Best ways to Manage Big Purchases with a Fullerton India personal Loan
In recent times, India’s economy has undergone a significant change. It has resulted in the increased buying capacity of individuals. While making big purchases is not tricky, it indeed becomes a huge financial step. To ease the purchase and make it more pocket friendly, financial institutions also offer personal loan facilities.
Personal loans are financial tools that allow individuals to get credit at a reasonable interest rate, with flexible repayment tenure, without pledging any collateral. Personal loan offers freedom of usage to the borrower, as the credit can be used for weddings, vacations, education, debt consolidation, business, or even medical emergencies. A Fullerton India personal loan also provides you with the freedom to manage your big purchases.
Features of Fullerton India Personal Loan
Backed by decades of experience, Fullerton India offers its customers some of the best personal loan features like:
- Quick Loan Access:
The Fullerton India instant loan app gives salaried customers access to quick personal loans. All you have to do is fill the form, upload your documents, and wait for the documents to be successfully verified. After loan approval, you will get the required funds in your bank account, within a few hours.
- Loan Up to Rs 25 Lakhs:
Fullerton India offers a loan amount up to Rs 25 Lakhs to borrowers. The amount eligibility for each individual may vary based on their income, age, existing financial obligation, credit score and many other factors.
- Flexible Interest Rate:
The interest rate charged by Fullerton India is market-driven and starts at 11.99% up to 36%. Based on your loan application details like credit score, income, age, you can also negotiate the charged interest rate.
- Quick Disbursal: Once your documents have been verified and the loan is approved, the loan disbursal is also fast. Within 30 minutes of loan approval, the loan amount is credited into your account.
Along with the above feature, you can also negotiate for some other benefits if you are already a Fullerton India customer. With these features, you can easily manage all your expensive purchases like home renovations, higher education expenses, medical emergencies, etc.
Manage Big Purchases Through Fullerton India Personal Loan
Unlike other instant loan apps, Fullerton India gives up to Rs 25 Lakhs of personal loan. This amount allows you to make any high–end expenses without having to worry about digging into your savings. The amount comes with no collateral or security, not denying you access to your asset.
One can easily manage their expenses by following the below tips:
- Know Your Requirement: With enough funds available at your disbursal, you must first know your requirement. Based on the purchases you want to make, calculate the total amount you require and only borrow the amount needed from the lender.
- Plan Your Loan: Once you know the loan amount, check the interest rate and repayment tenure being offered by Fullerton India. It will help you calculate the monthly EMI that you will be required to pay against the loan. After calculating it all, plan how you will repay the loan amount.
- Stick to the Budget: Once you know your requirements, plan your budget about spending the personal loan credit. This budget will be of great help in managing your big purchases and allow for easy repayment of the loan too.
- Track Your Spending: To ensure that you are not overspending, keep track of your expenses. It will help you in avoiding over utilisation of credit and creating financial mismanagement later.
- Loan Account Management: Once the loan is approved, you can manage your loan account digitally through the app. It gives you the freedom to track your expenses, manage your EMIs, ensure the loan is repaid on time, and read the loan terms and conditions all in one place.
- Do not Miss your EMIs: While the above points will help manage your expenses, repaying the EMI on time will help build your credit score. It will ensure that if you need more loan in the future, then your application is not rejected due to a bad credit score.
With the above tips, you can now make big purchases for your home or office without worrying about finances. Check your eligibility in the Fullerton India Eligibility checker tool and apply for the loan directly.
How to Apply for a Personal Loan?
Both salaried and self-employed individuals can apply for the Fullerton India personal loan, via the website. Salaried individuals can also download the Fullerton India InstaLoan app available on the Play Store or Apple Store. Either way, you can follow the below steps:
Step 1: On the personal Loan page, read the conditions and click on the ‘’Apply Now’ Button.
Step 2: Verify yourself by entering your mobile number and the OTP sent on your number.
Step 3: Fill the application form with your details and upload the necessary documents. You will also be required to mention the loan amount you need and the preferred repayment tenure.
Once the application form is submitted, your application will be verified and confirmed within 24 hours.
A personal loan is not just a financial tool but an emergency credit option that gives individuals the freedom to manage their expenses independently.
Disclaimer: The above-mentioned story is for information purpose only and the viewers are requested to look forward accordingly as Business Upturn does not take any responsibility of the losses that may occur in further activities of traders and/or buyers.