Do you think of friends on whom you can rely on for borrowing money during emergencies? Well, we have one for you. A personal loan is a great friend to secure funds and fix all your financial crises. While several lenders are available online, Fullerton India is a highly renowned personal loan lender, which helps individuals get access to emergency funds without any collateral.
You can now get access to loan amounts up to Rs 25 lakh with minimum documentation at a flexible personal loan interest rate from Fullerton India. If you wonder about situations where you can use Fullerton India Personal loan, this article will answer all your queries.
Where can the Fullerton India Personal Loan be used?
Emergency funds are finances that you require in 2-3 days. With Fullerton India, you can now get a personal loan for the following purposes:
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Medical emergencies
With increasing medical and hospitalisation costs, healthcare has become very expensive. Even with health insurance, individuals are having a tough time paying the bills. It is the reason why medical emergencies are the top cause to get a personal loan.
If you too have a medical emergency to finance, then Fullerton India is your best option. In emergencies, the Fullerton India personal loan is a lifesaver, as you can get the loan amount in less than 24 hours after approval.
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Debt consolidation
If you have availed some costly open line of credit such as credit cards where the interest rate is very high and can drain all your finances. For loans like these, you must get rid of them as soon as possible to not have too much debt to pay. If you also have many outstanding loans that are putting a strain on your finances, a personal loan is a good option for debt consolidation.
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Wedding expenses
A big fat wedding is a common thing in India, and with that comes several expenses that sometimes spiral out of control. Despite proper planning, the wedding expenses can go out of hand. With such a high cost, you may require some instant funds. All you have to do is apply for a personal loan and get all your wedding finances sorted.
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Higher education expenses
Your dreams are important, and so it is vital to get an education from a good college. It can involve many expenses, such as academic fees, living costs, travel expenses, and other expenses. While it may be difficult to finance all this from your savings, Fullerton India's personal loan can help finance your education.
Whether you are planning for studies or planning to finance your child's education, you can apply for a personal loan and meet the higher education expenses.
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Home repair and renovation
The home design is also evolving as new trends emerge, so you may plan home repair and renovation. A damaged wall or ceiling right before monsoon can now be fixed through Fullerton India's home improvement loans.
These repairs and renovation can't wait for weeks, so with the funds from an instant personal loan, you can get your home repair done on priority.
Conclusion
Personal loans can significantly reduce dependency on your savings for meeting immediate expenses.
You can choose what is your requirement and plan your loan accordingly. The online personal loan EMI calculator will also help determine the monthly EMI that you will have to pay and allow you to plan your budget even before you actually apply for the loan. The personal loan interest depends on an applicant's loan repayment capacity, credit score, loan amount and tenure of the loan.