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Fullerton Personal Loan

Online Fullerton India Personal Loans

Last Updated 26th Mar 2021

Fullerton India Personal Loan is the most popular personal loan in India given its low interest rates, quick approval, and online process. Key selling points of Fullerton Personal Loan are:

  • Fullerton India Personal Loan interest rate starts from 11.99%.
  • The processing fee charged on Fullerton personal loan is 2%.
  • Fullerton also offers pre-approved personal loans at low rates for customers with strong credit history and those with an existing account with the bank.
  • The bank has an online application process where the KYC and documents submission can be done digitally.
  • You can easily check the status of your Fullerton personal loan application status on a real time basis on the bank’s website or by visiting their customer care centre.
  • Fullerton has special schemes for different income and occupation groups.
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Fullerton Personal Loan Details

  • Interest Rate on Fullerton personal loan ranges from 11.99% to 18.99%.
  • Lowest EMI per lakh works out to be ₹ 2,633 , as calculated on the lowest rate and longest loan tenure.
  • Personal Loans by Fullerton are available for salaried working with government, private sector, MNCs and self-employed professionals such as doctors within the age group of 21 to 58 years.
  • Loan amount can range from ₹ 50,000 to ₹ 25 Lakh
  • Fullerton Personal Loan can be availed for a period of 12 months and can go up to 48 months.
  • Processing Fees charged by Fullerton on personal loan is 2%%
  • Fullerton India allows personal loan foreclosure and part prepayment after 6 months with charges of 1 -17 months: 7%, 18 - 23 months: 5%, 24 - 35 months: 3%, After 36 months: Nil.

How to Get the Best Offer on Fullerton Personal Loan?

There are various factors that impact your chances to get the best offers on Fullerton Personal Loan, as listed follows:

  • Loan Amount - Fullerton India offers loans between ₹ 50,000 and ₹ 25 Lakh and charges lower rates on higher loan amount and vice-versa, so apply accordingly.
  • Salary - Fullerton India offers personal loan to all customers with a net take home monthly salary of more than ₹ 17,000. The rate of interest is higher if you fall in the low salary bucket and lower if you fall in higher income bucket.
  • Employer Category - Fullerton India has clubbed the companies in a high to low category based on internal assessment of company’s size, reputation, profitability etc. When you apply for Fullerton personal loan, the bank will decide on your interest rate based on the company category you fall in. MyLoanCare can also help you check which category of company you qualify in to help you get the best offer.
  • Relationship with the Bank - Fullerton India offers special rates to the existing customer of the bank, who have a high likelihood of getting loans at lowest interest rate starting at 11.99%
  • Credit Score - Fullerton India checks the CIBIL score of personal loan customers which has to be minimum of 650. Higher the CIBIL Score, higher is your chance of securing best offer.

Fullerton Personal Loan Documents

You require the following documents to avail personal loan from Fullerton

  • Filled up loan application form or an online form, if you are applying online
  • 2 Passport Size Photo
  • Identity Proof – One of the following: Driving License, PAN, Passport, Voter ID, Aadhaar Card
  • Residential Address Proof – One of the following: Registered Rent Agreement, Passport, Leave and License, Utility Bill of last three months
  • Income Documents – Copy of Form 16 of last 2 years, 3 month pay slip, 3 months bank statement showing salary credit and any EMI debit

Types of Fullerton Personal Loan Schemes

Fullerton India offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

How to Apply for Fullerton Personal Loan?

The step-by-step procedure to get a personal loan online from Fullerton India is mentioned below:

  • Visit the official website of Fullerton Or contact your nearest Fullerton India branch.
  • Now, fill personal, professional and financial details as required by the lender and submit the form.
  • Once you have submitted the application form, Fullerton India will check your eligibility and provide you with information about the eligible amount you can avail.
  • If you agree to process the application, then you would be required to submit the essential documents which can also be uploaded online.
  • Finally, your documents will be processed by Fullerton India, and on successful approval of the loan, the funds will be disbursed to your Fullerton India account immediately.

You can also apply for Fullerton India personal loans by visiting their branch or by calling their customer care centre.Offline mode are mentioned below:

  • Visit the nearest Fullerton India branch and fill in the application form with the loan amount required, your personal details, occupation information and your contact number.
  • The Fullerton India representative will explain about the eligibility of the loan as well as the loan rates, terms as well as processing fees, prepayment and foreclosure clauses.
  • After submitting the application form and required documents, you will be provided with an application reference number. You can use the same number to track the status of your Fullerton India Personal Loan application.
  • On successful verification, the loan can get disbursed immediately after loan sanction and signing of the agreement.
Illustration on Personal Loan Fullerton
Maximum Annual Percentage Rate (APR) 12.49% to 19.49%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 12 Months to 48 Months
  • Fullerton India Personal Loan Interest Rate: 11.99% to 18.99%
  • Processing Fee payable to: Upto ₹ 2,000
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 2,633 for 48 Months ₹ 1,00,000 loan at 11.99% (lowest rate, longest time period) to ₹ 9,215 for 12 Months ₹ 1,00,000 loan at 18.99% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 12.49% to 19.49%
  • Total cost payable over loan tenure: ₹ 1,08,613 for 12 Months loan to ₹ 1,28,379 for 48 Months loan

Personal Loan from Other Banks in India

FAQs

How much time will the Fullerton India take to take a decision on my personal loan?

Banks generally convey their decision on a loan within 15 days of submitting a loan application. However, some banks also offer instant loan offers, which can be approved within a few hours to 2-3 days.

Why should I take a personal loan from Fullerton India ?

Below-mentioned is the reason why you must avail a personal loan from Fullerton India.

  • Online approval & disbursal during Covid
  • Special MLC Offer - 1% lower processing fee
  • Proprietors, partnerships firm employees are eligible
  • Credit card balance transfer facility

How much interest is charged by Fullerton India on personal loan?

Personal loan interest rates in Fullerton India are 11.99% to 18.99%. Fullerton India personal loan interest rate for salary account holders are comparatively lower than that for other customers.

What is the lowest EMI per lakh on personal loan from Fullerton India ?

If you apply for loan from Fullerton India, your lowest Personal Loan EMI per lakh will be ₹ 2,633 which corresponds to lowest interest rate of 11.99% and longest tenure of 48 years.

What is the minimum and maximum tenure of personal loan in Fullerton India?

Fullerton India personal loan has a minimum tenure of12 months to maximum 48 months.

How much personal loan amount I can borrow from Fullerton India?

Fullerton India offers you loan if you need a minimum amount of ₹ 50,000 to a maximum amount of ₹ 25 Lakh

Can I add my spouse's income while applying for personal loan from Fullerton India?

Yes, you can add the income of your spouse to increase your Personal Loan Eligibility andto get a higher loan amount from Fullerton . In this case, the bank will check the CIBIL score of your spouse and ask for all income and bank statements of your spouse for the purpose of processing your application

How can I get Fullerton India personal loan?

You can get a personal loan from Fullerton Indiaby directly visiting the nearest branch or can apply online at their website. While these two are the traditional methods of applying, you can easily apply for the loan at MyLoanCare website where you can do a thorough comparison of all loan details, rates and charges before deciding to proceed with Fullerton’s application process.

How can I check my Fullerton India personal loan status?

You can check the status of your loan online and offline. Once you have applied for a personal loan from Fullerton India, you will be given an application number. You can use that application number and registered mobile number to check the status of your loan online at Fullerton India's website. In case you are unable to track your application online, you can get Fullerton India loan assistance at Fullerton India loan customer care centre and ask them to help you out with the status. If you have applied for the loan through MyLoanCare, you can check the status of your application by logging into MyLoanCare account.

What is the importance of credit score if I wish to avail a Fullerton India personal loan ?

It is important to have a good credit score if you wish to apply for a personal loan from Fullerton India. A credit score above 750 is considered good for a personal loan. A low credit score increases the chances of rejection of your application.

Is there security or collateral needed to get a personal loan from Fullerton India?

No, Fullerton India does not require any collateral or security to lend you the personal loan as it is an unsecured loan.

Can I close my Fullerton India personal loan after 1 year?

You can close your personal loan from Fullerton India after 6 months by paying charges: 1 -17 months: 7%, 18 - 23 months: 5%, 24 - 35 months: 3%, After 36 months: Nil

Can I negotiate with Fullerton India on the personal loan interest rate?

Yes, as a customer, you should negotiate for a rate discount when you apply. You may end up getting a better rate from the bank if you have applied for a high loan amount and are in a high income range working with a reputed company.

How to pay your Fullerton India personal loan EMI?

You can pay your Fullerton India personal loan EMI by using ECS facility or through Standing Instruction.Fullerton India also provides you the facility to pay your Personal Loan EMI online using net banking and mobile banking.


Fullerton India Personal Loan Reviews 4.1/5  by 10 customers
MyLoanCare Service
4.2/5.0
Banks Service
3.9/5.0
Niranjana Dm, Bangalore
Reviewed on 18th Mar 2020
4 / 5 stars
Fullerton India Personal Loan Availed in Mar 2020

Everything is Good. The Loan process was excellent and thanks to all the support and for helping me.Read more...

Vikas Ashok Kshirsag, Hyderabad
Reviewed on 13th Feb 2020
4 / 5 stars
Fullerton India Personal Loan Availed in Feb 2020

I am happy with the rate of interest and loan amount.Read more...

Mohammed Riyazuddin, Hyderabad
Reviewed on 17th Jan 2020
5 / 5 stars
Fullerton India Personal Loan Availed in Jan 2020

Nice. Good Investment.Read more...

Logeswaran T, Kanchipuram
Reviewed on 30th Dec 2019
5 / 5 stars
Fullerton India Personal Loan Availed in Dec 2019

They are very good in handling loan processing.Read more...

Saurabh Gajjar, Ahmedabad
Reviewed on 12th Nov 2019
5 / 5 stars
Fullerton India Personal Loan Availed in Nov 2019

It is a nice service and in 3 days, the amount got disbursed in my accountRead more...

Raj Kumar, Solan
Reviewed on 19th Aug 2019
5 / 5 stars
Fullerton India Personal Loan Availed in Aug 2019

Good service and fast processing. Nice dealing with customers.Read more...

PRABHAT GAWAI, Amravati
Reviewed on 03rd Nov 2016
1 / 5 stars
Fullerton India Personal Loan Availed in Sep-17

Dont take loan from Fullerton Bank specially from Amravati. They take highest interest rate also seRead more...

Rajiv Sharma, Gurgaon
Reviewed on 29th May 2015
4.5 / 5 stars
Fullerton India Personal Loan Availed in Apr-17

My personal loan application was rejected by 1-2 banks as I ran a business and did not not complete Read more...

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Fullerton India Personal Loan News - Jun 2021
  • 2021-03-03 : Fullerton India made personal loan disbursal quicker
    Fullerton India now offers instant personal loans within just a few clicks.The digital application and paperless process allow customers to avail a personal loan from Fullerton India anywhere, anytime.Fullerton offers personal loans of up to Rs 25 lakhs starting at an attractive interest rate of 11.99%
  • 2019-06-14 : Fullerton India Home Finance Company opens a new branch in Vijayawada
    NBFC Fullerton India Home Finance Company Limited which operates under the brand Grihashakti has launched its new branch in Vijayawada at Bhaskar Plaza, 4th Floor, Gopala Reddy Road, Governorpeta. With the opening of this new branch, the total number of bank branches has reached 82 in Andhra Pradesh. The bank branch will offer facilities like savings account deposits, loans, including personal loans, and business loans.
  • 2019-04-25 : StashFin joins hand with NBFC Fullerton India for onward lending of $15 million
    The digital lending platform, StashFin has joined hands with one of the leading personal loans provider, Fullerton India. The partnership between them will benefit both the entities for onward lending of $15 million and enable them to expand their reach pan India. They are focusing to aim at meeting the growing personal loans needs of the customer without having to worry about any documentation or paperwork.
  • 2018-12-21 : ETMONEY partners with Fullerton India to offer personal loans up to Rs. 20 lakh
    ETMONEY has announced its partnership with Fullerton India Credit, a Non-Banking Financial Company(NBFC) with to offer personal loans up to Rs. 20 lakh in a hassle-free manner with minimal documentation. ETMONEY partnership with Fullerton India will allow ETMONEY to strengthen its presence across the country to offer unsecured loans for various credit needs arising from marriage, medical emergencies, travel, home improvements, and more.
  • 2018-12-12 : Qbera partners with Fullerton India for personal loans
    Digital lending platform, Qbera has announced its association with NBFC, Fullerton India to extend personal loans to underserved segments. Through this partnership, Qbera will assess risk and creditworthiness of the borrowers and will offer personal loans through Fullerton.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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