Opting for a personal loan is ideal for overcoming financial limitations in desperate times while dealing with expected and unexpected expenses. Packed with a user-friendly interface, the Fullerton India website and InstaLoan app provide a host of benefits to the salaried applicants. To offer the loan best suited to their requirements. With a paperless and contactless process involving minimum paperwork, one can easily submit the loan application. Online through a few clicks and get the funds disbursed in their account without any hassle. Fullerton India instant personal loan is offered without any security. It’s a fast and convenient way to get financial support at attractive interest rates and affordable EMIs. Read on to know about the reasons to opt for an instant personal loan offered by Fullerton India.
Reasons why to Choose Fullerton India Instant Personal Loan:
No Collateral Required
An unsecured form of credit, a Fullerton India instant personal loan does not require. The borrower to pledge any valuable asset as collateral against the loan amount. Which paves the way for financial stability while leading a stress-free life. In addition, while one must repay the loan amount through monthly instalments, the borrower does not need to worry about liquidation or losing control of their asset if they fail to submit the EMIs on time.
Favourable Loan Parameters
One can obtain a Fullerton India personal loan up to Rs. 25 lakhs at an attractive rate of interest and flexible repayment tenure. With an excellent credit score, one can negotiate for a lower-interest rate than usual to reduce the overall loan amount. Additionally, even though the usual tenure to repay the loan amount is five years, one can easily close the loan before the final maturity date without paying any foreclosure charges.
Reasonable EMIs
A significant aspect of a personal loan is the EMI amount which the borrower must deposit without compromising their fixed monthly expenses. One can efficiently compute their EMI amount through the personal loan interest calculator by entering different loan parameters, i.e. loan tenure, rate of interest, and the loan amount.
Minimum Documentation
Obtaining a personal loan from Fullerton India is a paperless process that involves minimum documentation. One can easily fill and submit the loan application online along with the softcopy of supporting documents such as identity proof, address proof, and income proof. Upon successful submission, the borrower could sit back and relax. While the financial institution completes the verification formalities and disburses the funds.
Fully Contactless Process
Along with being heavily paperless, Fullerton India also provides an entirely contactless process. Which helps in battling the ongoing corona crisis. Furthermore, keeping in mind the precautionary measures such as maintaining social distance and avoiding stepping outside during the pandemic. The financial institution facilitates the online submission of the application. It provides online KYC verification to its customers. Also, one can check their loan request status online through the tracking ID generated by the system instantly upon form submission.
Quick Disbursement
Another key benefit of applying for a loan through Fullerton India is its fast processing feature, Which involves performing all the background checks at the earliest to ensure quick transfer of funds. Upon completing all the verification formalities by the concerned loan department, the sanctioned amount is credited to the borrower’s bank account within minutes of approval.
Ideal Eligibility Criteria
The loan amount and other parameters are decided on the borrower’s eligibility and requirements, and to acquire a personal loan from Fullerton India, one should fulfil the following conditions:
- The candidate’s age should be at least 21 years at the time of loan application submission. Additionally, the age should not be more than 65 years at the time of loan maturity.
- The candidate should be a salaried professional or a self-employed individual with a steady source of income.
- The candidate should have a good CIBIL score, preferably 750 or above, demonstrating a disciplined repayment history.
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