Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Fullerton India Business Loans

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    Fullerton India Business Loans is Rated as "Pretty good" by 3023 Users

    Fees & Charges

    Promised Interest Rate

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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.

    Fullerton Personal Loan Offers

    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.

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  • Fullerton India Business Loans Reviews

    • Fullerton Personal Loan
      "Interest rate should be flexible as other competitor"
      0.5 2.0/5 "Expected more"
      The major reason which I was not taken loan from Fullerton India is interest rate, they offered the interest rate around 28% it is higher side compared to other competitor. Hence I don't have interest to process, I do have all proper documents but they are not flexible when it comes to interest rate.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 23, 2017
    • Fullerton Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      The prime reason why, I did not take the personal loan from Fullerton because they were offering me a lesser loan amount. I was requiring five lakhs and they offered me 1.2 Lakhs. The response was on time though and the interest rate and processing charges was normal.
      Was this review helpful? 0
      , madurai
      Reviewed on Jun 23, 2017
    • Fullerton Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      At present there is no loan requirement so that was the reason why I did not opt to avail loan from Fullerton India. Customer service and followup is really good with Fullerton. The rate of interest charged by them is very high when compared with others. Coming to their service it is good and I am very much satisfied with that.
      Was this review helpful? 0
      , mysore
      Reviewed on Jun 23, 2017
    • Fullerton Personal Loan
      "They have to work on service part"
      0.5 1.0/5 "Really Bad"
      I have not received any updates from Fullerton India what was going on, I keep on checking about my personal loan application status, they was no response. I thought it was under process, finally after a month I came to know my loan application got rejected. Fullerton India should provide time to time update through any kind of communication.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 22, 2017
    • Fullerton Personal Loan
      "Need to reduce the interest rate"
      0.5 1.0/5 "Really Bad"
      The Fullerton India is charging very high interest rates they are offering the Personal loans for almost 24% interest rate , which is double than normal banks interest rate, so that was the reason I haven't proceed with Fullerton India personal loan. The customer service and the response was good with Fullerton. I would like to say that Fullerton can reduce the interest rates in future.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 21, 2017
    • Fullerton Personal Loan
      "No Proper Response"
      0.5 1.0/5 "Really Bad"
      I applied for the personal loan with Fullerton. Then I had received a call from them where they said that they cannot provide the loan for me. Even everything is good like the credit score and the documents all are eligible for the loan but the bank did not provide the loan for me also not disclosed the reason for the same.
      Was this review helpful? 0
      , mysore
      Reviewed on Jun 20, 2017
    • Fullerton Personal Loan
      "Average Average "
      0.5 3.0/5 "Satisfactory"
      I have got the personal loan with the Fullerton with the interest rate as 17%, also the customer service was kind of okay. I would like to say that the loan amount got disbursed within ten to fifteen days of time. I am okay with the rate of interest.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 19, 2017
    • Fullerton Personal Loan
      "Communication part has to be improved"
      0.5 3.0/5 "Satisfactory"
      I have submitted all the documents to Fullerton, then there was no proper coordination on my loan process. No body have called me to inform about the application status. It would be good, if they give proper response to the customer's request that would be great.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2017
    • Fullerton Personal Loan
      "Quick process and high ROI"
      0.5 5.0/5 "Blown Away!"
      My experience with Fullerton was excellent. I got the personal loan within a week and also the amount as needed. The customer services and response was on time as I got updates. The interest rate was a bit high, it was of 17% and so was the processing charges. But for an emergence purpose one can use this.
      Was this review helpful? 0
      , ujjain
      Reviewed on Jun 17, 2017
    • Fullerton Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I felt Fullerton India interest rate is high but I am okay with that, my loan process was nominal. I got my loan amount from the bank without any hassles. Loan approved was around Rs.81,000 amount got credited around Rs.69,700, I am very much happy with their service.
      Was this review helpful? 0
      , cuttack
      Reviewed on Jun 16, 2017
    • Fullerton Personal Loan
      "Average "
      0.5 4.0/5 "Great!"
      I took the personal loan from Fullerton and the interest rate was around 22% and I want to close it because of some EMI date issues. Customer service is not really satisfactory also payment is not reflected on their system on an immediate basis, also I used to get calls a number of times for making the payment , though I have made it.
      Was this review helpful? 0
      , hosur
      Reviewed on Jun 16, 2017
    • Fullerton Personal Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      Interest rate was around 18.5% for the personal loan with the Fullerton and the loan amount got disbursed within two days of time. The response and other aspects are good one, also all things went in the good way. I got the loan on time itself.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 16, 2017
    • Fullerton Personal Loan
      "Interest rate and charges has to be reduced"
      0.5 3.0/5 "Satisfactory"
      Fullerton charged me high interest rate, they charged me around 21% of interest, where other banks are providing 16% of interest. When I checked the Fullerton interest rate in the online channel, it showed 19.5% as fixed interest, while processing my loan application with Fullerton, they charged around 21% it was very high and for Rs.2.4 lakhs of loan they taken Rs.14,000 as processing fee, insurance and other charges.
      Was this review helpful? 0
      , hosur
      Reviewed on Jun 15, 2017
    • Fullerton Personal Loan
      "Interest rate and charges has to be reduced"
      0.5 4.0/5 "Great!"
      Everything went fine, apart from the interest rate and charges was too high. I took the loan amount of Rs.5.20 lakhs but the amount credited only Rs.4.97 lakhs nearly Rs.25,000 they deducted for processing fee and other charges . Fullerton charged 18.5% of interest it is high, if its better if they reduce the interest rate and charges that would be convenient to all.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jun 15, 2017
    • Fullerton Personal Loan
      "Customer friendly service"
      0.5 5.0/5 "Blown Away!"
      Fullerton offered me a reasonable interest rate, they were very prompt and they explained everything very patiently. I had taken the amount of one lakh with an interest around 11.9% its for the tenure of four years. I am very fine with Fullerton, I don't have any issue till date.
      Was this review helpful? 0
      , pondicherry
      Reviewed on Jun 14, 2017
    • Fullerton Personal Loan
      "Could reduce the rate of interest"
      0.5 3.5/5 "Pretty good"
      Rate of interest was around 21% to 22% for the personal loan with the Fullerton and the customer service was a kind of okay. Response was good one with the Fullerton. Customer service was fine one with the Fullerton. I have expected around 16% to 17%.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 14, 2017
    • Fullerton Personal Loan
      "Efficient Employee"
      0.5 4.0/5 "Great!"
      I had received good response from Fullerton when I approached them for the personal loan. The rate of interest is little bit high with them. But my application got approved in the beginning and it was rejected and again it got approved, I do not know what happened exactly. But the person who was looking after my application was very prompt. His name is Mr.Rakesh, he is so efficient in working on the loan process. I would like to give good ratings only because of Mr.Rakesh and his service. I would say that the work has been done graphically but the initial momentum was very slow with Fullerton.
      Was this review helpful? 0
      , ranchi
      Reviewed on Jun 12, 2017
    • Fullerton Personal Loan
      "Excellent "
      0.5 4.0/5 "Great!"
      Fullerton had offered the rate of interest as 25% and that's why I had not taken the personal loan from them. I am expecting the rate of interest to be around 15%. In future, if Fullerton offers the least interest rate , I would like to opt for their services.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jun 10, 2017
    • Fullerton Personal Loan
      "Best service provider"
      0.5 3.5/5 "Pretty good"
      Rate of interest for the personal loan with the Fullerton was around 22%, which was okay for me. The loan amount got disbursed within fifteen to twenty days of time. Response is good one with them and the verification was done in a very good way with them. Processing charges were really huge with them.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 08, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan with the Fullerton because I got the offer only with them. Rate of interest was around 19% , also am happy with them. Processing charges were around 1100 Rupees and the loan amount got disbursed to my account within three days of time.
      Was this review helpful? 2
      , hosur
      Reviewed on Jun 08, 2017
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