|Interest rate||11.99% p.a. onwards|
|Loan amount||Up to Rs. 25 Lakhs|
|Repayment tenure||1 to 5 years|
|Processing fee||Up to 6% of the loan amount|
|Prepayment charges||Up to 7% of the principal outstanding|
|Age required||21 to 60 years|
|Minimum Monthly income||Rs. 25,000 for Mumbai & Delhi and Rs. 20,000 for other cities|
|Credit score||750 or above|
|Lowest EMI per lakh||Rs. 2,224|
Additional Info: Avail Fullerton India Business Loan online with Mymoneymantra.
Also Check: Cibil score required for personal loan
Fullerton India provides you with a bouquet of different products to choose from when it comes to Personal Loans. It depends on the purpose of loan application largely, categorising the Personal Loans as follows:
Also Check: CIBIL Defaulters List
You can easily calculate your Fullerton Personal Loan EMI using the Personal Loan EMI Calculator available on our website or on the website of Fullerton. Just enter the three variables, i.e. the loan amount, tenure and interest rate to get instant EMI calcultion.
Below is the EMI calculation along with the amortization schedule for a personal loan of Rs. 10 Lakhs at an interest rate of 11.99% for tenure of 5 years using the MyMoneyMntra Fullerton India Personal Loan EMI Calculator.
|Year||Opening Balance||Interest Paid During the Year||Principal Paid During the Year||Amount Paid in a Year (EMI*12)||Closing Balance|
|1||Rs. 10,00,000||Rs. 53,201||Rs. 77,224||Rs. 1,30,425||Rs. 9,22,776|
|2||Rs. 9,22,776||Rs. 93,132||Rs. 1,67,717||Rs. 2,60,849||Rs. 7,55,059|
|3||Rs. 7,55,059||Rs. 73,742||Rs. 1,87,107||Rs. 2,60,849||Rs. 5,67,952|
|4||Rs. 5,67,952||Rs. 52,111||Rs. 2,08,738||Rs. 2,60,849||Rs. 3,59,214|
|5||Rs. 3,59,214||Rs. 27,979||Rs. 2,32,870||Rs. 2,60,849||Rs. 1,26,344|
|6||Rs. 1,26,344||Rs. 4,081||Rs. 1,26,344||Rs. 1,30,425||Rs. 0|
You will have to pay total interest of Rs. 3,04,246 on a loan amount of Rs. 10 Lakhs. The total loan amount to be paid by you to the lender will be Rs. 13,04,246. The EMI amount for each month will be Rs. 21,737.
|Name of Lender||Rate of Interest (per annum)||Processing Fee||Maximum Loan Limit|
|Fullerton||11.99% onwards||Up to 6%||Rs. 25 Lakhs|
|Bajaj Finserv||13% onwards||Up to 4.15% + taxes||Rs. 25 Lakhs|
|Axis Bank||12% - 21%||Up to 2% + GST||Rs. 15 Lakhs|
|Canara Bank||11.25% - 13.90%||0.50% + GST||Rs. 3 Lakhs|
|HDFC Bank||10.50% - 21% p.a||Up to 3.5%||Rs. 40 Lakhs|
In order to get a Personal Loan with Fullerton India, the following documents are necessary:
Additional Reading: How to improve cibil score immediately?
The detailed eligibility criteria for Fullerton Personal Loan are mentioned below:
|Types of Charges||Quantum|
|Rate of interest||11.99% to 36% p.a.|
|Processing fees||0% to 6% of the loan amount|
|Additional Interest for payment defaults||24% p.a. on outstanding overdue balance, calculated on day to day basis.|
|Post-dated cheques to ECS swap/ replacement of ECS to ECS charges||Rs. 500 per instance|
|ECS/ Cheque/ NACH dishonor charges||Rs. 300 per instance|
|Charges for loan cancellation||Rs. 5,000|
Follow the link for: Cibil Login Registration
There are a few simple steps that you need to follow in order to apply for a Fullerton India Personal Loan on MyMoneyMantra:
Once the personal interview is completed, you will get complete assistance from MyMoneyMantra for your loan approval. Following this, the loan is disbursed as per the sanction letter provided to you.
You can get in touch with Fullerton India for any grievances or complaints. You have various options including:
You can also raise requests and queries, by either logging in to their customer portal Service connect or using their mConnect mobile app.
Post: Fullerton India Credit Co Ltd.
PO Box No. 8108, Bandra East, Mumbai - 400051
Corporate Office: Fullerton India Credit Company
Supreme Business Park, Floors 5 and 6 B Wing, Powai,
Mumbai - 400076
Registered Office: Fullerton India Credit Company Ltd.
3rd Floor, No-165 Megh Towers, PH Road, Maduravoyal,
Chennai - 600095
Additional Reading: What is cibil score customer care number?
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There are several personal requirements that you can fulfill with the Fullerton India Personal Loan such as travel, weddings, debt repayment, higher education and medical emergencies.
The rate of interest for personal loan at Fullerton starts at 11.99% and fluctuates as per the net monthly income, customer tenure and the work experience of the applicant.
You can get up to Rs. 25 Lakhs as a personal loan with Fullerton India. Doctors can avail personal loans up to Rs. 30 Lakhs and self-employed applicants can get up to Rs. 10 Lakhs with Fullerton India.
Eligibility for Fullerton India Personal Loans depends upon the income and the working experience of the applicant. You can check your eligibility on the online Eligibility Calculator on the official website of Fullerton India.
The late payment fees depend upon the additional interest charge stated in the loan sanction letter for the period of delay, every month.
Yes. The foreclosure charges are follows:
Yes, you can foreclose your Fullerton Personal Loan after full payment of 6 EMIs.
The processing fee applicable on Fullerton India Personal Loan is up to 6% of the loan amount that you have applied for.
Individuals with a minimum salary of Rs. 75,000 per month qualify for Fullerton India Personal Loans. They can avail a minimum loan of Rs. 8 Lakhs and a maximum of Rs. 20 Lakhs (varies from person to person).
Yes. Customers of Fullerton India get added benefits in terms of the processing time and the interest rates of the personal loans. They are also pre-qualified for top-ups on the Principal Outstanding on loans.