A personal loan is an unsecured loan offered to borrowers by various digital lenders to manage their expenses and any financial emergencies. There is the freedom to use the money the way you want to without worrying about any security.

When compared to secured loans, getting a personal loan from Fullerton India is easy. You can get the loan through a 100% paperless process by submitting the personal loan application through loan apps online. Personal loan offers various benefits to individuals like:

  1. A loan with no security: With no collateral, one can easily get a personal loan.
  2. Attractive interest rate: The interest rate offered against the personal loan is market-driven and lower than that offered with a credit card.
  3. Freedom of usage: There is no restriction to the loan amount one receives from the personal loan. They can use it for a vacation, education, debt consolidation, medical emergency or any other purpose.

With so many benefits, what do you need to become eligible for a personal loan. Fullerton India has stipulated the eligibility criteria for all personal loan applicants.

Eligibility criteria of Personal Loan from Fullerton India

Fullerton India offers personal loans up to Rs 25 lakhs* to individuals at a competitive market-driven interest rate. The basic eligibility criteria to get a personal loan is:

  1. Citizenship: The individual must be a resident citizen of India.
  2. Profession: The individuals must either be a salaried employee of a private limited company or a public sector understanding. The applicant can also be self-employed with a minimum turnover as per the current policy.
  3. Age: The applicant must be between 21 to 60 years of age. At the time of maturity, the applicant must not be below 60 years of age.
  4. Minimum Income: The applicants applying for the loan must have minimum income as follows:
  5. For salaried employees who are residents of Mumbai or Delhi, the minimum monthly income isRs 25,000.
  6. For salaried employees who are residents of any other Indian city except for Mumbai or Delhi, the minimum monthly income is Rs 20,000.
  7. Self-employed individuals must have a minimum yearly profit after tax determined based on profession/industry
  8. Salaried applicants must have at least one year of work experience and a minimum of 6 months of experience in the present company.
  9. The minimum CIBIL score of the applicant must be 750 or above.

Individuals who fulfil the criteria mentioned above may be eligible for getting a personal loan from Fullerton India. However, the maximum loan amount they can get depends on various other factors like:

  1. Credit score & history
  2. Income of Applicant
  3. Age of applicant
  4. Loan Application
  5. Repayment capacity
  6. Nature of employment
  7. Fullerton India’s policy at the time of loan application

To get an estimate of the maximum loan amount you may be eligible for, you can check Fullerton India’s free online personal loan eligibility calculator as follows:

  1. Select “Salaried” or “Self employed” as applicable
  2. Enter your birth date and location
  3. Enter your net monthly income / yearly profit after tax
  4. Enter your net monthly obligations (or EMIs) including credit card EMIs
  5. Select interest rate and tenure.

You can see the maximum personal loan amount you may be eligible for. You can vary the interest rate and tenure to get a clearer idea.

Applicants are required to submit the following personal loan required documents for verification:

  • PAN Card
  • Identity Proof
  • Address Proof
  • Previous three months’ salary slips for salaried individuals
  • Past six months’ bank statements
  • Income tax returns or form 16
  • Proof of Income / financial statements (for self-employed)

If you are sure that you fulfil the eligibility criteria, you can process ahead and fill in the application form for a personal loan from Fullerton India.


Once you are eligible for the personal loan, you can apply for the same through either the Fullerton India website or the Fullerton India’s Instaloan app (instant loan app for salaried individuals only). Fullerton India offers paperless documentation for the personal loan approval process. Once the application is approved and all verification checks are cleared successfully, the loan amount is disbursed into your account within a short span.

Get rid of your worries and embrace financial independence with a Fullerton India Personal loan.