Follow these 4 steps to get a personal loan from the Fullerton loan app
By- Ankit Sharma
Personal loans are immediate loans that are sanctioned in a quick turnaround time. It is a perfect loan to borrow money to meet emergency personal expenses. These loans are unsecured loans, which implies that you do not have to provide collateral in the form of a surety to avail this loan. Personal loans are hassle-free financial solutions for your immediate needs.
Previously, applying for a personal loan involved lengthy documents and took a lot of time. Now, the advent of online loan applications has simplified the process remarkably. personal loan applications are a convenient method to avail personal loans as it does not involve any paperwork. All you need to do is complete the online application, upload the documents and track your application through the app.
Let us see in detail the steps to get Personal Loans through Fullerton India Instaloan App
4 Steps to Get Personal Loan from Fullerton India Personal Loan App
The Fullerton India Instaloan app is available for all salaried applicants and can be downloaded from Google Play Store or Apple AppStore. Once installed, register using your Google or Facebook credentials. You can also sign up using your email id. Once done, check the eligibility criteria section to understand if you meet the loan eligibility requirements.
- Check eligibility criteria
●An employee of a private or public sector company. Applicants for cash salary will not be accepted.
Eligible age: 21 to 60
●INR 25,000 per month for applicants living in Mumbai/Delhi
●INR 20,000 per month for applicants living in other Indian cities
Minimum work experience required: 1 year
Minimum experience in current company: 6 months
Minimum CIBIL score: 750*
Maximum EMI as a percentage of income: 65.00%*
Personal loans are immediate loans that are sanctioned in a quick turnaround time.Unsplash
You can check the maximum personal loan amount you are eligible for using the loan eligibility calculator available in the app. This will help you understand the maximum personal loan amount you can take.
2. Application process
Before filling the online application on the instant loan app, you will need to authenticate your mobile number using a six digit OTP. Once done, you will need to enter some basic personal information such as your name, address, date of birth, gender, marital status, contact number, contact details, etc. Fill in your employment and income information, such as your current company, your tenure in the organization. , salary details, bank details, etc.
3. Upload documents
Scan and upload the required documents mentioned in the application and click submit.
The documents that need to be uploaded are:
● PAN and proof of identity
● Proof of address
● Pay slips for the last 3 months
● Bank statements for the last 6 months
Once your application is submitted, depending on your eligibility, you may receive approval in principle. Fullerton India will then process the request further. You can track the status of your application through the app.
4. Penalty and disbursement
Your documents and application will then go through various verification checks. If all goes well, Fullerton India will offer you the loan terms through a loan agreement. Upon receipt of your signed acknowledgment, your loan will be approved and the funds will flow to your bank account.
Your loan application process is faster and hassle-free if your documentation is valid and clear and you meet the loan eligibility criteria.
Why should you avail loans online through the loan app?
Applying using a loan application has its advantages, such as:
● Quick loan disbursement
● High loan amount up to INR 25 Lakhs*
● Eliminates trips to the lender’s office
●Hassle-free application process
●Easy online loan account management
With the Fullerton Instaloan app, personal loans start at an interest rate as low as 11.99%* per annum. You can easily instantly avail a maximum loan amount of up to INR 25 lakhs* if you meet the eligibility criteria. The documentation process is simple and paperless. Install Fullerton India Instaloan App experience practical loan operations
Disclaimer: (This article is sponsored and includes commercial links)