Best Personal Loan For Good Credit Score Borrowers

Posted by Apoorv Chaudhary on February 11th, 2021

When you have a credit score of between 670 to 730 or better, you will not face any issue while choosing a lender to get a personal loan. However, the real question is, which lender you should choose. Well, there are many of them in the market offering different deals. 

Suppose you are looking for a reliable, fast lender offering a quick loan. In that case, there is nothing better than a Fullerton India personal loan.  Its entire product is designed around a borrower to provide the best services. However, before applying for a loan, you should know the details. 

Fullerton India personal loan

Fullerton India is one of India’s leading NBFC offering personal loans. It has a high loan amount, competitive interest rate without requiring collateral to provide the loan. The loan application process is easy, needing minimal documents.

  • Fullerton India offers a loan amount of up to Rs 25 lakhs.

  • Fullerton India's personal loan interest rate starts at 11.99% per annum. 

  • The loan tenure is up to 5 years. 

  • The processing fee is up to 6% of the loan amount. 

Fee & other charges

  • The cheque/ ECS/ NACH dishonoured charge is Rs 300. 

  • The swap charge is Rs 500. 

  • The loan cancellation charge is Rs 5,000. 

Types of Fullerton India personal loan

Fullerton India offers various types of instant loans. You can choose one of them as per your need. 

  • Personal loan for women

  • Fullerton India offers particular loans for women under Its Nari Shakti scheme. The loan amount is offered up to Rs 10 lakhs with a repayment tenure of up to 5 years. It does not require collateral, and disbursement happens within 72 hours. 

  • Personal loan for Elite

  • This loan is for those borrowers who fall under the Elite category as per Fullerton. There are special offers available too. The loan amount is offered up to Rs 25 lakh.  Fullerton India's personal loan interest rate starts at 11.99% per annum. 

  • Personal loan for Wedding

  • Whether you need the loan for a dream destination wedding or shopping, this loan is perfect. The loan amount is offered up to Rs 25 lakh with a 12.99% interest rate p.a. the approval and disbursement happen within 72 hours. And it does not need collateral. 

  • Personal loan For Doctors

  • If a doctor is looking for a loan to own a new clinic or buy new equipment, this loan is for you.  The loan amount is offered up to Rs 30 lakhs with a loan of up to 5 years. The rate of interest is 12.99% onwards. 

Apart from these, there are two other loans. 

  • Fullerton India personal loan for home improvement

  • Fullerton India personal loan for Emergency

  • Fullerton India personal loan for Wedding

Fullerton India personal loan eligibility criteria

  • The applicant should be from 21 years to 60 years. 

  • The applicant should be a salaried individual or self-employed professional.

  • The applicant should be working in a central, state, or PSU organization. 

  • The applicant's minimum salary should be at least Rs 15,000 per month.

  • The applicant should have a minimum of one year of work experience. 

  • The applicant should be working in the current organization for at least six months. 

Required documents for Fullerton India personal loan

  • For Salaried Individuals 

  • The application form

  • Identity proof – Aadhar card, PAN Card, Voter ID card

  • Residence proof – Rent agreement, Utility bill, ration card

  • Income proof – Bank statement and salary slips for the last six months, ITRs for the last two years, Passbook statement

  • Processing fee cheque

  • Post-dated cheque

  • For self-employed professionals

  • The application form

  • Passport size photographs

  • Identity proof – Passport, Aadhar card, Voter ID card, PAN card

  • Proof of residence – Lease agreement, telephone bill, utility bill

  • Proof of income – ITRs for the last two years, Audited balance sheet, and P&L Account statement for the last two years

  • Post-dated cheque/ Security cheque duly signed

  • Qualification proof 

Features of Fullerton India instant loan

  • Fullerton India offers a high quantum of loan, as we can see above. 

  • The Fullerton India personal loan interest rate is competitive and the best in class. 

  • It requires minimal documentation to apply. 

  • The loan is approved and disbursed within 72 hours. 

How to apply for Fullerton India personal loan via Afinoz? 

  • Start by downloading the Afinoz app from the Google play store. 

  • Sign up on the app.

  • Choose the loan amount and other things. 

  • Submit the loan application. 

  • A representative will get in touch with you. 

  • Post verification, the loan amount will get disbursed. 

How to track the loan application status? 

  • Open the app.

  • From the menu, click ‘Track application.’

  • Enter the application I.D., mobile number, and date of birth to see the status. 

Conclusion

Overall if you see, it is good to deal with a specific purpose requiring financial assistance. The loan amount is enough for any emergencies, and the applying process is easy as well. You just have to choose it to avail the benefits.

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Apoorv Chaudhary

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Apoorv Chaudhary
Joined: December 1st, 2020
Articles Posted: 12

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