Fullerton Personal Loan

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Fullerton Personal Loan Details

Fullerton star star star star star 4.25 / 5.04 users

Fullerton India Credit Company Limited offers personal loans to salaried and self-employed people at pretty competitive rates. It is owned by Fullerton Financial Holdings Pte. Ltd. It provides loans up to Rs 20 lakhs to salary earning people while up to Rs 30 lakhs in case of the self-employed. They have a quick approval mechanism with online application facility and demand minimum documentation.

They do not expect any collateral security or a guarantor. The applicants can use the funds for these personal loans for any legal purpose without any restriction. At Loanbaba.com, you can check out all the features of personal loan Fullerton.

Fullerton Personal Loan Details Updated on 16th September 2019
Loan Amount Rs.1,00,000 to Rs.20,00,000
Loan Tenure 5 Years
Interest Rate 11.99% to 23.99%

Why Choose Fullerton Personal Loan?

  • The advantage of this loan is its same interest throughout the duration.
  • Simple documentation is needed and the personal loan in Fullerton then gets processed faster.
  • The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.

Features of Personal Loans at Fullerton

The following key points will help you understand the features and benefits of the personal loans:

  1. Eligibility
  2. Only the Indian citizens who are aged between 21 – 60 years can apply for the loan. The minimum salary for salaried individuals should be over Rs 12,500 per month while in case of professionals and the self-employed, the minimum salary requirement is Rs 15,000 per month.

  3. Loan Value
  4. Applicants can avail a loan amount of not more than Rs 20 lakhs in case of salary class people while it reaches to Rs 30 lakhs in case of the self-employed. However, the final loan value shall depend on the repayment capacity and financial records of the applicant.

  5. Tenure

The loan tenure ranges from 12 – 48 months, thus making very convenient for the loan seekers.

Why Apply for Fullerton Personal Loan on Loanbaba.com?

At Loanbaba, you can compare and apply for personal loans online. You can check out several personal loan schemes by Fullerton and go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. You can also quickly apply for Fullerton Personal Loan online the official website of Fullerton India having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

How to Apply for Fullerton Personal Loan on Loanbaba?

You can apply for Fullerton personal loan or any other bank/NBFC personal loan at Loanbaba.com.

Fullerton Personal Loan Interest Rates

Personal Loan Fullerton interest rate (fixed) ranges between 14.00% and 34.00%. Keep a check on this page to note the updated Fullerton personal loan interest rate for the current year.

Fullerton Personal Loan Eligibility Calculator

Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Fullerton personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for Fullerton’s personal loan are discussed below:

  • The applicant for personal loan Fullerton needs to meet the age requirement and possess all necessary identity and income proof required to apply for the loan.
  • He/she meet the requirement for credit score and should not be under too many debts.

Types of Fullerton Personal Loans

Fullerton has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

Fullerton Personal Loan FAQs

Below provided are important questions about personal loan Fullerton.

  • addFAQs
    1. How important is your credit score to avail the loan?
    2. As a personal loan is an unsecured loan, banks and NBFCs place a lot of importance on your credit score. It is because your credit history tells the lender as to how credit hungry and wise you are. If you had taken loans and timely repaid the same, your credit score will be good and convince the lenders to look at you as an eligible candidate to lend money. But if you do not have any credit history, then financial institutions will have no way to know if you can be trusted with money and repayments.

      Moreover, a bad or poor credit score will signify that you have been irresponsible financially and have not repaid loans in time. This will dissuade the lender from providing you any fund. Even if you do get a loan on a below average credit score, the terms and conditions of the loan will be quite stringent, such as a high rate of interest, not so flexible repayment option etc.

      This is why it is important to never miss credit payments and retain a good credit score even if you think you may face no need of taking a new loan in the future. Consciously, you must put in best efforts to repay in time, the old loan, and any new loan you plan to take.

    3. What are the documents required for Fullerton Personal Loan?
    4. There aren’t any heavy documentation requirements for online application of the personal loans. However, you can submit your KYC documents for e-approval at your nearest branch. This includes your ID proof, address proof, updated bank statement and income documents.

    5. What are the documents required for Fullerton Personal Loan?
    6. There aren’t any heavy documentation requirements for online application of the personal loans. However, you can submit your KYC documents for e-approval at your nearest branch. This includes your ID proof, address proof, updated bank statement and income documents.

    7. How to track your loan application on Fullerton’s website?
    8. To track the live status of the loan application, visit www.fullertonindia.com. It is the bank’s official website. Here on the homepage, you can find the ‘Contact Us’ tab. In this tab, there is an option ‘Track your personal loan application’. Here, you have to fill in basic details such as your mobile number, birth date, and loan application ID. Make sure to fill correct details. After submitting the details, the institution will help you with the current status of your loan application. You can even track the status of the online submitted form on InstaLoan App or by calling up with customer care. You will receive a call back about any query, usually within 24 hours.

    9. What are the Foreclosure terms for personal loan Fullerton?
    10. The Fullerton personal loan charges are mentioned below:

    11. What are the other charges for Fullerton personal loan?
    12. The Fullerton personal loan charges are mentioned below:

      • 30 is cheque bounce charge.
      • The processing fee is up to 6.5 percent of the loan amount.
      • 75% per month is the interest charged on delayed EMI payment interest every month, per month of delay- on the outstanding principal loan amount.
      • Collection of cash/cheque is Rs. 300 per collection.
      • 1000 is the loan cancellation charge for loan cancelled prior to the first EMI.
      • For any replacement on post-dated cheque to ECS, Rs. 500 is charged as swap charges.
    13. What is EMI and how to plan repayment of your loan with Fullerton India?
    14. EMI is also known as equal monthly instalments. Most of the loans come with a repayment plan of EMI. Monthly instalment makes it easier to manage the repayment burden. The EMI comprises of two equally divided components, interest and principal borrowed. Depending on the rate of interest applicable, loan amount, and tenure, the interest payout will differ.

      A longer tenure will cause you to pay a higher interest amount but lower instalment every month altogether, and vice-versa. Thus, you must always choose the shortest possible tenure depending on your repayment capacity. Even if shorter tenure prospective seems attractive, it is not always possible to pay higher EMI amount. Thus, you may have to choose a longer tenure than you may want.

      To plan repayment judiciously, follow the below-mentioned steps:

      • Draw a Monthly Budget : Make a note of all your financial liabilities and spending on the same in a month. Strike out any expenses you can avoid. Now stick to the budget plan and follow it strictly. Curtail unnecessary expenses and save maximum for repayments.
      • Spend Wisely : At times you may want to let it go easy and overspend. But a few moments of joy will only disrupt your finances. So, your priority must be to take care of your financial liabilities until you are done with repayments, before you can splurge. Spend wisely on any leisure or expensive habits, and replace those with economical ones.
      • Strive to Reduce EMI Burden: Keep repaying more than the EMI amount every time to reduce the burden of the loan. A few thousand of rupees itself makes a huge difference. If you make it a habit of pushing maximum funds towards repayment of loan, you will be able to close the loan before time and save on the interest payout.
      • Do Not Miss Payments: It is best to keep a track of EMI date and pay the instalment on time. Missing or delaying payments will attract penalty charges even if you miss the payment unintentionally. So, make a note of the EMI date and act on the reminders by the bank so as to avoid any additional charges and penalties.
      • Foreclose the Loan if Possible: Like discussed, to close the loan, you need to make the payments quicker. Now remember that Fullerton may charge a prepayment penalty if you close the loan before a specific time period. Check for the possible penalties and repay only when the penalties are no longer applicable.
    15. Is it possible to boost your eligibility for the loan?
    16. It is always possible to improve your eligibility for the loan. Even if you already meet the eligibility criteria by the financial institution, you can convince it for a better term and rate if you surpass their expectation. This can be achieved in a follower manner.

      • Be Polite: Be humble and polite with the customer executive and never lie about any detail, be it your income, professional, place of residence, etc. It sets the first good impression to the lender and they will be prepared to be flexible about terms and conditions.
      • Documentation: Keep all the documents ready for submission. It kills the hassles involved otherwise to gather the paperwork and process the loan. If all the copies and originals are ready for submission and verification, the loan gets processed faster and makes the financial institution think that you are a responsible and disciplined person.
      • Credit Score: Be someone with a good CIBIL score. Even if you meet the minimum credit score requirement, it may not always fetch you the lowest rate of interest. So be regular with payments and have a CIBIL score of 750+ and as close as 900 as possible.
      • Timely Payments: Be on time with payments right from the start. Never miss or delay any payment. And just in case of a financial contingency, the institution may rework the repayment plan given a genuine reason and your previous repayment record.
      • Lump Sum Payments: You can reduce the EMI burden and boost your loan eligibility by making a lump-sum payment at the first few months of the loan. This will make the lender believe that you are serious about repayments and doing your best to close the loan in a financially disciplined manner.
    17. How does your relationship with the financial institution impact the chances of a personal loan approval?
    18. If you are an existing customer with a good repayment record with Fullerton India, then your loan application will get processed faster and the bank will already have your details and documents. The institution will be aware of your repayment capacity, income, and thus, able to trust you better than new customers. It may even have special rates of interest for existing customers. As understood, existing customers are eligible to take a top-up loan facility if they have existing outstanding principal amount.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Fullerton.

Fullerton Personal Loan Review


Personal Loan
star star star star star 14.0/5
I stand by with Fullerton for the personal loan in Mumbai. My experience was nice. Verification process was also done in time and I received the amount within a short time.
Mumbai September 15, 2019
Personal Loan
star star star star star 15.0/5
Personal loan in Pune was approved by Fullerton at a great interest rate! I was able to secure the loan for a desirable tenure.
Mumbai September 15, 2019
Personal Loan
star star star star star 14.0/5
As I was holding a savings account with Fullerton they gave me personal loan for which the entire documentation process was very less. It was a quick disbursement procedure.
Mumbai September 14, 2019
Personal Loan
star star star star star 14.0/5
My experience with Fullerton for personal loan in Bangalore was a good one. My schedule was so hectic that I chose to apply online for the loan at loanbaba and was not disappointed by either of their service. Both loanbaba and Fullerton were professional in their service.
Mumbai September 12, 2019

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