Whether you want a personal loan for a luxurious vacation, a grand wedding, for further studies or any other personal expense, Fullerton personal loan is always available. Its processing is simple and fast, that acts as a great solution. Fullerton is one of the most popular and well-established personal lenders across the financial industry of India. Fullerton personal loans can be availed by both salaried and self-employed borrowers. financial It comes with the assured financial solutions and flexible repayment options for the borrower’s convenience.
Fullerton personal loan is among the few products for which a borrower does not require providing any collateral or security to the lender. It’s a handy financial product to the borrowers; those in need of financial support for meeting the expenses. Fullerton is one of the most trusted NBFCs serving personal loan in the financial world.
Features of Fullerton Personal Loan
Fullerton works intending to provide financial solutions with a strong presence in both the rural and urban areas of India. Their mission is to provide financial support with the high ethical standards to make the personal loan process simpler. There are many features of Fullerton personal loan that benefit the borrowers. Some of the key features of Fullerton personal loan are as follows:
- Fullerton has responsible financial service partners with a wide pan India
- It focuses on innovative financial solutions to provide personal loans for both salaried and self-employed borrowers.
- Customized solutions are provided to the borrowers which suit their requirements and repayment abilities.
- Fullerton serves with high ethical standards to all personal loan borrowers.
Benefits of Fullerton Personal Loan
Fullerton provides personal loan for a maximum amount of Rs. 20 lakhs to both salaried and self-employed borrowers based on eligibility. A borrower can avail Fullerton personal loan at a pocket-friendly rate of interest and negotiable processing fees. Fullerton provides easy loan options for any personal use of the borrower. This loan comes with several other important features, so let’s have a look at a few of them:
- The Fullerton personal loan amount can be used for any purpose like vehicle purchase, higher education, grand weddings, debt repayment or even luxurious vacation.
- A borrower can get the loan amount up to Rs. 20 lakhs (t&c apply).
- Simple and hassle-free documentation is done in Fullerton personal loan process.
- Flexible repayment tenure of 60 months is offered in Fullerton personal loan to the borrower.
- Fullerton allows the fast disbursement of the loan amount.
- A borrower can easily apply online for the Fullerton personal loan.
- Additional benefits can be enjoyed by the borrower if he/she is an existing customer of the Fullerton.
- A borrower can also easily check the Fullerton personal eligibility and monthly EMIs with the online available calculator.
Factors affecting the Fullerton Personal Loan Interest Rates
Fullerton personal loan interest rate depends on several factors such as a customer’s credit history, net monthly income and repayment capacity among others. Here are the various factors which affect interest rates offered on Fullerton personal loan to the borrowers:
Loan Repayment Term:-
The chosen loan repayment tenure plays an important role in the interest rate offered by Fullerton. If the borrower opts for short loan tenure, then generally the higher interest rate is charged in comparison to loans offered on longer tenures.
Repayment Capacity:-
A borrower repayment capacity is of seminal importance.
Working Tenure:-
The employment profile of a borrower is one of the factors which affect the offered interest rates. In most cases, salaried borrowers may be offered a low rate of interest as compared to the self-employed borrowers.
Credit Score:-
It is the most important factor that determines the rate of interest charged to the borrower. In general credit score over 750 is considered good and can attract low interest rates on personal loans . A credit score shows the creditworthiness of a borrower. Every lender performs a check on credit score before approving the personal loan application.
Relationship with Fullerton:-
If a borrower has an existing rapport with the lender, he/she could get some extra benefits on the personal loan. May be the reduced interest rates offered to an existing borrower.
Documents Required for Fullerton Personal Loan:-
The lists of required documents for the Fullerton Personal Loan may vary based on several factors. Following is the generic list of documents required for the Fullerton Personal loan:
- Duly filled loan application form
- Recent passport-sized photograph.
- Identity proof (any of the following)
- PAN Card
- Aadhaar Card
- Passport Copy
- Driving License
- Voter Card
- Address Proof (any of the following)
- Passport Copy
- Rental Agreement
- Driving License
- Bank Statement or Passbook
- Electricity Bill
- Ration Card
- Telephone Bill
- Age Proof (any of the following)
- Passport Copy
- PAN Card
- Any other certificate obtained from a statutory authority
- Last 3 Salary Slips or Last 6 months Bank Statements/ Passbook
- Form 16
- Last 3 years IT Returns
