Fullerton Business Loan Interest Rate Calculator - Jan 2017

Fullerton India Business Loan Interest Rates

Last Updated 17th Jan 2017
Self Employed
Interest Rate 20.00% - 33.50%
Lowest EMI Rs. 3,043 per lakh
Tenure From 12 months to 48 months
Loan Amount Min Rs. 150,000 and Max Rs. 5,000,000
Processing Fee 2%
Part Prepayment, Charges Allowed after 6 EMI's, Prepayment charges vary by months: upto 17 months - 7%, 18-23 months - 5%, 24-35 months - 3%
Early Foreclosure, Charges Allowed after 6 EMI's, Prepayment charges vary by months: upto 17 months - 7%, 18-23 months - 5%, 24-35 months - 3%
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Fullerton India Business Loan

Fullerton India gives the facility of business loan to the people who need finance to expand their business. There are some benefits of taking business loan from Fullerton India:
  • You can prepay part of your loan anytime after paying 1% prepayment charges
  • You can foreclose your entire Business loan anytime after paying the forclosure charges

Business Loan Fullerton

Business loan interest rates offered by Fullerton India are fixed as well as floating
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in Fullerton India benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in Fullerton India benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates
Fullerton India Business Loan Interest Rate depends upon
  • 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
  • CIBIL Score: Fullerton India offers business loan at higher interest rate if your CIBIL score is poor or vice versa
  • Monthly Revenue: Fullerton India will avail you business loan at lower interest rate if you have higher monthly revenue
  • Time in Business: Fullerton India offers business loan at lower rates if you are doing business since long time

Business Loan Charges

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 business loan after paying 6 EMI’s with prepayment charges
Processing Fee- Fullerton India asks for a processing fee of 2% of loan amount with applicable service tax

Fullerton Business Loan EMI Calculator

Business Loan EMI is a fixed amount that you pay each month towards the repayment of your business loan till the end of tenure. Lowest EMI offered by Fullerton India is 3,043 per lakh loan amount. Business loan EMI of Fullerton India depends on factors like:
  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 48 months business loan from Fullerton India at interest rate of 20.00% per annum, EMI will be Rs. 3,043 per Rs. one lakh loan amount. At interest rate of 33.50% for the same loan, the EMI will be Rs. 3,807
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At interest rate of 20.00% per annum, the EMI on Fullerton India business loan would range from Rs. 9,263 to Rs. 3,043 for loan tenure ranging from 12 to 48 months
  • Amount Borrowed: Fullerton India Loan EMI will be high if you apply for a high loan amount. For amount borrowed 150,000, the EMI at 20.00% for 48 months would be 4,565. Similarly for amount borrowed 5,000,000, the EMI at 20.00% for 48 months would be 152,152.

What are the benefits of calculating business loan EMI?

  • Business loan EMI calculator of Fullerton India helps you to calculate your monthly EMI at different rate of interest
  • Fullerton India EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
Estimated EMI online by using EMI Calculator.

Fullerton Business Loan Eligibility Calculator

Business loan eligibility criteria Fullerton India

Eligibility of Business loan in Fullerton India relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Profitability: Business loan eligibility significantly depends upon profitability status and future prospects of your business. Fullerton India requires profit for minimum 2 years and minimum business turnover of 10 Lakh-100 Cr
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan. Fullerton India requires minimum business track record of 36 months. Your ITR details for minimum 3 year and bank statement for minimum 6 months will be required by Fullerton India
  • CIBIL Score: When checking eligibility for business loan, Fullerton India will look at the complete CIBIL report. Fullerton India will check your repayment history for all current and past loans and credit cards.
Popular Products:
  • Term Loan

Business Loan Fullerton documents required

  • Address proof of individual: Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills.
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhar 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 3 year
  • Bank statement of last 6 months

Compare Fullerton Business Loan

Fullerton Business Loan in India

Fullerton India Business Loan Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 1800-103-6001
Ahmedabad 1800-103-6001
Ambala 1800-103-6001
Anand 1800-103-6001
Aurangabad 1800-103-6001
Bangalore 1800-103-6001
Bhilai 1800-103-6001
Bhilwara 1800-103-6001
Bhiwadi 1800-103-6001
Bhopal 1800-103-6001
Bhubaneswar Cuttack 1800-103-6001
Bikaner 1800-103-6001
Chandigarh 1800-103-6001
Chennai 1800-103-6001
Cochin 1800-103-6001
Coimbatore 1800-103-6001
Dehradun 1800-103-6001
Delhi 1800-103-6001
Durg 1800-103-6001
Faridabad 1800-103-6001
Gandhinagar 1800-103-6001
Ghaziabad 1800-103-6001
Goa 1800-103-6001
Greater Noida 1800-103-6001
Gurgaon 1800-103-6001
Guwahati 1800-103-6001
Gwalior 1800-103-6001
Hyderabad 1800-103-6001
Indore 1800-103-6001
Jabalpur 1800-103-6001
Jaipur 1800-103-6001
Jalandhar 1800-103-6001
Jodhpur 1800-103-6001
Kanpur 1800-103-6001
Karnal 1800-103-6001
Kolhapur 1800-103-6001
Kolkata 1800-103-6001
Kota 1800-103-6001
Kozhikode 1800-103-6001
Lucknow 1800-103-6001
Ludhiana 1800-103-6001
Madurai 1800-103-6001
Meerut 1800-103-6001
Mehsana 1800-103-6001
Mohali Sas Nagar 1800-103-6001
Mumbai 1800-103-6001
Mussoorie 1800-103-6001
Nagpur 1800-103-6001
Nashik 1800-103-6001
Noida 1800-103-6001
Noida Extn. 1800-103-6001
Panipat 1800-103-6001
Patna 1800-103-6001
Pondicherry 1800-103-6001
Pune 1800-103-6001
Raipur 1800-103-6001
Rajkot 1800-103-6001
Ranchi 1800-103-6001
Rohtak 1800-103-6001
Roorkee 1800-103-6001
Salem 1800-103-6001
Shimla 1800-103-6001
Sonepat 1800-103-6001
Surat 1800-103-6001
Trichy 1800-103-6001
Udaipur 1800-103-6001
Vadodara 1800-103-6001
Varanasi 1800-103-6001
Vijaywada 1800-103-6001
Vizag 1800-103-6001
Fullerton Business Loan News - Jan 2017
28th Jul 16 Fullerton India eyeing 25 to 30 per cent growth this fiscal
Fullerton India Credit Company (FICC) expects to grow at 25 to 30 per cent over the next three years. The loan portfolio of the company is around Rs. 12,000 crore. Having grown at a good pace during the past three years when the economy was a bit slow, the company has good reason to be optimistic as the economy begins to gather momentum. The sales of two wheeler and commercial vehicles are a bit high which indicates that Fullerton can look forward to some growth this year. The company will focus more on commercial vehicle lending and home finance.
20th Jun 16 Fullerton India net profit surges 32 per cent in FY16
Fullerton India has reported 32.1 per cent rise in its net earnings to Rs 397.6 crore for the financial year ending March 31, 2016. It had a profit after tax of Rs 301 crore in the previous fiscal 2014-15. The AUM of the company grew by 33 per cent to Rs 11,508 crore in fiscal 2015-16. Fullerton India is working at increasing their AUM to around Rs. 14000 crore and opening of 50 branches at this fiscal end. Fullerton India is focusing at both rural and urban businesses and expecting growth from the expanded network.
04th Feb 16 Fullerton India launches housing finance company Grihashakti
Fullerton has opened a housing finance company under the brand name Grihashakti which will operate through 20 branches across 7 states in India
04th Feb 16 Fullerton India targets to disburse Rs 5,000 crore in five years
Fullerton India Home Finance Co Ltd, a newly launched home finance company of Fullerton India, is focusing on the mass housing market in the country and expecting to disburse around Rs 4,000-5,000 crore in the next four to five years. The company has an equity base of Rs 150 crore invested by its parent company, will look at further fund raising mainly through debt. Fullerton India wants to increase their business in property advisory services, lending to builders and others over a period of time. Fullerton India currently has around 445 branches, covering 600 towns and close to 42,000 villages.
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