2,00,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 1,000* on Business Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

Fullerton Business Loan Jul 2021

Fullerton Business Loan Interest Rates India

Last Updated 08th Jun 2021

Fullerton India offers Business Loan starting at interest rate of 17.00%. The rates vary by loan amount, occupation and type of loan availed. Check Best Offers

Interest Rate 17.00%
Processing Fee 2%
Tenure From 12 months to 48 months
Lowest EMI per lakh ₹ 2,886
Loan Amount Min ₹ 1.50 Lakh and Max ₹ 20 Lakh
Part Payment Facility Allowed after 6 EMI's, 3 - 7%
Foreclosure Facility Allowed after 6 EMI's, 3 - 7%

Secure online process and systems

Apply for Business Loan @ 14.00%*

Fullerton Business Loan Details

Fullerton India offers multiple business loan products for self-employed professionals and non-professionals at low rates. Below-mentioned are the details of the business loan Fullerton India.

Key Features of Fullerton Business Loans
  • Purpose of Loan: You can avail Fullerton business loan to expand or modernise your business, purchase assets, set up new units etc.
  • Loan available for self employed professionals and non-professionals.
  • Borrowers within the age group of 27 and 65 years can avail Fullerton business loan.
  • Security: Both Secured & Unsecured
  • Loan Tenure can range from 12 to 48 years.
  • Fullerton business loan interest rates are in the range of 17.00% to 21.00 %.
  • Fullerton Bank business loan EMI per lakh starts from ₹ 2,886.
  • Processing Fee: 2%
  • Special schemes: Some of the special business loan offers of Fullerton are:

What are the Features and Benefits of Fullerton Business Loan?

You can apply for Fullerton business loan to expand your business or for working capital requirements such as purchasing machinery, paying salaries etc. Some of the benefits and features that Fullerton business loans offer to the borrowers are listed as follows:

  • Secure online process and systems
  • Easy approval and minimum documentation
  • No collateral or guarantor required

Factors affecting Fullerton Business Loan Rates

There are multiple factors on which Fullerton India calculates your interest rate. Some of these factors are -

Loan amount

Business loan rate in Fullerton India depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate. Bank gives loan of minimum ₹ 1.50 Lakh to upto ₹ 20 Lakh. Interest rate for high loan amounts can be lower resulting in lower EMIs.

CIBIL Score

Fullerton India offers business loans at higher interest rate if your CIBIL score is low or vice versa. However, to get a loan from Fullerton India, your CIBIL score should be at least 700. Higher the CIBIL Score, higher the chances of getting a loan at lowest business loan interest.

Revenue

Fullerton India will offer you a loan at a lower interest rate if you have higher monthly revenue. Bank gives loan to the borrowers whose annual turnover is at least ₹ 20,00,000

Time in Business

Fullerton India offers loans at lower rates if you have significant business experience. Minimum business existence to get a business loan from Fullerton India is 36 months.

Lowest Fullerton India Business Loan Interest Rates

With effect from 08 Jun, 2021, Fullerton India offers business loans starting at 17.00%. The lowest business loan rates offered by Fullerton India have been dropped by 3%, from the earlier rate of 20.00%.

Fullerton India Business Loan Rate Trends of Last 1 Year

Last Updated Date Interest Rates
08 Jun, 2021 17.00%
31 Mar, 2021 20.00%
25 Mar, 2021 20.00%
07 Jan, 2021 20.00%
12 Aug, 2020 20.00%

Fullerton Business Loan Eligibility Criteria

To avail Fullerton India business loan, you need to fulfill the eligibility criteria as mentioned below:

  • Age : Fullerton India offers business loan to those who are at least 27 years old at the time of loan approval and maximum 65 years at the time of loan maturity.
  • Loan Amount : Based on the loan amount eligibility, Fullerton India gives you loan amount ranging from ₹ 1.50 Lakh to ₹ 20 Lakh. To improve chances of approval, apply for a loan amount that you can comfortably service.
  • Profitability and Revenue : Fullerton India requires profit for minimum 2 years and minimum business turnover of ₹ 20,00,000.
  • Business Stability : Fullerton India requires a minimum business track record of 36 months. The bank will also look for minimum growth in sales for the last three year. A decline in sales for a certain period or below a certain limit might impact your eligibility to get a loan.
  • ITR and Banking : Fullerton India gives loan only after checking your income tax return and bank statements. The bank requires you to submit your ITR details and bank statements for a minimum of 36 months & 6 months respectively.
  • CIBIL Score : Fullerton India will check your repayment history for all current and past loans and credit cards. The Bank advises you to maintain a score of 750 and above to get loan approval.

Fullerton India Business Loan Products

Fullerton India offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

Term Loan
  • Fullerton India offers term loans up to Rs 50 lakhs with flexible repayment option. The loan is collateral-free and is easily accessible.

Fullerton India Business Loan Fees and Charges

In addition to interest rates, business loan also carry some other charges which include:

  • Foreclosure Charges : These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Fullerton India allows prepayment of loan after paying 6 EMI’s with prepayment charges - 3 - 7%
  • Processing Fee : Fullerton India asks for a processing fee of 2% with applicable service tax

Documents Required for Fullerton Business Loan

To apply for Fullerton business loan, you need to submit the following documents:

  • Address proof of individual: Aadhaar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhaar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI
  • Copy of Income Tax PAN for 24 months
  • Bank statement of last 6 months

Fullerton Business Loan Eligibility Calculator

You can calculate your eligibility for Fullerton India business loan using an online Fullerton business loan eligibility calculator. It is an online tool that gives you an estimate about your loan eligibility, amount of loan and the best interest rate offer you can avail. It calculates the business loan eligibility on multiple factors. These factors include age, loan amount, loan tenure and Income etc. to calculate the loan amount eligibility of its borrowers.

How to Apply Fullerton India Business Loan Online at MyLoanCare?

  • In order to get the best offers on a business loan and compare Fullerton business loans with other banks, you can apply online through MyLoanCare here.  
  • MyLoanCare will give you a detailed comparison of business loan schemes of all banks, calculate your business loan eligibility and connect you to the customer representatives of the  Fullerton India.
  • Further, you will also be assisted by a dedicated MyLoanCare loan executive who will ensure that the process of getting a loan is smooth, convenient and quick.

FAQs

Why to take business loan from Fullerton India?

Fullerton India is one of the largest HFC sector banks in the country that provides lowest business loans starting at 17.00%. The bank also charges a low processing fee starting from 2%. Along with that, the bank also offers special business loan schemes such as Term Loan , & etc.

Has Fullerton India reduced the business loan interest rate?

Fullerton Indiahas reduced the lowest interest on business loan as effective from 08 Jun, 2021. Presently, Fullerton India offers the business loan starting at 17.00%, which is a decrease of 3% from the previous rates of 17.00%. Earlier, Fullerton India changed its gold loan rate on 31 03, 2021.

What is the interest charged on Fullerton India business loan?

Fullerton India offers business loans at attractive rates ranging from 17.00% to 21.00%.The bank also provides various customised offers for self employed professionals to get loan at a very low rate of interest.

What is the lowest EMI per lakh on business loan from Fullerton India?

If you apply for loan from Fullerton India, your lowest EMI per lakh will be ₹ 2,886.You can calculate your EMI on business loan for different tenures at min business rate starting at 17.00% using MyLoanCare business loan EMI calculator.

What is the minimum and maximum tenure of business loan in Fullerton India?

These loans are shorter tenure loans. You can repay your loan in a flexible period of minimum 12 months to maximum 48 months.

How much business loan amount I can borrow from Fullerton India?

Fullerton India offers you business loan for loan amount ranging from ₹ 1.50 Lakh to a maximum amount of ₹ 20 Lakh. Loan amount eligibility in Fullerton further depends upon your income, and repayment capability.

What is the processing fee charged by Fullerton India on business loan?

Fullerton India charges a processing fee 2% with applicable tax.The processing can be negotiated if you are an existing customer or have a good track record.

Is age an eligibility factor to get loan for business from Fullerton India?

Yes, age is an important eligibility factor to get a business loan as you should be at least 27 years old at loan approval time and 65 years old at loan maturity time.

What are the prepayment charges on business loan from Fullerton India?

Bank charges a prepayment fee in case you want to repay your entire loan amount before the end of tenure period. The fee charged by Fullerton India is 3 - 7%.

What are the business products offered by Fullerton India?

Fullerton India offers various business products for self-employed professionals and non-professionals. These are listed below:

  • Term Loan

What is the time period of repayment of business loans in Fullerton India?

Fullerton India provides business loans for a maximum tenure of 48 years. You must repay your loan at the end of this loan tenure to avoid any late payment penalty.

Fullerton India Business Loan Customer Care Toll Free Number
City Customer Care Number
Agra 1800-103-6001
Ahmedabad 1800-103-6001
Ambala 1800-103-6001
Anand 1800-103-6001
Aurangabad Bihar 1800-103-6001

Fullerton India Business Loan Reviews 3.5/5  by 2 customers
MyLoanCare Service
3.5/5.0
Banks Service
3.5/5.0
Shekhar Rao, Bangalore
Reviewed on 03rd Feb 2017
4 / 5 stars
Fullerton India Business Loan Availed in

Prompt service.Helped me in getting the applied loan amount with quick disbursal.Read more...

Arvind Dixit, Pune
Reviewed on 26th Jul 2016
3 / 5 stars
Fullerton India Business Loan Availed in

Rates offered and processing fee charged was higher but overall process was smooth.Read more...

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.65%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 7.20%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Fullerton India Business Loan News - Jul 2021
  • 2019-06-14 : Fullerton India Home Finance Company opens a new branch in Vijayawada
    NBFC Fullerton India Home Finance Company Limited which operates under the brand Grihashakti has launched its new branch in Vijayawada at Bhaskar Plaza, 4th Floor, Gopala Reddy Road, Governorpeta. With the opening of this new branch, the total number of bank branches has reached 82 in Andhra Pradesh. The bank branch will offer facilities like savings account deposits, loans, including personal loans, and business loans.
  • 2017-04-29 : IFC to invest $100 million dollars in Fullerton India Credit Company bond issue
    IFC (international finance corporation) has proposed to invest $100 million in Temasek Holdings owned Fullerton India credit company through subscription to the masala bonds or NCDs. The objective stated by the financial institution behind this funding is to uplift the economically backward segment.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Loader
Please wait while your information is being processed...