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Fullerton India Nari Shakti Personal Loan for Women

Highlights

  • How Does the Fullerton India Nari Shakti Personal Loan for Women help them fulfill their financial needs?
  • Read this post that tells about this loan in detail

Today’s women are independent and can meet their financial needs without any support from men. And Fullerton India knows women’s needs that is why it provides personal loans to them. Using Fullerton India Nari Shakti Personal Loan for Women, you can renovate a house, buy the latest gadgets, pay your debts, and meet other financial needs. Read this page below and know more about Fullerton India Nari Shakti Personal Loan.

Apply Personal Loan @ 10.75%* Rate

Fullerton Nari Shakti Personal Loan Interest Rate

Fullerton India charges an interest rate on your borrowed loan amount based on your income and credit history. Look at the table below and know the loan details.

ParticularsDetails
Loan Amount (in INR)Up to 25 lakh
Interest Rate (in per annum)14.00% - 24.00%
Tenure (in months)12 to 60
Processing Fee (in percentage)NIL to 6% of the loan amount
Prepayment Fee (in percentage)NIL to 7% of the loan balance amount
Lowest EMI Per Lakh in 60 Months (in INR)2,275

Fullerton India Nari Shakti Personal Loan for Women EMI Calculator

Before you borrow a personal loan, you should check the EMI amount. Because it can help you manage the loan repayment. All you need is a personal loan EMI calculator. And Fullerton India provides you access to the EMI calculator. This smart device helps you know the exact and accurate EMI amount of your borrowed loan amount.

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The EMI tool works when you insert Fullerton India Nari Shakti Personal Loan for Women details such as the principal loan amount, interest rate and repayment tenure. Let’s understand the working of an EMI calculator with the help of an example below.

Suppose you borrowed a personal loan of INR 5 lakh from Fullerton India at an interest rate of 16.00% per annum. And as you know the tenure for Fullerton India Nari Shakti Personal Loan for Women ranges from 12 to 60 months. So before applying for the loan, you should check the EMI amount using the EMI tool. Check out the table below to see the outcome.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 5,00,00016.00%1₹ 45,365₹ 44,385₹ 5,44,385
₹ 5,00,00016.00%2₹ 24,482₹ 87,557₹ 5,87,557
₹ 5,00,00016.00%3₹ 17,579₹ 1,32,827₹ 6,32,827
₹ 5,00,00016.00%4₹ 14,170₹ 1,80,167₹ 6,80,167
₹ 5,00,00016.00%5₹ 12,159₹ 2,29,542₹ 7,29,542

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 70,963₹ 74,945₹ 4,29,037
2₹ 83,187₹ 62,720₹ 3,45,849
3₹ 97,518₹ 48,390₹ 2,48,330
4₹ 1,14,318₹ 31,590₹ 1,34,012
5₹ 1,34,172₹ 11,896₹ 0

Eligibility Criteria of Fullerton India Nari Shakti Personal Loan for Women

To borrow a personal loan from Fullerton India, first, you need to check eligibility criteria for Fullerton India Nari Shakti Personal Loan. The following are the requirements you need to meet to apply for a personal loan.

  • The age of the applicant should be 21 years to 60 years
  • Salaried women employees living in either Mumbai or Delhi must have a minimum monthly income of INR 25,000. A monthly income of INR 20,000 per month will be needed for women employees living in the rest of India
  • Self-employed women applicants loan eligibility is based on their minimum yearly profit after-tax payment.
  • Minimum 1 year of experience is required for salaried women applicants
  • The minimum CIBIL score required is 750
  • EMI/Income ratio of maximum 65.00% on Fullerton Nari Shakti Personal Loan
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Fullerton India Nari Shakti Personal Loan Eligibility Calculator

You may want to know how much you are eligible to borrow based on your income. For this, Fullerton India’s loan eligibility calculator can be used. It is an online tool that helps you know the loan amount you could receive from Fullerton India. As you know your eligibility for Fullerton India Nari Shakti Personal Loan is determined by your age, place of residence, monthly income from the above-mentioned information. But the eligibility calculator helps you know the appropriate amount when you have ongoing EMIs.

The personal loan eligibility calculator is simple to use, you just need to insert the following details to know your eligible personal loan amount.

  • Select the employment status from salaried/self-employed
  • Enter your residence city
  • Date of Birth
  • Net monthly income
  • Current EMI amount, interest rate and tenure

Then, you will be able to see the personal loan amount you are eligible for on your computer screen.

Required Documents

To apply for a Fullerton India personal loan, all you need to do is submit a few documents. There’s not much paperwork involved in the loan process. Have a look at the below points to know the documents which you are required to submit when you apply for a personal loan at Fullerton India.

KYC Documents

  • Driving license
  • Aadhaar card
  • Voter ID card
  • PAN Card

Income Documents

  • Salaried
    • Last 2 months salary slips
    • Last 3 months bank account statements of your salary account
  • Self-employed
    • Income proof such as ITR Report
    • Last 3 months current account

Features and Benefits

  • Instant Approval: Fullerton India provides loans to women quickly without any hassle. Just fill the loan application form and submit a few documents to borrow an instant loan.
  • Online Loan Account: The loan process is online, you don’t need to visit any branch to apply. And you can get access to your Fullerton India Loan Account using the online services.
  • Loan Disbursal in 72 hours: After the loan approval, you don’t need to wait anymore as the funds will be transferred to your bank account within 72 hours.
  • Attractive Rate of Interest: Fullerton India provides loans to women at preferential rates ranging from 14.00% - 24.00% per annum.
  • Collateral Free Loan: Don’t worry if you don’t have an asset to pledge as Fullerton India provides you a personal loan free from collateral.
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Personal Loan Interest Rates September 2020
Fullerton India14.00% - 33.00%
HDFC Bank10.75% - 21.45%
ICICI Bank10.75% - 18.49%
IndusInd Bank11.25%
Kotak Bank10.99% - 20.99%
RBL17.50% - 24.00%
Standard Chartered Bank11.00% - 15.00%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates September 2020
Axis Bank7.75% - 8.55%
Bank of Baroda7.00% - 8.40%
Citibank8.20%
HDFC6.90% - 7.65%
ICICI Bank6.95% - 8.05%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank7.20% - 9.30%
LIC Housing6.90% - 7.90%
Piramal Capital & Housing Finance9.00% - 9.10%
PNB Housing Finance8.60% - 9.45%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI6.95% - 7.60%
Tata Capital9.20% - 9.35%