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Thursday, March 3, 2022

Why is Fullerton Loan App Best Choice During Financial Crunch?

 Most of the time, a financial crunch arrives suddenly due to a medical emergency, urgent home repairs, last-minute wedding hassles, spontaneous vacation, etc. Covering expenses during such times is inevitable, but what if you do not have enough savings or you do not want to exhaust your savings all of a sudden. 

This is where the Fullerton India Personal Loan App comes as a rescue. It is a personal loan app launched by Fullerton India, an Indian NBFC having served more than 2.3 million customers since 2007. 

If you are in a financial crunch looking for urgent cash, let’s see why the online loan app from Fullerton India will be the best choice for you.

Reasons why to Choose Fullerton Loan App:

  • No Need to Submit Collateral

Fullerton India offers unsecured personal loans, which you can avail of without any guarantor, collateral, or security. If you fulfil the lender's eligibility criteria and have a minimum score of 750 or above, you can get your loan approved within minutes, right from your smartphone.

  • Instant Loan up to ₹ 25 lakhs

Any salaried employee earning a minimum salary of ₹ 25,000 (for residents of Mumbai or Delhi) or ₹ 20,000 (for residents of any other Indian city) can apply for a personal loan of up to ₹ 25 lakhs through the instant loan app. Self-employed professionals with a minimum turnover as specified by the lender can also apply for a personal loan and get approval instantly. Once approved, you may get your loan amount credit into your account within 24 hours. 

The FullertonIndia InstaLoan app is an instant loan app that borrowers can quickly receive funds during a financial crunch. The process is straightforward and paperless, which takes away your cash requirement with just a few taps on your phone screen.

  • Competitive Interest Rates

Applying for a personal loan urgently does not mean you have to pay a higher interest rate than usual. At Fullerton India Personal Loan App, you get competitive interest rates that do not add to your cash crunch during an emergency.

  • Easy Access To Instant Funds

One of the significant benefits of using the FullertonIndia InstaLoan app is the ease of application it provides. The instant online procedure followed by the lender is the most lucrative benefit. Simply install and download the app on your smartphone, provide your personal, employment, and bank details, and scan and upload the required documents. 

You can do all this within minutes and get your loan approval instantly. You can avail of the loan you require online without leaving your home. The app supports 100% digital and paperless loan procedures. Once approved, you may receive your funds directly in your bank account within 24 hours.

  • Paperless and Hassle-Free Documentation

Fullerton India supports 100% paperless documentation, which means you can simply scan and upload your required documents. If you are a salaried employee, you must provide your identity, income, and residence proof. Your financial records include your bank statements, IT returns, form 16, salary slips, etc. Self-employed professionals must provide their balance sheet, IT returns, IT assessment, business proof, TDS certificate, income tax challans, etc. 

You don’t need to visit the lender’s office to submit these documents. The app allows easy document upload, which is the godsend during a financial emergency or cash crunch. It will help if you keep your documents already scanned and prepared for upload. You would want to avoid this hassle during an urgent cash need.

  • Flexible Repayment Tenure

When you apply for an instant loan from Fullerton India online loan app, you don’t need to worry about your loan repayment. The lender allows you to choose 12 to 60 months of loan tenure suitable to your repayment capacity. 

Use a personal loan EMI calculator, an online tool to calculate EMIs according to the loan tenure you select. The longer tenure you opt for, the smaller will be your EMIs and vice versa. Therefore, choose a loan term according to your monthly budget and repay it smoothly without adding to your financial burden. 

Must Read: Why Personal Loan Apps Are Revolutionising Credit in India

All the reasons mentioned above make Fullerton India Personal Loan App the best loan app to deal with a financial crunch. It controls the cash crunch situation with emergency funds accessible within hours. You may settle your finances using this loan app and immediately get the needed cash in your account.

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