Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Fullerton India Business Loans is Rated as "Pretty good" by 3151 Users

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    Fullerton India Business Loans

    Overview about Fullerton India Business Loans

    Established in 2007, Fullerton India has steadily rose in ranks considering the trust of entrepreneurs and business owners in terms of financing. The business loans offered from Fullerton India are aimed towards micro and small enterprises and are meant to facilitate growth and expansion as business opportunities present themselves.

    Where can Fullerton India Business Loan be used?

    Fullerton India Business Loan can be utilised for repaying any large debts or expenses, buy additional stock or raw materials or equipment, thus aiding in the expansion of business. These loans can be availed without collateral which would make even start-up entrepreneurs comfortable with the terms.

    Who can apply for Fullerton India Business Loan?

    The loan provided can be availed specifically by all resident individuals who own businesses that generate an annual turnover of INR 10 lakhs to INR 100 crores. In addition to that, the business should have been functioning for 3 years with positive trends in turnover and profit for the last 2 years. Income tax statements for the last 2 years should be projecting taxable income of more than INR 2 lakhs per annum. Entrepreneurs should be at least 27 years of age in order to be eligible for applying for this loan. In case one is a non-professional, the minimum age limit is kept at 25 years. At the time of loan maturity, the applicant should be 65 years or age or younger.

    What are the loan limits?

    Business loans from Fullerton India can be availed up to INR 50 lakhs, depending upon the income level and creditworthiness of the business. This loan is available without collateral to entrepreneurs or businesses in the Manufacturing, Trading and/or Service industry.

    Loans can be repaid across a tenure of 12 months to 48 months and a pre-closure facility is also available wherein a loan can be closed after 6 months of availing it. Applicable prepayment rates can range between 3-4% per annum.

    Apply for Personal Loan

    What are the interest rates?

    Interest payable on Fullerton India Business Loan varies as per the credit rating of the applicant and the relationship of the bank with the customer. The rates are based on the discretion of the financial institution. The applicable rate of interest could be anywhere within 13 to 17% per annum at a floating rate and is linked to the prime lending rate of Fullerton India.

    The mentioned interest rates are as of November 2015.

    What are the documents required?

    • Proof of Identity (Passport Copy, Voter ID, Driving License or PAN Card)
    • Address Proof (Ration card, Telephone Bill, Electricity Bill, Rental agreement, Passport copy, Bank Passbook/Statement or Driving License)
    • Bank Statements (Bank statement or Bank Passbook of the last six months)
    • Latest Income Tax Returns complete with computation of Income, Balance Sheet and Profit & Loss Account for the past two years
    • Partnership Deed or Board Resolution
    • Proof of number of years in business (Trade license, Establishment or Sales Tax Certificate, MOA (Memorandum of Agreement) or Partnership Deed)

    How to apply for Fullerton India Business Loan?

    This financing can be applied for online at Fullerton India’s website or at any physical branch. One should possess the necessary documentation to be submitted at the time of applying for this financing option.

    Fullerton India Business Loans Reviews

    • Fullerton Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I felt the experience with Fullerton to be very good. The whole process took very little time. The paper work involved were minimal. I felt the rate of Interest also to my liking, I found a correct Financial service in the correct time. Their customer service is also good.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 16, 2017
    • Fullerton Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I experienced a bit of delay with FULLERTON for the personal loan. It took at-least 20 to 25 days to get the loan amount. The process of document collection was smooth, where an executive came over and collected the documents on time at one shot and everything was fine. The rate of interest was quit high and the processing charges as well
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 15, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The Fullerton personal loan tenure is for 4 years. The rate of interest which they have offered was high when compared with others. The customer service is good with Fullerton and they just taken 4 days to disburse my loan amount. I am satisfied with the loan amount.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 14, 2017
    • Fullerton Personal Loan
      "Bad"
      0.5 1.0/5 "Really Bad"
      Customer service was not up to the mark i would say for FULLERTON INDIA . They provided me 33% of floating rate of interest which was serious high and the processing fee they charged was 6k they did not approve me the whole amount they only gave approval of one lakh as i asked for two 2 lakh . They charged me twelve thousand for no reason and every thing was told me to in a proper way.
      Was this review helpful? 0
      , belgaum
      Reviewed on Oct 14, 2017
    • Fullerton Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Customer service was good one with the Fullerton and the response was fine with them for the personal loan. I am totally happy with the Fullerton and I don't have any issues with them.
      Was this review helpful? 0
      , bhopal
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "Satisfied"
      0.5 3.5/5 "Pretty good"
      I have got the personal loan with the Fullerton for the interest rate as 33%. I would like to say that the customer service was good one for me and the loan amount got disbrused within a week of time.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from FULLERTON, i am very happy that my loan application was approved and the required loan amount was disbursed. The customer service and response was very good, i did not expect that the process will be very fast and my loan amount was approved within a week so i am very much satisfied. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Fullerton was good in the services and process and the experience has been good.The drawback is I did not get the loan as per my expectations,They have charged me so much and the Rate of Interest was also very high,need to look into it,Fullerton took normal time to complete the process, and their services where good and the executive came and collected the documents It took with in a weeks to complete the entire process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Fullerton was good in the services and process and the experience has been very good as I got the loan as per my expectations.Customer service and response was good. Fullerton took normal time to complete the process, and their services where good and the executive came and collected the documents It took 20 to 25 days to complete the entire process.Honestly speaking the loan would have got disbursed before hand, as I was not in station the process was extended a bit.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "Nice site"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com site is very nice and quick loan Very good service as of now. Customer service is very good, response is very fast and as per customer's convince. Multiple options for customer to choose with, be it any type of product, customer response, etc. Over all bankbazaar is doing a great job.
      Was this review helpful? 0
      , thane
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "Huge Interest Rate"
      0.5 1.0/5 "Really Bad"
      It was an emergency that I took a loan with Fullertron, and that would all be the reason. I had a very bad experience with them. First of all I asked for Rs.1 Lakh but the amount that got approved was Rs.83000. When it came to hand the actual amount that I recieved was around Rs.72000. With the interest rate of 33% the whole thing looks to redicolous to handle.
      Was this review helpful? 0
      , bharuch
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      Fullerton executive came to my place and collected my required documents and they have done with their verification process. They have taken around a week time to disburse my loan amount. The rate of interest is high with Fullerton when compared with others. I got the insurance along with the personal loan but they haven't provided new health cards.
      Was this review helpful? 0
      , guntur
      Reviewed on Oct 12, 2017
    • Fullerton Personal Loan
      "Overall process is good"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan from Fullerton and the process is excellent. I got the loan on time and I am happy that the loan amount that was disbursed as per my request. I was also comfortable with the interest rate and processing charges. It is normal.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Oct 12, 2017
    • Fullerton Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      Fullerton India gave me 33% of interest it was extremely high. Hence I transfered the loan into ICICI, I took the amount of Rs.1 lakh for the tenure of four years. Fullerton charged me balance transfer processing fee as Rs.7000 its really bad.
      Was this review helpful? 0
      , jorhat
      Reviewed on Oct 12, 2017
    • Fullerton Personal Loan
      "Very high interest rate"
      0.5 2.0/5 "Expected more"
      The application process was very simple and took me very few days to complete all the formalities. I had a good experience with them. To be frank the interest rate of 27.5% is very high. They informed me that rate of interest would be reduced but nothing as such has happened untill now.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 12, 2017
    • Fullerton Personal Loan
      "Service is good. But very high on rate of interest"
      0.5 4.0/5 "Great!"
      Overall it was very good experience Fullerton for the personal loan. The process was on time. My paper work was collected on time and the loan amount was as per my expectation. The major drawback is the extreme high rate of interest. I was offered a rate of around 30%.
      Was this review helpful? 0
      , guwahati
      Reviewed on Oct 12, 2017
    • Fullerton Personal Loan
      "average service"
      0.5 2.0/5 "Expected more"
      I am not happy with the service of FULLERTON ,I have submitted 60 % of my documents which they as still there was no proper response from them ,customer service is not even helpful ,I am very much disappointed with their overall service of FULLERTON for my personal loan service.
      Was this review helpful? 0
      , eluru
      Reviewed on Oct 11, 2017
    • Fullerton Personal Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      It has not been a very satisfactory experience also with Fullerton the loan amount which i opted for that i dint receive,Initially they said the loan amount i opted for is 1.9 laks.later they informed me that loan amount 1.9 cannot be process only 1.3 laks can be processed when i asked y this much low amount they said they can process this much only,,documents have been submitted my myself,i did not receive any statement Rate Of Interest was 33% and processing fee was 10000/- and 6000k was charged separately that which i don't know for what. I applied loan on 25th of Jan and received amount on 3rd Feb.
      Was this review helpful? 0
      , jabalpur
      Reviewed on Oct 09, 2017
    • Fullerton Personal Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      It has not been a very satisfactory experience also with Fullerton the loan amount which i opted for that i dint receive,Initially they said the loan amount i opted for is 1.9 laks.later they informed me that loan amount 1.9 cannot be process only 1.3 laks can be processed when i asked y this much low amount they said they can process this much only,,documents have been submitted my myself,i did not receive any statement Rate Of Interest was 33% and processing fee was 10000/- and 6000k was charged separately that which i don't know for what. I applied loan on 25th of Jan and received amount on 3rd Feb.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 09, 2017
    • Fullerton Personal Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      My personal loan with FULLERTON was good It was 4 to 5 years before.It met my exception level for the loan and In term of interest and process fee was really high when compare to other bank its around 35% Rate of Interest.Overall inexperienced and ineffective.Everything was OK Just Rate Of Interest was high that disappoints me.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 08, 2017
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