Getting a personal loan becomes more accessible with Fullerton India. The loan app offered by Fullerton makes applying for a personal loan more straightforward and hassle-free. You can avail of an instant personal loan from the comfort of your couch and set the app to work. Let’s understand the complete working process of the Fullerton Loan App in detail.
Working Process of Fullerton Loan App:
The most promising thing about one of the best loan apps in India is that you don’t need to visit the financial institution now and then. There is no need to kill time by filing various forms and following lengthy procedures. Go for an instant loan app and effortlessly avail of a loan promptly.
- Online Documentation
The first process is the collection of documents like personal information and some proof, including identity, residence and income. The process is entirely online. The documents need to be scanned and uploaded. After the documents are uploaded, they need to be verified and you have to be patient.
- Flexible Processing
The borrower is not asked to provide any collateral to avail the loan. However, the process involves no physical documents, providing flexibility at its height. You can choose the amount as per your desire and get it quickly transferred into the bank account.
- Specifying the Loan Particulars
The working process of the loan app involves the specifying of the loan particulars. One can go for loans up to 25 lakhs and tenure five years long. The interest rate differs from borrower to borrower as the tenure, amount and credit score varies.
How to Apply for a Personal Loan Using App?
The working process of the loan includes documentation, flexible processing and selection of the loan particulars depending on the crisis. If you wish to apply for the loan, follow the procedure below to get the loan in minutes.
- Download the App
To avail of the loan at lower interest rates, as low as 11.99%, you need to download the app on your android and iPhone using the play store or iTunes.
- Create an Account
After downloading the app, you need to create an account by signing in with your Google or email ID. While you log in to your account, you will be required to fill in your details, including name, ID proofs and minor documents.
- Check Eligibility
Before filling in the application form, check your loan eligibility using an online calculator, and it will help you determine the particulars and assist the working process.
- Fill in the Particulars
Know your needs and then determine the right amount to borrow. Using an EMI calculator, you can deduce the suitable tenure depending on your finances and calculate your loan EMI beforehand. This planning will help you prepare for the monthly repayment.
- Apply for the Loan
After you complete the preparation and decide to go for a personal loan, click the “Apply Now” button to apply for the personal loan. In 24* hours, an agent will contact you with information on further proceedings.
- Get the Amount Transferred
When your documents are verified and your application is selected, the amount will be transferred to your bank account within 30 minutes.
Applying for a personal loan with the Fullerton loan app is simple as that. You must also check for other charges like prepayment to not get a surprise in the future. Also, remember that your interest rate might alter depending on your tenure, amount and credit score.
Fullerton Loan App is one of the best loan apps in India. The reason is the minimum documentation and quick sanctioning of the instant loan. Check eligibility for the personal loan online before applying to get higher chances of sanction. Once your loan is approved, the amount will be transferred in a maximum of 24* hours.
Must Read: Reasons Why Are Instant Loan Apps Getting Popular
There is no better place to apply for a personal loan. At Fullerton India, we take care of all your needs and help you secure your loan with ease. Also, make sure to keep your documents and other details in check. We aim to clear out your loan request as soon as possible, but be cooperative and in touch if there is some delay.