Fullerton Personal Loan Eligibility

Fullerton Personal Loan Eligibility

Fullerton India Personal Loan is designed to help you meet your financial requirements. The eligibility criteria are simple and you can easily apply for the loans by fulfilling all the criteria. Your dreams need not wait anymore. Apply for a Fullerton Personal Loan on Bajaj Markets today!

Types of Fullerton Personal Loans

There are a variety of Personal Loans all curated to meet the requirements of particular applicant types and purposes. Here are the following:

• Personal Loan for Salaried

Salaried applicants can apply for Personal loan for Salaried and meet their personal and financial requirements like marriage, travel, education, debt-consolidation and much more.

• Personal Loan for Students

With Fullerton Personal Loan for Students, you can cover all the academic expenses of your children and give them the best education possible, without having to compromise on anything.

• Personal Loan for Pensioners

With Personal Loan for Pensioners, you can meet your financial requirements without having to wait for your pension.

• Personal Loan for Women

To help women become more financially independent, Fullerton Personal Loan comes with special offers and benefits for women, so that they can make most of the Personal loan.

Fullerton India Personal Loan Eligibility Criteria

At Bajaj Markets, you can avail a Fullerton Personal Loan of up to Rs. 25 Lakhs. You just need to fulfill some eligibility criteria and you are done. Following are the eligibility criteria that need to be met:

• You must be a salaried employee with a private company or public sector enterprise
• The applicant’s age must be between 21 to 60 years
• Should be a citizen of India
• The net monthly income must be Rs. 25,000 per month if residing in Mumbai or Delhi, and Rs. 20,000 per month in staying elsewhere in India
• He should have a minimum experience of 1 year with minimum experience of 6 months in the current organization
• Should have a credit score preferably above 750

Factors Affecting Fullerton India Personal Loan Eligibility

• Age

Age is one of the major factors that determine one’s eligibility when applying for a personal loan. Applicants who are in their mid-twenties and thirties have an upper hand, as they can choose a longer repayment tenure while middle-aged and old-age people stand a lesser chance and the rate of interest can be high.

• Income

Your income plays a vital role in the determination of interest rate on the Fullerton Personal Loan. A stable source of income indicates that you would repay the EMIs on time. As a result, you can get a loan at attractive interest rates

• Employment Status

Employees who work in private or public sector enterprises are eligible for Fullerton Personal Loan. Having a secure job in a reputed organization with a stable source of income gives the lender the assurance that you will default on EMI payments.

• Work Experience

Having suitable work experience also indicates a steady source of income, which enhances your chances of getting the loan.

• CIBIL Score

A Credit Score above 700 and preferably above 750 is recommended by Fullerton India to avail attractive Personal Loans. So, have a good repayment history, pay all your dues and credit card bills on time, and avoid any outstanding liabilities.

How to Improve Your Chances of Getting a Fullerton India Personal Loan

• Improve Your Credit Score

This is the most efficient way of getting a Personal Loan as it will help you in the future. CIBIL Score above 700 increases your chances of getting a Personal loan. Have a good repayment history, pay all your dues and credit card bills on time, and avoid any outstanding liabilities and your CIBIL score is surely going to enhance.

• Choose a Suitable Loan Amount

This is a prudent step before applying for a Personal Loan. Take into consideration your repayment capacity, how much EMI you can pay per month, and then decide a suitable loan amount. Never choose a loan amount that you cannot afford to pay back as it will only increase your troubles.

• Avoid Applying to Multiple Lenders Simultaneously

When you want to apply for a loan, it is obvious that you will approach multiple lenders together to check for the best personal loan. However, every lender can check your credit score and this hard inquiry can prove detrimental to approval chances of a personal loan application. So always compare loan amounts and interest rates across banks/NBFCs, choose your suitable lender, and then proceed to apply for the loan.

Fullerton India Personal Loan Details

Here are some general details on Fullerton Personal Loan:

* The charges are subject to policy changes of Fullerton India.