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. A personal loan can be provided for the requirements like a medical emergency, marriage, for the renovation of the home. The people may apply from any banks and non-banking financial institutions (NBFCs). It is an unsecured loan which means it doesn’t require any security or collateral. A person can get a personal loan on the basis of their eligibility like monthly income, CIBIL score, banking history, etc.

The interest rate of the loan varies according to the banks. The creditor checks the credit history and credit score of the applicant, and the applicant can apply online as well as offline.

Why should one choose Fullerton India Personal Loan?

  1. Low processing charges
  2. Less documentation
  3. Quick and risk-free
  4. No cosigner required
  5. Affordable interest rates
  6. Collateral free Loan
  7. Easily available

Fullerton India Personal Loan Eligibility

There are two categories of applicants:

  1. Salaried
  2. Self-employed

There are different eligibility criteria for both applicants.

Salaried Applicant:

  1. The minimum age of the applicant should be 21 years and maximum of up to 60 years.
  2. If the applicant is residing in a metropolitan city, then they should have a minimum income of Rs 18,000. And if the person is from a non-metropolitan city, then they should have a minimum salary of Rs 12,000.
  3. The applicant should have the work experience of the last three years, and the salary should come in their account only.
  4. The applicant should have a good credit score, and it should be more than 700.
  5. The applicant has to submit their bank statement for the last three months and the salary slip of the last six months.

Self-employed Applicant:

  1. The minimum age of the applicant should be 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.
  4. The ITR should be of Rs. 2.5 Lakhs per annum at least.
  5. If the applicant has a business than his business should be running from the last three years.

Fullerton India Personal Loan Documents

  1. Identity proof: It includes Aadhaar card, Passport, Voter card, Driving license.
  2. Residence proof: It includes Updated Passbook, Aadhaar card, Passport, Voter card, Driving license, 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.
  3. Two colored photographs
  4. The applicant has 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 last 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.

Salaried

Self Employed

Last 3 months salary slips & last 6 months bank statement

 ITR of 2.5 lac minimum for last 3 years

Identity Proof: Aadhaar Card/Pan Card/Voter Id/ Driving License/ Passport

Address Proof: Aadhaar Card/Pan Card/Voter  Id /Passport/Driver License and if the person is living in a rented apartment then rental agreement, electricity & water bill and owner’s address

2 passport size colored photographs

PAN Card photocopy

 

Fullerton India Personal Loan Interest Rate

For Instant Loan Approvals 

Parameters

Applicable Charges

Interest Rate

17.25% to 33%

Processing Fees

2% of Loan Amount

 Foreclosure Charges 

4% of Loan Amount

EMI Bounce Charges

  Rs. 1000 per bounce  

 

 

 

 

 

 

Fullerton India Personal Loan Benefits

Fullerton India Personal Loan is a multi-purpose loan which can be availed for events like a wedding, for going to your dream destination or for any other personal need. Its benefits include:

  1. Lending up to 50 Lacs.
  2. Great offers that can be availed Online.
  3. Quick Approval.
  4. Online Account Access.
  5. Document Pickup Doorstep Services.

How to apply for Fullerton India Personal Loan?

However you can apply for a personal loan online or offline too, both ways are equally beneficial, but you should always choose the online method. Because it is a very easy way and time-saving method to apply for a loan, you can apply online within a few minutes. There are a few steps that given that you have to follow.

  1. visit www.dialabank.com
  2. After that fill the online application form for South India Personal loan.
  3. Don’t forget to fill your necessary information like your name your contact number and your email id.
  4. Click on the apply button.

Advantages of Dialabank

  1. Dialabank is the most reliable platform to apply for a personal loan.
  2. This is India’s first financial helpline company, so you will get proper guidance without charging any money.
  3. Your loan will be approved very quickly and easily if you apply on www.dialabank.com.
  4. Besides that, you will get a loan at low rates of interest.
  5.  Furthermore, if you apply for a personal loan on dialabank, you will get a free document pickup facility from your doorstep. There is no need to go to the bank.

Who can’t apply?

  1.  A person with low CIBIL score can’t get a personal loan.
  2. An unemployed person can also not get a personal loan.
  3. A self-employed person who doesn’t pay ITR can’t apply for a personal loan.

About Fullerton India Personal Loan

Fullerton India Credit Company Limited is a wholly owned subsidiary of Fullerton Financial Holdings Pte. Ltd., which in turn is a wholly owned subsidiary of Temasek Holdings Pte. Ltd. of Singapore. Fullerton Financial Holdings invests in financial institutions in emerging markets with a focus on Business and Consumer Banking. It launched commercial operations in January 2007. Fullerton has established itself with 400 branches over 600 towns.

FAQ's

What is the minimum salary to get a personal loan?

To get a personal loan the minimum salary of the applicant should be Rs. 18000 per month.

How is interest on personal loan calculated?

To calculate the personal loan interest rate you can use Personal Loan EMI Calculator.

How is EMI on a personal loan calculated?

EMI Formula

E=p.r. (1+r) n/ ((1+r) n-1))

Where

E is EMI

P is Principal Loan Amount

R is the rate of interest calculated every month. 

How to use the loan calculator?

You just have to visit https://www.dialabank.com/. After that enter the amount of loan, tenure of loan and interest rate. Your EMI will automatically get calculated.

What is the lowest EMI per lakh on a personal loan from?

Ans: The minimum EMI per lakh is Rs. 2,187.

What is the tenure of personal loan?

Ans: The loan tenure of the Personal Loan is one year to 5 years.

How much personal loan amount I can borrow?

Ans: The applicant can take a loan amount of Rs. 50,000 to a maximum amount of Rs. 50 Lakh. It depends on your income and job profile also.

How much does charge processing fee on a personal loan?

Ans: The processing fee charged is 1% to 3%.

Is age an eligibility factor in getting a personal loan?

Ans: Yes, age matters a lot while applying for a personal loan. The minimum age of the applicant should be 21 years minimum, and it can be 60 years maximum.

Are there any prepayment charges on a personal loan?

Ans: Yes, prepayment charges are there. These are generally 2 - 4%.

What is the minimum salary to get a personal loan?

To get a personal loan the minimum salary of the applicant should be Rs. 18000 per month.

How is interest on personal loan calculated?

To calculate the personal loan interest rate you can use Personal Loan EMI Calculator.

How is EMI on a personal loan calculated?

Ans: EMI Formula

E=p.r. (1+r) n/ ((1+r) n-1))

Where

E is EMI

P is Principal Loan Amount

R is the rate of interest calculated every month. 

How to use the loan calculator?

Ans: You just have to visit https://www.dialabank.com/emi-calculator.cfm. After that enter the amount of loan, tenure of loan and interest rate. Your EMI will automatically get calculated.

Which bank is best for a personal loan?

We are here to help you to find the best personal loan for you. Free to call 9878981166 on this our RM (Relationship Manager) tells you the best deal that you can have. 

Which bank gives the lowest interest rate for a personal loan?

For such quires, Dialabank is here to help you. Dial-A-Bank is India's First Financial Helpline, with service available on a local number "600-11-600" across 18 major cities in India. Promoted by a group of Senior Corporate Executives, Dialabank helps consumers Compare and Buy the right Financial Product across 96 Banks, 24 Insurance and 48 Mutual Fund Companies.

How to apply for a personal loan? 

To get a personal loan is very easy; you have to visit www.dialabank.com  and fill the form. After that, we will call you back you with the best personal loan for you as compared to others it’s our guaranty. By this, you can apply for a personal loan. 

What is a personal loan?

Personal Loan is an unsecured loan that means it does not need any collateral. You don't need to deposit any mortgage or security. You can get a Personal Loan based on your eligibility like monthly income, banking history, CIBIL score, employment profile, etc.

How much personal loan can I get?

Again, there isn’t a standard income standard to judge your suitability for a loan. The lender is likely first to check whether you have defaulted in the history as well as if you are currently servicing any loan, besides that one you are applying for. Besides that, there are some things you should keep in mind - Keep your credit score above 700

How much cibil score required for a personal loan?

The minimum CIBIL score required for a personal loan is generally 700. Lower than this would mean that the applicant is creditworthy as well as applications are processed without hassle. In general credit scores range from 300 - 900; 300 being on the lower end of the range and 900 on the higher end.

How to pay personal loan EMI through net banking?

Choose your net banker from drop down or click on pay. You will be securely redirected to payment interface of your selecting net banking option. Confirm your payment money towards your Loan account. You will get an online transaction confirmation as well as a Transaction Reference Number.

How to close personal loan before one year?

Visit bank nearby branch with all documents. Secondly, you may be required to fill a form or write a letter requesting pre-closure of the Personal Loan account. After that pay the pre-closure amount. Sign the necessary documents, if any. Take acknowledgment of the balance amount you have paid.

Since a Personal Loan is generally unsecured, no asset needs to be released from lien or hypothecation. Your Loan will close automatically once the bank receives the applicable money. The company will dispatch a loan closing document that you need to keep safe.

Closing a Personal Loan is as easy as applying for one. 

How to check personal loan status?

Customers can get any of the services as of their ease to check their loan status. Customers can keep track of their application as well as stay updated with the current status of their loans with more comfort with the options provided by Fullerton. With the wide banking options provided by the company, it has enabled its customers to check their loan status in the following ways.

 

Other leading personal loan providers (Click to Apply)

HDFC Personal Loan

Axis Bank Personal Loan

PNB Personal Loan

SBI Personal Loan

Bandhan Bank Personal Loan

Bank of Baroda Personal Loan

 

Disclaimer: The information provided on www.dialabank.com is collected from public sources and is believed to be accurate and genuine. This site should be used as an information provider for different product offerings of Insurance companies and the visitor should make an independent verification with the Insurance companies to verify the claims made in the policy before making any purchase. The decision to Apply and/or Purchase a policy is at the sole and complete discretion of the website visitor and Dialabank.com cannot guarantee or can be held liable for loss or damage caused by claims made by insurance companies through their agents, partners, products or services, directly or indirectly.