Fullerton India Business Loan

Interest Rate starts from 18.00%
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Business Loan From Fullerton India

Boost your Business with Quick and Hassle free Business Loans from ApnaLoanBazaar provided from various banks across India.
Interest Rate starts from
18.00 * %
Processing Fee
2.00% *
Loan Tenure
Upto 3 Years
Guarantor Requirement
No
Part-Payment
Not Allowed
Pre-Closure Charges
3%

About Fullerton India

Fullerton India launched commercial operations in January 2007. We have since established ourselves firmly in the country's financial landscape, with a network of over 361 branches across the country, serving over a million customers. Fullerton India Credit Company Limited is a wholly owned subsidiary of Fullerton Financial Holdings Pte. Ltd., which in turn is a wholly owned subsidiary of Temasek Holdings, Singapore. Fullerton Financial Holdings invests in financial institutions in emerging markets with a focus on Business and Consumer banking.

Highlights

Flame Award for 'Excellence in Rural Marketing & Communication', 2014
Rural Marketing Award for 'Most Effective Use of Direct Marketing to Rural Consumer, 2014
ABP News Global CSR Award for' Community Development' & 'CSR Leadership', 2014
Asset Award - Best Electronic Banking Implementation, 2014
ABP News BFSI Award for ‘Innovative Initiative in Social Sector’ & ‘Best Use of Mobile Technology in Financial Services’, 2014
Golden Peacock 'Innovative Product' Award, 2014

FAQs About Fullerton India Business Loan

Is there any age eligibility criterion for me to apply for a Business Loan?
  • You need to be at least 27 years of age to apply for a Business Loan under the 'Self Employed Business Category'. A relaxation of 2 years will be made if you are a non-professional. You cannot exceed 65 years of age at the time of Loan Maturity.
Are there any eligibility criteria that my business entity should meet for me to apply for a loan?
  • Yes, the annual turnover of your business should be between ` 10 Lakhs and ` 100 Crores*. Further, your business needs to be in continuity for the last 3 years showing positive trends in turnover and profit for the last 2 years. Your Income Tax Returns of the last 2 years should reflect taxable income of above ` 2 Lakhs per annum.
  • *Should your turnover be above ` 30 Crores, please refer to the SME Loans section to understand the solutions that are designed for the SME segment.
What is a Business Installment Loan?
  • Business Installment Loans are the loans, which are used to meet medium term working capital needs.
How can I repay my Business Loan?
  • You can repay the loan in equal monthly installments (EMIs). The loan can be repaid through post-dated cheques. You can also repay through an ECS mandate to your bank.
What is an EMI?
  • EMI or 'Equated Monthly Installment' is the convenient monthly amount that you have to service to pay back the loan availed. The EMI consists of both the principal and interest components.
Do I need to hypothecate my assets or provide any other collateral to avail a Business Loan from Fullerton India?
  • You do not need to hypothecate any assets to avail a Business Loan from Fullerton India.
What is the maximum loan amount I can avail?
  • You can avail up to a maximum of ` 50 Lakhs. The amount would be calculated based on your income and other parameters that the Fullerton India Relationship Manager will explain.
Can I foreclose or prepay my loan?
  • Yes, you can foreclose your Business Loan after a minimum period of 6 months.
Is there any advantage that I can get if I have already availed a loan from Fullerton India earlier?
  • Yes, if you are an existing customer of Fullerton India, you will get additional benefits in processing time as well as in the interest rate.

Required Documentation For Proprietorship Firm

  • Filled Application form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Last 2 years of Income Tax Documents
  • VAT/CST/ST Registration copies (if any)
  • 1 Passport Size colour Photographs
  • 6 months Bank Statements
  • Latest year business performance related documents.
  • Other loansanction letters and their Track (If existed)

Required Documentation For Partnership Firm

  • Filled Application Form
  • Partnership deed
  • Firm PAN Card & Address Proof
  • All Partners Identity Proof
  • All Partners Address Proof
  • Last 2 years of Income Tax Documents
  • Last 6 months of Bank Statements
  • VAT/CST/ST Registration copies (if any)
  • 1 Passport Size colour Photograph for applicant
  • 6 months Bank Statements
  • Latest year business performance related documents

For Private Limited And Limited Companies

  • Filled Application Form
  • MOA/AOA and Incorporation certificate
  • Commencement of operation (if it is a Public Ltd Company)
  • Company PAN Card & Address Proof
  • All Directors Identity Proof
  • Last 2 years of Income Tax Documents
  • Last 6 months of Bank Statements
  • VAT/CST/ST Registration copies (if any)
  • 1 Passport Size colour Photograph for applicant
  • 6 months Bank Statements
  • Latest year business performance related documents
  • Other loansanction letters and their Track (If existed)

Identity Proof Of Partners/Directors For Business Loan

  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification

Age Proof Of Partners/Directors For Business Loan

  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)

Income Proof Of Partners/Directors For Business Loan

  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Banking History For Business Loan

  • Bank statements of latest 2 months
  • 3 months bank passbook

Business Loan Can Be Used For Many Purposes Like Below

Accelerate the Business Growth

For immediate Business Requirement

For Boosting Revenue

For Training the Manpower

Foreign Business Trips

New Business Contracts

Setting up a new branch

To Purchase Stock

Why Business Loans?
Business Loan Eligibilit
Interest Rates
Expert Advice
Remember For Business Loans
Business Loans Vs Working Capital