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Personal Loan Balance transfer to Fullerton India

Refinance Fullerton India Personal Loan

Last Updated 26th Mar 2021

Interest Rate 11.99%
Processing Fee 2%
Lowest EMI per lakh ₹ 2,224
Loan Tenure 4 years
  • Fullerton India Personal loan balance transfer is the process of transferring the outstanding balance from an existing bank to Fullerton India.
  • Avail top up from Fullerton India at the time of loan balance transfer to fulfil additional fund requirements.
  • Now apply for Fullerton India personal loan balance transfer at 11.99%.
  • Fullerton India offers attractive interest rates, top up facility and many more benefits on balance transfer.
  • Compare Fullerton India Personal Loan Balance Transfer offers with different banks to choose the right option..
Calculate Savings, Check Best Offers Get upto ₹ 1,000* Cashback

Fullerton India Personal Loan Balance Transfer

Fullerton India Personal loan balance transfer is a situation where an individual transfers outstanding principal of personal loan from one account to Fullerton India to reap the benefits of better interest rates, extended loan tenure, augmented loan amount and various other features.

Balance transfer is also referred to as refinancing.The interest rates on Fullerton India balance transfer ranges from 11.99% to 18.99%, while the repayment tenure ranges between 12 Months to 48 Months.

Fullerton India Personal Loan Balance Transfer Calculator

The decision to transfer the personal loan to Fullerton India must be taken keeping in mind the interest rate of the current Bank and Fullerton India.Further, the balance transfer charges, EMI paid and the profit incurred due to the balance transfer must be considered. Individuals should proceed with the Fullerton India balance transfer only when the gains due to balance transfer are greater than the cost incurred due to the same.

Fullerton India Personal loan balance transfer calculator is the online calculator which helps borrowers to determine the savings on his or her EMI as well as interest payable. Borrowers are required to enter the information such as the entire loan amount, interest rate in current and potential bank, overall tenure of the loan and no. of EMIs already paid to the existing lender to calculate the savings on EMIs. You can also calculate balance transfer personal loan eligibility at MyLoanCare and identify offers with lower personal loan rates compared to your existing personal loan rates.

Benefits of transferring Personal Loan to Fullerton India

The benefits of transferring the Personal loan to Fullerton India are as follow:

  • Fullerton India offers a lower interest rate on personal loan balance transfer. Lower interest rates will help the borrower to reduce the interest burden.
  • Fullerton India Balance transfer provides the borrower the opportunity to negotiate the tenure of the loan according to their requirement. longer loan tenure will reduce the EMI burden whereas shorter long tenure will help to reduce the interest burden.
  • Balance transfers also provide the borrower the facility to avail the top up facility and fulfil their cash requirement.
  • There are chances that the borrower might not be satisfied by the services offered by their existing bank in that case they can transfer their personal loans to the Fullerton India and avail better facilities.
  • Fullerton India offers additional features like waiver of last EMI, zero processing fees, lower interest rates, etc depending on past repayment history and income dynamics.

Fullerton India Eligibility Criteria and Documents required

Eligibility criterion of the Fullerton India is mainly dependent upon the repayment history , CIBIL Score and income dynamics. Some basic Eligibility criterion of the Fullerton India Personal loan balance transfer are mentioned below:

  • Any salaried and self employed above the age of 21 years.
  • Maximum age of the borrower must not exceed 65 years.
  • Individuals should have a personal loan in another bank.
  • Individuals must have a work experience of at least 2 years.
  • CIBIL score must be at least greater than 700.

Documents required for Fullerton India Personal loan balance transfer are as follow:

Salaried Individuals
  • Identity proof : Aadhar, Driving license, Passport
  • Address proof : Electricity bill, Aadhar, Voter ID
  • PAN Card
  • Salary slips for past 6 months
Self Employed
  • Last 3 years balance sheet
  • P and L account statements
  • TAN Card
  • Last 6 months current account statements
  • Applicant’s savings account statements

Compare Fullerton India Personal Loan Balance Transfer with Other Banks

Comparison on the basis of interest charged on personal loan balance transfer of the different banks is given below:

Bank Name Minimum Rate Maximum Rate Processing Fees
ICICI Bank 10.75% Nil Upto 2.25% of Loan Amount
SBI 9.60% Nil 1.00%
Axis Bank 10.40% Nil Upto 1.75%,Min Rs.4,999
Kotak Bank 10.45% Nil Starting from Rs.999
Standard Chartered Bank 11.50% Nil 1.00%
Bajaj Finserv 12.99% Nil Starting from 1.50%, Up to 3%
Bank of Baroda 10.50% Nil 2%, Min Rs. 250
Yes Bank 10.70% Nil Upto 2.50%
IDFC First Bank 10.49% Nil Upto 2.00%

Compare Fullerton India Personal Loan with Other Banks

FAQs

How can I transfer my personal loan to Fullerton India?

Steps for the personal loan balance transfer to Fullerton India are mentioned below:

  • Apply for the foreclosure letter and No Objection Certificate (NOC) from the existing lender.
  • Start the Fullerton India personal loan balance transfer process and submit all the relevant documents and repayment history of the loan.
  • After getting the sanctioned letter from the Fullerton India start the loan agreement with the bank.
  • Take a disbursement of the outstanding loan amount from the Fullerton India in favour of the earlier lender.
  • Once the previous lender receives the outstanding loan amount, it will cancel all the cheques and close your personal loan account.

Which bank is best for personal loan balance transfer?

The decision to transfer the personal loan should be based on the current interest rate on your personal loan, the cost involved in the balance transfer, interest rate on the loan of the bank to be transfered the personal loan and saving due to balance transfer. Currently, Fullerton India charges lowest interest rate on personal loan balance transfer.

How do I check my Fullerton India personal loan balance?

You can check your personal loan balance of Fullerton India by below mentioned ways:

  • By visiting the Fullerton India branch.
  • By calling the customer care of the Fullerton India.
  • By logging on into the Fullerton India mobile application and checking the personal loan status.
  • Via internet banking.

How do I know my Fullerton India loan application?

You can get update about Fullerton India loan application via the ways mentioned below:

  • Net banking : You are required to login into Fullerton India net banking and visit the loan status segment. The loan status segment will update about the loan application.
  • Visiting the Fullerton India : You can also visit the Fullerton India branch to track your loan application process. The bank will ask for some basic documents before disclosing the loan application details.

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Fullerton 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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