Fullerton India provides a comprehensive range of personal loan products tailored to meet the diverse financial needs of individuals. Here’s a detailed overview of their offerings:
Overview of Fullerton India Personal Loan
- Loan Amount: Up to ₹30 lakhs
- Loan Tenure: 12 to 60 months
- Interest Rate: 11.99% – 36% per annum
- Processing Fees: Up to 6% of the loan amount
- Minimum Income: ₹20,000 per month
- Age Limit: 21 to 65 years
Key Features and Benefits
- High Loan Amount: Borrow up to ₹30 lakhs for diverse needs.
- Flexible Interest Rates: Rates start at an attractive 11.99% per annum.
- Paperless Application: Entirely digital and hassle-free.
- Quick Disbursal: Funds disbursed within 72 hours of approval.
- No Collateral Needed: Completely unsecured loans.
- Additional Benefits for Existing Customers: Special offers for loyal clients.
Eligibility Criteria
- Occupation: Salaried (private/public company) or self-employed professionals.
- Minimum Income: ₹25,000 (Delhi/Mumbai residents); ₹20,000 (other cities).
- Credit Score: 750 or above.
- Age: 21 to 65 years.
- Work Experience: 1+ years (with 6 months in the current organization).
- Nationality: Indian resident.
Required Documents
- Basic Documents:
- PAN Card
- Proof of Identity (Aadhar, Passport, Voter ID, etc.)
- Proof of Address (Utility bill, Rent Agreement, etc.)
- Bank statements (last 6 months)
- Salaried Individuals:
- Last 3 months’ salary slips
- Form 16 or IT returns
- Self-Employed Professionals:
- Financial statements (last 2 years)
- Business proof (GST registration, license, etc.)
- IT returns (last 2 years)
Special Loan Categories
- Elite Applicants: Tailored for high-income individuals earning ₹75,000/month or more.
- Loans for Women: Empowering women with financial independence.
- Wedding Loans: Cover wedding expenses seamlessly.
- Holiday Loans: Financing travel and vacation needs.
- Medical Emergency Loans: Quick funds for urgent healthcare needs.
- Home Improvement Loans: For renovation and expansion projects.
Application Process
- Verify your phone number via OTP.
- Fill in personal, income, and PAN details.
- Select the desired loan amount and tenure.
- Upload the required documents.
- Receive approval and disbursal within 72 hours.
Interest Rates and Charges
- Interest Rate: 11.99% – 36% p.a.
- Processing Fee: Up to 6%.
- Prepayment Charges: Varies by the number of EMIs paid (0-7%).
- Delayed EMI Interest: 24% p.a. on the overdue balance.
- Loan Cancellation Fee: ₹1,000.
Fullerton India mConnect App
- Rating: 3.9/5 on Playstore.
- Downloads: 5+ lakhs.
- Key Features: Secure, user-friendly interface with all loan services in one place.
- Drawbacks: Technical glitches and slow customer service.
Customer Care
- Toll-Free Number: 1800 103 6001 (9 a.m. to 7 p.m., Mon-Sat).
- mConnect App: Instant support for queries.
Fullerton India’s personal loans provide a versatile solution for various financial needs, offering flexibility, competitive rates, and a customer-friendly approach.