Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Fullerton India SME Loans is Rated as "Pretty good" by 3266 Users

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    Promised Interest Rate

    Customer Service

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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
      "Average service"
      0.5 3.5/5 "Pretty good"
      The loan amount offered by Fullerton personal loan department was 80k ,I feel the rate of interest they offered me was little high compared to others ,the documents have been collected from my door step. The customer support was prompt it was a good experience with Fullerton personal loan department.
      Was this review helpful? 0
      , kanpur
      Reviewed on Dec 14, 2017
    • Fullerton Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am having the personal loan with the Fullerton and the interest rate is huge one. The loan amount got disbursed within fifteen to twenty days of time. Response and other things are really good one with the Fullerton.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 14, 2017
    • Fullerton Personal Loan
      "Not bad"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan with FULLERTON. The loan process was quick but after 2 weeks only they have sanctioned the loan. I have taken 1 lakhs and the interest rate was 34% which was very high comparing to other banks in the market. They did not provided door step service for collecting document which was bit disappointing and the processing fee was 17,000.
      Was this review helpful? 1
      , belgaum
      Reviewed on Dec 09, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have my personal loan with FULLERTON. The customer service and responses was up to the mark. The loan amount was 4.75 lakhs and the interest rate was 18.5% which was very high They have sanctioned the loan with the committed time but the processing fee was 2.5% . My overall experience was good.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 08, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Fullerton .They have given the loan amount.I got a good experience banking with them. They had immediately responded to my request and shared the complete details.Net banking is convenient to make the payments.
      Was this review helpful? 0
      , aurangabad
      Reviewed on Dec 08, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Fullerton. The loan amount is 1.57 lakhs,rate of interest is 13% low as compared to other banks.They had processed the request within 25 days.I make payments through ECS.The executives had shared the complete details.
      Was this review helpful? 0
      , nanded
      Reviewed on Dec 08, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The loan disbursement was done within 10 to 12 days of time from Fullerton. The executives haven't came to my place to collect the documents, I went their office to submit the required documents. I haven't got the required loan amount from Fullerton. The customer support is average with Fullerton.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 07, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      The loan process was faster with Fullerton . Rate of interest was high compared to other banks. They charged processing fee around 4000 rupees. First I submitted the documents on online and again hard copy was given to the branch. There was one delay on the loan disbursement on the promised date.
      Was this review helpful? 0
      , madurai
      Reviewed on Dec 06, 2017
    • Fullerton Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      My personal loan was taken with Fullerton Bank through online portal. The rate of interest was 18%, which was very high compared to other banks. I have submitted my documents online. The process was faster and paperless approval. I make the payment through ECS.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Dec 06, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The loan experience was good with Fullerton. The customer service has called me on time and provided the information. The documentation process was easy and provided a doorstep service. The rate of interest was little bit more compared to other banks. They have sanctioned the loan on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 05, 2017
    • Fullerton Personal Loan
      "Interest and charge should be reduced"
      0.5 4.0/5 "Great!"
      The concern person who approved my loan, he told my interest was around 16 to 18% but finally Fullerton charged me 21% of interest and also they charged me Rs. 9000 as a processing fee. I applied for Rs. 1.70 but they only approved Rs. 1 lakh, amount credit around Rs. 91,000 from the account.
      Was this review helpful? 0
      , kolkata
      Reviewed on Dec 05, 2017
    • Fullerton Personal Loan
      "Looking for better interest Rate"
      0.5 5.0/5 "Blown Away!"
      They are very helpful, Fullerton executive coordinated well with me for the personal loan process. But interest high was very high they charged around 33% of interest, for the loan amount Rs. 1.25 lakh it has the tenure period of five years. It would be great if they reduce the rate of interest.
      Was this review helpful? 0
      , guwahati
      Reviewed on Dec 05, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with Fullerton. The customer service was okay, after document collection the process has been delayed. After one week they did the disbursement. The rate of interest was bit high and they charged processing fee. I can pay EMI of 2400 rupees rather paying 52 days broken interest fee around 4000 rupees. There was no proper intimation.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      The loan process was good with Fullerton . The customer service and response was satisfactory. They had sanctioned the loan on time. I have taken 1L and 4K, for EMI charging 4800 rupees. It was paid through net banking. The rate of interest was little bit on the higher side when compared to other bankers.
      Was this review helpful? 0
      , mangalore
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Good service but interest rate to be reduced"
      0.5 5.0/5 "Blown Away!"
      The rate of interest was high compared to other banks otherwise I don't have any issues with Fullerton. They processed the loan very fast and informed properly. The customer service and response was good. They have offered around 1.68L. The documents are submitted to the branch directly.
      Was this review helpful? 0
      , vellore
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Documentation process should be simpler"
      0.5 3.0/5 "Satisfactory"
      I have lots of issues with Fullerton India, I undergone with lots of documentation process, I had tough time with them. But I would say their Interest rate is nominal for the personal loan. I would like to suggest their loan process and authentication should be simpler.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Fullerton India done a quick process, within four days they sanctioned the loan amount. Initially they told my EMI amount is around Rs.5883, but now Fullerton executive told it would be around Rs. 6600. I am not sure about my EMI amount at all and I didn't loan statement. I took the 1.55 lakhs for the tenure of 48 months.
      Was this review helpful? 2
      , salem
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I have applied personal loan for Rs,1,50,000 but I have got Rs,1.0,100. The customer support was good with the Fullerton, The service was good with the Fullerton personal loan concern. The rate of interest was 13% which is very high when compared with other banks.
      Was this review helpful? 0
      , jabalpur
      Reviewed on Dec 04, 2017
    • Fullerton Personal Loan
      "Needs to improve on Customer Service"
      0.5 1.0/5 "Really Bad"
      My personal loan application was rejected with FULLERTON, the reason was; there was no proper response from the customer service after the application was submitted. There was no follow up done and my experience was not good. The rate of interest was way high when compared to other sources.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 02, 2017
    • Fullerton Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Rate of interest was around 13% for the personal loan with the Fullerton, also the loan amount got disbursed within three to four days of time. I am happy with the Fullerton, also I have not faced any issues with them.
      Was this review helpful? 0
      , banswara
      Reviewed on Nov 29, 2017
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