We see ourselves get stuck in financial problems in our day to day life and often enough we are not able to figure our way out of it, so we start looking for a solution through different measures which are available in the market. The most attractive of them is a personal loan which one uses for personal reasons and thus can avail a remedy for his problems as many financial companies and banks provide this loan without mortgaging any property against the amount issued as loan. The interest rate of the loan varies from bank to bank. The creditor checks the credit history as well as the credit score of the applicant, and the applicant can then apply through online as well as offline measures.

Why should one go for Fullerton India Personal Loan?

Fullerton India was launched in 2007, and it has been successful with its establishment of the self as well as the branches all across the country. It has a total of 616 branches, which serves around 2.96 million consumers. Fullerton India has been working tirelessly over the last decade and thus Fullerton personal loan can assure that it will meet all of your financial requirements, and turning your dreams into reality. Applying for Fullerton personal loan through Dialabank will make your entire process easy, and you will exercise through it tirelessly. Here’s why:

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

Fullerton India Personal Loan Eligibility

There are two categories of applicants:

  1. Salaried
  2. Self-employed

The eligibility criteria for both the applicants vary, and the conditions are listed below:

Salaried Applicant:

  1. The minimum age should be 21 years and maximum period can be up to 60 years, of the applicant.
  2. If the applicant resides in a metropolitan city, then they should be earning a minimum sum of Rs 18,000.  And if the person is from relating to or denoting the regions outside a metropolis city, then they should have a minimum salary of Rs 12,000.
  3. The applicant should have at least a three years working experience, and the pay should come in their account only.
  4. The applicant should possess a good credit score; it should be more than 700.
  5. The applicant must submit their bank statement for the last three months and the salary slip of the previous six months.

Self-employed Applicant:

  1. The minimum age should be 25 years and maximum up to 65 years of the applicant.
  2. The applicant should have filed ITR for the last three years.
  3. The applicant must have a good credit score, 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, then his company should be running from the last three years.

Fullerton India Personal Loan Documents

  1. Identity proof: This includes Aadhar Card, Voter Card, Passport, Driving license.

  2. Residence proof: This includes  Aadhaar card, Passport, Voter card, Driving license, Passbook, ration card. And if the applicant resides 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 must submit their PAN card, which is an essential document under the KYC formality.
  5. The applicant have to submit their salary slip of the last three months and the bank statements of the previous six months if they are a salaried employee.
  6. And if the applicant is 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

 

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

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

How to apply for Fullerton India Personal Loan?

However, you can apply for apersonal loan (Fullerton personal loan) online or offline too, both ways are equally beneficial, but you should always choose the online method. Because it is an effortless 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.

visit www.dialabank.com

After that, fill the online application form for South India Personal loan.

Do fill in your necessary information like your name your contact number and your email id. Do not forget this step.

Click on the apply button.

Advantages of Dialabank

  1. The most reliable platform to apply for a personal loan is through Dialabank.
  2. This is India’s first financial helpline company, so you will get proper guidance without charging any money.
  3. Your credit 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 put (money) into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit 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.

Frequently Asked Questions

Ques:What is the minimum salary to get a personal loan?

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

Ques:How is interest on personal loan calculated?

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

Ques:How is EMI on a personal loan calculated?

Ans: EMI Formula

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

Where

E = EMI

P = Principal Loan Amount

R = the rate of interest calculated every month.

Ques:How to use the loan calculator?

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

Ques:How much is the lowest EMI per lakh on a personal loan?

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

Ques:What is the tenure of a personal loan?

Answer: The loan tenure of the Personal Loan varies from one year to five years.

Ques:How much personal loan amount can I borrow?

Answer: The applicant can take a loan amount from a minimum of Rs. 50,000 to Rs. 50 Lakh.

Along with that it also depends upon your job profile and the salary amount.

Ques:How much is the processing fee charged on a personal loan?

Answer: The processing fee charged is between 1% -3%.

Ques:Does age matter in getting a personal loan?

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

Ques:Are there any pre-payment charges on a personal loan?

Answer: Yes, prepayment charges are there. These generally vary from 2 - 4%.

Ques:What is the minimum salary amount earned required for getting  personal loan?

The applicant must earn atleast Rs. 18000 to avail a personal loan.

Ques;:How is interest calculated for a personal loan?

Answer: For calculation of interest on personal loan, Personal Loan EMI Calculator.can be used.

Ques: How is EMI on a personal loan calculated?

Answer: EMI Formula

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

Where,

R = the rate of interest calculated every month.

P = Principal Loan Amount

E = EMI

Ques:How to use the loan calculator?

Answer: You must browse through  https://www.dialabank.com/emi-calculator.cfm. Hence forth, enter the amount of loan, tenure of the credited amount, and interest rate. Your EMI will automatically get calculated.

Ques:Which bank provides the best facility for  personal loan?

We are here to provide you the best personal loan based upon your needs. You can call our RM on this number 9878981166 and they an provide you with the best possible deals for you.

Ques:Which bank provides the lowest interest rate for the same?

For such queries, Dialabank is here for your service. DialaBank is India’s First Financial firm, which provides service available on a local number “600-11-600” across 18 major cities in India.  Dialabank helps the consumer compare and then buy the best financial product across 96 Banks, 24 Insurance and 48 Mutual Fund Companies.

Ques:How to avail the services to acquire  a personal loan?

Getting a personal loan is an easy task; you just have to visit our website: www.dialabank.com  and then fill the application form. Thereafter, we will give you a call  with the best personal loan possibile option for you as compared to others. Through this, you can apply for a personal loan.

Ques:What is a personal loan?

A personal loan is an unsecured loan and so a collateral is not required. You don’t have to deposit a security.

You can avail a Personal Loan on the basis of your eligibility like monthly income,  CIBIL score,banking history, etc.

Ques:How much personal loan can I get?

Ans:There is no income standard forjudging your suitability for a loan.

 The instituion will first look into whether you havefailed to fulfil an obligation in the history as well as if you are currently servicing any loan, besides the one you have applied for. There  are a certain things which are to be taken care of before applying for a personal loan.

Ques: What is the minimum requirement of CIBIL for a personal loan?

The minimum CIBIL score requirement for a personal loan is  700. If the CIBIL Score is lower than this, it would mean that the applicant is creditworthy as well as applications are processed without hassle. Generally credit scores range from 300 - 900; 300 being on the lower end of the range and 900 on the higher end.

Ques: How are EMIs for personal loan are to be paid through net banking?

The first step is to choose your net banker from drop down or simply click on pay. You will be redirected to the payment interface of your selected net banking option.

Confirm the amount to be paid towards your Loan account. You will get an online transaction confirmation as well as a Transaction Reference Number.

Ques:How to close a personal loan before one year?

Visit bank nearby branch with all documents. You may have to writea letter or fill a form requesting for the pre-closure of the Personal Loan account. Then you have to 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 grant a loan closing document that would be needed to be kept safe.

Ques: How to check personal loan status?

Ans: Customers can have any of the services  to check their loan status.

Consumers 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 extensive banking options offered by the company, it has enabled its customers to check their loan status in the following ways.

Personal Loan Interest Rate for all Banks

All banks have different schemes for attracting their customers to opt for loans with them. The main criteria runs behind the amount of interest every bank charges while providing a loan to applicants who apply for it. The best thing banks can offer is the best rate of interest on the loan amount so that they don’t lose customers.
 
Take a look at the table below (updated 2019), so that you get a clear picture of all interest rates that different banks offer on personal loans.
 

Bank

Interest Rate

HDFC Bank

10.75%

ICICI Bank

11.00%

Bajaj Finserv

10.75%

Tata Capital

11.12%

Kotak Bank

12.00%

Fullerton India

10.76%

IndusInd Bank

10.98%

Axis Bank

11.89%

Andhra Bank

11.45%

Bank of Baroda

13.00%

Corporation Bank

11.06%

United Bank Of India

13.45%

Vijaya Bank

11.56%

Indian Bank

12.00%

Bank of India

12.87%

Canara Bank

10.99%

Yes Bank

12.02%