June 12, 2024
Finance

Different Methods to Track your Personal Loan Status

Personal loan

Introduction

A personal loan has become one of the most popular avenues to seek immediate funds. The personal loan application process is simple, with quick fund disbursal. However, as you submit your loan application, you might begin to wonder if your application was accepted or rejected.

Tracking your personal loan status is simple, and it reduces panic. You may select online or offline modes to check your loan application status. This article presents a study on how to apply for a personal loan and the various methods to track personal loan status.

Applying for a personal loan

Multiple financial institutions may offer personal loans. While some lending institutions may provide attractive interest rates, hidden charges may be associated with the loan conditions. You must thoroughly assess the different lenders before applying for a loan.

Fullerton India fulfils personal loan requirements by offering instant personal loans up to Rs. 25 lakhs with interest rates starting at 11.99% per annum for 60 months, implying EMIs as low as Rs. 2,244 per month at no hidden charges. Moreover, Fullerton India ensures quick fund disbursal shortly after application approval to meet your personal loan requirement. 

Eligibility Criteria

Fullerton India requires you to meet the basic eligibility criteria to qualify for a personal loan, as given below

Eligibility Criteria Factors Qualifying constraints
Age Your age must fall between 21 to 60 years.
Monthly Income Your monthly income must be at least Rs. 20,000. This will increase to Rs. 25,000 if you reside in Delhi or Mumbai.
Credit Score A CIBIL of at least 750 is required to qualify for a personal loan.
Work Experience You must have at least one year of work experience with six months of experience in your current organisation.

Documentation

Personal loans require basic documentation, as presented below

Primary Documentation

PAN Card

Identity Proof

Address Proof

Signature Proof

Last six months’ bank statements

Salaried Individuals

Salary slips for the last three months, and income tax returns or form 16.

Self-employed individuals

Business proof (Licence, GST number, registration)
Last two years’ balance sheet, income statement and income tax returns
IT assessment or clearance certificate
Income tax challans, TDS certificate or form 26 AS of income declared in ITR.

 

How to apply for a personal loan?

Applying for an instant personal loan at Fullerton India requires you to follow the below steps.

Step 1: Visit Fullerton India’s website and click on apply now.

Step 2: Enter your contact details and select your current job description, i.e. self-employed or salaried.

Step 3: Verify your contact number through the OTP sent to you.

Step 4: Enter the loan amount and your desired repayment tenure.

Step 5: Enter additional details such as personal information, banking and employment details.

You may also visit your nearest Fullerton India branch to apply for a hassle-free personal loan or call our customer care or chatbot, Dia.

Tracking Personal Loan Status

Fullerton India’s application tracker allows you to get an update on your personal loan application status.

Step 1: Visit Fullerton India’s website and “check your application status” page.

Step 2: Enter your loan application details, such as your application ID and contact details.

Step 3: Click the arrowhead button on the right-hand side to know your application status.

Alternatively, you can also know your application status offline.

  • Contact our customer care representatives at 1800-103-6001.
  • Give a missed call at 9594763763 using your registered mobile number, and a customer representative will contact you within 24 hours.
  • Drop an email at namaste@fullertonindia.com
  • Visit the nearest Fullerton India branch to get the updated details on your loan application.

Conclusion

Applying and tracking personal loan applications has become simple and hassle-free. The loan approval process considers basic eligibility, minimal documentation, easy application tracking process and provides funds with a quick turnaround time. You may select one of the online or offline avenues to get an update on your loan application status.

 

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