Get Faster approval on Personal Loan with Fullerton India Instaloan App

Get Faster approval on Personal Loan with Fullerton India Instaloan App

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Organizations which handle consumer products understand the need for immediate requirements and wish to cater to their customers without any delay. The financial institutions are no exception and want to provide instant loans with minimal documentation and a faster approval. 

To accelerate the lending process, some of the top NBFCs, including Fullerton, have come up with their personal loan app. Using the Fullerton India personal loan app, you can get faster approval for your loans. Let’s find out how, in the below section:

How can the Fullerton India InstaLoan App Ensure Quick Approval For Personal Loans?

The premier lenders understand the need for convenience of borrowers, and hence they have designed the personal loan app with features to have an end-to-end digital borrowing experience. Fullerton India’s personal loan app can help get instant funds during unprecedented times. Availing a personal loan with multiple documentation is a thing of the past as the loan apps ensure that the entire loan application process is completed digitally. With Fullerton India’s instant personal loan app, you can:

  • Review the details of personal loan 
  • Use the online EMI calculator feature to estimate your monthly EMI and thereby decide on a tenure which is most suitable
  • Apply for a personal loan by entering your information
  • Upload scanned copies of required documents
  • Track the progress of loan status
  • Get attractive benefits 

The Fullerton India Instaloan app is currently available for all salaried borrowers.

Criteria required for faster loan approval process:

Modern lenders have made the entire borrowing process flexible, but as a borrower, you can get yourself equipped for faster loan approval. Below are a few qualifying criteria required:

  • Your credit score must be on the higher side to avail an instant loan. A credit score or rating determines the creditworthiness of the borrower, and a high credit score means that the borrower has repaid loans on time and doesn’t have too many debts. . In other words, he or she has paid the loan EMI within due dates without any defaults or delay. Please note that sometimes, a lower credit score may also apply to people who have never availed a loan. However, you can discuss with the loan advisor on the status of your eligibility.
  • Meeting the essential income criteria. The lender would also assess your eligibility based on net monthly  income, current obligations, nature of employment, work experience,  etc.

  • Submitting the relevant documentation and being transparent about your current financial situation would help your lender process the application process faster and possible result in quicker loan disbursal.

Exclusive benefits of Fullerton India instant loan:

  • Maximum loan amount upto Rs.25 lakhs
  • Rate of interest starting at 11.99%
  • Flexible tenures between 12 to 60 months
  • Minimal, hassle-free & online documentation
  • Quick disbursal

Documents required for instant loan:

As a borrower, you would need to upload the  following basic documentation which is required for processing your loan application via the Fullerton India Instaloan app

  1. PAN Card
  2. Aadhaar card – if this is updated with your current address and is linked with your mobile number as well as bank account, your loan will be processed much faster
  3. Address proof 
  4. Employment proof such as appointment letter
  5. Salary slips of the past 3 months
  6. Bank statements of the past 6 months.

Conclusion:

Using Fullerton India personal loan app, you can meet your financial requirements at a shorter span and with the convenience of your home.

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