Finding the right lender can be a challenging task with so many of them available on the market. It is, however, important to find the right lender to ensure that the process of sanctioning, using, and repaying loans is easy and does not cause any inconvenience to the borrower. For example, a personal loan from Fullerton India is considered to be the best in the sector.
Personal loans are unsecured loans that can be used for a range of end uses, including medical care, restoration of houses, travel, marriage and any other financial requirements. You can borrow up to a certain limit with a personal loan and get immediate approval for it with minimal paperwork.
For the Fullerton India online personal loan application process, all you need to do is complete some ease-to-meet eligibility parameters and pursue a simple method of paperwork.
Here are five top reasons why it’s quick and hassle-free to get a personal loan from Fullerton India:
- Easy Availability
By simply talking to a representative, visiting the official branch, or applying online, you can access fast personal loans of up to Rs 25 lakhs.
At Fullerton, the method of loan documentation is quite simple. All you need to furnish are the last three months’ bank statements, salary slips from the same period, along with proof of address, wages, and identification. When your papers are accepted, it takes only 72 hours for the amount to be credited to your bank account.
- Easy eligibility and flexible repayment tenure
The personal loan eligibility requirements at Fullerton are not very strict and depend largely on your ability to settle the loan. You may apply for a joint loan with your spouse or a relative, even if you have a low CIBIL score.
In addition, you have the ability to select your tenure for repayment. A set loan and interest rate can be selected for you. You may also opt at the beginning for higher/lower equated monthly instalments (EMIs) and lower/higher EMIs during the end of the tenure.
As per your salary, the loan EMI schedule can be determined.
- No collateral or cover
To secure personal finance, Fullerton India does not require you to promise any protection or collateral. The financier enables you to use the cash for marriage, housing, car purchase, higher education, home improvement, medical expenses, etc. You are not expected to notify the business of how you intend to use the borrowed money.
- Facility for overdraft
The overdraft feature is a very important advantage of taking a personal loan from Fullerton India. The business enables you to borrow up to a negotiated sum above the penalized cap. The interest is only charged on the funds which are used. In cases of immediate expenditures and emergencies, this is very helpful.
- Lower interest rates
Among all the other personal loan advantages, competitive interest rates are a big advantage. Based on the eligibility, tenure, salary, CIBIL ranking, and other requirements, they start at just 10.99 percent.
In addition, unlike other lenders, Fullerton does not charge any fees or fines on the amount partially prepaid. Nevertheless, the prepaid portion must be made after six months of using the funds.
It is very crucial to borrow money from the right source. If you are looking for a reputable lender with a low personal loan interest rate and easy-to-repay loans, loans from Fullerton are a safe choice. Fullerton India’s personal loans are ideal for anyone who is seeking some financial assistance, with hassle-free paperwork, liberal eligibility requirements, and a stable tenure.