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  • Fullerton India SME Loans is Rated as "Pretty good" by 3344 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
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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.

    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
      "Good service"
      0.5 4.0/5 "Great!"
      The Fullerton finance limited was ready to approve the personal loan, but the required documents were not available to submit. The customer support service and the response was good from the Fullerton. The rate of interest and the charges were average here.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 21, 2018
    • Fullerton Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have approached FULLERTON for my personal loan. There is no requirement for the loan as of now so i have canceled the loan process. The loan amount was 4 laksh and interest rate was 30% which is high .The customer service and responses was good.
      Was this review helpful? 0
      , aurangabad
      Reviewed on May 20, 2018
    • Fullerton Personal Loan
      "Worst Service"
      0.5 1.0/5 "Really Bad"
      I'll never recommend loan from Fullerton , the 19.5 % interest rate is very high. I took a loan for a 237000 and after all deductions INR 224000 credited to my account which wasn't unacceptable. The customer support services are also bad and not approachable.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 16, 2018
    • Fullerton Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      The Fullerton service was good in regards to my personal loan application. I have got the loan amount within a week time. The customer support service and the response is very good from the Fullerton. The rate of interest and the charges are high with the Fullerton personal loan service.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 16, 2018
    • Fullerton Personal Loan
      "Service is good "
      0.5 5.0/5 "Blown Away!"
      The customer support service was good from the Fullerton in regards to my personal loan application. I have got the loan amount within 5days of time. The rate of interest and the charges are average pretty high with the Fullerton service when compared with others.
      Was this review helpful? 0
      , jabalpur
      Reviewed on May 16, 2018
    • Fullerton Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The Fullerton personal loan service was good and I have got the loan amount within 4days of time. The customer support service and the response is good from the Fullerton. The rate of interest and the charges were high with the Fullerton when compared with others , It would be great if they can minimize the interest rate.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on May 16, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The required documents were not available to proceed with the Fullerton personal loan , so that was the reason I haven't got the loan from the Fullerton. The customer support service and the response is quite good from Fullerton. The rate of interest and the charges were average.
      Was this review helpful? 0
      , kurnool
      Reviewed on May 16, 2018
    • Fullerton Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      The experience at Fullerton has not been a up to the mark service for the personal loan. They were not transparent about the rate of interest and processing fees. Though I kept checking about the same from the on start of the process. I wast initially told the processing fee and document charges would be around 800 to 1000 and I was finally charged 17K. So I cancelled the loan. The interest rate was of 18.75%.
      Was this review helpful? 0
      , guntur
      Reviewed on May 14, 2018
    • Fullerton Personal Loan
      "Service is good. But high on ROI"
      0.5 5.0/5 "Blown Away!"
      The experience at Fullerton was good. They were on time to collect my paper work and the process the loan with ease. I got the personal loan in one week. But the rate of interest is on the higher side. I was offered a rate of 33% and the processing charges was around 7K.
      Was this review helpful? 0
      , rudrapur
      Reviewed on May 14, 2018
    • Fullerton Personal Loan
      "Services are good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Fullerton. The documents were collected from my home and I also had to go over to their office twice and submit the remaining paper work. The team was cooperative. I got the loan in three days. The rate of interest is of 33% which is very high, but I went ahead because I was in need of it. The processing charges are around 7K which is inclusive of insurance too.
      Was this review helpful? 0
      , belgaum
      Reviewed on May 12, 2018
    • Fullerton Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I didn't got the personal loan from the Fullerton , even I have arranged for the required documents on time, but they haven't gave me any response in regard to my personal loan application. The custom,re support service an the response need to be improve d with the Fullerton.
      Was this review helpful? 0
      , kurnool
      Reviewed on May 11, 2018
    • Fullerton Personal Loan
      "Average loan"
      0.5 4.0/5 "Great!"
      The personal Loan is taken through the fullerton bank compared to other banking sector the interest rate is quite high this is older loan like I took the loan on 2009-2010. Now it is closed fully bu that was a good experience.
      Was this review helpful? 0
      , chennai
      Reviewed on May 03, 2018
    • Fullerton Personal Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken w ith FULLERON . The loan amount was 1.8 lakhs and the Interest rate was 30% which is very high in the market and the tenure period was 3 years . The customer service and responses was up to the mark. The processing fee was nominal.My overall experience was good.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Apr 19, 2018
    • Fullerton Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved with Fullerton and the experience was very good. The process was quick and i received my loan amount within 2-3 days. The loan amount was for Rs 1.3 lakhs for 5 years with nominal interest rate. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , jabalpur
      Reviewed on Apr 17, 2018
    • Fullerton Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      My personal application was approved with Fullerton and the loan experience was good, the process was smooth and i received my loan amount within 10 days. I have taken loan for Rs 1.58 lakhs for 4 years. The rate of interest is nominal when compared to other sources. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , jabalpur
      Reviewed on Apr 16, 2018
    • Fullerton Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      The Fullerton personal loan service was good and they have approved the loan within the promised time, but they took time to disburse the cheque, which gave me disappointment. The required loan amount has been disbursed and I am satisfied with it.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Apr 16, 2018
    • Fullerton Personal Loan
      "ROI and processing charges are high"
      0.5 4.0/5 "Great!"
      The process is okay with Fullerton. I have taken a personal loan. The documents were collected on time. The customer services and response is good. The processing charges are high plus there was an insurance fee taken. 1.39 Lakh was sanctioned and I got 1.08 Lakh only in my account after the deductions. The rate of interest was also high. It is around 18%.
      Was this review helpful? 0
      , karaikudi
      Reviewed on Apr 14, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The required loan amount has been disbursed by Fullerton in regards to my personal loan. The customer support service is good with the Fullerton and they gave me better response. The rate of interest and the charges are bit high with the Fullerton when compared with others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 12, 2018
    • Fullerton Personal Loan
      "ROI and charges are high"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from Fullerton. The process was on time. It was a good experience. The rate of interest is around 12% it is high and the processing charges are high too. It would be better if they are lower on the interest rate and charges.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Mar 29, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The Fullerton personal loan service was good but the rate of interest and the charges are very high . The customer support service is good from the Fullerton, whenever I reach them for any queries I get good response them. The required loan amount has been given and they have charges Rs,9000.
      Was this review helpful? 0
      , mangalore
      Reviewed on Mar 23, 2018
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