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  • Fullerton India SME Loans is Rated as "Pretty good" by 3313 Users
    Personal Loan BYTES FROM OUR KITCHEN

    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
    Apply for Personal Loan

    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
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with FULLERON . The loan amount was 71,000 . The Interest rate was 33% which is very high. The tenure period was 3 years.I had a very good loan experience here. They have provide door step service for collecting documents.
      Was this review helpful? 0
      , aurangabad
      Reviewed on Feb 23, 2018
    • Fullerton Personal Loan
      "Good Loan"
      0.5 4.0/5 "Great!"
      They gave me the Personal Loan on an interest rate of 20.5%. Their process of getting the Loan was pretty sharp and involved very little or no hassle at all. They gave me few compulsory add ons with the Loan and felt those were pretty important ones to have.
      Was this review helpful? 0
      , goa
      Reviewed on Feb 22, 2018
    • Fullerton Personal Loan
      "Good "
      0.5 3.0/5 "Satisfactory"
      Rate of interest was okay one for me with the Fullerton for the personal loan. I would like to say that the customer service was good one with the Fullerton. Response is fine one with them. I have not faced any such hurdles with them till now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 22, 2018
    • Fullerton Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with Fullerton. The rate of interest was little bit high for the personal loan. They charged processing fee. I went to their office and submitted my documents. I have taken 1L and have to pay monthly EMI around Rs.3000.
      Was this review helpful? 0
      , cuttack
      Reviewed on Feb 16, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I took my personal loan from Fullerton through online channel. The customer service and response was really good. The rate of interest was moderate compared to other banks. I am eligible for more than 7L and finally they approved only 3L. The pre closure was not explained.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Feb 15, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have got the personal loan with the FULLERTON around 6 months ago. The customer support service is good with the FULLERTON but their interest rate is interest high with the FULLERTON personal loan service, it would be good if they can reduce their interest rate.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Feb 13, 2018
    • Fullerton Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The FULLERTON service was good, they have disbursed the loan amount in a month time. The documents submission was done by my side. The rate of interest and the charges are high with the FULLERTON, they haven't gave me any chance to reduce the interest rate.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 13, 2018
    • Fullerton Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I got the personal loan with the Fullerton and the rate of interest was around 19.5%. I would like to say that the esponse and other things are good one with the Fullerton and I have not got the account number till now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 13, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My Personal loan application was approved with Fullerton and the loan experience was very good. The process was very smooth and i received my loan amount within 8-10 days. The loan amount was for Rs 5.62 lakhs with the rate of interest of 17.5% which is high when compared to other sources. The processing fee was 1.5% which is high and the tenure of this loan is 5 years. Customer service was very good and they responded on time.
      Was this review helpful? 0
      , panipat
      Reviewed on Feb 12, 2018
    • Fullerton Personal Loan
      "Needs to improve"
      0.5 2.0/5 "Expected more"
      My Personal loan application was approved with Fullerton and my loan experience was not up to the mark. The loan amount i requested was for Rs 1.5 lakhs but the loan amount was approved only for Rs 42000 which is not sufficient. Customer service was not satisfactory, they did not give proper information about the charges and the rate of interest. They did not provide door step service to collect the documents.
      Was this review helpful? 0
      , indore
      Reviewed on Feb 12, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the Personal loan from Fullerton, my loan experience was good with Fullerton. The loan amount was for Rs 2.5 lakhs with the rate of interest of 27% which is very high when compared to all other sources in the market. The process was smooth and i received my loan amount on time. Customer service was good and they responded on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 09, 2018
    • Fullerton Personal Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      I haven't faced any problems with Fullerton. The personal loan process was faster. The customer service and response was good. The rate of interest was quite high compared to other banks. I have taken 1.1L and the total duration is 5 years. I have to pay monthly around 4000 rupees.
      Was this review helpful? 0
      , cuttack
      Reviewed on Feb 08, 2018
    • Fullerton Personal Loan
      "Need Improvement"
      0.5 1.0/5 "Really Bad"
      When I approached Fullerton to take up a personal loan , they have promised that they will approve my required loan amount but I have got very less loan amount after the approval. The promises need to be fulfilled by the Fullerton. The charges and the interest are very high with the Fullerton.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 06, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The personal loan process was good with the Fullerton. They gave me immediate response in regards to my personal loan application. They have disbursed the loan amount within 10days of time. The rate of interest and the charges are high with the Fullerton when compared with others.
      Was this review helpful? 0
      , hosur
      Reviewed on Feb 06, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I can't get the personal loan from the FULLERTON, because I have already got the existing loans from other banks so that was the reason I haven't got the personal loan from the FULLERTON. The customer support is good with the FULLERTON , they gave me good response.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 05, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I can't get the personal loan from Fullerton , because of their response, their executives came to my place to collect the documents on time but after the documentation process , there was no response from the Fullerton team , so that was the reason I haven't got the loan from Fullerton.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 05, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the Personal loan from Fullerton, my loan application was closed because i was not eligible for the loan. I was asked to submit 3 months salary payslip which i was not having. When it comes to customer service, it was good and they followed up correctly. The rate of interest is 30% which is way high when compared to other sources.
      Was this review helpful? 0
      , guwahati
      Reviewed on Feb 01, 2018
    • Fullerton Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I am satisfied with Fullerton service on my personal loan. The responsiveness was good. They charged interest rate little bit higher compared to other banks. They offered 5.5L but my expectation was around 8L. The processing fee is also little bit high.
      Was this review helpful? 0
      , dehradun
      Reviewed on Jan 30, 2018
    • Fullerton Personal Loan
      "Good sevice"
      0.5 5.0/5 "Blown Away!"
      Within a week i have got the loan amount from Fullerton. The customer support is good with the Fullerton. They give good response to the customer.s The rate of interest and the charge are nominal with the Fullerton. I would say I have got the good service from Fullerton.
      Was this review helpful? 0
      , mysore
      Reviewed on Jan 29, 2018
    • Fullerton Personal Loan
      "Below Average service"
      0.5 1.0/5 "Really Bad"
      I haven't got proper response from Fullerton. Their executives asked me to submit the bank statements and I have also submitted but still they told that they can't approve the personal loan so, that was the reason I haven't proceed with the Fullerton.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 29, 2018
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