The impact of technology is felt in every field. From health to finance, every activity now involves an element of digitalization. In the finance sector, many financial institutions are using new methods to adapt to the needs of the consumers. This is witnessed by using the paperless mode of availing loans and the growth of many new applications for meeting financial requirements. With everything going online, the entire process of applying for loans has become quick and instant. With Fullerton India’s Loan App, you can now easily avail of loans anywhere, anytime in a hassle-free process. So, let’s get you started on the advantages of using these personal loan apps.
Benefits and Features of Using Fullerton India Instaloan App
From repayment options to minimal documentation, there are numerous advantages to an instant loan application. Read more about Kinemaster Pro Apk. These are listed below.
- Simplicity
One of the primary reasons you could use Instaloan is that it has a very simple and easy-to-navigate interface. The entire loan application process is straightforward and fast. The app has short steps, including the creation of accounts, filling in the relevant details, and submitting it to verify whether you are eligible for the loan or not. You can also track your online status after applying in just a few minutes.
- Minimal Documentation Required
Fullerton’s India’s loan application process requires you to upload just the essential information and documents. If you are a salaried individual, you can show the following proofs- ornery, address, and age. You will also require the salary slip and bank statements for three and six months, respectively. Your returns or form 16 will also be required.
- 100% Digital
It is a very convenient and paperless exercise for applying, submitting, and receiving the documents for your loan, as Fullerton India makes the whole process digital. You can complete the process without needing to leave your home, comfortably anywhere, anytime.
- Quick and High Disbursals
There is one common determinant that we all look for while taking loans is the amount of disbursal. Fullerton brings you the feature of speedy approvals after the completion of your application process. Along with that, you can borrow high loan amounts if you have a strong credit score, given that you have fulfilled all the eligibility requirements.
- Repayment Options
The responsibility for timely repayments is of the borrower. And keeping this in mind, Fullerton came up with a hassle-free repayment option where you can quickly repay your Equated Monthly Instalments with just a few clicks. You can customize and choose from a wide variety of repayment options within the application. This can enable you to repay your loan amount in easy installments taking off your financial burden.
- Track of Events
By installing Fullerton India personal loan app, you can keep track of your financial status and repayment tenures. You receive automated messages which in turn helps you stay updated and make timely payments. It is instrumental in maintaining a good credit score.
Eligibility Criteria for Availing Personal from Fullerton India Instaloan App:
- A Resident of India and Salaried Employee
To meet the eligibility criteria, you must be a resident citizen of India. Furthermore, it is also essential that you be a salaried employee of a private limited company or public sector undertaking.
- Age Limit
The individual must be in the age group 21-60 years to avail of the loan.
- Monthly Salary
If you reside in Mumbai or Delhi, it is essential that you, as a salaried individual, must have a monthly income of ₹25000. On the other hand, if you reside in other parts of the country, your monthly payment must be ₹20,000.
To determine the maximum loan amount, you can make use of the eligibility calculator. Your monthly income, credit score, obligations, repayment tenures, and interest rates can be the various parameters that affect your loan requirements.
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Conclusion
There are many types of loans that a borrower can take from a financial institution. These include two-wheeler loans, home loans, loans, and property or personal loans. Different financial institutions provide different interest rates and schemes for each of these types of loans.
Now, with Fullerton India Loan App, get access to a range of facilities and avail of loans from the comfort of your home with quick loan applications. Furthermore, choose us to get attractive interest rates and flexible repayment tenures. For more information, contact us.
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