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Fullerton India Business Loan

Loanmani- Fullerton India

Fullerton India offers a range of business loans to help small and medium-sized enterprises (SMEs) meet their funding requirements. Whether you need working capital, want to expand your business, or need to purchase equipment, Fullerton India business loans can provide you with the necessary financing.

With a maximum loan amount of up to Rs. 50 lakhs, Fullerton India business loans offer flexible repayment options with a minimum repayment period of 12 months and a maximum of 48 months. The interest rates are competitive and can range from 16% to 21% per annum, depending on various factors such as loan amount, tenure, business profile, etc.

21.00 %

Advertised Rate

48 Months

Available Terms

750

Credit Score

1 L - 10 L

Loan Amount

Why Choose Fullerton India

  • Fullerton India offers flexible repayment options.
  • The loan application process is simple and convenient.
  • The company has a wide network of branches across the country.
  • Fullerton India offers personalized customer service.


Fullerton India Eligibility Criteria

  • The applicant should be a self-employed individual or a business owner.
  • The business should have a minimum turnover of Rs. 10 lakhs per annum.
  • The business should be operational for a minimum of 3 years.
  • The applicant should be between 27 to 65 years of age.


Fullerton India Fees & Charges

  • Fullerton India charges a processing fee of up to 6% of the loan amount.
  • Late payment charges are applicable at the rate of 3% per month on the overdue amount.
  • Prepayment charges may be applicable if the loan is prepaid before the completion of the tenure.


Fullerton India Features & Benefits

  • Fullerton India offers business loans of up to Rs. 50 lakhs.
  • The loan repayment tenure ranges from 12 months to 48 months.
  • The loan can be availed without any collateral or security.
  • The loan processing is quick and hassle-free.
  • The loan amount is disbursed within 72 hours of loan approval.


Fullerton India Required Documents

  • Identity proof (Aadhaar card, PAN card, Voter ID, etc.)
  • Address proof (Electricity bill, phone bill, etc.)
  • Business vintage proof (bank statements, IT returns, etc.)
  • Business registration proof (GST registration, trade license, etc.)
  • Financial documents (balance sheet, P&L statement, etc.)


FAQs on Fullerton India Business Loan

1.What is Fullerton India business loan?

Fullerton India business loan is a type of loan offered by Fullerton India to help small and medium-sized enterprises (SMEs) meet their business funding requirements. The loan can be used for various purposes, such as working capital, business expansion, purchase of equipment, etc.

2.What is the maximum loan amount that can be availed under Fullerton India business loan?

The maximum loan amount that can be availed under Fullerton India business loan is up to Rs. 50 lakhs.

3.What is the minimum and maximum repayment period for Fullerton India business loan?

The minimum repayment period for Fullerton India business loan is 12 months, and the maximum repayment period is 48 months.

4.What is the interest rate charged on Fullerton India business loan?

The interest rate charged on Fullerton India business loan may vary depending on various factors such as loan amount, tenure, business profile, etc. It can range from 16% to 21% per annum.

5.What are the documents required to apply for Fullerton India business loan?

The documents required to apply for Fullerton India business loan may vary depending on the type of loan and the borrower's profile. Generally, the following documents are required:

  • PAN card
  • Aadhaar card
  • Business registration certificate
  • Business financials, such as balance sheet, P&L statement, tax returns, etc.
  • Bank statements
  • Proof of address and identity

6.What is the eligibility criteria for Fullerton India business loan?

The eligibility criteria for Fullerton India business loan may vary depending on the type of loan and the borrower's profile. Generally, the following criteria are considered:

  • The borrower should be a resident of India
  • The borrower should be at least 22 years old and not more than 65 years old
  • The business should have a minimum vintage of 3 years
  • The business should have a positive net worth
  • The business should have a minimum turnover of Rs. 10 lakhs per annum
  • Can Fullerton India business loan be pre-paid?
  • Yes, Fullerton India business loan can be pre-paid, subject to the terms and conditions of the loan agreement.

7.How long does it take for Fullerton India to process the business loan application?

Fullerton India usually takes 3 to 5 working days to process the business loan application, subject to the submission of all the required documents and meeting the eligibility criteria.

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