Fullerton Personal Loan Interest rates in Machilipatnam
Up To 75000 | |
---|---|
Others | 23.99% |
Salaried | 11.99% |
Self Employed Professional | 17.50% |
Features of Fullerton Personal Loan Machilipatnam
Type | Features |
---|---|
Processing Fee | Upto 2.0% |
Pre Closure Charges | Upto 4.0% |
Part Payment Charges | Allowed |
Min Tenure | 1 Years |
Max Tenure | 5 Years |
Min Age | 21 Years |
Max Age | 60 Years |
Min Loan Amount | Rs.50,000/- |
Max Loan Amount | Rs.20,00,000/- |
Min Educational Qual | Graduation |
Residence Years In City | 2 Years |
Total Work Experiance | 3 Years |
Fullerton Personal Loan Machilipatnam Charges
Type | Charges |
---|---|
E M I Bounce Charges | Rs. 500 per Bounce |
Duplicate Statement Charges | Free |
Cheque Swapping Charges | Rs. 550/- |
Issue Amortization Schedule Duplicate | Free |
Photocopy Documents | Free |
Default Interest Rate | @24% PA |
Documentation For Personal Loan
For Salaried Persons
- Filled Application form
- Identity Proof (PAN CARD)
- Address Proof
- Latest 3 months Payslips
- Job Continuity Proof
- 2 Passport Size colour Photographs
- Co-Applicant identity proof, Address Proof
- Co-Applicant relationship Proof and Photograph
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
- Property Related documents
For Self Employed/Professionals
- Filled Application form
- Identity Proof
- Address Proof
- Last 2 years Income Tax Returns
- Professional/Self employed existence proof for more than 3 years
- 2 Passport Size colour Photographs
- Co-Applicant identity proof, Address Proof
- Co-Applicant relationship Proof and Photograph
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
- Property Related documents
Identity Proof For Personal Loan
- Passport
- Driving License
- PAN card
- Photo credit card (with embossed Signature and last two months statement)
- Banker's sign verification
Age Proof For Personal Loan
- PAN Card
- Passport
- License
- School leaving certificate
- Voter card
- Birth Certificate
- LIC policy (only for age Proof)
Income Proof For Personal Loan
- Latest salary slip
- Current dated salary Certificate with latest form 16.
- Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
Address Proof For Personal Loan
- Latest salary slip
- Current dated salary Certificate with latest form 16.
- Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
Job Continuity Proof For Personal Loan
- Form 16
- Relieving letter
- Appointment Letter (for last two months)
- Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)
Banking History For Personal Loan
- Bank statements of latest 2 months
- 3 months bank passbook
Fullerton Personal Loan FAQ's
Who can apply for a Personal Loan?
Fullerton Personal Loan is available for salaried individuals as well as self-employed individuals.
Do I need to hypothecate my assets or provide any other collateral to avail a Personal Loan from Fullerton India?
You do not need to hypothecate any assets to avail a Personal Loan from Fullerton India.
What is the maximum loan amount I can avail?
You can avail up to ` 20 Lakhs if you are salaried and ` 30 Lakhs if you are a self- employed businessman. The actual loan amount eligibility will be calculated based on your income and other parameters that the Fullerton India Relationship Manager will explain.
What is the minimum and maximum Loan tenor I can avail?
You can repay your loan over a period of 12 months to 48 months.
How much would I need to repay each month?
At the time of booking of your loan, the EMI (Equated Monthly Installments) will be calculated based on the loan amount sanctioned, interest rate and the tenor.
What is an EMI?
EMI or 'Equated Monthly Installment' is the convenient monthly amount that you have to service to pay back the loan availed. The EMI consists of both the principal and interest components.
Can I foreclose or prepay my loan?
You can foreclose your loan after a minimum period of 6 Months.
Is there any advantage that I can get if I have already availed a Fullerton India loan earlier?
Yes, if you are an existing customer of Fullerton India, you will get additional benefits on the processing time as well as the interest rate. What's more, you will be eligible for a pre-qualified Top Up on your existing Principal Outstanding.
Why shouldn't I avail my sudden need for cash through a 'cash advance' on my credit card?
Your credit card can be an option, but withdrawing cash using a credit card can turn out to be very costly if you do not repay it quickly. Interest rates on credit card cash withdrawals can go as high as 40 per cent on an annual basis depending on the type of card you use and you also do not get the interest free period to pay back. In short, interest is charged from the moment you withdraw the cash. There is also an additional transaction charge that is levied on the withdrawal at the ATM. In comparison, a Personal Loan is cheaper and the repayment can be spread over a long period.
About Fullerton
Fullerton Financial Holdings invests in financial institutions in emerging markets with a focus on Business and Consumer banking.
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Expert Advice
Best Practices for Personal Loan
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Personal Loans Disadvantages:
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About Machilipatnam
Machilipatnam, also known as Masulipatnam or Bandar or Masula, is a fishing port and a special grade municipality in the Bandar revenue division of Krishna district of Andhra Pradesh..Situated on the mouth of the River Krishna in the Bay of Bengal, Telugu, Urdu and English are the languages used in this region.During the 3rd century BC, at the time of the Satavahana dynasty (200 BC – 250 AD), Machilipatnam was a flourishing port town along the east coast and it was referred to as Maisolos by Ptolemy.
Machilipatnam came under the Kingdom of Golconda. In the 17th century it became a centre of French, British, and Dutch trade. Machilipatnam was also one of the first colonial settlements by the British along the Coromandel Coast in the Indian Subcontinent.After the exile of the British, during the Carnatic wars, the French took over this port town. In 1759, Colonel Forde of the British East India Company acquired Machilipatnam port town from the French with the help of Northern Circars, a former division of the Madras Presidency of British India.
Places To Be Visited In Machilipatnam
Sai Baba Temple
In Machilipatnam the major attraction is Sai Baba Temple, and here biggest Sai Baba statue is 44 feet and width is 45 feet The name of the statue is mentioned in the India Book of Records as the biggest statue of Sai Baba.
Bandar Kota
Bandar Kota can be categorised under Historical Place in Machilipatnam. It was one of the oldest ports in India itself. It was called in 16th century as Masulipatnam port as the masulipatnam came after the name of city was Masauli pattanam. The Dautch people came to India by this port on 1602 AD and they named this port as masulipatnam port that time it was natural port.
Panduranga Swamy Temple
The temple of Sri Panduranga Swami, who is an incarnation of Lord Vishnu, is located at Chilakalapudi near the suburbs of Machilipatnam in the Krishna district of Andhra Pradesh. It is the only temple in the state which is dedicated to Lord Panduranga Vithal. The temple is built in line of the famous temple of Vithoba at Pandharpur in the state of Maharashtra.
Manginapudi Beach
It is a natural beach situated at 11km from Machilipatnam, located in the Krishna District of Andhra Pradesh. In fact, Manginapudi is a small fishing village that is closely situated on the shores of sea (Bay of Bengal).