Game & AppsTechnology

Why Borrowers Finds Fullerton App Most Reliable for Personal Loans

Personal loans are a boon for those who need immediate funds to cover big-ticket expenses. Considering the increasing demand for personal loans and the need to streamline the loan process, many lenders launched their personal loan apps that allow people to apply for their desired loan from their smartphones.

One such app is the Fullerton InstaLoan app. Ever since Fullerton India launched it in 2016, it has received more than one million downloads and has served them with what they want. Over the last few years, it has drastically changed the way people perceive personal loans. Let’s look at a few reasons why Fullerton online loan app is the most reliable for personal loans.

How Does the Fullerton App Work?

Fullerton InstaLoan app is a mobile app you may download on your smartphone to apply for a personal loan. Fullerton India Credit Company Ltd, one of the most reputed NBFCs in India, owns and operates it to scan loan applications and approve loans. It follows the lender’s eligibility conditions and documentation requirements to scrutinize loan applications. Once you apply for a loan through the app, the app’s automated system verifies your documents and offers you a loan amount depending on your eligibility and credit score. If you accept the loan offer, you get your loan amount in your bank account within 24 hours.

Features of a Personal Loan from the Fullerton InstaLoan App

These are some features that make Fullerton instant loan app a favorite among borrowers:

  • No End-Use Restrictions: When you take a personal loan from the Fullerton loan app, you are free to use it for any purpose you want, be it a vacation, wedding, education, medical emergency, or home renovation. 
  • Ample loan amount: Fullerton India offers personal loans of ₹ 50,000 to ₹ 25 lakhs, which you may avail of according to your planned expenses.
  • No Collateral Required: Fullerton India offers unsecured loans that you may avail of without any collateral, guarantor, or security.
  • Competitive Interest Rates: Fullerton India’s interest rates start from 11.99% per annum for personal loans.
  • Minimal Processing Fee: The processing fee is minimal, ranging from 0 to 6% of the approved loan amount.
  • Fast Approval: You get instant approval and get funds disbursed into your bank account within 24 hours.
  • Flexible Loan Tenure: When you avail of a personal loan from Fullerton India, you get flexible repayment terms from 12 to 60 months. Use a personal loan EMI calculator to select your loan term according to your repayment capacity.
  • Simple Eligibility Conditions: The lender has simple eligibility conditions that include your income, employment, age, and credit score.
  • Minimal Documentation Requirements: Documentation requirements are minimal, which include your residence, income, and identity proofs. You may simply scan and upload your documents through the app without visiting the lender’s office even once.

Benefits of Using the Fullerton InstaLoan App

Fullerton offers several benefits to personal loan applicants. These include:

  • Instant loan approval 
  • 24/7 availability
  • 100% digital loan procedure from anywhere, anytime
  • Completely paperless documentation
  • Funds disbursal within 24 hours 
  • Online EMI payments

7-Step Procedure to Apply for a Personal Loan 

Fullerton is one of the user-friendliest personal loan apps that follows a simple 7-step procedure to apply for a personal loan:

  1. Download and install the Fullerton online loan app on your smartphone
  2. Create an account or register using your Facebook or Google account
  3. Fill in your personal details, like your name, gender, date of birth, marital status, etc.
  4. Enter details regarding your income and employment, like your employer, salary, and total work experience
  5. Provide your bank details, including your bank name and account number.
  6. Scan the required documents, including your income, identity, and residence proof, and upload them online via the app.
  7. Submit the application form

Once you complete these steps, you will get a confirmation indicating whether you are eligible for the loan or not and your loan amount. If you accept the loan offer, you will receive your application number, with which you can track your application status. Once you receive your loan agreement, you will receive your loan amount in your bank account within 24 hours.

The Fullerton India instant loan app becomes a preferred choice for prospective borrowers with all these features and benefits. Simply follow their 7-step application procedure and get the funds within minutes when you need them the most.

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