Eligibility Criteria are one of the Crucial Aspects of Fullerton Personal LoanPosted by shruti keshre on February 13th, 2020 A personal loan from Fullerton India is a collateral-free loan, which means that you are not required to put anything as a security against the loan. Hence, this puts the lender in a delicate position. Fullerton India assesses your profile based on many factors such as the net monthly income, credit score, etc for evaluation. Though, before applying for a personal loan it is very important to be sure about the Fullerton India personal loan eligibility criteria. Eligibility for Fullerton Personal LoanFullerton India’s loan eligibility criteria are flexible based on many factors. Following are the common eligibility requirements that a borrower must fulfill to make sure that the application is successful:
As mentioned above eligibility criteria is one among the important aspects of a personal loan so checking the eligibility is also before applying for it. The eligibility criteria of the personal loan depend on the various parameters in which a borrower has to fits into avail of the personal loan. These factors vary based on the loan amount; the type of loan for the borrower is applying for. Now day checking the personal loan eligibility has become much easier than ever with the online availability of personal loan eligibility calculators. An applicant can find the eligibility on the Fullerton’s website. This online calculator is user-friendly hence an applicant can simply enter the asked details and can check the eligibility with a matter of a few minutes. Here a few ways that will help you to boost your loan eligibility. 1. Pay Off all Existing Loans When you apply for a personal loan, make sure you do not have any other loan payments in line. If there are other loans to pay for, then your loan repayment capacity becomes a risk for the lender as you already have to pay other EMIs at the end of each month. 2. Choose Longer Repayment Term In general, if you go for a longer repayment tenure, your personal loan eligibility increases to a greater extent. As the longer tenure displays your ability of loan repayment for a certain time in the future. You can always use the online personal loan EMI calculators to plan your EMIs and make an informed decision. 3. Maintain a good Credit Score If you have a good credit score for a long constant period, then the lenders consider you as a credible applicant instead of a risk. 4. Duly payments of Credit Card Bills on Time Timely payment of credit card bills displays your profile as a disciplined borrower in the eyes of the lender when it comes to making payments. This can have a positive impact and also boost your eligibility. 5. Residential or Commercial Rental Income An extra source of income in the form of rents is a good add-on to the existing financial condition when you apply for the loan.
How Fullerton India Personal Loan is different from others?
Documents required for Fullerton Personal Loan
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