personal loan online apply

How To Apply For Personal Loan Online?

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A personal loan is an instant credit financial tool that allows individuals to borrow money for incurring all their expenses. During an emergency when you require instant funds for a wedding, vacation, medical emergency, education or any other purpose, a personal loan offers the freedom to use the funds as you please.  

How to Apply for a Personal Loan Online?

Step 1: Browse to the Fullerton India website and click on the ‘Personal loan’ tab.

Step 2: On the personal loan page, read the terms and conditions and click apply for loan here: https://www.fullertonindia.com/personal-loan.aspx

Step 3: You will be asked to log in through your mobile number, which will be reverified through an OTP.

Step 4: You will be redirected to the application form of Fullerton India, where you will have to fill in the details like: Personal, professional and income. You also need to mention the loan amount you are applying for.

Step 5: You will be required to upload some documents like:

  1. Duly filled and signed application form
  2. Proof of identity
  3. Proof of address
  4. Proof of age
  5. Salary slips for the last three months (for salaried)
  6. Bank statement for the last six months
  7. Income tax returns or form 16
  8. Proof of Income / financial statements (for self-employed)

Step 5: Recheck all the mentioned details and submit the form.

Once the above process is done, your application will be analysed and based on that you will receive a call from the customer care executive, who will inform you about the loan terms.

Conclusion

A personal loan is available for both salaried as well as a self-employed individual. Based on the loan terms offered, you can pick the lender of your choice.

Must Read: Get Online Instant Cash With An Instant Personal Loan From Fullerton India

How to Manage your Personal Loan?

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Due to fluctuations in the economy, interest rates and the buying behaviour, repayment of loans is made to look more challenging. Many borrowers find themselves in tricky situations where they are unable to pay the EMIs or make late payments, and it is hard on their pockets.

If you are going to personal loan apply online must know the tips for managing instant loans smartly will help you reduce credit burden and pay off your loan easily.

Tips to Manage Personal Loan:

  • Making a budget

Establishing a budget when you are repaying a loan is incredibly important. Since you are aware that you have to make monthly payments, it makes sense to allocate certain chunks of money to your monthly expenses. Rent, groceries, shopping etc. should all be accounted for at the beginning of the month. Same goes for the loan. Be sure of every payment you made and make a budget out of it too. You should have an excel sheet, where you have accounted for the processing fee for a personal loan as well.

More important than even making a budget is undoubtedly sticking to it. Sticking to what you have decided for your expenses will help you stay on top of finances and take out money for repayments also. Having a budget and sticking to it is the golden rule to repayment.

  • Set a reminder 

Setting reminders for paying your monthly EMI can be of so much help. Not only will it make your payments on time, but it will also lead to an improved credit score.

While personal loan apply online, some lenders provide the option of sending you reminders or E-mails to know when and how much is due as EMI for a specific month. If provided, choose that option. It will only help you repay on time and avoid all the late payment stress. 

Repayment of a loan is not as stressful as popular discourse has made it out to be. It can be easy and manageable in case borrowers take care of a few things.

Must Read: How to Avail Instant Personal Loan Online in India?