Fullerton India Personal Loan Eligibility Criteria

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Fullerton India Personal Loan Eligibility Criteria
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Fullerton India offers collateral-free personal
loans for all types of customers to fulfil their
financial needs. Borrowers can get a personal
loan from Rs. 60,000 up to Rs. 25 lakhs from
Fullerton India for up to 60 months. The existing
customers of Fullerton India can get a host of
extra benefits, such as top-up loan, digital
query servicing and flexible repayment
tenure Fullerton India personal loan eligibility
criteria Fullerton India offers personal loans
for both salaried professionals and self-employed
individuals alike with very flexible eligibility
criteria. It provides personal loans for
applicants aged between 21 years and 60 years.
Applicant should have at least one year of work
experience and should be working with the current
employer for a minimum of six months. 
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What are the top factors that affect your
personal loan eligibility?
Age Age affects your eligibility for a personal
loan. If you are in your early 20s, you have more
chances of getting a personal loan than
individuals who are in their 50s or approaching
their retirement, because young ones have plenty
of time to earn and pay off the loan. Fullerton
India offers a personal loan for individuals aged
between 21 years and 60 years.  Monthly
income Your monthly income tells the lender
about how much monthly instalment you can afford
to repay, after clearing all monthly obligations.
Generally, income criteria are based on the city
you live in and the lenders you are getting a
personal loan from. The higher your income, the
better it is for you.  Credit score Your credit
score is a numerical representation of your
credit history. It shows your ability to repay
debts and how responsible you have been in
repaying debts. Since a personal loan is an
unsecured loan, your credit score is one of the
most important factors considered for assessment
for a personal loan. Generally, a credit score of
750 or above is considered perfect a personal
loan approval.  Job and work stability Job
stability and the organisation you work with
impact your chances of getting approval for a
personal loan. Lenders look into your employment
status before processing a personal loan
application. It gives a clear picture of a
regular stream of income. While income criteria
may vary from lender to lender, a salaried person
should have at least 2 years of work experience
and should have worked for at least 1 year in
their job.
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Documents required for Fullerton India personal
loan

• Here is the checklist of documents required for a
  personal loan from Fullerton India
• For salaried employees
• Completed personal loan application form with
  passport size photographs
• Proof of identity A copy of Voter ID card/
  Driving license/ PAN card/ Passport/Aadhaar card 
• Address proof Ration card/ Telephone bill/
  Rental agreement/ Passport copy/ Driving license/
  Bank passbook or statement/ Electricity bill
• Age proof PAN card/ Passport/ Certificate from a
  statutory authority
• For self-employed individuals
• Completed personal loan application form with
  passport size photographs
• Proof of identity A copy of Voter ID card/
  Driving license/ PAN card/ Passport/Aadhaar card 
• Address proof Ration card/ Telephone bill/
  Rental agreement/ Passport copy/ Driving license/
  Bank passbook or statement/ Electricity bill

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Thank You
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