintain a good credit score.
How Can You Foreclose or Prepay Your Fullerton India Personal Loan?
You can do so by giving a foreclosure request at the customer care centre and branch. You can also email your request or register it via customer service portal or mobile app. Let’s check out what will happen after you submit the foreclosure request.
- You will get the date on which you will receive your foreclosure ID
- Afterward, you can visit the branch and pay the foreclosure sum and applicable charges
- You will receive an acknowledgement of payment and foreclosure after the former
Features and Benefits
- Best in class interest rates
- Simple documentation
- Quick processing & Disbursal
- Enjoy the convenience of doorstep service
- No requirement of a collateral/guarantor
- Easy monthly repayment
About Fullerton India Personal Loan
Being a Non-Banking Finance Company, Fullerton India is known for offering a wide range of financial products. Yes, with its many financial products such as personal loans, it fulfills the needs of many. When it comes to a personal loan, this renowned company leaves no unturned to meet all your desires. Yes, whether it’s your child’s marriage, furnishing the home, family holiday or funds for higher education, Fullerton India with its flexible and thoughtfully designed personal loans satisfies the needs of all.
Moreover, this company with its easy and simple personal loan procedures understands your requirements and helps in turning your dreams into reality.