Planning to avail a personal loan but don’t know which lender to choose? Well, if you are getting confused as which lender to choose so as to meet your varied needs, all you need to know about Fullerton India Personal Loan. Yes, being a renowned and reputed name in the banking industry, there is no denying the fact that Fullerton India is a name you can trust as far as availing an unsecured credit facility is concerned. But before you decide to go for this credit facility, it is important that you should know some of the key essentials being mentioned in the article below…
Interest Rate:
One of the most important factors while availing this unsecured credit facility are the personal loan interest rates. Many borrowers before going for any sort of credit, always prefer to check the same so as to know whether the rates offered by the lender are lowest personal loan interest rates or not? Talking about this lender, currently, it offers the credit facility at a range of 14%-33% per annum, which means with the attractive range you can also enjoy the lowest EMIs, hence less burden will be there when it comes to loan repayment.
Eligibility:
A personal loan eligibility criteria is one such critical aspect that you should look into before deciding any lender. Before offering you the credit, the lenders also check various factors such as age,income, credit score, job stability, employment type, other monthly expenses so as to be doubly sure whether to give away the credit or not. If an individual meets the criteria mentioned above, it would be easy for him/her to enjoy a hassle-free loan journey.
Credit Score:
Your three-digit numeric summary is no doubt one such critical aspect that plays a crucial role in your overall journey. Usually, lenders give away the loan to those applicants who are enjoying a good score of 700/750 out of 900. However, the same figure varies from lender to lender. Thus, it is always advisable to maintain a good score so that you can become eligible for lucrative deals. In fact, with the help of many reliable sites, you can also anytime check your three-digit summary and also the credit report.
Documents Required:
Lenders do not give approval to any loan application until an applicant submits a complete list of documents. It is necessary that a borrower must submit the complete set of documentation so as to enjoy a hassle-free process. So, the moment you apply for Fullerton India personal loan, make sure you have the complete list of documents ready.
Fee & Charges:
It is important for a borrower that he/she also be aware of the fee and charges levied by the bank. The lender usually charges a one-time processing fee and prepayment and other sorts of charges while offering the credit. So, if an applicant should be aware of the same, it is easy for him/her to enjoy a hassle-free process.