The best place to get the lowest interest rate personal loan is the Fullerton India instant loan app. Here, an applicant may apply for a personal loan of Rs. 50,000 to Rs. 25 Lakhs, depending on their financial requirement and eligibility. Their interest rates start from 11.99% per annum, which is much lower than many other NBFCs in India.
Besides the lender’s policy, the interest rate depends on the applicant’s repayment capacity, income, loan tenure, credit rating, and several other crucial parameters. Here are a few tips to get the lowest interest rate personal loan on a personal loan app:
- Compare and select a quick loan app offering the lowest interest rate
- Maintain a credit score of over 700
- Stay consistent with EMI and credit card bill payments
- Pay off existing debts before applying for a new loan
- Select the shortest possible loan tenure to save on interest outgo
- Mention all income sources, including rental income and earnings from investments
- Avoid applying for multiple loans simultaneously
- Calculate expenses and borrow minimum
The Fullerton India instant loan app offers the most reasonable interest rates on personal loans. Besides that, it supports 100% digital application and documentation procedures, allowing applicants to borrow a loan using an app on their smartphone.
Additional Read: Selecting A Top Online Personal Loan Provider In India
