Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Fullerton India SME Loans

    We found 1 Fullerton India SME Loans

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    Fullerton India SME Loans is Rated as "Pretty good" by 2982 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

    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.

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  • Fullerton India SME Loans Reviews

    • Fullerton Personal Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      When I applied for the personal loan through online source with Fullerton, the interest rate was very high. So I closed the application. After a while, Fullerton approached me and quoted lower interest rate than earlier one. So I submitted all the documents with them and I am waiting for their response.
      Was this review helpful? 0
      , chennai
      Reviewed on May 27, 2017
    • Fullerton Personal Loan
      "Interest rate has to be improved"
      0.5 3.0/5 "Satisfactory"
      When I was applied for the personal loan with Fullerton, than there was no requirement. Hence I closed the loan application. Fullerton India people have called and informed about the loan process. But Interest rate is high for the loan products.
      Was this review helpful? 0
      , faridabad
      Reviewed on May 27, 2017
    • Fullerton Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I recently applied for the personal loan with Fullerton but as I did not completed a year in the current company I had to close my application for time being. There is some limited experience required it seems. Fullerton responded well when I approached them, I had no issues with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 27, 2017
    • Fullerton Personal Loan
      "Good service can decrease the interest rate"
      0.5 5.0/5 "Blown Away!"
      Due to the house renovation work, I cannot proceed with the documentation process in regards with my personal with ICICI bank. The response and the customer support was good with ICICI bank. The rate of interest is high, when compared with others. ICICI documentation process can be changed in future.
      Was this review helpful? 0
      , jamnagar
      Reviewed on May 26, 2017
    • Fullerton Personal Loan
      "Need lot of improvement"
      0.5 3.0/5 "Satisfactory"
      Fullerton promised that they will come over and collect the documents in regards with my personal loan application. But none turned up and they haven't give a call back too. No one is offering for the personal loan if the salary is low with the customers I would like to suggest that Fullerton has to fulfill their promises to the customers. The rate of interest is high when compared with others.
      Was this review helpful? 0
      , kakinada
      Reviewed on May 26, 2017
    • Fullerton Personal Loan
      "Reduce the interest rate"
      0.5 1.0/5 "Really Bad"
      I did not availed the personal loan with the Fullerton because the interest rate was huge like it was around 17%. Customer service was good and they have responded properly for my call and I would like to suggest that they can reduce the rate of interest only.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 26, 2017
    • Fullerton Personal Loan
      "Need improvement"
      0.5 1.0/5 "Really Bad"
      I didn't got proper response from the Fullerton . They didn't even explained me about the product. I would like to suggest Fullerton to improve their service with good response . The rate of interest is very high when compared with others. It would be great if they decrease their interest rate.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 26, 2017
    • Fullerton Personal Loan
      "Good and excellent"
      0.5 3.0/5 "Satisfactory"
      I haven't received any kind of status updation about my personal loan application. They have made a call and explained me about the product, after that they have not informed that why my loan got canceled. I would suggest Fullerton can work customer centric in future. Overall I can say I am satisfied with the service.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I did get a proper response from Fullerton after me applying for a personal loan They were on time to contact me and give me details. I did not wish to go ahead for the loan as the rate of interest and processing charges was very high from them but no other option I had taken with them with 22% Rate of Interest.
      Was this review helpful? 1
      , pune
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Not satisfactory"
      0.5 1.0/5 "Really Bad"
      Fullerton has not been responsive for my personal loan application. Initially I received a response and later there were no follow up calls to collect the papers. Not a very good experience. The interest rate and the processing charges was on the average side.
      Was this review helpful? 0
      , anantapur
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Satified service"
      0.5 1.0/5 "Really Bad"
      Fullerton charges very high interest rate in concern to the personal loan product, that was the reason , I haven't got the loan with Fullerton. In the other hand they gave good response and better follow up with my personal loan application. Overall I am satisfied with their service.
      Was this review helpful? 0
      , solapur
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Average service & high ROI"
      0.5 3.0/5 "Satisfactory"
      Fullerton contacted me initially for the personal loan and finally they did not come over to collect the documents as promised and there were no calls from them later. So I did not proceed for the loan and I went ahead with another bank. The interest rate was high as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      My current experience with Fullerton for the personal loan was good as well. The document collection and process is quick and they are recommendable only because of the fast process and for an emergency. But not for the rate of interest. I got a rate of 16% this time.
      Was this review helpful? 0
      , nagercoil
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Extremely High on ROI & charges"
      0.5 4.0/5 "Great!"
      My first experience with Fullerton for a personal loan was four years back. The rate of interest was extremely high. I was offered a rate of 24% and the processing charges was high too. The customer services are good and they are fast in the process.
      Was this review helpful? 0
      , nagercoil
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Improvement needed"
      0.5 2.0/5 "Expected more"
      Fullerton was not providing proper customer support service, they were actually providing a very late response also they were taking too much of time to provide the status of the product. The rate of interest is very high when compared with others and that was the reason why I cannot proceed further for the loan. I would suggest Fullerton to improvise their service.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "High on ROI"
      0.5 5.0/5 "Blown Away!"
      I did get a proper response from Fullerton after me applying for a personal loan. They were on time to contact me and give me details. I did not wish to go ahead for the loan as the rate of interest and processing charges was very high and I went ahead with another bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "High ROI & charges"
      0.5 3.5/5 "Pretty good"
      Since I was not in town I could not submit the documents for the personal loan at Fullerton. More over the rate of interest was extremely high and so was the processing charges. I got a rate of 19%. The services and response was on time to check on my requirement.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "Response has to be improved"
      0.5 2.0/5 "Expected more"
      I have applied for the personal loan before two months, there was no response from Fullerton, I didn't receive any welcome call regarding their loan process. Still now I am not aware why my application got rejected. Fullerton India didn't send any mail regarding the status.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "They should reduce the interst rate and other charges"
      0.5 1.0/5 "Really Bad"
      Fullerton offered me the high interest rate it was around 18% it is extremely high, I am disappointed with that interest rate then I thought not to process with them. Meanwhile they didn't reach me on loan process. Therefore I didn't proceed with Fullerton.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 24, 2017
    • Fullerton Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Initially I thought Fullerton India interest rate is high on personal loan hence I denied to process with them, then I found Fullerton interest rate is nominal compared to other bank, so I requested them to reopen the application but Fullerton executives told to re apply after a month. Now I am fine with their process.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
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