If you are looking for immediate funds to cover your urgent or planned expenses, personal loans are the best sources of finance you can opt for. These are unsecured loans that lenders provide without any collateral, security, or guarantor. Besides being ideal financial sources for instant cash needs, personal loans are also a great way to build a credit score. Therefore, keeping at par with the increasing popularity of personal loans among borrowers, many NBFCs have launched their personal loan apps to make them easily accessible to the masses. One such app is the Fullerton App.
Fullerton App is a product of Fullerton India Credit Company Ltd, a trusted NBFC in India since 2007 with over 2.3 million customers. You can easily download this app on your smartphone and get access to a wide range of financial solutions within seconds. Below is a detailed guide to applying for an instant personal loan with the online loan app.
7-Step Application Procedure
Fullerton App has a user-friendly interface that allows you to stay in charge of your finances with just a few taps. Follow these seven steps to apply for a personal loan through the app:
- Download and install the online loan app on your smartphone.
- Register via your mobile number.
- Enter the basic details, like your name, residential address, date of birth, marital status, gender, etc.
- Enter your employment and income details, like your company name, salary, work experience, etc.
- Enter your bank account details.
- Scan and upload the required documents.
- Click on the ‘Submit’ button.
Once you submit the application form, you will get instant confirmation about your personal loan eligibility.
If you are eligible and want to avail of the approved loan amount, you will receive an application number to track your application status. Your online loan processing will begin immediately once you submit your documents. After verifying your details, the lender will sanction your loan and send you the agreement. You will receive your loan amount within 24 hours after signing the loan papers.
Features and Benefits of the Fullerton Loan App
The Fullerton InstaLoan app provides instant access to personal loans and allows you to view your account details and pay EMIs on the go. Whether you want to avail a personal loan for a wedding, education, vacation, home renovation, medical emergency, or any other purpose, having the app on your smartphone helps you manage your expenses.
Before proceeding with the application process, it’s important to understand the app’s features and benefits. These include the following:
- 100% Digital Procedure: The app supports a 100% digital loan procedure that you can complete from your smartphone within seconds.
- Paperless Documentation: You don’t need to visit the lender’s office even to submit your documents. Since the app supports 100% digital procedure, you can scan and upload the required documents online.
- No Collateral Requirement: Personal loans from Fullerton India are collateral-free, which means you may get them without any security, guarantor, or collateral.
- Easy Eligibility Conditions: Fullerton India has simple eligibility criteria that most applicants can easily fulfil. If you are a salaried employee or a self-employed professional earning a minimum ₹ 20,000-25,000 every month, you can apply for a personal loan from Fullerton India. Besides this income requirement, you must be within 21 to 65 years of age and have experience of 6 months in your current organisation and a total of one year of work experience.
- Minimal Documentation: Fullerton India has minimal documentation requirements, including your address, income, and identity proofs.
- Fast Approval: Since there are collateral and paper documents involved, the lender can process and approve your loans within minutes and disburse your loan amount within 24 hours.
- No Usage Restrictions: Personal loan is your money that you are free to use the way you want.
- Flexible Repayment: Fullerton India offers 12 to 60 months of repayment tenure, which you can choose according to your repayment capacity.
If you are looking for a personal loan app that can make funds readily available within minutes, the Fullerton India InstaLoan app will offer the best possible solution. An increasing number of customers rely on this instant loan app as it provides quick disbursals, does not demand much documentation, and makes personal loans easier to get due to its easy eligibility criteria.
Additional Read: Top 4 FAQs About Personal Loan Apps