Complete Process of Working of Fullerton Loan App

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Emergencies can occur anytime. It could be at night or when you just emptied your bank for that car. During such situations, two main things need to be addressed; time and location.

Emergencies mean an urgent need for money, so you don’t usually have time to go to an office to apply for the loan and wait for the sanctioning process.

It also means you are in a position that makes it difficult for you to reach your usual go-to bank during the time of emergency. At such times, you might wonder what the next step is. The next best step is to download the Fullerton loan app, as you can avail of loans within minutes.

This app lets you apply for a loan, check your eligibility, access loan details, etc. The best part is that it isn’t limited to only one type of OS; it is compatible with iOS and Android phones.

Procedure for Application on Fullerton loan app:

The procedure of applying for a loan is hassle-free and seamless. It doesn’t matter where you are or your reason for sanctioning the funds; you can apply for personal loans without worry. The app is currently only applicable for salaried individuals. Self-employed individuals can check out our website for availing of personal loans.

Let us go through the procedure:

For Android users:

  • Open Google Play Store and search for the ‘Instaloan’ app by Fullerton India; download and install the personal loan app on your mobile device once you find it. 
  • Upon opening, you will be asked to register an account. You can use your Google account, Facebook account or any other email address and password to register.

For iOS users:

  • Head to the Appstore on your apple phone and search for the Fullerton Instaloan app. Download and install the app.
  • After completion of installation, open the app and verify your phone number to begin using the app.

Common Procedure Steps

  • You must fill in your basic details in the application form like name, address, gender, date of birth, marital status, contact number, etc. 
  • Once you are done with the basic details, fill in your bank account information and income details. These include details such as your bank statements, salary slips of the past few months, etc. The bank account entered will be the bank account for sanctioning your loan. As in, the loan will be sanctioned to this registered bank account.
  • In this step, you need to scan and upload the digital documents asked in the list of documents. The approval of the loans will solely be based on the authenticity of the document and the information uploaded in the forms.
  • Finally, submit your application.

You will be informed about your eligibility within a few minutes of the submission of the application. Your application will be processed further if your application is found eligible. After successful verification of the submitted documents and the provided information, a loan agreement with the terms and conditions of the loan will be notified. After you send your acknowledgment, the loan will be approved. The loan amount will be disbursed to the registered account within a few hours.

Factors That Will Affect the Total Loan Amount:

Several factors affect how much loan amount you can sanction. The most important factors are monthly income, existing monthly payments, if any, CIBIL score (minimum of 750 CIBIL scores is necessary), bank account statements and employment history.

You can avail Rupees 25 lakhs if your score or value for the points mentioned above is high.

Documents To Keep Ready Before Application:

  • Photo
  • ID proof – PAN card or Aadhar card
  • Address Proof – Ration card or Electricity bill
  • Proof of Income – Latest Salary Slip
  • Bank Statement – Latest 

As mentioned above, this instant loan app is extremely helpful when in case of an emergency. You can avail of loans on the go. With a smooth documentation process, eligibility approval in minutes, and quick disbursal, this app has become one of the best apps for availing of personal loans.

Now that you know all the necessary details, what are you waiting for? Head to the Playstore/Appstore and download the app now. You never know when emergencies strike. Already having the instant loan app could save you time, although minimal.