You have a pre approved offer
Currently, we do not have a personalized offer for you but don’t be disheartened. Check out our oven fresh deals of the day here!
Be it buying a new car, furnishing home, overseas vacation, or simply to better manage your finances by settling old debts, people opt for Personal Loans due to multiple reasons. Depending on your credit score and profile, Personal Loans offer a lot of options like competitive interest rates and flexible repayment options.
Personal Loans can be a lot better deal than credit cards or other loans because of the pre-closure option: you can repay the lump sum anytime before the designated time period. This means that you end up saving a substantial amount of money. For instance, if you borrow a large sum, you can pay the entire amount at one go before the loan tenure ends. This way you will save a lot on the interest rate as compared to EMI deduction via credit card. Fullerton Personal Loan provides the dual-benefit of flexible repayment and pre-closure.
While applying for a loan, it's essential to fill the loan application correctly and enclose all necessary documents. The application may get turned down if some important details are missing. There are the points that you should remember for a successful loan application:
Credit score is a very important criteria that decides the fate of your loan application. While those with high credit scores are promptly granted loans by most of the banks and finance corporations, there's no need to get dejected even if you have a low credit score. Those with low CIBIL scores can get a Personal Loan but they will have to pay a higher interest rate. In case you need a loan for settling an existing debt, then it comes handy.
Lenders usually have a certain eligibility criteria which the applicant must fulfil in order to avail the loan. Check out the eligibility conditions of all banks thoroughly and only apply to the one whose conditions, you think you can meet. The eligibility is mostly in terms of minimum income, age limit and occupation type.
There's no scope for any errors in the loan application document, so fill in all personal information correctly and double-check it before submitting the form.
Make a list of all the documents that are needed for loan application. In case documents are missing, the loan application can get rejected. Documents are essential for the purpose of verification by the lender. It’s crucial to submit all documents when applying for a Fullerton Personal Loan.
Before you opt for the loan, chalk out a rough estimate of how you will repay it. It goes without saying that seek a loan only when you are sure about timely repayment. You can repay via monthly installments or the entire amount at one go. Lenders like Fullerton India provide very attractive pre-closure options that can help you save on the interest rates. Fullerton pre-closure interest rates are highly competitive and allow you to save big.
Fullerton India provides a variety of Personal Loan options on the basis of your credit score and profile. Fullerton Personal Loan interest rate is highly competitive and one of the striking features is Fullerton Personal Loan pre-closure option. While the normal loan tenure is up to 5 years, you can pre-pay it anytime and save on the interest rate. Once the lock-in period of 6-12 months gets over, the customer can repay the entire loan anytime and save a substantial amount of money.
If you wish to get your Fullerton Personal Loan approved at one go, these are the documents that will be needed:
Valid ID and address proof
Cheque or Demand Draft in lieu of the pending loan amount.
Fullerton Personal Loan pre-closure is a quite simple process if the following steps are followed: -
Go to the Fullerton India branch office in your area.
Seek a Personal Loan pre-closure form.
Submit the completed form along with all crucial documents.
Pay the pending amount along with the applicable fee.
Once the pre-closure is complete, a NOC (No Objection Certificate) will be provided by Fullerton India, which will serve as the proof that you have repaid the loan and don't have any pending dues.
While numerous loan options are available, it’s important to select the one that provides flexible repayment options at affordable interest rates. Loan pre-closure helps save a lot of money in interest rates. Fullerton Personal Loan pre-closure is allowed after completion of lock-in period of 6-12 months. If you are looking for a Personal Loan, and are sure that you will be able to repay it within a year or two, then the pre-closure option is best for you. By early repayment you won’t need to unnecessarily pay interest for the whole duration. If you are looking for such a loan then apply for Fullerton Personal Loan at Finserv MARKETS and avail attractive offers.