When you need money urgently, there might not be enough time to visit a lender and spend days waiting for the loan approval. Situations like medical emergencies, last-minute wedding expenses, sudden repairs, unplanned vacation, etc., do not leave you with a lot of time in hand for loan approvals. In such situations, you can opt for an instant personal loan without visiting the lender’s branch.
A personal loan is a security-free loan that does not require the borrower to put up security with the lender as collateral. Borrowers need not visit the lender’s branch to get a personal loan anymore. You can compare the best personal loan offers in India online and choose the most suitable option.
Personal loans from Fullerton India are one of the best personal loan options in the country. To further ease out the loan application process for the customers, Fullerton India has come out with the Fullerton India Instaloan app, which allows customers to apply for an instant personal loan with a few clicks. Here is everything you need to know about personal loans from Fullerton India and how you can get a loan from Fullerton India without visiting their branch.
Features of a Personal Loan on the Fullerton India Instaloan App
The Fullerton India Instaloan app has been designed to make loans easily accessible and hassle-free for borrowers. Fullerton brings you the best personal loan offers in India with just a few clicks from the comfort of your home. Here are some features of the personal loans offered by Fullerton India:
• You can get a loan of Rs. 50,000 to Rs. 25 lakhs* from the Fullerton India Instaloan app.
• The interest rates for the best loan offers at Fullerton India start at 11.99%* per annum
• The loan processing fee on a personal loan is 0% to 6% of the desired loan amount.
• You can take a loan for a duration of 12 months to 60 months.
• The loan applicant needs to submit the required documents to apply for a personal loan. such as KYC documents, employment proof, bank statements for the last six months, salary slips for the last three months, etc.
• The loan applicant must be an Indian Resident and should be between 21 years to 60 years.
• The loan applicant should have a work experience of at least one year and should have been employed in his current job for the last six months.
Few Documents for Loan Processing
You need to submit a few KYC and income proofs to apply for a Fullerton Personal Loan. Check out the list of documents below –
KYC proof
- Aadhaar Card
- PAN Card
- Government ID for government employees
Income Proof
- Form 16
- Salary Slips for the last three months
- Bank statement for the last six months
Make an informed decision with Fullerton India’s Personal Loan EMI Calculator
Applying for a Personal Loan from Fullerton India has another advantage: a free-to-use EMI calculator that will help you crack your Equated Monthly Instalments (EMIs) and assist you in planning your personal finances better. The calculator reviews your income and financial commitments and arrives at a loan amount that is suitable for you. You can use the calculator by inserting these three details –
- Principal Amount – This is the amount you are seeking to borrow
- Interest Rate – The rate of interest charged on your borrowed amount
- Loan Tenure – The period for which you wish to repay the borrowed amount
Once you insert these details inside the Fullerton India’s EMI calculator, you can know your estimated EMI. With the help of this calculator, you can opt for a suitable loan tenure for your Fullerton India Personal Loan. Calculate your EMIs to get your detailed EMI schedule.
The Final Word
In today’s busy life, no one wants to waste time running around to apply for a loan. The Fullerton India Instaloan App takes care of this and allows customers to apply for a personal loan from the comfort of their home. Once the documents of the loan applicant are verified and the loan is sanctioned, the applicant can get a personal loan amount directly in his bank account shortly after the loan is approved. Get your personal loan now!
