Getting a personal loan to fulfil your financial needs without redeeming your savings or investments is equivalent to making an informed financial decision. You can avail of a personal loan to cover the cost of medical emergencies, weddings, travel, or debt consolidation. The best thing about it is, it serves multiple purposes.
The procedure to apply for a personal loan has been simplified and more convenient by Fullerton India personal loan app known as the ‘Instaloan’. The mobile application launched by Fullerton India has been gaining tremendous popularity, and its acceptance among borrowers stems from the fact that it is easy and simple to use, and the loan application gets approved almost instantly.
The instant loan app is available in leading application stores. Whether you have an Android or IOS device, you can easily install the Fullerton India personal loan app and that for free. You have to ensure that you are either a salaried person or a self-employed person before filling the online loan application and get funds to finance your travel, weddings, or manage a health emergency.
How has Fullerton India personal loan app simplified the process of acquiring a loan?
Fullerton India’s online loan app is customer-centric and has been designed while keeping its customer’s convenience in mind.
- Simple to use
Almost anyone, regardless of their understanding of the technology, can navigate the interface of the instant loan app. You will need to download the app on your phone, you will then be guided through several steps like creating your account, filling in your details, and uploading the documents.
After clicking the submit button on the app, you will be headed to another page that contains your eligibility information. If you are eligible, you can proceed with your application. The process to apply for a personal loan is short, simple, and speedy. You can apply in a few minutes and then easily keep track of the status.
- Hassle-free documentation process
Another reason why borrowers love Fullerton India’s online loan app is that it is paperless and hassle-free. You can fill out your details and upload your documents as required.
The mandatory documents are:
- Proof of identity: Voter ID Card, Passport, Aadhar Card, PAN Card, etc.
- Proof of address: Passport Voter ID Card, Passport, Aadhar Card, Bank passbook, rent agreement, or Utility bill.
- Proof of age: Passport, Aadhaar Card, Voter ID Card, or School Admit Card.
If you are a salaried person, you will need to submit your salary slips for the last three months and bank statements for the last six months. As with self-employed individuals, copies of ITR and audited financials of the past two years.
- Eligibility criteria
The eligibility requirement for a personal loan through Fullerton India instant loan app are:
- You must be a citizen of India and a salaried employee of a company or a self-employed individual.
- You should be between 21 and 60 years of age.
- Salaried individual: You must earn a net income of Rs. 25000 per month if you are residing in Delhi and Mumbai or Rs. 20000 if you are from other parts of India.
- Digital loan process
Fullerton India’s online loan app ensures that the loan application process is 100% digital, making it a convenient and paperless exercise. You can fill out your details, submit your documents, submit your application, and receive the loan amount in your bank account without leaving your home or office. The best part is that you do not have to visit any branch as you can comfortably complete the process from the app.
How to apply for a personal loan through the instant loan app?
Follow the underlying steps to conveniently make your personal loan application.
Go to your phone’s app store and search for ‘Fullerton India Instaloan app’
- Download and install the Fullerton India personal loan app on your phone.
- Register on the app using your social media account like Facebook or Google account or choose to create a new login ID.
- Fill in your details like your name, address, date of birth, gender, marital status, and contact information.
- Fill in your employment or income details. It includes details like your salary, the name of your employer, etc.
- Add your bank account information (it is needed to transfer the amount after approval).
- You will then need to upload your requisite documents.
- Click submit to submit your application.
After clicking submit, you can track your application status on the app itself. When Fullerton India approves your loan application, the sanctioned loan amount gets transferred to your registered bank account within 24 hours.