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

    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
    Rs.1000 Amazon voucher free 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 2975 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.

    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
      "Good and excellent"
      0.5 3.0/5 "Satisfactory"
      I haven't received any kind of status updation about my personal loan application. They have made a call and explained me about the product, after that they have not informed that why my loan got canceled. I would suggest Fullerton can work customer centric in future. Overall I can say I am satisfied with the service.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I did get a proper response from Fullerton after me applying for a personal loan They were on time to contact me and give me details. I did not wish to go ahead for the loan as the rate of interest and processing charges was very high from them but no other option I had taken with them with 22% Rate of Interest.
      Was this review helpful? 1
      , pune
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Not satisfactory"
      0.5 1.0/5 "Really Bad"
      Fullerton has not been responsive for my personal loan application. Initially I received a response and later there were no follow up calls to collect the papers. Not a very good experience. The interest rate and the processing charges was on the average side.
      Was this review helpful? 0
      , anantapur
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Satified service"
      0.5 1.0/5 "Really Bad"
      Fullerton charges very high interest rate in concern to the personal loan product, that was the reason , I haven't got the loan with Fullerton. In the other hand they gave good response and better follow up with my personal loan application. Overall I am satisfied with their service.
      Was this review helpful? 0
      , solapur
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Average service & high ROI"
      0.5 3.0/5 "Satisfactory"
      Fullerton contacted me initially for the personal loan and finally they did not come over to collect the documents as promised and there were no calls from them later. So I did not proceed for the loan and I went ahead with another bank. The interest rate was high as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      My current experience with Fullerton for the personal loan was good as well. The document collection and process is quick and they are recommendable only because of the fast process and for an emergency. But not for the rate of interest. I got a rate of 16% this time.
      Was this review helpful? 0
      , nagercoil
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Extremely High on ROI & charges"
      0.5 4.0/5 "Great!"
      My first experience with Fullerton for a personal loan was four years back. The rate of interest was extremely high. I was offered a rate of 24% and the processing charges was high too. The customer services are good and they are fast in the process.
      Was this review helpful? 0
      , nagercoil
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Improvement needed"
      0.5 2.0/5 "Expected more"
      Fullerton was not providing proper customer support service, they were actually providing a very late response also they were taking too much of time to provide the status of the product. The rate of interest is very high when compared with others and that was the reason why I cannot proceed further for the loan. I would suggest Fullerton to improvise their service.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "High on ROI"
      0.5 5.0/5 "Blown Away!"
      I did get a proper response from Fullerton after me applying for a personal loan. They were on time to contact me and give me details. I did not wish to go ahead for the loan as the rate of interest and processing charges was very high and I went ahead with another bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "High ROI & charges"
      0.5 3.5/5 "Pretty good"
      Since I was not in town I could not submit the documents for the personal loan at Fullerton. More over the rate of interest was extremely high and so was the processing charges. I got a rate of 19%. The services and response was on time to check on my requirement.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "Response has to be improved"
      0.5 2.0/5 "Expected more"
      I have applied for the personal loan before two months, there was no response from Fullerton, I didn't receive any welcome call regarding their loan process. Still now I am not aware why my application got rejected. Fullerton India didn't send any mail regarding the status.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "They should reduce the interst rate and other charges"
      0.5 1.0/5 "Really Bad"
      Fullerton offered me the high interest rate it was around 18% it is extremely high, I am disappointed with that interest rate then I thought not to process with them. Meanwhile they didn't reach me on loan process. Therefore I didn't proceed with Fullerton.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Initially I thought Fullerton India interest rate is high on personal loan hence I denied to process with them, then I found Fullerton interest rate is nominal compared to other bank, so I requested them to reopen the application but Fullerton executives told to re apply after a month. Now I am fine with their process.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "Interest rate should be reduced"
      0.5 2.0/5 "Expected more"
      Compared to other bank Fullerton interest rate is very high, They offered me 17.5% interest rate on personal loan it is extremely high. Then I asked them to give less tenure period on loan but they denied it. Hence I dropped the plan to process with them,.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "Average "
      0.5 2.5/5 "Just OK"
      I have not taken the personal loan with the Fullerton because of their some terms and conditions. Rate of interest for the personal loan with the Fullerton was around 11% to 12% and the customer service was a kind of okay one for me.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "High ROI & charges"
      0.5 3.0/5 "Satisfactory"
      Five year back I have taken a personal loan from Fullerton. The process was on time and the documentation was not much. But the institution is very high on the rate of interest and processing charges when compared to the banks. Even during the closure of the loan the interest was high.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "Need to decrease the Interest rate"
      0.5 1.0/5 "Really Bad"
      The rate of interest is too high with Fullerton, when compared with others. There are loads of hidden charges in the personal loan with respect to Fullerton . The response and the follow up was fine with Fullerton, due to the interest rate I have cancelled my personal loan application.
      Was this review helpful? 0
      , guntur
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "Excellent "
      0.5 4.0/5 "Great!"
      I had not taken the personal loan from Fullerton because I got an offer from some other bank. I had seen the rate of interest to be the same with Fullerton when compared with other bankers. Customer service and the response was absolutely fine with Fullerton.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I have approached Fullerton for my personal loan, they told I am not eligible for the loan for some reason, but they have made a call and explained me about the product clearly. The rate of interest is nominal with Fullerton. The service is good with customer support. Overall, I would say they gave very good service.
      Was this review helpful? 0
      , chennai
      Reviewed on May 23, 2017
    • Fullerton Personal Loan
      "Better Service"
      0.5 5.0/5 "Blown Away!"
      I tried with Fullerton for the personal loan. But all of a sudden I had changed the plan. When I had a conversation regarding the rate of interest, it was really high than the other banks. Other than this, I received calls and information from fullerton.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
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