Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Fullerton India SME 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 SME Loans is Rated as "Pretty good" by 3019 Users

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    Fullerton India SME Loans

    Overview about Fullerton India SME 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. SME loans under this segment go a step ahead and provide higher loan amounts in lieu of collaterals to help business gain that extra edge in development.

    Where can a Fullerton India SME Loan be used?

    Fullerton India SME Loan can be utilised for purposes that can aid in the rapid expansion of any business. These loans are available under the following options –

    1. Long Term Loans – Loans that allow the day-to-day running of the business and lend initial financial support to budding businesses or new undertakings of a business
    2. Business Instalment Loans – Short term loans that are useful in providing for any urgent funding requirement of the business

    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 a minimum of INR 10 crores. In addition to that, the business should have been functioning for 5 years.

    For eligibility, criteria considered by Fullerton India include years in business, management experience, tangible net worth, credit history, revenue trends year-on-year, interest cover and obligations of all existing loans.

    For long term loans, collaterals can include –

    1. Residential property owned and occupied by the borrower/applicant
    2. As primary collateral, ready commercial property (shop, offices, franchise outlets) owned and occupied by the borrower/applicant
    3. Ready residential/commercial properties which are partly rented and partly self – occupied
    4. Industrial property owned and occupied by the borrower/applicant
    Fullerton Personal Loan Offers

    What are the loan limits?

    Business loans from Fullerton India (Fullerton Business Loan) can be availed up to 80% of the value of the collaterals, depending upon the income level and credit-worthiness of the business. The actual amount which can be provided as a loan depends on the discretion of Fullerton India.

    Loans can be repaid across a tenure of 15 years and the loan might be closed prematurely but would require the acceptance of Fullerton India as per their terms and conditions.

    What are the applicable interest rates?

    Interest payable on Fullerton India Business Loan (SME Loans) 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 14 to 16% 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 for this loan?

    1. Financial statements of the last three years
    2. Bank statements of the last six months
    3. KYC documents
    4. Loan Repayment Details
    5. Relevant collateral documents

    How to apply for a 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 SME Loans Reviews

    • 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
    • Fullerton Personal Loan
      "Better "
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Fullerton and the interest rate is around 17%, which is really huge and the loan amount got disbursed within a month of time. Processing charges were too huge with the Fullerton. Rate of interest is the major constraint.
      Was this review helpful? 1
      , hosur
      Reviewed on Jun 06, 2017
    • Fullerton Personal Loan
      "Interest rate should be reduced"
      0.5 5.0/5 "Blown Away!"
      Overall customer service of Fullerton India is good, they are very helpful to the customers. They gave me clear information about the loan process. Previously I took the loan for one lakh, now I done the top up of Rs. 4 lakhs. Interest rate is high but they helped it on right time.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 05, 2017
    • Fullerton Personal Loan
      "Its Average"
      0.5 3.0/5 "Satisfactory"
      I felt Fullerton India interest rate was high they have offered me 17% of interest on personal loan. Then I gone with YES bank offer, they gave me the loan for the interest of 11.51% it is nominal. Everything is good in Fullerton India only concern about the interest rate.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 01, 2017
    • Fullerton Personal Loan
      "Good can do better "
      0.5 4.0/5 "Great!"
      Actually I ended up reaching Fullerton through intermediater and it took a very long time to reach them, After submitting the documents they took around 3 days to disburse my loan. Overall they took around 5 days for the whole process.The rate of interest is really high when compared with others. The service is quick and prompt with Fullerton. Overall I am satisfied with their service.
      Was this review helpful? 1
      , udaipur
      Reviewed on Jun 01, 2017
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