Most people take a loan to overcome their financial problem. Personal Loan is a type of loan which is designed for individual requirement. It is unsecured in behavior with less paperwork and is less time-consuming.

Eligibility Criteria for Fullerton India Personal Loan Patiala

Not everyone can get a personal loan. There are some criteria by them the bank provides a personal loan to the applicants. Let us discuss them.

There are two categories of applicants.

Salaried

Self-employed

There are different criteria for both categories. Let us see both of them one by one.

Salaried

  1. First of all the age of the applicant should be more than 21 years.
  2. After that he/she should be earning Rs. 18000 per month at least.
  3. After that, the applicant should have the work experience of 3 years at least.
  4. After that he/she should be getting the salary in his/her bank account.
  5. The credit history of the applicant should be good.

Self-employed

  1. If the applicant is self-employed than his/her age should be 25 years at least.
  2. He/she should be filing ITR for last three years at least.
  3. His/her CIBIL score should be good.
  4. The ITR should be of Rs. 2.5 Lakhs per annum at least.

Salaried People

Parameters

Metro

Tier-2

Tier-3

Tier-4

CitizenShip/PR

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

Same as Metro

Same as Metro

Same as Metro

Loan Maturity

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-3

Citizenship/PR

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

Same as Metro

Same as metro

Same as Metro

Loan Maturity

ITR required

2.5 lakhs - 3.0 Lakh

Same as Metro

Same as metro

Same as Metro

Residence

Office or Home

Same as Metro

Same as metro

Same as Metro

should be Owned

Telephone / Mobile

Mandatory

Mandatory

Mandatory

Mandatory

Business Stability

Business Should be running

Same as Metro

Same As metro

Same as Metro

from last 3 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Special Note: Bank does not provide Personal Loan to poor credit holders. However; one can fulfill their financial requirement with a Gold Loan easily.

Fullerton India Personal Loan Patiala Interest Rates:

Starting Personal Loan Interest Rate = 15.75% per Annum.

A personal loan can be taken for different needs. If you need finance, you can borrow from financial institutions. There are different rules and criteria to get a personal loan. One must check its eligibility for getting loan amount. Personal loans are multipurpose finance options. There are various benefits of taking a personal loan online. You can avail a good deal by comparing offers and finalizing the best one as per your needs.

Benefits of Personal Loan:

A Loan without any collateral or security: A Personal Loan is not a secured loan. Banks don’t ask for any security or collateral. So, there is no need of pledging collateral or security. It is purely given as per the customers' income.

Simple Documentation: Personal Loans are simple and easy. You can get it with minimum documentation with a quick process. Banks need some basic documents of a borrower like identity proof, address proof, income proof, etc.

Loan Amount: The amount can be ranging from Rs. 50,000 to Rs. 20 lakh.

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 verification.

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.

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.

Hassle free: Getting a personal loan is now a hassle-free process. Online loan portals have made it more convenient and easy. You can get the loan amount in your account without stepping out of your place.

Avail the benefits of a personal loan by applying online. Get the best deal and lowest interest rates with quick approval. Call 60011600 or 9878981166.

Why one should choose Fullerton India Personal Loan Patiala?

  1. It is a loan with no hassles and flexible loan terms and conditions.
  2. It is instantly and quickly available loan form within 48 hours.
  3. It is a loan that only relies upon the credit score and repayment capacity of the applicant.
  4. It is a Loan with no collateral or asset requirement.
  5. It is a loan that can be used for different multiple personal purposes.

About Patiala:

Patiala is a city located in southeastern Punjab, in northern India. It is the third largest city in the state.  It is located around a castle named Qila Mubarak. It is highly popular for its traditional turban, paranda, Patiala Salwar, jutti and Patiala peg. Rakesh Sharma, the first Indian astronaut, was born in Patiala.