Whenever someone needs urgent funds to cover their planned or urgent expenses, they look forward to applying for a personal loan. However, when you actually take the final step to apply for a personal loan, you will find hundreds of lenders offering loans with different terms and conditions. Your ultimate goal is to find a lender that best suits your financial requirements and eligibility.
If you are looking for instant cash to find your expenses, Fullerton India instant personal loans are far better than others. Let us look at the top 5 reasons why we say so.
1. Generous Loan Amount
You may need urgent money for varied expenses, like a medical emergency, home renovation, vacation, education, or others. The loan amount that the lender provides should be enough to fulfill your requirement.
Although the loan amount you are eligible for depends on your credit score, income, and debt-to-income ratio, you must look for a lender offering the maximum loan amount according to your eligibility. This is where Fullerton India stays ahead of the others. Depending on your eligibility and other conditions, they offer personal loans of ₹ 50,000 to ₹ 25 lakhs. Such a generous amount is good enough to cover most expenses according to your plan.
2. Competitive Interest Rates
Interest rate is one of the most crucial factors borrowers look at while applying for a personal loan. The higher the interest rate, the bigger will be the loan cost you have to pay. Therefore, it is of the essence to find a lender offering the lowest personal loan rates. This is where Fullerton India ace.
Fullerton India allows personal loans at competitive interest rates. A low-interest rate enables you to save money on the loan cost, borrow more money, manage EMIs better, and pay off the loan faster. Remember, the interest rates they offer to you depend on your eligibility and credit score.
3. Flexible Repayment
Another best thing about Fullerton India instant personal loans is that they come with flexible repayment terms. Once the NBFC approves your loan, you get 12 to 60 months of repayment tenure to choose from. You must evaluate your income and DTI ratio to select a loan term with installments adjustable within your budget.
A personal loan EMI calculator is a valuable tool that enables you to make an informed decision regarding your loan term. The EMI amount reduces with a longer loan term and increases with a shorter one. However, the interest outgo increases with the loan term. Therefore, the final decision for the loan term rests on your repayment capacity and monthly budget. Your ultimate goal should be to choose the shortest possible loan term with easily manageable EMIs.
4. No End-Use Restrictions
Fullerton India does not put any restrictions on the end-use of your personal loan. Once approved, your personal loan is the money you can use for any expenses you want to cover. For instance, if you take a personal loan for a wedding, you are free to use the loan amount for any wedding-related expense, be it the venue, caterer, photographer, wedding outfit, gifts, invites, etc.
5. 100% Digital Application
Fullerton India instant personal loans support 100% digital application procedure that you can complete without leaving your home. Log onto their website or download their instant loan app to apply for a personal loan. All you need is a laptop or smartphone with stable internet connectivity. No matter where you are, you can apply for a personal loan at your convenience.
Starting from application and documentation to approval and EMI payment, borrowers can do everything through the lender’s website or app. You don’t need to visit their office even once, not even to submit your documents. You can simply scan and upload the documents online.
No collateral requirement, 100% online loan procedure, and online documentation make the loan process much faster than before. You can apply for a loan online, get approval instantly, and disbursal within 24 hours. All these reasons and many more make Fullerton India instant personal loans a good option for your personal expenses. So, log on to the Fullerton India website or download their app to start your application procedure and get the funds at the right time.