Fullerton India Personal Loan For Government Employees

Personal Loan is one of the most popular loan facilities among customers. Lenders understand that customers come from different backgrounds and economic conditions. Keeping this in mind, they provide different kinds of personal loan. For example, individuals who are working in a private company would want a personal loan in a hassle-free manner with lenient eligibility. On the other hand, a personal loan for Government Employees is one of the most popular avenues among customers who are working with the government or in Public Sector Undertakings (PSUs).

Fullerton India is one of the leading private banks of India that provides different kinds of loan facilities to customers. If you are a government employee and looking for a personal loan, you would feel so much joy to know about Fullerton India Personal Loan for Government Employees. This personal loan is exclusively designed keeping in mind the needs of people who are working with the government or PSUs. With this loan facility, individuals can fulfill their various personal needs such as marriage, education, travel, consumer durable purchase, etc.

In this article, we will discuss some of the important aspects of this Fullerton India Personal Loan such as key features, eligibility criteria, etc. Keep reading!

Why should you Choose Fullerton India Personal Loan for Government Employees?

What are those key features of this personal loan from Fullerton India for the government employees? Well, it’s a valid question as you should know this before choosing the loan for you. Hence, we are showing all such features below. Have a look!

1. One of the best features of Fullerton India Personal Loan for Government Employees is that individuals can choose to take a loan amount up to INR 25 lakh. However, the final loan amount will depend on the monthly income and existing obligations of an individual. Also, you should choose the loan amount according to your repayment capacity.

2. Interest Rate is one of the most important aspects to look for when choosing a personal loan for yourself. The reason: it directly affects your EMI amount. Fullerton India Personal Loan Interest Rates starters from 11.99% per annum that is pretty affordable considering the current market.

3. Individuals can choose a repayment tenure ranging from 12 months to 60 months according to your convenience. Remember that when you choose a shorter tenure, your EMI amount will be higher but you can save interest, while on choosing a longer tenure, your EMI amount will be lower but you will end up paying a huge interest outgo.

4. Looking to get funds in the shortest time possible? Well, Fullerton India can provide the same as you can get the loan amount into your bank account within 30 minutes to 72 hours after your loan approval.

What is the Eligibility Criteria and Required Documents?

To be eligible for Fullerton India Personal Loan for Government Employees, you will need to keep a few conditions in mind that are mentioned below. Have a look!

1. Individuals who are working for the Government at a State Level or Local Body can apply for this personal loan from Fullerton India. Individuals working in Central Government can also apply for this loan.

2. The individual must be an Indian resident living in the country.

3. The age of an individual should be between 21 and 60 years for age to be eligible for this loan.

4. Talking about work experience, individuals should have a minimum working experience of 2 years.

5. The minimum monthly income criteria change according to the city you are living in. For Mumbai or Delhi, the minimum income stands at INR 25,000 per month, while for any other parts of India, this is INR 20,000.

To apply for Fullerton India Personal Loan for Government Employees, you will need a few documents that we are mentioning below.

1. Duly-filled Application Form

2. Proof of Address and Identity

3. Proof of Age

4. Last 6-months Bank Statement of the Salary Account

5. Salary Slips of the last 3 months as an Income Proof

6. Proof of ITR or Form 16