Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Fullerton India Business Loans is Rated as "Pretty good" by 3453 Users

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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.

    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
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience with this Personal loan has been quite good and the process went pretty smooth. The loan amount has been sufficient and the interest rate with them has been nominal as well. There has been some processing fee which they had charges and it has been nominal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 10, 2019
    • Fullerton Personal Loan
      "Average service"
      0.5 1.5/5 "Bad"
      I have been using my personal loan with Fullerton ,the loan amount was sufficient they have given me, but they have charged too high rate of interest and even processing fee was high , compare to government bank they are charging too high charges, and now i have close this loan successfully.
      Was this review helpful? 2
      , ghaziabad
      Reviewed on Jan 08, 2019
    • Fullerton Personal Loan
      "Average Service"
      0.5 3.5/5 "Pretty good"
      The experience with this loan has been quite good and the process has been quite simple. The loan amount has been sufficient and the interest rate with them has also been nominal when compared with the market rate. There has been some processing fee and other than that there has not been any other charges.
      Was this review helpful? 3
      , jamshedpur
      Reviewed on Dec 20, 2018
    • Fullerton Personal Loan
      "High interest rates"
      0.5 3.0/5 "Satisfactory"
      I was looking for a loan and with the help of On-line sources i applied for it. My application was taken care and there was no delay. But the interest rates which i have on my loan amount is bit high i feel. Its somewhere around 15% and thats really high. If the interest rates comes down a bit it will be a great help.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Dec 15, 2018
    • Fullerton Personal Loan
      "They must reduce the interest rate"
      0.5 4.0/5 "Great!"
      I got my loan on time. According to my eligibility, i have got the loan from Fullerton. They have offered me a loan amount of Rs. 2.2 lakhs. I have got the interest rate of 21% which is very high and the processing fee was between 12000 to 16000. I have chosen the tenure period of 5 years. The service provided by Fullerton is really good.
      Was this review helpful? 2
      , guwahati
      Reviewed on Dec 12, 2018
    • Fullerton Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The experience i had with this Personal loan has not been good since the interest rate with them has been around 22% which was quite high. There has been some extra charges which they had made once. But the loan amount which they had provided has been sufficient.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 11, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a good experience i had with this loan and the loan amount which they had provided has been sufficient as well. But the interest rate with them has been a little high when compared with the market rate and there has been some charges with them which is high as well as they charged with the processing fee as well.
      Was this review helpful? 2
      , thane
      Reviewed on Dec 11, 2018
    • Fullerton Personal Loan
      "Process is good. Can work on charges"
      0.5 5.0/5 "Blown Away!"
      The process is fine with Fullerton and the personal loan was provided on a stipulated time. It was as needed too. The processing fee was around 9K initially and finally I was charged around 26K. I received a message for it too. The rate of interest is around 17%.
      Was this review helpful? 0
      , rourkela
      Reviewed on Dec 11, 2018
    • Fullerton Personal Loan
      "Not good because of the interest rates"
      0.5 3.0/5 "Satisfactory"
      They have offered me a huge rate of Interest which is 20%. I have applied the loan amount of Rs. 1.70 lakhs and they have given me the same amount. Processing fee were 3% and its very high. I have paid the EMI of Rs. 5288 and the tenure period is 48 months.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 11, 2018
    • Fullerton Personal Loan
      "Good and fast process"
      0.5 4.0/5 "Great!"
      Actually interest rates are quite high. I received my loan on time. I have applied the loan amount of RS. 2.50 lakhs however they have processed only 1.10 lakhs. When i ask them regarding this, because of the credit usage and other loan they have reduced the loan amount. Documentation process was very easy. Overall, loan process was smooth.
      Was this review helpful? 1
      , amravati
      Reviewed on Dec 11, 2018
    • Fullerton Personal Loan
      "POOR SERVICE"
      0.5 5.0/5 "Blown Away!"
      The loan amount is very lower with the Fullerton Personal Loan also the processing fee is approx is 7k. The processing is quick and easy to get the loan. The duration is for 60months to repay this loan. The rate of interest is of 19.99% it is higher than others.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Dec 08, 2018
    • Fullerton Personal Loan
      "Response should be proactive"
      0.5 4.0/5 "Great!"
      I have received the loan amount, but the fullerton executive to told some documents need to collect from my end but he didn't turned up. I reached them but was no response. Fullerton people gave me the interest rate around 19% I feel its moderate.
      Was this review helpful? 1
      , salem
      Reviewed on Dec 07, 2018
    • Fullerton Personal Loan
      "Easy process"
      0.5 4.0/5 "Great!"
      Paper work in Fullerton is very minimal. I have done the documentation process through online. I never visited their branch and i felt really happy. Within 2 days my loan got approved and the 3rd day the amount was sanctioned into my account. The process was very fast in Fullerton. I had applied the loan amount of 1.50 lakhs and i have got the same.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 05, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      The process in getting this loan has been fine but the loan amount which they had provided has been less than expected but it has not been an issue. The interest rate with them has been quite higher when compared with the market rate. There has not been any sort of additional charges which they had been making.
      Was this review helpful? 0
      , salem
      Reviewed on Dec 04, 2018
    • Fullerton Personal Loan
      " ROI and charges are extremely high"
      0.5 3.0/5 "Satisfactory"
      I have a personal loan with Fullerton. The process is very fast and I got the loan in four to five days. The rate of interest is around 22% which is extremely high and the processing charges is also high. They have charged 11K to 13K. They also debited a pre emi along with the loan which was not informed to me.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 04, 2018
    • Fullerton Personal Loan
      "Recommendable bank"
      0.5 4.0/5 "Great!"
      Bought my personal loan 1 month before. I have applied the loan amount of Rs. 3.80 lakhs but they have provided only 1.60 lakhs. When i asked the customer care regarding this they have said according to my eligibility, this amount only applicable. Due to the server issue, the loan got delayed for one day.
      Was this review helpful? 0
      , vellore
      Reviewed on Dec 04, 2018
    • Fullerton Personal Loan
      "Good Services"
      0.5 5.0/5 "Blown Away!"
      In last November, i have purchased the personal loan with Fullerton. I have applied the loan amount of Rs. 2.66 lakhs. They have charged me a processing fee of Rs. 18000 and GST+ insurance charges. They have offered me a interest rate of 19.99%. I have received the loan on time. The documentation process was easy.
      Was this review helpful? 0
      , rewa
      Reviewed on Dec 04, 2018
    • Fullerton Personal Loan
      "Can work on the interest and charges"
      0.5 3.0/5 "Satisfactory"
      The experience is good at Fullerton and I received the personal loan in 15days. The documentation was taken on time. The loan amount disbursed was 4.60 Lakh and my requirement was five lakhs. The rate of interest offered initially was 19.99% after negotiation I got 18%. The processing charges is around 2% to 3%.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Dec 03, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with FULLERTON INSTITUTION , customer service is up to the mark they follow up so nicely through out the process . They charge nominal rate of interest but they could charge little low processing fee . Other than that, i am really happy with their services .
      Was this review helpful? 4
      , dindigul
      Reviewed on Nov 18, 2018
    • Fullerton Personal Loan
      "Recommendable personal loan"
      0.5 2.0/5 "Expected more"
      I have taken the personal loan with Fullerton 7 months ago. I had applied for the balance transfer because they have provided the highest interest rate and i just want to apply for a new top up also. The loan process is good and the executive were taken care of all the things. They have given me a interest rate 33% which is higher to other companies.
      Was this review helpful? 4
      , chennai
      Reviewed on Nov 17, 2018
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