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 3245 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 5.0/5 "Blown Away!"
      I have applied for the personal loan from FULLERTON, my loan application was closed because i did not have salary payslip from the current company. Customer service part was good and they responded on time, they also gave proper guidance on what to do next. The rate of interest was not an issue, it is nominal.
      Was this review helpful? 0
      , ranchi
      Reviewed on Nov 21, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      It was a been a very good experience with FULLERTON for my personal loan service the customer service was good the interest rate they quoted me was 29% which was little high compare to others in the market the documents was easy it was a average experience with FULLERTON for my personal loan service.
      Was this review helpful? 0
      , srikakulam
      Reviewed on Nov 20, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with Fullerton. They collected the documents by next day and within 7 to 10 working days my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 16% as rate of interest and the processing fees was Rs. 2000.
      Was this review helpful? 0
      , jodhpur
      Reviewed on Nov 20, 2017
    • Fullerton Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan with FULLERTON. They collected the documents by next day but they took few days to disburse my funds even after my documents submission was quick. There was no follow up from them. They offered the loan without informing the rate of interest and there are no processing fees so I'm not aware of it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 18, 2017
    • Fullerton Personal Loan
      "Needs to improve with ROI"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from FULLERTON, my loan application was closed because i did not have aadhar card which is mandatory. When it comes to customer service, it was good, they responded on time and they followed up on regular intervals. The customer service was way high when compared to other sources in the market.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • Fullerton Personal Loan
      "Needs to improve with ROI"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from FULLERTON, my loan application was closed because i did not have aadhar card which is mandatory. When it comes to customer service, it was good, they responded on time and they followed up on regular intervals. The customer service was way high when compared to other sources in the market.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with FULLERTON. They collected the documents by next day and within a week my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 13.29% as rate of interest and the processing fees is Rs. 4000 which I feel it's high.
      Was this review helpful? 0
      , rewari
      Reviewed on Nov 18, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with FULLERTON. They collected the documents by next day and within a week my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 13.29% as rate of interest and the processing fees is Rs. 4000 which I feel it's high.
      Was this review helpful? 0
      , rewari
      Reviewed on Nov 18, 2017
    • Fullerton Personal Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      I have applied for the personal loan form FULLERTON, my loan application was closed because there was no proper follow up done after the loan application was submitted. The customer service was not up to the mark, they did not respond on time and did not follow up further. The rate of interest was high when compared to other sources.
      Was this review helpful? 0
      , ankleshwar
      Reviewed on Nov 18, 2017
    • Fullerton Personal Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from FULLERTON, my loan application was closed because there was no proper follow up done after the application was submitted. The customer service was good but they did not come to collect the documents and there was no further follow up. The rate of interest was not an issue as i was in urgent requirement of loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2017
    • Fullerton Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I have got the personal loan with the Fullerton and the customer service was not really up to the mark. In future, I would not like to go ahead with the Fullerton in future, also am really happy with them till now.
      Was this review helpful? 0
      , hubli
      Reviewed on Nov 16, 2017
    • Fullerton Personal Loan
      "Good customer service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from FULLERTON, my loan application was closed because the rate of interest was way high when compared to other sources in the market. When it comes to customer service, it was good and they responded on time, regular follow ups was done, they also gave a correct information to the customer and their way of approach was good.
      Was this review helpful? 0
      , nasik
      Reviewed on Nov 16, 2017
    • Fullerton Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Fullerton bank.the loan amount is 7lakhs.Rate of interest is 16% is nominal as compared to others.Tenure is for 4 years.They had deducted 1% as processing fees.They were quick in processing the request,the monthly EMI is 21700.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 16, 2017
    • Fullerton Personal Loan
      "OK OK EXPERIENCE"
      0.5 3.0/5 "Satisfactory"
      It was an OK OK experience i had with FULLERTON as i applied for a personal loan . The rate of interest was 20% too high as compared to other banks . No one contacted me on time and the information was not delivered to me properly . I am not happy with the customer service it could have been a more better and help .
      Was this review helpful? 0
      , goa
      Reviewed on Nov 15, 2017
    • Fullerton Personal Loan
      "NOT HAPPY"
      0.5 1.0/5 "Really Bad"
      It was a good customer service from the FULLERTON INDIA they contacted me no proper time and follow ups were also on time . The rate of intrest was very high 21% so i delayed my plans and the bank executives canceled my application everything was good from the FULLERTON side only the rate of interest was a problem for me so i did not opt that much for my side .
      Was this review helpful? 0
      , nasik
      Reviewed on Nov 15, 2017
    • Fullerton Personal Loan
      "Worst service"
      0.5 1.0/5 "Really Bad"
      I am not satisfied with the service of FULLERTON for my personal loan service the interest rate was high compare to others in the market and the customer service is not good as I expected ,I am not happy with the service of FULLERTON for my personal loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 14, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The personal loan process was good with Fullerton. They have disbursed my loan amount within 4 to 5 days of time. The customer support was good with Fullerton, The rate of interest which they have offered is very high when compared with others.
      Was this review helpful? 0
      , nellore
      Reviewed on Nov 14, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had applied for a personal loan with Fullerton through online channel. They took around 2.5 weeks. I had submitted by documents to the executive. The customer service and response is good. I had a need of 1.75L after all deduction received only 1L 48K if they would inform earlier I had applied for more. The interest rate is normal.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 13, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I had applied for the personal loan from Fullerton, my loan application was approved and the requested amount was disbursed. The loan amount was for 1.30 lakhs and the rate of interest is way high when compared to others in market. I submitted all documents through broker. The process was very smooth and easy. Foreclosure charges were also applicable.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 13, 2017
    • Fullerton Personal Loan
      "Below average service"
      0.5 2.5/5 "Just OK"
      I got the personal loan with Fullerton around three years ago.. The customer support is below average with Fullerton. They took around 15 days time to disburse my loan amount. The rate of interest ad the charges are very high with Fullerton.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 13, 2017
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