Multiple banks. Different interest rates. Call it a "conflict of interest".
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 3266 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

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    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
      "Average service"
      0.5 3.5/5 "Pretty good"
      The loan amount offered by Fullerton personal loan department was 80k ,I feel the rate of interest they offered me was little high compared to others ,the documents have been collected from my door step. The customer support was prompt it was a good experience with Fullerton personal loan department.
      Was this review helpful? 1
      , kanpur
      Reviewed on Dec 14, 2017
    • Fullerton Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am having the personal loan with the Fullerton and the interest rate is huge one. The loan amount got disbursed within fifteen to twenty days of time. Response and other things are really good one with the Fullerton.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 14, 2017
    • Fullerton Personal Loan
      "Not bad"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan with FULLERTON. The loan process was quick but after 2 weeks only they have sanctioned the loan. I have taken 1 lakhs and the interest rate was 34% which was very high comparing to other banks in the market. They did not provided door step service for collecting document which was bit disappointing and the processing fee was 17,000.
      Was this review helpful? 1
      , belgaum
      Reviewed on Dec 09, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have my personal loan with FULLERTON. The customer service and responses was up to the mark. The loan amount was 4.75 lakhs and the interest rate was 18.5% which was very high They have sanctioned the loan with the committed time but the processing fee was 2.5% . My overall experience was good.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 08, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Fullerton .They have given the loan amount.I got a good experience banking with them. They had immediately responded to my request and shared the complete details.Net banking is convenient to make the payments.
      Was this review helpful? 0
      , aurangabad
      Reviewed on Dec 08, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Fullerton. The loan amount is 1.57 lakhs,rate of interest is 13% low as compared to other banks.They had processed the request within 25 days.I make payments through ECS.The executives had shared the complete details.
      Was this review helpful? 0
      , nanded
      Reviewed on Dec 08, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The loan disbursement was done within 10 to 12 days of time from Fullerton. The executives haven't came to my place to collect the documents, I went their office to submit the required documents. I haven't got the required loan amount from Fullerton. The customer support is average with Fullerton.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 07, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      The loan process was faster with Fullerton . Rate of interest was high compared to other banks. They charged processing fee around 4000 rupees. First I submitted the documents on online and again hard copy was given to the branch. There was one delay on the loan disbursement on the promised date.
      Was this review helpful? 0
      , madurai
      Reviewed on Dec 06, 2017
    • Fullerton Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      My personal loan was taken with Fullerton Bank through online portal. The rate of interest was 18%, which was very high compared to other banks. I have submitted my documents online. The process was faster and paperless approval. I make the payment through ECS.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Dec 06, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The loan experience was good with Fullerton. The customer service has called me on time and provided the information. The documentation process was easy and provided a doorstep service. The rate of interest was little bit more compared to other banks. They have sanctioned the loan on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 05, 2017
    • Fullerton Personal Loan
      "Interest and charge should be reduced"
      0.5 4.0/5 "Great!"
      The concern person who approved my loan, he told my interest was around 16 to 18% but finally Fullerton charged me 21% of interest and also they charged me Rs. 9000 as a processing fee. I applied for Rs. 1.70 but they only approved Rs. 1 lakh, amount credit around Rs. 91,000 from the account.
      Was this review helpful? 0
      , kolkata
      Reviewed on Dec 05, 2017
    • Fullerton Personal Loan
      "Looking for better interest Rate"
      0.5 5.0/5 "Blown Away!"
      They are very helpful, Fullerton executive coordinated well with me for the personal loan process. But interest high was very high they charged around 33% of interest, for the loan amount Rs. 1.25 lakh it has the tenure period of five years. It would be great if they reduce the rate of interest.
      Was this review helpful? 0
      , guwahati
      Reviewed on Dec 05, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with Fullerton. The customer service was okay, after document collection the process has been delayed. After one week they did the disbursement. The rate of interest was bit high and they charged processing fee. I can pay EMI of 2400 rupees rather paying 52 days broken interest fee around 4000 rupees. There was no proper intimation.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      The loan process was good with Fullerton . The customer service and response was satisfactory. They had sanctioned the loan on time. I have taken 1L and 4K, for EMI charging 4800 rupees. It was paid through net banking. The rate of interest was little bit on the higher side when compared to other bankers.
      Was this review helpful? 0
      , mangalore
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Good service but interest rate to be reduced"
      0.5 5.0/5 "Blown Away!"
      The rate of interest was high compared to other banks otherwise I don't have any issues with Fullerton. They processed the loan very fast and informed properly. The customer service and response was good. They have offered around 1.68L. The documents are submitted to the branch directly.
      Was this review helpful? 0
      , vellore
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Documentation process should be simpler"
      0.5 3.0/5 "Satisfactory"
      I have lots of issues with Fullerton India, I undergone with lots of documentation process, I had tough time with them. But I would say their Interest rate is nominal for the personal loan. I would like to suggest their loan process and authentication should be simpler.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Fullerton India done a quick process, within four days they sanctioned the loan amount. Initially they told my EMI amount is around Rs.5883, but now Fullerton executive told it would be around Rs. 6600. I am not sure about my EMI amount at all and I didn't loan statement. I took the 1.55 lakhs for the tenure of 48 months.
      Was this review helpful? 2
      , salem
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I have applied personal loan for Rs,1,50,000 but I have got Rs,1.0,100. The customer support was good with the Fullerton, The service was good with the Fullerton personal loan concern. The rate of interest was 13% which is very high when compared with other banks.
      Was this review helpful? 0
      , jabalpur
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Needs to improve on Customer Service"
      0.5 1.0/5 "Really Bad"
      My personal loan application was rejected with FULLERTON, the reason was; there was no proper response from the customer service after the application was submitted. There was no follow up done and my experience was not good. The rate of interest was way high when compared to other sources.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 02, 2017
    • Fullerton Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Rate of interest was around 13% for the personal loan with the Fullerton, also the loan amount got disbursed within three to four days of time. I am happy with the Fullerton, also I have not faced any issues with them.
      Was this review helpful? 0
      , banswara
      Reviewed on Nov 29, 2017
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