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  • Fullerton India SME Loans is Rated as "Pretty good" by 3383 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
      "Need to reduce ROI"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with Fullerton and my loan experience was up to the mark. The loan amount was for Rs 1.30 lakhs with high interest rate when compared to others. Customer service was good and they collected documents on time. The tenure for this loan is 4 years.
      Was this review helpful? 0
      , amritsar
      Reviewed on Jul 06, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from Fullerton finance , Am not satisfied with the rate of interest which is quiet high . Where the processing fees is 14000 including some insurance . They took 5 to 10 days for approval . They provided 3 year of tenure period and making the payment through ECS . As its instant loan process am satisfied with their customer service and response.
      Was this review helpful? 1
      , vapi
      Reviewed on Jul 03, 2018
    • Fullerton Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      The process in getting the loan had been easy and smooth. The loan amount which they had provided has been okay and they have provided me 85 thousand. There has not been any issues faced with the banking services of them. Their customer support also had been helpful at times.
      Was this review helpful? 1
      , ratnagiri
      Reviewed on Jun 29, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The process in getting this loan has been very smooth and easy and there has not been any issues faced with them. The loan amount which they had provided me had been satisfactory but the interest rate with them has been quite high comparatively. There has not been any issues faced with the services offered by them.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Jun 29, 2018
    • Fullerton Personal Loan
      "Fullerton Review"
      0.5 0.5/5 "Unacceptable"
      Worst Staff. Not at all Co-operative. Faced issues during loan closure. Rude as well as uncooperative staff. Lack of courtesy and knowledge in staff . I had a worst experience with the staff member of fullerton mumbai. Please train your staff to be co-operative
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 29, 2018
    • Fullerton Personal Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Fullerton and the loan amount got disbursed within seven days of time. I am happy with them till now, also I have not faced any such issues as such. There are no hindrances with them till now.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 29, 2018
    • Fullerton Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      My personal loan was approved with Fullerton and the experience was good, the process took 2 weeks to complete. The loan amount was sufficient and the rate of interest was quite high. Customer service was good and they followed up on time. The tenure for this loan is for 5 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 28, 2018
    • Fullerton Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Interest rate is around 18.5% for the personal loan with the Fullerton, also the response is better one too. I am happy with the Fullerton. Everything were completed on immediate basis with the Fullerton and I dont have any issues on it.
      Was this review helpful? 0
      , hosur
      Reviewed on Jun 28, 2018
    • Fullerton Personal Loan
      "Very Good services"
      0.5 4.0/5 "Great!"
      I have applied a loan amount of Rs. 2 lakhs. I'm not aware of the interest rates and processing fee. I used to make the EMI of Rs. 7100. I have taken the tenure period of 4 years. I used to make the payment through auto deducted from my bank account. I have got a very good experience from Fullerton.
      Was this review helpful? 0
      , guntur
      Reviewed on Jun 27, 2018
    • Fullerton Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have approved FULLERTON for a personal loan. The loan process was very good and The loan mount was 5 lakhs.. The given interest rate was very high than other banks and the tenure period was 3 years .My salary date is on 10th and my emi date is on 5 th which was but disappointing and cannot be changes also. The processing fee was nominal.
      Was this review helpful? 0
      , guwahati
      Reviewed on Jun 27, 2018
    • Fullerton Personal Loan
      "Procesing fee is high"
      0.5 3.0/5 "Satisfactory"
      I have received the loan time. I have applied a loan amount of 1.54 lakhs. They have offered me interest rate of 33%. The approval loan amount was 1.4 lakhs. After the deducted of processing fee and insurance they give the loan. Totally they have charged Rs. 6500 for that. They have taken a health insurance without my knowledge. After that i have received only Rs. 87000 in my hand
      Was this review helpful? 0
      , nasik
      Reviewed on Jun 27, 2018
    • Fullerton Personal Loan
      "Process is very fast according to customer's need"
      0.5 4.0/5 "Great!"
      I have applied a personal loan amount of 1.50 lakhs. According my eligibility they have offered me a loan of 1.20 lakhs. I gave a lot within 4 days and services was very nice. The documentation process was went smooth. I used to pay the EMI of Rs. 4900. They charged me a processing fee around of Rs. 6000 and for insurance of Rs. 8000. For that insurance, medical insurance coverage also available.
      Was this review helpful? 0
      , madurai
      Reviewed on Jun 26, 2018
    • Fullerton Personal Loan
      "Good Company for Personal loan"
      0.5 4.0/5 "Great!"
      Fullerton interest rates are 24% but other banks are offering 14 to 17% as interest rates. I have applied for the loan of 1.81 lakhs but after the deduction of processing fee i have received only 1.70 lakhs. After submitted all my documents, they have increased my interest and annual fee. Their is a huge difference between charges before and after applying for the loan. I taken this loan last month
      Was this review helpful? 1
      , aurangabad
      Reviewed on Jun 25, 2018
    • Fullerton Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan has been very good and the loan amount which they had provided had been satisfactory as well. The rate of interest with them had been very good and there has not been any issues faced with the banking services which they are providing so far.
      Was this review helpful? 0
      , aurangabad
      Reviewed on Jun 25, 2018
    • Fullerton Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from Fullerton Rs. 1.7Lacs for 5 years I got the loan amount with in 3 days. Overall it has been a hassle free process taking personal loan from the Fullerton. The interest rate is okay. I never faced any issues during application.
      Was this review helpful? 0
      , rewa
      Reviewed on Jun 25, 2018
    • Fullerton Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with FULLERTON. The loan process was good. The customer service and responses was good . The loan amount was 3,60,000 and the interest rate was satisfactory .The tenure period was 4 years. The processing fee was nominal.
      Was this review helpful? 1
      , rajahmundry
      Reviewed on Jun 22, 2018
    • Fullerton Personal Loan
      "Better try with some other banks"
      0.5 3.0/5 "Satisfactory"
      Fullerton interest rates are too high. They have lots of verification process for that they have delayed the loan 20 days. Actually i have taken a loan of 1 lakhs but i have to pay 2.16 lakhs. For 60 months i have to pay 1 lakhs extra there must be a lots of hidden charges. They did not inform anything previously. Since I'm in need of money i have taken the money from them.
      Was this review helpful? 0
      , durgapur
      Reviewed on Jun 21, 2018
    • Fullerton Personal Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      Customer service is good one with the Fullerton and the rate of interest is very nice one too. I would like to say that the rate of interest is around 30% and the loan amount got disbursed within a week of time.
      Was this review helpful? 0
      , kakinada
      Reviewed on Jun 20, 2018
    • Fullerton Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      Customer service is good one for me with the Fullerton for the personal loan. Rate of interest is around 18% but they have committed me as it should be around 14%. I would like to say within fifteen days of time, the loan amount got disbursed.
      Was this review helpful? 0
      , guntur
      Reviewed on Jun 19, 2018
    • Fullerton Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      Rate of interest is on higher end for the personal loan with the Fullerton compare with other sources. I would like to say that the customer service was very nice like I got the loan amount within a month of time.
      Was this review helpful? 0
      , hubli
      Reviewed on Jun 13, 2018
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