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  • Fullerton India SME Loans is Rated as "Pretty good" by 3408 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
    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
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with FULLETRON INSTITUTION , i am happy with this bank , they provide within 15 days my loan amount . They charge 11% of interest rate and tenure period is 3year . They provide 120000 of loan but i got 99000 after deducting . I use to pay 5500 of EMI.
      Was this review helpful? 2
      , nellore
      Reviewed on Sep 16, 2018
    • Fullerton Personal Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      My experience with Fullerton for personal loan was good, the process took 20 days to complete. I have requested the loan amount for Rs 1 lac but they gave only Rs 85000 and the balance Rs 15000 is for ICICI Lombard insurance premium. The rate of interest is high when compared to others and the customer service was good with Fullerton,.
      Was this review helpful? 0
      , rajahmundry
      Reviewed on Sep 12, 2018
    • Fullerton Personal Loan
      "Not satified"
      0.5 1.0/5 "Really Bad"
      I have taken my personal loan with FULLERTON. The loan amount was 4,10,000 and the interest rate was not satisfactory. The information was not given properly. I couldn't contact them and there is no proper responses other than that the process was very quick and hassle free .
      Was this review helpful? 0
      , tirupati
      Reviewed on Sep 12, 2018
    • Fullerton Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with FULLERTON . The loan amount was 1,47,000 and the interest rate was very satisfactory . There is no issues faced with the documentation also. The loan was approve on time. I am satisfied with the customer service and responses here. I am pretty satisfied with the overall process .
      Was this review helpful? 1
      , nellore
      Reviewed on Sep 12, 2018
    • Fullerton Personal Loan
      "AVERAGE"
      0.5 4.0/5 "Great!"
      My personal loan was taken with FULLETRON INSTITUTION , the tenure period is 36month and rate of interest is too high it is 8.50% . Customer support is not up to the mark . I was expecting my loan amount will be 50000 but i just got 37881 so i ma not happy .
      Was this review helpful? 0
      , bhilwara
      Reviewed on Sep 12, 2018
    • Fullerton Personal Loan
      "Satisfactory"
      0.5 3.5/5 "Pretty good"
      I have taken my personal loan with FULLERTON . The loan amount was 1,32,000 and the interest rate was very high in the market. The tenure period was 4 years . Their customer service and responses was up to the mark . The paper formalities are very smooth. The processing fee was high but they have delayed the process for 7 days.
      Was this review helpful? 1
      , ujjain
      Reviewed on Sep 11, 2018
    • Fullerton Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with FULLERTON. The loan amount was2,50,000a and the interest rate was very high and the tenure period was 5 years . The process was smooth and satisfactory .The customer service and responses was good. The pre closure is after1 year here and the processing fee was nominal.
      Was this review helpful? 1
      , asansol
      Reviewed on Sep 11, 2018
    • Fullerton Personal Loan
      "Not satified"
      0.5 1.0/5 "Really Bad"
      I have taken my personal loan with FULLERTON. The loan amount was 60,000. The interest rate was satisfactory and the tenure period was 4 years . The customer service and responses was not good.I was expecting 82,000 and i have got its 60,000 which is not satisfactory . The documentation was very smooth .The processing fee was high.
      Was this review helpful? 0
      , guntur
      Reviewed on Sep 11, 2018
    • Fullerton Personal Loan
      "BEST SERVICE"
      0.5 5.0/5 "Blown Away!"
      I got best service of personal loan from FULLERTON , the banking services is too good at the time of getting loan . My loan amount is sufficient and tenure period is 4year . They charge processing fee with rs 10000 . The process is good and customer service response is up to the mark .
      Was this review helpful? 4
      , hisar
      Reviewed on Sep 01, 2018
    • Fullerton Personal Loan
      "excellent service"
      0.5 4.0/5 "Great!"
      I have taken my loan from FULLETRON , my loan experience was good and i did not face any issues at the time of documentation . Rate of interest is 30% and it is high in the market and tenure period is 4year . They charge for processing fee 3% and even there is option for preclosere but it will be applicable after 6month and it is 7% on loan amount . There is no hidden charges .
      Was this review helpful? 2
      , madurai
      Reviewed on Aug 30, 2018
    • Fullerton Personal Loan
      "Need to reduce ROI"
      0.5 5.0/5 "Blown Away!"
      My experience was good with Fullerton for personal loan, the loan amount was for Rs 1 lac for 5 years with high interest rate when compared to others in the market. Customer service was good and they responded on time. The process was smooth and i received my loan within 1 week.
      Was this review helpful? 2
      , gandhidham
      Reviewed on Aug 28, 2018
    • Fullerton Personal Loan
      "Need to reduce charges"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved with Fullerton and it was a fine experience, the process took 7-10 days to complete. The loan amount was for Rs 1.6 lacs for 5 years with high interest rate when compared to others in the market. Customer service was good and they followed up on time.
      Was this review helpful? 3
      , erode
      Reviewed on Aug 28, 2018
    • Fullerton Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Fullerton , the loan was processed on time, I received proper customer service and guidance from them. Everything went well, just their rate of interest what they charged is a high as compared to other banks.
      Was this review helpful? 1
      , panipat
      Reviewed on Aug 25, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was approved with Fullerton and the loan experience was good, the loan amount was for Rs 1.79 lakhs for 4 years but the loan amount is not sufficient. They charged Rs 4500 for insurance but they have not given the details. The rate of interest is nominal when compared to others.
      Was this review helpful? 5
      , erode
      Reviewed on Aug 21, 2018
    • Fullerton Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with Fullerton and the experience is fine. The customer services and response is good and there are no hassles to get the loan. They done a good job. Though the interest rate and charges is on the higher side, I am pretty happy with the service.
      Was this review helpful? 2
      , bangalore
      Reviewed on Aug 18, 2018
    • Fullerton Personal Loan
      "GOOD SERVICE "
      0.5 4.0/5 "Great!"
      This loan is taken for 4 years, i have received the loan on time to my account, i feel that the rate of interest is nominal, about the document and processing part they made it very easy without any hassle or difficulty, with good customer service.
      Was this review helpful? 4
      , belgaum
      Reviewed on Aug 14, 2018
    • Fullerton Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have taken this loan for 5 years, the monthly emi will get auto debited from my account, i got this loan within the committed period, processing and documentation was also easy, overall customers service is good when the customer feel good.
      Was this review helpful? 1
      , erode
      Reviewed on Aug 14, 2018
    • Fullerton Personal Loan
      "GOOD LOAN"
      0.5 4.0/5 "Great!"
      The fund transfer was smooth, ROI-was little high, its for 5 years, i have applied the loan in online and also i uploaded the documents in online, again i submitted the hard copy to the Fullerton office, they can minimize the processing time, other than that its a good loan.
      Was this review helpful? 1
      , bharuch
      Reviewed on Aug 14, 2018
    • Fullerton Personal Loan
      "High on ROI and charges"
      0.5 3.0/5 "Satisfactory"
      The experience is good with Fullerton. I have taken a personal loan and I received the loan in 48hours. They also cooperated very well. The documents was taken on time. The rate of interest is pretty high, it is around 20.5% and through I do not know the exact professing fee taken, but it was on the higher side.
      Was this review helpful? 1
      , dibrugarh
      Reviewed on Aug 11, 2018
    • Fullerton Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with FULLERTON .The process was very good but their processing fee was very high.The loan amount was 1,54,000 and the interest rate was satisfactory .The tenure period was 5 years. I had a smooth and hassle free experience but i faced tediousness in documentation part. They have sanctioned loan within the committed time.
      Was this review helpful? 1
      , jamshedpur
      Reviewed on Aug 09, 2018
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