Fullerton India’s personal loan serves multiple purposes and is available for both salaried and self-employed individuals. Life can throw up a surprise anytime in the form of opportunities or challenges. Thus, from financing a wedding, travel, child’s education, vacation, medical emergency, any big-ticket purchase, home repair or even debt consolidation - we are here for you.
From Fullerton India, you can borrow up to Rs. 25 lakhs, with flexible repayment tenures up to 60 months, at affordable interest rates starting from 11.99%. Our online process for instant personal loan application ensures that you can get the financial support you need within minutes from the comfort and safety of your home.
Eligibility Criteria for Personal Loan
The eligibility criteria for personal loans at Sai Home Solution include:
- The applicant must be a resident citizen of India.
- Should either be an employee of a private limited company or public sector undertaking, or be gainfully self-employed.
- Must be between 21 and 60 years of age Further, the minimum income of the applicant should be:
- For Salaried Professionals:
- `25,000/Month: if residing in Mumbai or Delhi
- `20,000/Month: if residing in the rest of India
- For Self Employed: The minimum yearly profit after tax set based on profession/industry
To calculate your eligibility, you can use our personal loan eligibility calculator.
Fullerton India personal loan interest rates start at 11.99% for salaried and self-employed applicants for a maximum of 60 months, which means you can get EMI as low as ₹ 2,224* per month. The interest rates and processing fee (Between 0% - 6% of the loan amount) make up for the total cost of the loan. Please do note that the exact interest rate applicable to you would also depend on the loan tenure you select (between 12 - 60 months) and the loan amount requested. Depending on our policy at the time of loan application, your requirement and profile, we decide the best personal loan rates applicable. You can then draw your monthly budget accordingly so that it is possible to pay the EMIs with ease.
At Fullerton India, we value your ambitions and expectations. We will quote a suitable rate of interest that you can afford. We provide instant decisions in personal loan eligibility after online application, and communicate the fees and charges upfront and maintain transparent procedures. When you choose Fullerton India as your financial partner, you do not have to worry about hidden charges or fees.
Please see below, a complete list of personal loan charges and rates.
| FULLERTON INDIA PERSONAL LOAN INTEREST RATES - DEC 2020 | |
|---|---|
| Personal Loan Interest Rate | 11.99% to 36% |
| Processing Fee | Between 0% - 6% of the loan amount |
| Loan Tenure | Up to 60 months |
| Lowest EMI Per Lakh | `2,275 for 60 months |
| Prepayment Charges | 0% to 7%* |
We, at Fullerton India, are committed to making your borrowing journey as smooth as possible. Our personal loan requirements are minimal and concise. To apply for a personal loan, all you need are a few documents. There’s no heavy paperwork involved. Please note that the personal loan documents for salaried and self-employed individuals differ from each other. We will take you through both these requirements. Basically, the documents required for personal loan include KYC proof, income proof, business details, and a few more. We request you to submit accurate details and papers so that we can process your loan application in the shortest possible time.
Documents to Apply for a Personal Loan
When applying for a personal loan, you will need to submit the following documents:
- KYC documents such as driving license, Aadhaar card, and voter ID card
- Last 3 months’ salary slips (for salaried) or income proof (for self-employed)
- Last 6 months’ bank account statements of your salary account (for salaried) or current account (for self-employed)
Please note that depending on your individual profile and Fullerton India’s policy at the time of loan application, additional documents may be requested.
At Fullerton India, we partner with you to fulfill your dreams and aspirations with customized personal loan schemes. Our personal loan eligibility criteria are easy to comply with. To apply for a personal loan from Sai Home Solution, you must be a resident citizen of India between the age of 21 years and 60 years. Further, your monthly income should be at least `20,000. This is increased to `25,000 if you live either in Mumbai or Delhi. Your repayment ability is determined by your credit score and existing loans, and is also taken into account.
Fullerton India Personal Loan Eligibility
| Profession | Salaried employee of a private limited company or public sector undertaking, or self-employed with a minimum turnover as per the current policy |
| Eligible Age | 21 years to 60 years |
| Minimum Income for Loan Eligibility | For salaried: `25,000 per month in Mumbai/ Delhi, `20,000 per month in rest of India
For self-employed: a minimum yearly profit after tax determined based on profession/industry |
| Work Experience Required | 1 year |
| Experience in Current Company | 6 months |
| Minimum CIBIL Score | 750* |
| Maximum EMI as percent of Income | 65.00%* |