Last Updated on February 13, 2023 by Faiza Murtaza
A personal loan is a significant financial option for fulfilling your aspirations such as higher education, wedding, etc. During a medical emergency, personal loans offer quick funds for managing expenses in the nick of time. The biggest reason behind a personal loan’s popularity is zero collateral, as it is an unsecured loan. Hence, you not only fulfill the wishes of your loved ones but keep your assets. But with so many players in the market, which one should you go for? With Fullerton India’s instant personal loan, you get the best in the industry at the lowest personal loan rates. Here are the top five features that make it an instant hit amongst applicants.
Table of Contents
Five Features of Fullerton India Personal Loan
1. Utilize Funds For Multiple Purposes
Use the Fullerton India instant personal loan for almost any purpose. Usually, personal loans cater to medical emergencies and are the first choice in a contingency. But you can use the funds from personal loans for buying the cars of your dreams, higher education, wedding and home renovation.
2. User-Friendly Documentation Process
Unlike other loans, online personal loans have a minimal documentation requirement. Nobody wants to take the extra stress of finding the relevant documents and rushing to the office to submit them during an unfortunate event. Fullerton India personal loan has a paperless loan application process. You simply need to submit the necessary documents online.
The records required are mostly readily available with an individual and are as follows:
- Properly filled application form
- Address proof
- Identity proof
- Proof of Birthdate
- Last three months’ salary slip for salaried individuals
- Financial statements for self-employed
- Bank statement
- Income tax returns.
3. Instant Approval And Quick Disbursal
A personal loan’s most significant advantage is quick and easy approval because of minimal documentation and hassle-free online process. Your loan application will get approved after you have duly filled and submitted the documents. With technology, personal loans are the most sought after by the younger generation. All you need is an excellent internet connection, and you are all set for applying. Fullerton India’s instant personal loan stays true to its name and disburses money directly to your bank account within 30 minutes of approval. It is the quickest in the industry and should be your priority.
4. Affordable And Flexible
Fullerton India offers a personal loan amount of up to Rs. 25 lakhs, which is a significant amount. Tt offers some of the lowest personal loan rates among India’s NBFCs starting from 11.99%. Hence, you can borrow a substantial amount without worrying about excessive interest. Similarly, it offers a flexible repayment tenure of up to 60 months. You can check the loan amount eligibility and estimate monthly instalments beforehand on their site. This helps you in making an informed decision and making suitable changes at your convenience.
5. Debt Consolidation
This feature requires special mention when we talk about Fullerton India’s instant personal loans. If you have taken multiple loans and now find it troublesome to manage, a personal loan is there for your rescue. You can consolidate different debts into a single personal loan. By doing this, your instalment for a single loan will be relatively cheaper than the repayment of multiple loans. Many people are unaware of this feature that can prove to be cost-effective in the long run. Therefore, a personal loan not only caters to immediate fund requirements but is a viable solution for saving money.
If you are planning to opt for a loan, then without any doubt, Fullerton India’s instant personal loan should be your top priority. With such unique features, you can utilize the money stress-free and accomplish your personal goals.