Among the many personal loans available, the Fullerton India Personal Loan is an affordable and accessible choice. On Bajaj Markets, you can avail of a Fullerton Personal Loan of up to ₹25 Lakhs and repay it in easy EMIs over flexible repayment tenures of 60 months.
Be it hosting a wedding, planning your travel, dealing with a medical emergency or debt consolidation, a Fullerton Personal Loan can help.
Instant approvals, quick disbursals, and exclusive loan offers are some of the amazing features of Fullerton Personal Loan, which you can enjoy.
Here is a tabular overview of Fullerton online Personal loan:
Fullerton Personal Loan Details |
|
Interest rate |
Starting from 12.00% per annum |
Loan Amount |
Up to ₹25 Lakhs |
Repayment Period |
Up to 60 months |
Minimum Income Required |
₹20,000 - ₹25,000 monthly, depending on the residential city |
Processing Fees |
0% - 6% of the loan amount |
Disclaimer: The rates mentioned are subject to change at the lender’s discretion.
The Fullerton India Personal Loan grants access to quick funds at competitive interest rates. These make it a lot easier to borrow and pay back a loan.
Here is a brief overview of the Fullerton Personal Loan interest rate:
Minimum Interest Rate |
12.00% p.a. |
Maximum Interest Rate |
36.00% p.a. |
Disclaimer: The rates mentioned are subject to change at the lender’s discretion.
The interest rate you get depends on several factors, like your credit score, age, occupation, and repayment capability. Apart from this, the loan amount and tenure you choose also have an impact on the interest rates you receive.
Apart from the interest rates, some lenders levy additional fees and charges on personal loans. The charges are added to your total cost of borrowing and hence are crucial to assess before applying.
Here’s a table with processing fees and other charges associated with a personal loan from Fullerton.
Processing Fee |
Between 0% - 6% of the loan amount |
Prepayment Charges |
0% to 7%* of the outstanding principal |
Delayed EMI Payment |
2% of the overdue EMI amount (calculated on a daily basis for salaried loans) |
*The charges are subject to policy changes in Fullerton India.
Here is a breakdown of Fullerton Personal Loan Foreclosure Charges:
Foreclosure Charges (Basis of fully paid total EMIs) |
Interest rate levied |
0 to 6 EMIs |
Foreclosure Not Allowed |
7 to 17 EMIs |
7.00% |
18 to 23 EMIs |
5.00% |
24 to 35 EMIs |
3.00% |
36 or more EMIs |
0.00% |
*The charges are subject to policy changes in Fullerton India.
To avail the Fullerton Personal Loan interest rates specially designed for employed applicants, you must be a salaried applicant who works in a private company or public sector enterprise.
Income |
Interest Rates |
Processing Fee |
<=18K |
30% - 33% |
2% of the loan amount |
18K-25K |
27%- 30% |
2% of the loan amount |
25K-30K |
25%-29% |
2% of the loan amount |
30K-35K |
23.50% - 28% |
2% of the loan amount |
35K-40K |
22.50% - 27% |
2% of the loan amount |
40K-50K |
21% - 25% |
2% of the loan amount |
50K-80K |
20% - 24% |
2% of the loan amount |
>80K |
19% - 20% |
2% of the loan amount |
Disclaimer: The charges are subject to policy changes in Fullerton India.
You must be between 21-60 years
You must be a salaried employee in a private limited company or public sector undertaking
Your monthly income should be at least ₹25,000 if you reside in Mumbai/Delhi and ₹20,000 if residing elsewhere in India.
You should have a minimum work experience of 1 year, and 6 months experience in the current company if salaried
A credit score/CIBIL score minimum of 750 is required
Duly filled and signed application form
Proof of identity - Aadhaar Card/ PAN Card/Voter ID
Proof of address - Passport/Driving License/Utility bills
Proof of age
Salary slips for the last three months
Bank statement for the last six months
Income tax returns or form 16
Once you are certain that you are eligible, ensure that you have all the Fullerton Personal Loan documents as per the requirements. This will help ensure that your application process goes seamlessly.
Ensuring that you are eligible is crucial in securing quick personal loans. One of the ways you can do that is by knowing the factors that affect your personal loan eligibility.
Here’s a look at a few of the major factors that affect personal loan eligibility:
Credit Score/CIBIL Score
Your credit score is one of the most important factors that affect your eligibility. This is because your credit score gives the lender an overview of your repayment ability. If you have a high score, you show good repayment ability and are thus eligible for affordable interest rates.
Your income is one of the direct indicators of whether you can manage the repayment of your personal loan. Generally, a high salary/ annual income indicates that you can manage your credit repayment, making the lender less hesitant in approving your application.
Employment Stability
Another indicator of whether you can pay on time is employment stability. When you showcase employment stability, you show that you have a stable source of income and, thus, the ability to pay on time. This is why some lenders even require you to have a certain period of experience at your current organisation.
Age
Your age gives the lender an idea about the period for which you will continue to earn and thus be able to pay the instalments on time. This is why lenders generally keep the minimum age criteria above 18 and the maximum at 65 years.
Estimating your EMI amount before you avail a Fullerton Personal Loan is essential in ensuring that the repayment stays within your budget. With the help of a personal loan EMI calculator, you can know that and optimise your loan accordingly.
You can calculate the Personal Loan EMI using Fullerton Personal Loan EMI Calculator. It is really simple to use the calculator and understand how much you need to pay every month.
Select your required loan amount. The maximum loan amount you can select is ₹25 Lakhs.
Then choose the repayment tenure anywhere between 12 to 60 months.
Choose the applicable Fullerton Personal Loan interest rate.
Once you submit these details, the calculator will display the estimated monthly repayment amount and total interest rate. This allows you to optimise your loan and compare offers to choose the best one.
You can even do manual calculations with the help of this formula:
Equated Monthly Instalment = [P x R x (1+R) ^N]/[(1+R)^N-1]
Here,
P refers to the principal amount
R refers to the interest rate
N refers to the number of monthly instalments payable
However, do note that manual calculations can be time-consuming and prone to errors. On the other hand, the online calculator gives accurate estimates in a matter of seconds.
Greater Loan amount: At Bajaj Markets, you can apply for a loan amount of up to ₹25 Lakhs. The loan amount eligibility depends on your age, net monthly income, credit score etc.
Flexible and Attractive Interest Rates: You get the best interest rates as per your requirements. The interest rates start at 12% p.a. and can go up to 36%. p.a.
Quick disbursal: As instant is the approval process, the swifter is the disbursal process. Post the approval of your application and verification of all the documents and details, you can get the money in your bank account in a matter of hours.
Additional benefits for customers: You can avail of additional benefits like personalised pre-approved offers, better interest rates, flexible repayment tenure, and much more.
The Fullerton India Personal Loan is an option that offers competitive interest rates.
However, it's crucial to compare Fullerton Personal Loan interest rates with other partner lenders to make an informed decision. By doing so, you can ensure that you get a deal that suits your financial needs.
Here’s an overview of some of the personal loan offers by various institutions, that have partnered with Bajaj Markets.
Our Partners |
Interest Rate Range |
10.49% Onwards |
|
13.5% Onwards |
|
30% Onwards |
|
14% Onwards |
|
12% Onwards |
|
16.50% Onwards |
|
21% Onwards |
|
15% Onwards |
|
24% Onwards |
|
14.50% Onwards |
|
14% Onwards |
|
10.99% Onwards |
Disclaimer: The above interest rate and loan amount are subject to change at the lender’s discretion.
Fullerton India personal loan offers a range of benefits that can help you easily meet your requirements. From greater loan amounts of up to ₹25 Lakhs, to attractive interest rates to flexible repayment tenures, Fullerton India strives to provide convenience to its customers.
Here are the ways in which you can use a Fullerton Personal Loan
Use the sanction you get to fund a vacation, family trip, or even a business trip, both domestically and internationally. You can use the holiday loan funds to book tickets and accommodation, and handle any other ancillary expenses related to travel.
Weddings are costly undertakings and there are a wide range of expenses to handle. With a Fullerton India Personal Loan, you can pay vendors, book a venue, purchase jewellery, and more without any hassles.
Medical emergencies, or any other kind, often require a large amount of funding quickly. You may not have enough savings, and in such circumstances, this loan can come in handy. You can get it online, and have the full sum disbursed to you without any delays
These examples highlight the freedom you enjoy with this loan, and the fact that there are no restrictions whatsoever.
Applying for a Fullerton India Personal Loan online on Bajaj Markets is very simple. Follow these steps and get your loan instantly!
Online Form Filling: Fill in your personal and employment details.
Select your Lending Partner: From the list of loan offers, select Fullerton Personal Loan to move ahead.
Specify Personal Loan Details: Select your preferred Fullerton India Personal Loan amount and repayment tenure.
Upload the Documents: Upload the scanned copies of all the required documents.
Approval & Disbursal: Submit your application and post the approval and verification check; you will get money in your account in 24 hours
Fullerton India ensures that it provides a best-in-class experience to you and so the customer support team is available 24x7. You can visit Fullerton India’s ‘Contact Us’ section and drop in your query along with your name, mobile number, nature of the query, etc. and submit it.
You can also give a call to the toll-free number 1800 103 6001 or drop an email to namaste@fullertonindia.com for any complaint, query or to raise a service request. The representatives will get in touch with you and help resolve your query as soon as possible.
To get a Fullerton Personal Loan, you can visit the Bajaj Markets website and fill out an application form. You will need to provide relevant documents and meet the eligibility criteria. Once your application is processed and approved, the loan amount will be disbursed to your account.
Following is the eligibility criteria for Fullerton Personal Loan:
The applicant’s age must be between 21-60 years
You must be a salaried employee in a private limited company or public sector undertaking, or a self-employed professional with minimum turnover as per policy
If salaried, the net monthly income must be 25,000 per month if residing in Mumbai/ Delhi, or 20,000 per month if residing elsewhere in India.
If self-employed, you must have earned yearly profit after tax determined based on profession/industry
Should have a minimum work experience of 1 year, and 6 months experience in the current company if salaried
CIBIL Score of minimum 750 is required
You can repay your Fullerton India personal loan through various modes, such as auto-debit, post-dated cheques, or online payments. You can set up the auto-debit facility from your bank account to ensure timely repayment. You can also pay using the Fullerton India website or mobile app.
To track your Fullerton Personal Loan status, you can visit their website and login to your account. Alternatively, you can call their customer service number and give your application details to get an update. You can also visit a Fullerton branch for assistance.
Yes, you can avail of a loan from Fullerton if you are self-employed.
The repayment tenure starts at 12 months and goes up to 60 months.
The time taken for Fullerton Personal Loan approval varies and can depend on several factors, such as the completeness of the application, documentation, and verification process. Typically, it can take anywhere from a few hours to a few days for loan approval and disbursal.
Yes, Fullerton checks CIBIL scores as a part of their loan approval process. The CIBIL score is an important factor that determines your creditworthiness and helps Fullerton assess the risk associated with lending.