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  • Fullerton India SME Loans is Rated as "Pretty good" by 3425 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
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The services are very nice in Fullerton. I am very much happy with the response. The rate of interest and charges are okay to me. They are given me a personal loan on the right time which was very helpful to me. The executive came and took the documents at my doorstep.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 13, 2018
    • Fullerton Personal Loan
      "Processing should be reduced"
      0.5 5.0/5 "Blown Away!"
      I have Fullerton personal loan, they disbursed the loan amount within 3 days and also they gave me good interest rate of 11.5% for 12 months. But I am not okay with the processing fee of 2% its high from the disbursement.They do have pre closure and part payment option.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 09, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with FULLTERON INSTITUTION , the tenure period is 5year and i use to pay EMI on time . They charge 7000 rs processing fee . It was good, application process was smooth an hassle free. I got the loan amount with in a week. Service is up to the mark .
      Was this review helpful? 0
      , madurai
      Reviewed on Nov 08, 2018
    • Fullerton Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      There is no particular reason for taking the personal loan with the FULLERTON but the loan amount is not sufficient, because i have opted for higher amount. The rate of interest is nominal also the processing fee is there. The customer service is good.
      Was this review helpful? 1
      , amritsar
      Reviewed on Nov 07, 2018
    • Fullerton Personal Loan
      "Interest should be reasonble "
      0.5 5.0/5 "Blown Away!"
      I got quick reply from the fullerton for the loan process, even whenever I reach them for any queries they have responded well. But I am not happy with the interest rate, they charged me around 18% for the loan amount of Rs. 1 lakh for the total tenure of 5 years.
      Was this review helpful? 1
      , aurangabad
      Reviewed on Nov 05, 2018
    • Fullerton Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan with the FULLERTON where the process of getting the loan is simple and quick process also the documentation is easy to get the loan. The loan amount is sufficient and the rate of interest is 29% which is higher than others.
      Was this review helpful? 0
      , kakinada
      Reviewed on Nov 03, 2018
    • Fullerton Personal Loan
      "Loan process is simple"
      0.5 3.0/5 "Satisfactory"
      There is no particular reason for choosing the Fullerton for my personal loan. The loan amount got disbursed little bit delayed. The interest rates are high and processing fee is okay. I have got a interest rate of 17% and i'm not happy about it. I have applied the loan amount of Rs. 2 lakhs and i have got the same within a week. The documentation process was fine.
      Was this review helpful? 0
      , karur
      Reviewed on Nov 01, 2018
    • Fullerton Personal Loan
      "Time taking loan process"
      0.5 3.5/5 "Pretty good"
      Their process for availing a personal loan its taking almost one month. They have offered me a interest rate of 13% and the processing fee was 2%. Actually i have applied the loan amount of Rs. 6 lakhs and they have given only Rs. 3 lakhs. I'm not satisfied with the Fullerton customer and there is no proper response in their customer care when i apply for the loan.
      Was this review helpful? 0
      , nellore
      Reviewed on Nov 01, 2018
    • Fullerton Personal Loan
      "Interest rates should come down."
      0.5 4.0/5 "Great!"
      I applied for a Personal Loan and my application was processed quick by Fullerton Bank. They helped me when i was in need of money. But the interest rates here are high big time. So would request bank to lower this if possible. This loan has a 3 year tenuity period.
      Was this review helpful? 0
      , vapi
      Reviewed on Nov 01, 2018
    • Fullerton Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with Fullerton for personal loan, the loan amount was based on my requirement with the tenure period of 5 years and with nominal interest rate. The process was smooth and i received my loan amount within 10 days. Customer service was good and they followed up on time.
      Was this review helpful? 1
      , nellore
      Reviewed on Oct 31, 2018
    • Fullerton Personal Loan
      "Good service but intrest rate is high "
      0.5 4.0/5 "Great!"
      My personal loan was taken by FULLETRON , in a couple of month the loan is going to close . The tenure period was 48month , and processing fee was too nominal . They provide nominal rate of interest with this bank . The process was good services was average with this bank .
      Was this review helpful? 2
      , hyderabad
      Reviewed on Oct 31, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      It was a good experience with Fullerton for personal loan, the loan amount was for Rs 1.4 lacs for 5 years with nominal interest rate. The process was smooth and i received my loan amount within 10 days. Customer service was good and they followed up on time.
      Was this review helpful? 2
      , erode
      Reviewed on Oct 24, 2018
    • Fullerton Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience in getting this loan has been good and the loan amount which they had provided has been satisfactory as well. The processing fee has been nominal but the interest rate has been high when compared with the market rate where they had been charging around 23.5%.
      Was this review helpful? 3
      , jaipur
      Reviewed on Oct 19, 2018
    • Fullerton Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I had a very good experience by taking the personal loan with FULLERTON. I got sufficient loan amount within 3 days my loan got approved. Processing fee is 12k and the rate of interest is for 17.50%. The customer support is good added on that the duration is 3 years.
      Was this review helpful? 2
      , dindigul
      Reviewed on Oct 18, 2018
    • Fullerton Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I had taken my personal loan fom Fullerton India and it has a good experience i had with them . i am satisfied with loan amount which they have given to m and even i am happy with tenure period as well,they rate of interest and the processing fee is nominal they have charge me.
      Was this review helpful? 9
      , kolkata
      Reviewed on Oct 15, 2018
    • Fullerton Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this loan a long time back and it has been a good experience i had with them. The loan amount which they had provided had been satisfactory and there has not been any additional charges which they had with them. The interest rate with them also had been nominal as well and their customer support also had been good as well.
      Was this review helpful? 5
      , chennai
      Reviewed on Oct 12, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The process was very smooth with Fullerton personal loan application, i received my loan amount within 4 days. The loan amount was for Rs 1 lac with the tenure period of 5 years and with high interest rate. Customer service was good and they collected documents on time.
      Was this review helpful? 4
      , ranchi
      Reviewed on Oct 11, 2018
    • Fullerton Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with FULLETRON INSTITUTION , i am happy with this bank , they provide within 15 days my loan amount . They charge 11% of interest rate and tenure period is 3year . They provide 120000 of loan but i got 99000 after deducting . I use to pay 5500 of EMI.
      Was this review helpful? 7
      , nellore
      Reviewed on Sep 16, 2018
    • Fullerton Personal Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      My experience with Fullerton for personal loan was good, the process took 20 days to complete. I have requested the loan amount for Rs 1 lac but they gave only Rs 85000 and the balance Rs 15000 is for ICICI Lombard insurance premium. The rate of interest is high when compared to others and the customer service was good with Fullerton,.
      Was this review helpful? 3
      , rajahmundry
      Reviewed on Sep 12, 2018
    • Fullerton Personal Loan
      "Not satified"
      0.5 1.0/5 "Really Bad"
      I have taken my personal loan with FULLERTON. The loan amount was 4,10,000 and the interest rate was not satisfactory. The information was not given properly. I couldn't contact them and there is no proper responses other than that the process was very quick and hassle free .
      Was this review helpful? 5
      , tirupati
      Reviewed on Sep 12, 2018
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