The economic recession induced by the unprecedented COVID-19 pandemic has shattered business and families. Most people have had to face a reduction in their monthly income. In such times, managing a financial crisis, such as meeting the cost of a medical emergency, is a real challenge. You are compelled to use your life savings to meet your immediate financial needs.
But, what happens if your savings or investments are not enough? In such cases, a personal loan app is the best option to deal with a financial crisis. It is best known for its quick loan approval facility, and it serves multiple purposes, which means that there is no restriction on the end-use of the approved loan amount.
What are the key Features and Benefits of Fullerton India’s Online Loan App?
Fullerton India Instaloan App comes with a host of features and benefits to provide salaried applicants a hassle-free and quick loan application process.
• Quick Loan Approval and Disbursal
The best part of Fullerton India’s instant loan app is that the process of getting your preferred loan amount is quick. You will need to fill in your details, upload your documents, and after successful verification checks, your application will be approved instantly. The sanctioned loan amount will be credited to your registered bank account.
• Easy Accessibility
Using Fullerton India’s personal loan app is easy. You will need to download and install the Fullerton India Instaloan app on your phone, fill in your personal and employment details, upload your documents, and provide your bank account details. You do not need to visit any physical location, as the entire process of applying for a personal loan is online.
• Higher Loan Amount
Another benefit of Fullerton India’s personal loan app is that you can get up to Rs. 25 lakhs a loan. Although a maximum loan amount can help you fulfill all your financial needs, such as buying a new home, funding your children’s higher education, or wedding, it would be wise to assess your needs and apply for a loan amount that you need.
• Affordable Interest Rates
Applying through Fullerton India’s online loan can get interest rates as low as 11.99%. However, it is worth noting that the interest rates are dependent on several factors, such as your age, income, credit history, current financial obligations, etc.
• Hassle-Free Documentation
To apply for a personal loan, you will need to fill in your basic information and documents on Fullerton India’s personal loan app. As a salaried person loan, you will need to scan and upload your Aadhaar Card, PAN Card, Passport, etc. as KYC proof. Also, you must add your salary slips for the past three months, bank statements for the last six months, and ITR or form 16 as income proof.
• Relaxed Eligibility Norms
To get a personal loan through Fullerton India’s instant loan app, you will need to meet the following mandatory requirements:
1. You must be an Indian who is either a salaried individual or a self-employed professional.
2. You must be at least 21 years at the time of loan application and 65 years at the loan tenure.
3. As a salaried person, you must earn a minimum income of Rs. 25,000/ if you are a resident of Mumbai and Delhi. If you are from other cities in India, you are required to earn at least Rs. 20000/ every month.
4. The app is currently not available for self-employed applicants.
How to Apply for a Personal Loan through Fullerton India’s Online Loan App?
The process of applying for a personal loan is simple and convenient. Follow the underlying steps to apply for a loan from the comfort of your home:
• Download and Install Fullerton India Instaloan App from your phone’s app store.
• Register yourself with your Google or Facebook profile or create an account with your email address and password.
• Fill in your details – such as your name, home address, date of birth, marital status, contact details, etc.
• After filling in your personal details, you will need to add your employment and income details, such as your current company name, salary, etc.
• Add your bank account details.
• Scan and upload the required documents.
In Short,
If you need funds urgently, you can trust Fullerton India’s online app to access the required funds within hours of your application. However, before applying for a personal loan, you will need to ensure that you meet the criteria and have all the documents ready.
