Fullerton Personal Loan Interest Rate starts from 11.99%. The loan amount is between Rs. 1 lakh to Rs. 50 lakh on tenure 12 months to 48 months. The loan is available for both self-employed professionals and salaried individuals. You can use the loan amount to take care of any expense such as wedding, travel, healthcare, education, home repair, and a lot more. The lowest EMI per Rs. 1 lakh is Rs. 2,633 on the lowest rate of interest and for 48 months tenure.
In the below-given post, we will discuss about the features of Fullerton Personal Loan Interest Rate, its details, factors that influence the rate of interest, other charges, loan cost illustration, EMI calculation, interest calculation, and frequently asked questions.
Below given are the features of personal loan interest rate Fullerton India:
The interest rate is between 11% and 19%. The NBFC provides customized personal loan rates of interest and schemes for borrowers from special category, working in reputed banks/companies/government bodies, etc. You can also avail a top-up loan on an existing personal loan starting at 11.99%. Fullerton India does an assessment of your income, loan amount, tenure, existing financial liabilities, and other factors to determine the offered interest rate.
Below mentioned are the factors that influence the rate of interest offered by this NBFC:
Though it is the interest rate that primarily defines the total cost of the loan, there are other charges and fees that affects the EMI. Below given are details of such personal loan charges by Fullerton India:
Below mentioned is a brief illustration on Fullerton Personal Loan cost:
At 11.99% interest rate, here is the Fullerton personal loan EMI for different tenure and loan amount:
Equated monthly instalment or EMI is a fixed amount you pay to the financial institution for the loan taken. The EMI is repayment towards the borrowed amount. It consists of both the interest and principal component. You need to pay EMI on a fixed day of the month till end of tenure. The EMI on personal loan Fullerton India depends on the loan tenure, loan amount, monthly income, interest rate, and other factors:
Below are details of EMI on Rs. 1 lakh at lowest rate 11.99% at different tenures:
Below given are the frequently asked questions about Fullerton personal loan interest rate:
The beginning interest rate is 11.99% and the lowest EMI per lakh is Rs. 2,633. In case you pay an EMI more than this amount to any bank or NBFC, then you may opt for balance transfer to Fullerton India.
Existing or past customers with a good relationship with Fullerton India can expect a better offer on the interest rate and loan scheme. Apart from this, government employees and people working for reputed companies can expect discounted rates too.
Here are a few tips for a successful personal loan application:
You do not need a guarantor or security to apply for a personal loan.
If your documents are in place and you fit the bill of the bank/NBFC, then you can get personal approval in as less as 24 hours. After this, the funds will be credited to your bank account within as less as 48 hours.
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