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 3152 Users

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    Fullerton India SME Loans

    Overview about 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
      "Satisfied"
      0.5 4.0/5 "Great!"
      I don't have any complaint with the Fullerton for the personal loan. I would like to say that the rate of interest is the only constraint and nothing more than that like rest of the things are really up to the mark with the Fullerton.
      Was this review helpful? 0
      , goa
      Reviewed on Oct 17, 2017
    • Fullerton Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I felt the experience with Fullerton to be very good. The whole process took very little time. The paper work involved were minimal. I felt the rate of Interest also to my liking, I found a correct Financial service in the correct time. Their customer service is also good.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 16, 2017
    • Fullerton Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I experienced a bit of delay with FULLERTON for the personal loan. It took at-least 20 to 25 days to get the loan amount. The process of document collection was smooth, where an executive came over and collected the documents on time at one shot and everything was fine. The rate of interest was quit high and the processing charges as well
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 15, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The Fullerton personal loan tenure is for 4 years. The rate of interest which they have offered was high when compared with others. The customer service is good with Fullerton and they just taken 4 days to disburse my loan amount. I am satisfied with the loan amount.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 14, 2017
    • Fullerton Personal Loan
      "Bad"
      0.5 1.0/5 "Really Bad"
      Customer service was not up to the mark i would say for FULLERTON INDIA . They provided me 33% of floating rate of interest which was serious high and the processing fee they charged was 6k they did not approve me the whole amount they only gave approval of one lakh as i asked for two 2 lakh . They charged me twelve thousand for no reason and every thing was told me to in a proper way.
      Was this review helpful? 0
      , belgaum
      Reviewed on Oct 14, 2017
    • Fullerton Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Customer service was good one with the Fullerton and the response was fine with them for the personal loan. I am totally happy with the Fullerton and I don't have any issues with them.
      Was this review helpful? 0
      , bhopal
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "Satisfied"
      0.5 3.5/5 "Pretty good"
      I have got the personal loan with the Fullerton for the interest rate as 33%. I would like to say that the customer service was good one for me and the loan amount got disbrused within a week of time.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from FULLERTON, i am very happy that my loan application was approved and the required loan amount was disbursed. The customer service and response was very good, i did not expect that the process will be very fast and my loan amount was approved within a week so i am very much satisfied. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Fullerton was good in the services and process and the experience has been good.The drawback is I did not get the loan as per my expectations,They have charged me so much and the Rate of Interest was also very high,need to look into it,Fullerton took normal time to complete the process, and their services where good and the executive came and collected the documents It took with in a weeks to complete the entire process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Fullerton was good in the services and process and the experience has been very good as I got the loan as per my expectations.Customer service and response was good. Fullerton took normal time to complete the process, and their services where good and the executive came and collected the documents It took 20 to 25 days to complete the entire process.Honestly speaking the loan would have got disbursed before hand, as I was not in station the process was extended a bit.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "Nice site"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com site is very nice and quick loan Very good service as of now. Customer service is very good, response is very fast and as per customer's convince. Multiple options for customer to choose with, be it any type of product, customer response, etc. Over all bankbazaar is doing a great job.
      Was this review helpful? 0
      , thane
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "Huge Interest Rate"
      0.5 1.0/5 "Really Bad"
      It was an emergency that I took a loan with Fullertron, and that would all be the reason. I had a very bad experience with them. First of all I asked for Rs.1 Lakh but the amount that got approved was Rs.83000. When it came to hand the actual amount that I recieved was around Rs.72000. With the interest rate of 33% the whole thing looks to redicolous to handle.
      Was this review helpful? 0
      , bharuch
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      Fullerton executive came to my place and collected my required documents and they have done with their verification process. They have taken around a week time to disburse my loan amount. The rate of interest is high with Fullerton when compared with others. I got the insurance along with the personal loan but they haven't provided new health cards.
      Was this review helpful? 0
      , guntur
      Reviewed on Oct 12, 2017
    • Fullerton Personal Loan
      "Overall process is good"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan from Fullerton and the process is excellent. I got the loan on time and I am happy that the loan amount that was disbursed as per my request. I was also comfortable with the interest rate and processing charges. It is normal.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Oct 12, 2017
    • Fullerton Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      Fullerton India gave me 33% of interest it was extremely high. Hence I transfered the loan into ICICI, I took the amount of Rs.1 lakh for the tenure of four years. Fullerton charged me balance transfer processing fee as Rs.7000 its really bad.
      Was this review helpful? 0
      , jorhat
      Reviewed on Oct 12, 2017
    • Fullerton Personal Loan
      "Very high interest rate"
      0.5 2.0/5 "Expected more"
      The application process was very simple and took me very few days to complete all the formalities. I had a good experience with them. To be frank the interest rate of 27.5% is very high. They informed me that rate of interest would be reduced but nothing as such has happened untill now.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 12, 2017
    • Fullerton Personal Loan
      "Service is good. But very high on rate of interest"
      0.5 4.0/5 "Great!"
      Overall it was very good experience Fullerton for the personal loan. The process was on time. My paper work was collected on time and the loan amount was as per my expectation. The major drawback is the extreme high rate of interest. I was offered a rate of around 30%.
      Was this review helpful? 0
      , guwahati
      Reviewed on Oct 12, 2017
    • Fullerton Personal Loan
      "average service"
      0.5 2.0/5 "Expected more"
      I am not happy with the service of FULLERTON ,I have submitted 60 % of my documents which they as still there was no proper response from them ,customer service is not even helpful ,I am very much disappointed with their overall service of FULLERTON for my personal loan service.
      Was this review helpful? 0
      , eluru
      Reviewed on Oct 11, 2017
    • Fullerton Personal Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      It has not been a very satisfactory experience also with Fullerton the loan amount which i opted for that i dint receive,Initially they said the loan amount i opted for is 1.9 laks.later they informed me that loan amount 1.9 cannot be process only 1.3 laks can be processed when i asked y this much low amount they said they can process this much only,,documents have been submitted my myself,i did not receive any statement Rate Of Interest was 33% and processing fee was 10000/- and 6000k was charged separately that which i don't know for what. I applied loan on 25th of Jan and received amount on 3rd Feb.
      Was this review helpful? 0
      , jabalpur
      Reviewed on Oct 09, 2017
    • Fullerton Personal Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      It has not been a very satisfactory experience also with Fullerton the loan amount which i opted for that i dint receive,Initially they said the loan amount i opted for is 1.9 laks.later they informed me that loan amount 1.9 cannot be process only 1.3 laks can be processed when i asked y this much low amount they said they can process this much only,,documents have been submitted my myself,i did not receive any statement Rate Of Interest was 33% and processing fee was 10000/- and 6000k was charged separately that which i don't know for what. I applied loan on 25th of Jan and received amount on 3rd Feb.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 09, 2017
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