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    We found 1 Fullerton India SME Loans

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
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    Response Time Within 30 minutes
    Paperless approval option available
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    Good to Know
    Eligibility Criteria

    Fullerton India SME Loans is Rated as "Pretty good" by 3061 Users

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    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.

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    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
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    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.

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    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
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    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.

    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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    • Fullerton India SME Loans Reviews

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    • Fullerton Personal Loan
      "High charges"
      0.5 5.0/5 "Blown Away!"
      Fullerton had collected so many charges like documentation charge, processing fee and few other things. WHen I asked them about a lot of charges, they simply said that they are not a government sector for collecting minimum charges. So I could not say anything to them. Apart from charges, their interest rate is also high. They said they would take around 3000 for processing and other process, but overall they took 14000 for office verification, residential verification and document verification. But they sanctioned the loan on time.
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      , hyderabad
      Reviewed on Aug 16, 2017
    • Fullerton Personal Loan
      "Interest rate is high"
      0.5 3.0/5 "Satisfactory"
      What I feel about Fullerton is the rate of interest is little bit higher than the other banks. Especially when I compared with ICICI bank, Fullerton is on higher side. Other than the rate of interest, rest of the services are quite good and appreciable.
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      , rajahmundry
      Reviewed on Aug 14, 2017
    • Fullerton Personal Loan
      "Disappointed with the services"
      0.5 2.5/5 "Just OK"
      I could not proceed ahead with Fullerton because I was not ready with the documents they required. After which when I contacted them to inform them about the documents, without discussing further. They disconnected the call. The interest rate and charges was high.
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      , bangalore
      Reviewed on Aug 14, 2017
    • Fullerton Personal Loan
      "Rate of interest should be reduced"
      0.5 5.0/5 "Blown Away!"
      Fullerton India offered me the interest rate around 37% it was extremely high compared to other banks. But they denied to reduce the rate. Their response was good but I am okay with rate of interest was very high. Hence I am not interest to go head with them.
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      , nasik
      Reviewed on Aug 11, 2017
    • Fullerton Personal Loan
      "Interest rate should be competative"
      0.5 4.0/5 "Great!"
      It a nice institution helped me on loan part, their rate of interest is quite high. They offered me around 17% hence I am thinking to do the balance transfer to other bank. Even for that some charges applicable. Other than that service wise Fullerton India is good
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      , lucknow
      Reviewed on Aug 10, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan process was quick with Fullerton. They have processed my loan within 3 to 4 days of time. The required loan amount has been disbursed and I am satisfied with the loan amount. The rate of interest is high when compared with others.
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      , pune
      Reviewed on Aug 10, 2017
    • Fullerton Personal Loan
      "Smooth process "
      0.5 4.0/5 "Great!"
      In short, Fullerton Process was very smooth, It is very easy to apply for the loan they contacted me and provided the loan. . Interest rate is slightly on the higher side and the processing fee is fine. I had received a sanction letter and loan agreement form but i had not received mail or any sort of correspondence from them through mail.
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      , bangalore
      Reviewed on Aug 10, 2017
    • Fullerton Personal Loan
      "Better"
      0.5 3.0/5 "Satisfactory"
      I got the call from the Fullerton for the personal loan, which I have applied. Rate of interest is around 32%, also the loan amount got disbursed within ten to fifteen days of time. Services with the Fullerton is a kind of okay for me.
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      , erode
      Reviewed on Aug 10, 2017
    • Fullerton Personal Loan
      "Not happy with interest rate"
      0.5 2.0/5 "Expected more"
      I did not receive good service from Fullerton for the personal loan. The reason behind is, they committed the interest rate of 12% but later they changes it as 28% so I am quite disappointed with Fullerton. Customer service is somewhat better.
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      , pune
      Reviewed on Aug 07, 2017
    • Fullerton Personal Loan
      "Very good process with a higher interest rate"
      0.5 4.0/5 "Great!"
      Fullerton is too quick when it comes to disbursement, they took hardly a week's time and they are doing a good job too. Their interactions were really good and their followups too. They had provided value added information about EMI date etc and they had kept me posted about all the information. The only pitfall here, is the interest rate.
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      , new delhi
      Reviewed on Aug 06, 2017
    • Fullerton Personal Loan
      "High on ROI and processing charges"
      0.5 4.5/5 "Excellent!"
      I received the personal loan from Fullerton and it was convenient to get the loan through. The process took 15 days and the rate of interest was high. I got a rate of 18% and the processing charges was also high. I have a preclosure option after one year and there are some charges applicable for it.
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      , jamnagar
      Reviewed on Aug 04, 2017
    • Fullerton Personal Loan
      "FULLERTON INDIA CHEATED ME"
      0.5 1.0/5 "Really Bad"
      I took a personal loan from your company 3 months back and the agent who completed my formalities was "Sarika Gupta" while applying she told me that the rate of interest would be 14% or 15% max and to which I agreed and signed the documents. Later after two months when I logged in to your system by using the loan application number, I came to know that the rate of interest charged to me is 25.5% - which is not acceptable at all, why I was not being told this before, I wouldn't have taken the loan from you. I feel cheated and it's really bothering me day by day. Loan Agent: Sarika Gupta
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      , navi mumbai
      Reviewed on Aug 04, 2017
    • Fullerton Personal Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      The services was good at Fullerton, But the regret part is they have delayed my personal loan process. The experience was good overall. The rate of interest was also okay. It was of 18%. The processing charges was also high they have charged 19000 rupees for the loan amount of 2.70 lakhs
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      , indore
      Reviewed on Aug 03, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I have applied personal loan with Fullerton but they haven't approved my loan and I am not sure Why they have closed my application. The customer service and the response with Fullerton is average. The rate of interest is high when compared with others. I would say it is an average service from Fullerton India.
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      , new delhi
      Reviewed on Aug 03, 2017
    • Fullerton Personal Loan
      "High on ROI & charges"
      0.5 4.5/5 "Excellent!"
      It was a wonderful experience with Fullerton for the personal loan, because I had less paperwork. I could submit my documents online. The major drawback is the rate of interest was very high. It was of 30%. The processing charges was also high.
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      , baddi
      Reviewed on Aug 03, 2017
    • Fullerton Personal Loan
      "High on ROI"
      0.5 5.0/5 "Blown Away!"
      My experience has been good with Fullerton. I have taken a personal loan. The executive was professional and collected the documents on time. I received the funds without any delay as well. The rate of interest was of 28% which is very high and the processing fees was manageable.
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      , pune
      Reviewed on Aug 03, 2017
    • Fullerton Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      Fullerton has been quick in the services and the process for the personal loan. They came over to my place and collected the documents and it was a simple documentation. The interest rate and processing charges was on the average side. Happy with the overall experience the loan I have applied for about 1.10 laksh I received around 83k and it is for 4 years
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      , anantapur
      Reviewed on Aug 02, 2017
    • Fullerton Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      To start off, I felt that the rate of interest is little bit high on my personal loan when compared with other banks in the market. In fact, I am not aware of the actual interest rate because still I did not receive any documents for the personal loan, it had been almost two months but they never sent those documents to me. Except this, everything is fine with Fullerton.
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      , hyderabad
      Reviewed on Aug 02, 2017
    • Fullerton Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had taken my personal loan from Fullerton India. Rate Of Interest and Processing fees were high. The loan process was good, they have charged me around 35.50 as rate of interest and I have applied for 1.10 lakh loan amount but after all the deduction they have given 54000 rupees and the processing fee they have charged me is 8000 rupees
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      , kolkata
      Reviewed on Aug 02, 2017
    • Fullerton Personal Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan from Fullerton and they took 15 days to process my loan. It was supposed to be a paperless process and finally I had to submit my documents physically as well. I had requested for 1.5 Lakh and I got only 90K. There was no clarity in the process. I got a rate of 16% and the processing charges was of 3500. When I used to contact them they would not answer my calls as well and if I am to travel to their office, I would have to travel for 30KMS.
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      , bangalore
      Reviewed on Aug 02, 2017
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