Make Your Home Festive Ready with Fullerton Personal Loan

With the start of the festive season, most people plan on decorating and renovating their homes. Getting a loan during the festive season is quite common, given that most people find it auspicious to purchase a new home, vehicle or buy gold during this time. Numerous banks and financial institutions offer home loans, personal loans, car loans at attractive rates. Loans during the festive season are provided at lower interest rates and processing fee and the processing time is a lot quicker during the festive season. Fullerton India personal loan serves multiple financial requirements and can be availed by both salaried and self-employed individuals. Fullerton personal loans offer affordable interest rates starting from 12%. You can borrow an instant personal loan of up to Rs. 25 lakhs, with flexible repayment tenures of up to 60 months.

Personal Loan for Festive Season

With the personal loan funds, you can make the most of the seasonal deals on home renovation, purchasing new furniture, home appliances and more to give the home a festive touch. Even if you plan on doing major renovations and require a higher loan amount you can opt for a long tenor, This way, the repayments will get span, you can get a Flexi loan facility. When you get a Fullerton Personal loan, you can avail a loan amount of up to Rs. 25 lakhs at low-interest rates. The repayment tenure on loan is quite flexible, the funds can be used for expenses during the festive season.

Loan Eligibility Criteria

Every bank and lending institution has set eligibility criteria for getting a loan. The lenders run a check through the applicant's credit history and other factors like age, income, work experience, etc. Let's have a look at the basic loan eligibility criteria for Fullerton Personal Loan

• The applicant must be an Indian citizen to be eligible for a loan
• You must be employed at a private limited company or public sector undertaking or a self-employed individual
• The applicant needs to be between the ages of 21 and 60 years of age
• For Salaried Individuals:

Rs. 25,000/Month for Mumbai or Delhi resident

Rs. 20,000/Month if residing anywhere in India

• For Self Employed Individuals the minimum yearly profit after tax set based on the profession/industry

Documents Required for Personal Loan

The following are a list of primary documents required for a Personal Loan.

• Duly filled and signed loan application form
• Proof of identity such as Aadhar, PAN Card, Voter’s ID, etc.
• Proof of address such as Aadhar, Passport, Electricity bill, etc.
• Documents for proof of age
• For Salaried individuals, a salary slip for the last three months is required
• Bank account statement for the previous six months
• ITR (Income Tax Return) or Form 16
• For self-employed individuals proof of Income / financial statements

Personal Loan Disbursal

Instant Financing is the key to get your home festival-ready. To get faster loan approval, you need to ensure you fulfil the eligibility criteria and submit the required KYC and financial documents. By getting a Bajaj Finserv Personal Loan at Finserv MARKETS you can get the loan amount disbursed within 24-hours. You also get pre-approved offers for instant financing that can be quite convenient during the festive season. Once the loan agreement gets finalized and you are then free to use the loan amount for multiple purposes like bill payments, buying a home, purchase new appliances, home renovation etc.

Impact of CIBIL Score

CIBIL Score is one of the most commonly used scores to determine an individual's eligibility for a personal loan. Your credit score reflects your creditworthiness, based on your borrowing and loan repayment history. CIBIL score ranges from 300 to 900 and the higher your score, the better are your chances of getting your loan application approved.