Fullerton India Personal Loan Eligibility

Fullerton India Personal Loan Eligibility Calculator is an online financial tool which helps in Fullerton Personal Loan eligibility check when opt for Fullerton Personal Loan apply online. Using Fullerton India Personal Loan Eligibility Calculator, you get a clear idea of your eligibility when you are thinking of Fullerton Personal Loan apply online. For Fullerton Personal Loan eligibility check you need to enter details like- your residing city, your birth date, current monthly income, and monthly expenses. To overcome any financial liability, you can go for Fullerton Personal Loan eligibility check using Fullerton India Personal Loan Eligibility Calculator before you opt for Fullerton Personal Loan apply online.

What are the ways of computing Fullerton India Personal Loan Eligibility?

Using Fullerton India Personal Loan Eligibility Calculator for Fullerton Personal Loan Eligibility check, your chances of personal loan rejection narrows down to zero. With Fullerton Personal Loan eligibility check you can easily opt for Fullerton Personal Loan apply online keeping in mind that you have a stable job with higher salary, higher repaying capacity and cibil score.

For computing Fullerton Personal Loan eligibility check using Fullerton India Personal Loan Eligibility Calculator, following two methods are used-

• Multiplier Method

  The bank applies a multiplier based on your net salary and company profile under this method.
  
  Fullerton Personal Loan Eligibility= Net take home salary*multiplier of 9 to 22
  
  Higher the take-home salary and company profile, higher will be the multiplier. Fullerton Personal Loan Eligibility will be high if your salary and company profile is high.

• FOIR

  Fixed Obligation Income Ratio is commonly known as FOIR. For fixed obligations like EMI payment of loans or credit card bills, the FOIR is calculated.
  
  FOIR= (Sum of fixed obligations/Net take home salary)*100
  
  Your fixed obligations must not be above 50% of your income and 75% for high earning customers. Or else, Fullerton Personal Loan Eligibility will be low.

Which parameters affect Fullerton Personal Loan Eligibility Calculator?

Fullerton Personal Loan criteria are that it is an unsecured loan which does not require any collateral to mortgage. So, Fullerton Personal Loan Eligibility is really high for a personal loan.

Here are the parameters which affect Fullerton Personal Loan Eligibility Calculator-

• Age

  Fullerton Personal Loan Eligibility is affected by the applicant’s age. Your age must be within 21 and 58 years. The more you are younger, the higher is Fullerton Personal Loan Eligibility. The closer you are to the maximum age limit, the lower will be Fullerton India Personal Loan Eligibility.

• Residential Address

  Fullerton Personal Loan Eligibility will be high if you have your own house and stay in it compared to the rented house. Your own house contributes to trust factor increases Fullerton Personal Loan Eligibility. But if you stay in a rented house, it lowers Fullerton India Personal Loan Eligibility criteria.

• Credit Score

  One of the important parameter that affects Fullerton India Personal Loan Eligibility criteria are your credit score. It is your creditworthiness and repaying capacity. Higher the CIBIL Score, higher will be Fullerton Personal Loan Eligibility when you opt for Fullerton Personal Loan apply online.

• Existing Liability

  Fullerton Loan Eligibility will be lower if you have any existing liability like- EMI of loans or credit card bill payments. So, you must pay off all your debts before you opt for Fullerton India Personal Loan apply online, which will increase Fullerton Personal Loan Eligibility.

• Employment

  A stable job with a high salary will positively affect Fullerton Personal Loan Eligibility criteria. In case of salaried individuals, company profile under CAT A list working for at least 1 year will lead to higher Fullerton Personal Loan Eligibility. Minimum 5 years of experience is required to have a high Fullerton Personal Loan Eligibility criteria for self-employed individuals.

• Location

  Your geographical location plays a vital role in Fullerton Personal Loan Eligibility check using Fullerton India Personal Loan Eligibility Calculator. Residing in an urban area or metropolitan city helps in increasing Fullerton Personal Loan Eligibility. But if you reside in a rural area, it will lower Fullerton Personal Loan Eligibility.

Fullerton India Personal Loan Eligibility Criteria