Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Fullerton India SME Loans is Rated as "Pretty good" by 3455 Users

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    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

    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.

    Fullerton India SME Loans Reviews

    • Fullerton Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I had taken this loan almost 4 years back and the experience was quite good. The loan amount has been sufficient but the interest rate with them has been a little high where i am not satisfied. There was no additional charges. Overall it has been normal service
      Was this review helpful? 1
      , mumbai
      Reviewed on Jan 19, 2019
    • Fullerton Personal Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Fullerton and my experience was good, the loan amount was sufficient and the rate of interest was high when compared to others. Customer service was good and they responded on time. Tenure period for this loan is for 4 years.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jan 17, 2019
    • 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? 5
      , 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? 3
      , 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? 1
      , 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? 2
      , 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
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