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Fullerton India Personal Loan

Fullerton India Personal Loan

Fullerton India offers collateral-free personal loans to salaried and self-employed professionals. Their attractive interest rate starts at 11.99% per annum for a loan amount of up to Rs.30 lakhs. The loan repayment tenure of up to 5 years. They provide customized instant personal loans to new and existing customers with quick disbursement.

Fullerton India Personal Loan Overview

Loan Amount

Up to 30 Lakhs

Loan Tenure

12 months to 60 months

Interest Rate

11.99% to 36% per annum

Processing Fees

Up to 6% of the total loan amount

Age Limit

21 years to 65 years


Salaried employee (public or private)/ Self-employed

Minimum Income

Rs.20,000 per month

Prepayment Charges

Up to 7% of the loan amount

Lowest EMI Per Lakh

Rs.2,224 for 60 months or 5 years

Key Benefits & Features: Fullerton India Personal Loans

The main benefits of availing personal loan from Fullerton India are as follows:-

Fullerton India Personal Loan Eligibility Criteria

The eligibility criteria for personal loans at Fullerton India include several parameters like- Nature of employment, age, income, work experience, credit score, etc.

Nature of Employment

Applicant must be a salaried employee of a public limited company or private limited company or a self-employed professional

Minimum Income

For salaried:

Residents of Delhi or Mumbai- Rs25,000 p.m.

Residents of any other City- Rs.20,000 p.m.

Self-Employed Professionals- Minimum annual turnover depending on the nature of the industry or profession.


Minimum age- 21 years

Maximum age- 65 years by the time of loan maturity


Resident of India

Credit Score

750 or above

Work Experience

Overall work experience till application- At least 1 year

In the present organization- At least 6 months

Fullerton India Personal Loan Documents

The following are the below mandatory documents needed to avail personal loan from Fullerton India-

List of mandatory documents

Additional documents for Salaried Individuals

Additional documents for self-employed applicants

Note- Depending on your individual profile and Fullerton India’s policies at the time of loan application, additional documents may be requested.

Fullerton India Personal Loan Interest Rate, Processing Fees, and Other Charges

Fullerton India offers personal loans at a competitive interest rate of 11.99% p.a. onwards. The final offered interest rate is determined by the factors such as CIBIL score, applicant’s age, repayment capacity, organization, previous relationship with Fullerton, and occupation.

Types of Fees


Interest Rate

11.99% to 36% per annum

Processing Fees

Up to 6% of the loan amount

Prepayment or Foreclosure Charges

0 to 17 EMIs (fully paid)- 7% of principal outstanding

18 to 23 EMIs (fully paid)- 5% of principal outstanding

24 to 35 EMIs (fully paid)- 3% of principal outstanding

36 or more EMIs (fully paid)- NIL

Delayed EMI Payment Interest

As stated under the additional interest rate charge (24% on outstanding balance which is overdue, calculated on daily basis)

Cash/Cheque Collection

NIL (per collection)

Loan Cancellation Charges


Cheque /ECS/ NACH Dishonoured Charges


Swap charges (for replacement of ECS to ECS)

Rs.500 per instance

Swap charges for replacement of Post-dated cheques to ECS

Rs.500 per instance

Note- Foreclosure/Pre-payment penalties shall not be charged on all floating rate term loans sanctioned to individual borrowers.

Illustration- Rani avails a personal loan for Rs.10 Lakhs from Fullerton India, the interest rate is 15% p.a. and the repayment period is 3 years. You need to calculate payable EMIs, total interest, and the total payable personal loan amount.

Types of Fullerton India Personal Loan

1. Elite Applicants

Purpose: This loan is for the personal needs of applicants earning a minimum of Rs.75,000 per month and having a CIBIL score of 750 or above.

2. Personal Loan for Salaried

Purpose: It is a regular personal loan scheme offered to meet the personal requirements of salaried individuals.

3. Personal Loan for Self-employed

Purpose: Self-employed individuals can avail of personal loans from Fullerton India to fulfill their personal and business requirements.

4. Personal Loan for Women

Purpose: Personal loan for women is offered to fulfill the personal requirements of females and help them to achieve financial freedom and dream.

Disbursement Time- Up to 72 hours of loan approval

5. Personal Loan for Wedding

Purpose: Personal wedding loan provides an adequate amount of funds for all wedding-related expenses of individuals.

6. Personal Loan for Holiday

Purpose: This personal loan is for meeting the financial needs of a holiday or vacation including airfares, hotel fees, purchasing travel and other accessories, and funding a tour package.

7. Personal Loan for Doctors

Purpose: Fullerton India offers collateral-free personal loans to doctors such as healthcare consultants and practicing doctors working in private or government hospitals or working in clinics.

8. Personal Loan for Home Improvement

Purpose: This personal loan is for renovating your home such as expanding the living space or making some other necessary improvements to the house.

9. Personal Loan for Medical Emergency

Purpose: Individuals who have urgent need of funds during a medical emergency can avail of personal loan from Fullerton India.

10. Personal Loan for Chartered Accountants

Purpose: Chartered accountants need personal loans for multiple purposes such as expanding space, scaling up your operations, hiring new employees, installation of software, or any other personal reasons.

11. Personal Loan for Shopping

Purpose: Fullerton India provides personal loans for shopping items such as smart televisions, mobile phones, tablets, washing machines, air-conditioners, or purchasing any branded items.

12. Personal Loan for Professionals

Purpose: It is a special category of personal loan which is offered to professionals like doctors, lawyers, and chartered accountants. It can be suitable for multipurpose such as personal and professional as well.

Steps to Apply for Fullerton India Personal Loan Online

Following are the necessary steps to avail of a personal loan online through Fullerton India.

Also Read- IDBI Personal Loan

Step 1. Enter your phone number- First, the borrower need to verify their phone number through OTP sent by Fullerton.

Step 2. Enter Personal Details- Enter all your necessary personal details such as basic details (name, address, phone number, occupation, etc.), income details, and PAN Card details.

Step 3. Provide Loan Details- You need to select the loan amount as per your requirement and the repayment tenure as per your capacity.

Step 4. Upload Documents- Applicants must need to upload all necessary documents based on their occupation.

Step 5. Approval and Disbursement- Once your loan amount gets approved the amount will be disbursed in your account within 72 hours.

Pros and Cons of Fullerton India Personal Loan

Following are the pros and cons of availing of a personal loan from Fullerton India as per ratings (3.9*/5) and reviews of the existing users on google playstore.



The user interface is good

Customer services are pathetic

The App is safe and secure to use

Technical errors

All personal loan services in one place

Interest rates are high

They provide additional benefits to the existing customers

Not user friendly

Provide a higher loan amount


Fullerton India mConnect App Ratings & Reviews

The rating given by the users about the Fullerton India mConnect App is quite well on playstore, more than 5 Lakhs users download their app, and reviews given by the users are average, customers are delighted with additional benefits, but facing technical errors and customer care service. You can analyze the below table for more details.


Playstore Rating



Number of Downloads

5 Lakhs+


Number of Users Review



Content Rating



App Size

13 MB


OS Required

Android 5.1 and above

Fullerton India Customer Care Details

Need a Personal Loan?

Apply Now

Why Choose Saral Credit

Simple Application Process

1. Just fill up a simple form

2. Validate your details

3. Click on Submit button

Experienced Advisors

1. Wide range of options

2. Customised loan solutions

3. Best deal on your loan

Instant Processing

1. Priority processing by lender

2. Timely Feedback on your application

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