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Can Fullerton India Personal Loan Interest Rate Help in Your Financial Emergency?

 Life is full of unfortunate events and we don’t know when a financial emergency would arise. But when you find yourself in such a situation, the best you can do is borrow a loan. And not any other loan but the Fullerton India personal loan. With this loan, you can meet your financial requirements such as debt repayment, travel expenses, wedding expenses, medical emergency, etc. Fullerton India personal loan interest rate starts from 10.99% onwards. Let’s read more about this personal loan in the article below and see what it has to offer.

What is Fullerton India Borrowing Limit?

You can borrow a maximum of INR 25 lakh from Fullerton India and the borrowing limit is based on the following criteria:-

  • Profession - You should be either salaried or self-employed

  • Age - The age of the applicant should be between 21-60 years

  • Minimum Income - Your monthly salary should be INR 20,000 whereas if you are a resident of Mumbai or Delhi, the salary should be minimum INR 25,000. For self-employed the minimum income will be determined as per their annual profit. Also your income can impact your Fullerton India Personal Loan Interest Rate, so be careful about it.

  • Work Experience - A minimum of 1 year work experience is necessary if you want to borrow money from Fullerton India. 

  • CIBIL Score - If you ever borrowed a loan or have used a credit card, you must have a credit history. And based on that information a CIBIL score is generated that decides your creditworthiness for Fullerton India Personal Loan. CIBIL score ranges from 300-900, and to apply for Fullerton India personal loan, you just need to have a score of 750.

  • EMI & Income Ratio - It is a financial measure to compare the applicant monthly EMI payment to their monthly gross income. And for the Fullerton India personal loan it should be a maximum of 65%.

Now it's Time to Use Fullerton India Personal Loan EMI Calculator!

After knowing the borrowing limit the next step for you is to check the EMI amount. And to do so use Fullerton India Personal Loan EMI calculator. You can access this EMI tool on the Fullerton India Personal Loan official website and to use it enter the following details -

  • Loan Amount

  • Fullerton India Personal Loan Interest Rate

  • & Tenure

To have a clear understanding of this we have presented an illustration below:-

Riya is an entrepreneur and earns a profit of minimum INR 3.50 Lakh a year. But currently she has been facing a financial crisis because of her wedding expenses. So to balance that out, Riya applied for Fullerton India personal loan where she finds that she is eligible for a loan up to INR 15 lakh. The Fullerton India Personal Loan Interest Rate on her loan is 12.00% per annum. So to find the approximate EMI amount, Riya uses the Fullerton India Personal Loan EMI calculator and get the following result.

Tenure

Loan Amount

Interest Rate

EMI

1

15,00,000

12.00%

1,33,280

2

15,00,000

12.00%

70,617

3

15,00,000

12.00%

49,829

4

15,00,000

12.00%

39,508

5

15,00,000

12.00%

33,374

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