People face various financial problems and Personal Loan is the smartest way to deal with it. It is the loan that can be availed to accomplish any personal requirement. It is a collateral free loan with minimal documentation. A personal loan is a financial product that allows us to borrow money from banks to meet various requirements. The money that is borrowed from any financial institution for personal use is known as a personal loan.

Why should one apply for the Fullerton India Personal Loan Trichy?

  1. The applicant doesn’t have to keep any collateral with the banks as it is an unsecured loan.
  2. The loan only relies on the credit history and credit score of the applicant.
  3. The loan amount can be used for multiple purposes.
  4. The loan process is instant and available quickly.
  5. The documentation process is easy and simple.

Fullerton India Personal Loan Trichy Eligibility

Not every person can apply for a personal loan. There are some eligibility criteria on the basis of which the bank provides a personal loan to the applicant. There are two categories of applicants:

  1. Salaried
  2. Self-employed

There are different eligibility criteria for both applicants.

Salaried Applicant

  1. Firstly the age of applicant should be minimum 21 years and maximum up to 60 years.
  2. Secondly, if the applicant is residing in a metropolitan city then they should have a minimum income of Rs 18,000. And if the applicant is from the non-metropolitan city then they should have the minimum income of Rs 12,000.
  3. The borrower should have the work experience of the last three years and the salary should come in their account only.
  4. If a person is applying for the personal loan then he must have a good credit history.
  5. The documentation process is easy they just have to submit their bank statement of the last three months and the salary slip of the last six months.

Self-employed Applicant

  1. If a applicant is self-employed than the age of the applicant should be minimum 25 years and maximum up to 65 years.
  2. The applicant should file ITR for the last three years.
  3. The credit score of the applicant should be good and no debt should be left due and credit score shouls be more than 650.
  4. The ITR which the applicant files should be of Rs 2.5 lakhs per annum at least.
  5. And the applicant is having a business than his business should be running from the last three years.

Salaried People

Parameters

Metro

Tier-2

Tier-3

Tier-4

CitizenShip

Indian

Same as Metro

Same as Metro

Same as Metro

Minimum Age

21 Yrs

Same as Metro

Same as Metro

Same as Metro

Maximum Age

58 / 60 Years at loan Maturity

Same as Metro

Same as Metro

Same as Metro

Salary

18,000

12,000

10,000

10,000

Experience

Overall 3 years

Same as Metro

Same as Metro

Same as Metro

Telephone / Mobile

Mandatory

Mandatory

Mandatory

Mandatory

Current Experience

One year

One Year

One Year

One Year

Salary in Cash

Not Applicable

Same as Metro

Same as Metro

Same as Metro

 

 

Self Employed People

Parameters

Metro

Tier-2

Tier-3

Tier-4

Citizenship

Indian

Same as Metro

Same as metro

Same as Metro

Minimum Age

25 /28 Yrs

Same as Metro

Same as metro

Same as Metro

Maximum Age

65 Year at the loan Maturity

Same as Metro

Same as metro

Same as Metro

ITR required

2.5 lakhs - 3.0 Lakh

Same as Metro

Same as metro

Same as Metro

Residence

Office or Home should be owned

Same as Metro

Same as metro

Same as Metro

Telephone / Mobile

Mandatory

Mandatory

Mandatory

Mandatory

Business Stability

Business Should be running from last 3 years

Same as Metro

Same As metro

Same as Metro

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fullerton India Personal Loan Trichy Documents

When the applicant applies for the personal loan after that, they have to submit some of the documents. These are:

  1. The applicant has to submit their identity proof which includes Aadhaar Card, Passport, Voter Card, Driving License.
  2. Two passports sized colored photographs
  3. They have to submit residence proof which includes Updated Passbook, Aadhaar Card, Passport, Voter Card and Ration Card. And if the applicant is living in a rented apartment, then they have to submit their rental agreement, electricity & water bill which has to be in the name of the applicant and the address of the owner.
  4. They have to submit their PAN card which is an essential document under the KYC formality.
  5. If the applicant is a salaried one, then they have to submit their salary slip of the last three months and the bank statements of the previous six months.
  6. And if the applicant is a self-employed then they have to submit the ITR of the last three years and registration of their business should be done.

Fullerton India Personal Loan Trichy Interest Rate

Personal loan interest rates vary according to banks and customer profile. Some Institutions provide special offers to their regular customers like affordable interest rates, low processing fee, affordable EMIs and long tenure period. Check interest rates offered by different banks in the country. The interest rate provided in the personal loan is quite affordable. It starts at 15%* per annum. The rate of interest may change.

Fullerton India Personal Loan Trichy Tenure

The tenure of the personal loan is one year to five years.

Fullerton India Personal Loan Trichy Benefits

The Personal Loan act like a financial aid which provides financial help to the people who require money. There are many benefits of taking a personal loan.

  1. A Loan without any collateral or security: A Personal Loan is not a secured loan as banks don’t ask for any security or guarantee. So, there is no need of pledging collateral or security.
  2. Simple Documentation: The documentation process is simple and easy. The applicant needs to provide some essential documents to the banks.
  3. Quick Loan Approval: It is easily sanctioned within 48-72 hours without any hassle. After getting the documents, banks will do the verification of the given details and the loan will get disbursed within 24 hours of confirmation.
  4. Multipurpose finance: Personal loan can be used for various purposes, i.e. in paying old bills, home improvements, wedding shopping, financing trips and many more.
  5. No Third party involvement: The loan is directly given to the borrower without the involvement of the third party. It is a relationship between the borrower and the lender.
  6. Hassle free: Getting a personal loan is now a hassle-free process. Online loan portals have made it more convenient and comfortable. You can get the loan amount in your account without stepping out of your place.

About Trichy

Trichy or Tiruchirappalli is the fourth largest city which lies on the banks of Cauvery River in Tamil Nadu. Tiruchirappalli is an essential industrial and educational center of Tamil Nadu. Tiruchirappalli has numerous Hindu temples and Forts. The city is a booming commercial center in Tamil Nadu.

 

 


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