Are you facing a liquidity crunch? What you need immediately is some instant cash in hand to handle it. You might require funds might for a medical or some unplanned expense, or an instant vacation or a desire to buy a new phone. What you need then is quick cash, and that can be availed easily through a personalloan, and you are covered comfortably in time. 

Personal loans get the highest priority for disbursing the amount to the client at the earliest with money to be put to instant use. Personal loan EMI calculator of Fullerton India gives you the accurate figures on your screen considering your income, other financial commitments, interest rates, loan tenures, and thus calculates your EMIs.

Whenever having a financial shortfall, the initial instinct is to try to get some quick cash, and that is conveniently available at your fingertips; all you need to do is – apply personal loan online.

Points to note when applying for a personal loan online

• Evaluate and estimate the exact loan amount you require and then apply for the loan.
• Please take into account any existing loan or credit card payments that you are currently paying; it will help determine the EMI you have to pay monthly.
• Find out from the lender about eligibility conditions to see if your qualify for the loan or not. 
• Check with the lender on the interest rate offered by them. Also, compare the interest rates with other online lenders.

How does one apply for a personal loan online?

Before applying for the loan, it is advisable to check your CIBIL Score; this turns out to be beneficial for the applicant in two ways; 
One is that the chances of getting the required amount approved are higher and, second, better the CIBIL score lower the interest rates.

1. Fill the application form.
As the process to apply for a personal loan is available online, it is simple enough to be attempted by any individual. The personal, financial, and all the other details are to be mentioned accurately by the applicant.

2. Select the amount required
This step is very crucial as all the EMI calculations have a base on the principal amount you select. The personal loan EMI calculator of Fullerton India helps to check the details of interest rates, EMIs, and the repayment tenure, based on which you can decide further.

3. Documentation and Verification
Identity proof, along with the financial details of the applicant, is verified before approving or rejecting the loan proposal. These personal loan documents also help to ascertain whether the applicant meets the eligibility criteria or not.
The documents required for loan approval are as follows:

• Proof of Identity (Aadhar card, Driving License, etc.)
• Proof of Address (Ration Card, Aadhar Card, etc.)
• PAN Card
• Salary Slips (for the salaried applicant) or income statements (for self-employed)
• Bank statement

4. Receive the amount approved
Once the applicant meets the eligibility criteria, the loan is approved, he/she receives the amount approved in the bank account in a short time. The amount you receive can be of use to any of your personal requirements without any restrictions.

Conclusion

In a situation of a financial crisis, instant cash and quick approvals are the most crucial thing you require. At Fullerton India, through its fast and simple online process, personal loan EMI calculator, and minimum documentation, it is convenient to apply for a personal loan and get it approved with the highest priority with the amount disbursed in a short time. It is necessary to understand the repayment tenures and to regularly make the payments of the EMIs to maintain credit score and get any loan approved quickly for your next requirement.