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 3286 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
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with Fullerton. They offered a interest rate of 12.5%. The loan experience was good. I have taken 1,50,000 for 6 years. The EMI payment is 6,461 rupees by cash. The executive came to my place and collected the documents.
      Was this review helpful? 0
      , guntur
      Reviewed on Jan 20, 2018
    • Fullerton Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      The customer service and response was good with Fullerton. The interest rate was okay, they charged more than 11%. The processing fee was around 13%. They have offered only 1L and have to pay monthly around 3000 rupees through ECS. The documents were collected by the executive on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The required loan amount was not disbursed by Fullerton. They took around 10days of time to disburse my loan amount. The customer support was good with the Fullerton service. The rate of interest and the charges are very high with the Fullerton when compared with others.
      Was this review helpful? 0
      , guntur
      Reviewed on Jan 19, 2018
    • Fullerton Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I have got the loan amount within 5 days of time from Fullerton. The customer support is good with the Fullerton, they came to my place to collect the documents on time. The required loan amount has been approved and I am satisfied with it. The rate of interest and the processing fee was high with the Fullerton when compared with others. The disbursement amount is very low than the approved loan amount.
      Was this review helpful? 0
      , korba
      Reviewed on Jan 19, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      Overall personal service was good with the Fullerton, they came to my place to collect the documents on time. The required loan amount has been disbursed and I am satisfied with it. The rate of interest and the charges are very high with the Fullerton when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 18, 2018
    • Fullerton Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The personal loan got processed with in a week time from Fullerton. The rate of interest and the charges are high with the Fullerton. I am satisfied with the loan amount, because they have approved my required loan amount. The customer support was good with the Fullerton service.
      Was this review helpful? 0
      , malda
      Reviewed on Jan 17, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      The Fullerton India took 3 days of time to disburse my personal loan amount. Their service was prompt and I am satisfied with their loan amount. The rate of interest and the charges were high, when compared with other banks. The rate of interest and the charges need to be reduced by Fullerton.
      Was this review helpful? 0
      , belgaum
      Reviewed on Jan 16, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience was good with Fullerton, the loan amount is for Rs 9 lakhs with the nominal rate of interest. The process was quick and i received my loan amount within 1 week. Customer service was good and they provided door step service to collect the documents. I am not aware of the processing fees. The tenure of this loan is 60 months and it was overall a good service from Fullerton.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jan 16, 2018
    • Fullerton Personal Loan
      "Rate of interest to be better"
      0.5 3.0/5 "Satisfactory"
      The customer service and response was good with Fullerton. I am not satisfied with their interest rate. I had taken 1,22,000 rupees for 3years. I am paying monthly 5,570 rupees through online. The part payment and pre closure option is better.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jan 12, 2018
    • Fullerton Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      The rate of interest and processing fee was high with Fullerton. I had applied for 1L but I have received 88,000 rupees. The customer service and response was not average. The executive called the documents but they haven't informed the interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 11, 2018
    • Fullerton Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken Personal loan from Fullerton and it was a good loan experience. The loan amount was for Rs 1.5 lakhs with the rate of interest of 12% which is nominal rate. The process was smooth and i received my loan amount within 1 week. Customer service was good and they provided door step service to collect the documents. The tenure of this loan is 2 years.
      Was this review helpful? 0
      , surat
      Reviewed on Jan 11, 2018
    • Fullerton Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      It was good with Fullerton but they took very long to disburse the personal loan. The rate of interest and the processing charges was too high with Fullerton. They charged 25% as rate of interest. The documentation process was simple.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 11, 2018
    • Fullerton Personal Loan
      "Good service but interest rate to be reduced"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with Fullerton bank before 1.5 years. It is a good bank but the rate of interest was very high. The loan process was very simple and there is no lot of paper works. The customer service and response was very prompt with Fullerton. The rate of interest was 26% for personal loan.
      Was this review helpful? 0
      , kochi
      Reviewed on Jan 11, 2018
    • Fullerton Personal Loan
      "Personal loan with FULLERTON"
      0.5 4.0/5 "Great!"
      I have taken a personal Loan from Fullerton.The approved loan amount was 8 lakhs . The given rate of interest was 14 to 15%. The monthly EMI comes around 24410. the total tenure is for4 years. There was no processing fees.The customer service and response was ok.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 10, 2018
    • Fullerton Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      Rate of interest for the personal loan with the Fullerton was around 20% and the customer service was good one too. I am really happy with the response of Fullerton. Within fifteen days of time, I have got the loan amount from them on immediate basis.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 10, 2018
    • Fullerton Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with FULLERON 4 years back. The loan amount was 3.25 lakhs and the interest rate was 11% which was very high than other banks in the market. The tenure period was 3 years and I had a very good loan process . They have sanctioned the loan wit the committed time.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 02, 2018
    • Fullerton Personal Loan
      "Good One"
      0.5 4.0/5 "Great!"
      The customer service was good from the FULLERTON side , it was quick process . The money got Disbursed within 48 hours of time as after the approval . It was a Full approval i got from the bank side . the rate of interest was high 19.5% i am not happy with that .The processing fee was there of 1 or 2% . The Fullerton gave me Pre closure and part payment is there on the loan .
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Dec 29, 2017
    • Fullerton Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Fullerton .The loan amount is eight lakhs,Rate of interest is nominal as compared to other banks.The customer service is good and they responded on time for the request.I am totally happy with the service of the bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 29, 2017
    • Fullerton Personal Loan
      "Processing fee is high "
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from FULLERTON INDIA. The approved loan amount was 50000. The interest for 50 thousand was 11%. The monthly EMI which i have to pay was 2550 for 3 years. The processing fee was really high. It comes around 5000 rupees. The documentation done well.
      Was this review helpful? 4
      , indore
      Reviewed on Dec 22, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The rate of interest and the charges are very with Fullerton India personal loan services. I have got the personal loan with the Fullerton around 7 years ago. They have disbursed the loan amount within a week time and this loan has the tenure of 3years. The processing fee and for the insurance process they have charges around Rs,10,000 in my personal loan amount.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Dec 18, 2017
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