Fullerton India Personal Loan in Chennai

Fullerton India offers personal loan to self-employed and salaried individuals. This is a non-banking financial institution offering financial supports to the neediest persons at competitive interest rate. The company was started in 2006 and it is now the popular financial institution offering wide range of loans including home loan, business loan, personal loan, education loans. The company has over 800 branches in India.

Features of Fullerton Personal Loan :

  • The loan process is simple to understand, easy to follow and the documents required are standard
  • Based on your emergency, the process is speed to average in turnaround time, however it would not go over 2 days of processing and approval
  • The interest rates offered is the lowest and competitive
  • Minimum loan amount offered is Rs. 40,000/- and up to Rs.5 lacs
  • Repayment tenure is from 12 months to 60 months
  • The maximum turnaround time taken is 4 days in exceptional cases, though completes in 2 days
  • Includes processing fee of up about 2.5% of the loan amount

Eligibility for Fullerton Personal loan

  • Applicant must be minimum 21 years and maximum 60 years of age
  • Must have employment status of at least 3 years
  • Should provide current employment details and current experience for 6 months minimum
  • The next monthly income must be minimum Rs.12,500/-
  • Up to 60% of salary per month is considered for EMI

Documents Required for Personal Loan from Fullerton India

  • Identity proof of any of the following: Passport, Voters ID, Driving license, banker's sign verification
  • Age proof of any of the following, PAN card, 12th certificate, birth certificate, school leaving certificate, driving license
  • Address proof of any of the following, rental agreement , electricity bill, recent telephone bill, credit card bill, bank statement, passport
  • Income proof to be shown such as salary slip, IT returns for self-employed
  • Job continuity proof of Form 16, appointment letter
  • 6 months bank statement for bank transaction proof in active

The approved loan amount would differ with applicants based on their monthly income, repayment ability, loan amount required and the purposes of loan. However, Fullerton Personal loan sanctioned loan that can be used for any purposes and there is no restriction in it.