Urgent requirements of money could arise at any time and suck up your entire savings, disrupting your whole financial stability and dismantling your plans for the future. Whether it is paying medical bills in case of a medical emergency or depositing education fees, applying for an instant Fullerton India personal loan seems to be an ideal solution to fulfill the pressing need for funds. Offered without any collateral or security against the loan money, instant personal loans are quickly dispersed with minimal documentation. 

A fast and convenient way to acquire funds instantly, digital personal loans or instant cash loans are provided at affordable interest rates. They can be used for any purpose without any obligation. While keeping your savings intact, small instant loans can be repaid flexibly through equated monthly installments (EMIs) over a fixed tenure. You can assess the loan-related parameters and easily calculate the EMI amount with the personal loan calculator to plan your finances. Subsequently, you can fill and submit the loan application form online. If the loan gets approved, you can get the money deposited in your account hassle-free.

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Scroll down to know more about getting a digital instant loan through a few clicks at home.

  • Collateral-free loan

An unsecured form of credit, a digital instant loan, is sanctioned by a financial institution such as Fullerton India without compelling you to pledge or mortgage any valuable asset against the loan amount. Due to its collateral-free nature, the borrower is not in any hurry to repay the loan and regain control over his/her asset.

  • Paperless and contactless process

In the ongoing era of the corona pandemic, it is recommended to maintain a safe distance and avoid direct contact with each other. Obtaining a small instant loan is also a contactless and paperless process in which the candidates can submit the loan application form and the relevant documents online through a few clicks from the comfort of their homes.

  • Minimum documentation

Acquiring instant loan funds is a seamless online process that involves minimal paperwork such as your identity proof, address proof, and income proof. One can easily upload the softcopy of required proofs and the application form and relax while the concerned loan department completes the formalities and disburses the loan amount.

  • Fast loan processing and approval

Along with the benefit of applying without stepping foot outside, an instant loan request is quickly processed by the financial institution to facilitate the immediate transfer of funds. Online KYC verification is completed at the earliest and the background checks of the borrower by the loan department, which accelerates the approval process, thus enabling quick transfer of funds.

  • Ease of eligibility

The minimum required eligibility for an instant small loan is as follows:

  1. The candidate should be an Indian citizen.
  2. The age of the candidate should be at least 21 years while applying for a digital instant loan. Also, the candidate’s age should not be more than 65 years at the time of loan maturity.
  3. The candidate should be a salaried professional or a self-employed individual with a steady source of income.
  • Affordable EMIs 

The instant loan amount can be quickly repaid along with interest through equated monthly installments (EMIs) as per the borrower’s convenience. EMI amount can be easily computed through a online Fullerton India personal loan calculator by inputting loan parameters, i.e. loan tenure, rate of interest, and the loan amount. Getting an estimate of the EMI amount can help borrowers select a loan tenure before applying.

  • Flexible tenure

A flexible repayment period is a great help in squaring off the loan amount without any default. While the typical tenure to repay the digital instant loan amount is five years, you can opt to close the loan before maturity if additional funds are available, and if certain criteria are satisfied. Please note that foreclosure charges may be applicable. 

  • Attractive interest rate

Decided on the basis of the candidate’s credit history, interest rates are crucial in computing the final repayment amount of the instant personal loan. Even though Fullerton India offers a low interest rate on all its loans, a candidate with a good CIBIL score can negotiate with the lender regarding the same to get the best offer.

  • No hidden charges

There are no additional charges or hidden costs associated with the digital instant loans offered by Fullerton India. All charges and fees are clearly mentioned on the loan agreement.

  • Instant funds transfer

A key advantage of opting for a digital instant loan is that the funds are deposited in your account shortly after successful document verification and loan approval. Offered without any end-use condition, small personal loans are convenient to deal with planned expenses and unforeseen emergencies.