Fullerton Bank covers around 650+ branches all over India providing the best services to their customers. It is running all the financing services helping the normal public.
In this post, I’ll cover how to take a personal loan from Fullerton Bank along with its details, procedure, eligibility, etc.
Table of Contents
Loan Details
| SL. No. | Category | Data |
|---|---|---|
| 1 | Interest rates | 11.9% |
| 2 | Loan amount | Up to Rs 25 Lakhs |
| 3 | Tenure | Up to 5 years |
| 4 | Age | Between 21 to 60 |
| 5 | Monthly income | Rs 20,000 or above |
| 6 | Processing charge | Up to 6% + GST |
| 7 | Lowest EMI | Rs 2,244 per Lakhs |
Steps to apply at Fullerton Bank for Personal Loan
Step-1: Visit the official website and then fill up the loan application form by providing personal details.
Step-2: Once personal details are entered, OTP will be sent on your device. Thus, complete the whole registration.
Step-3: Agency officers will then ask you for providing the documents and then verifying them.
Step-4: Personal interview will then be conducted and based on that, a Personal loan will be given to the applicant.
Features
- Repayment tenure period is flexible
- Affordable loan alternatives
- Lower processing charges
- Higher amount of loan with lesser paperwork
Types of Fullerton Personal Loan
There exist various types of personal loans at Fullerton and they are mentioned as:
- For women
- For salaried individuals
- For Elite
- For Weddings
- For Holidays
- For Doctors
- For Medical Urgencies
- For Home Re-decoration
Eligibility Criteria
Eligibility criteria depend on two types of people who are applying to ask for a personal loan at Fullerton Bank. These criteria are as follows:
Fullerton For Salaried applicants
- Currently employed in private/public firm
- Monthly income: Rs 25,000 (if resides in Mumbai) else Rs 20,000
- Minimum age: 21 or above
- Work experience: 1 year minimum
- PR of India
For Self-Employed applicants
- Currently self-employed professional
- Minimum age: 21 or above
- Work experience (self-employment): 1 year minimum
- PR of India
Required Documentation
The documents that are required for availing a personal loan at Fullerton are common for both salaried and Self-employed and are described as:
- Identity proof (Adhar card/PAN card/Driving license/Passport)
- Address proof (Ration card/Passport/Bills)
- Age proof (Passport/PAN card)
- Income slips
- Bank statement
- ITRs of previous 16 months
Comparison of Fullerton Personal loan with other banks
| Sl. No. | Bank Name | Loan amount | Processing charge | Interest rates |
| 1 | HDFC | Up to 40 Lakhs | 3.5% | 10.5-21% |
| 2 | Axis | Up to 15 Lakhs | 2% | 12-21% |
| 3 | Bajaj | Up to 25 Lakhs | 4.1% | 13% |
| 4 | Canara | Up to 3 Lakhs | 0.5% | 11.2-13.9% |
Contact Details
Toll-free number: 18001036001
Mail-id: namaste@fullertonindia.com
Check Status
You can easily track your application for a personal loan at Fullerton by clicking on this button
FAQs
1]. Who is eligible to apply for a personal loan at Fullerton?
Salaried, as well as self-employed people, are eligible to ask for a personal loan after meeting the criteria.
2]. Is it possible to foreclose the personal loan?
Yes, you can foreclose the Fullerton personal loan.
3]. What are the minimum and maximum tenure of the personal loans?
The minimum tenure is 12 months, whereas the maximum tenure is up to 60 months.
4]. Does Fullerton levies late payment penalties?
Yes, they do charge penalty fees depending upon the criteria and situation, and the type of loan availed.
5]. How can I use Fullerton personal loans?
You can use them for fulfilling minor needs like car purchases, marriage, etc.
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