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Fullerton Business Loan
Fullerton Business Loan is a lending solution provided by Fullerton India, one of India's premier non-banking finance corporations. The loan is intended to empower small and micro-scale enterprises to take advantage of every business opportunity they encounter. The funds from these loans can be utilized for a wide range of purposes, such as meeting working capital requirements, purchasing new machinery, expanding the business, or consolidating existing debt.
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Fullerton Business Loan
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Fullerton Business LoanHere are a few factors
| Location | 50km From Branch |
| CIBIL Score | 650+ |
| Processing | Online |
| Business Vintage | 3 Year |
| Minimum Turnover | 1 Cr-150 Cr |
| Loan Amount & Tenure | 7.50
Lac-75 Lac (12month to 36 month) |
| Loan Product | Term Loan |
| Rate of Interest & Type | 18% to 22% (If DSCR>1.1 then ROI 16%) (Reducing) |
| TAT | Sanction-3
Days Disbursement-7 Days |
| Processing Fees | 2% |
| Foreclosure Charges | 4% |
| Applicant Type | Any Self Employed Person |
| Whether Co-Applicant Mandatory | No |
| Proprietor Age/Co-Applicant Age | 25 Year-65 Year |
| Part Payment Allowed | No |
| Whether Ownership Proof Required | Yes, Either Office or Residence should be owned within Lending Branch Location |
| Business Registration Proof Mandatory | Yes |
| Program | 1.
Banking-35 Lac 2. GST Program-25 Lac 3. Income Program-75 Lac |
| Product for Professionals | No |
| Negative Profile | Both Side Rented, Advocates, Jewellers, Share Traders, Liquor Business, Civil Contractors, Real Estate |
| USP | 1. Funding to School 2. Upto 35 Lac no Financial Required |
| Additional | 1.
51% Shareholding required on Loan if applicant is LLP/Partnership
firm/Company 2. CIVIL Contractors, Hotel, Aviation Sector are call base profile |
Fullerton Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 18 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,168 |
| Total Interest | ₹ 10,016 |
| Loan Amount + Interest | ₹ 110,016 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,351 | ₹ 4,153 | ₹ 27,504 | ₹ 76,649 | 23.35 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,651 | ₹ 5,861 | ₹ 82,512 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Required Documents to Apply for Fullerton Business Loans
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
Note : Fullerton Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
About Fullerton Business Loan
Your ambitions to boost business productivity and propel your company to new dimensions can be realized by obtaining a business loan from Fullerton India. Fullerton lends up to Rs. 50,00,000 to applicants in need of funding to build their businesses. Loan repayment is simplified with flexible tenure of up to 48 months and payment by cheque or ECS.
Fullerton serves all sectors by meeting their basic needs, such as the supply of capital assets or the payment of various industrial expenses. Fullerton Business Loans assists small and microbusinesses in capitalizing on any business prospect that arises. These business loans allow businesses to focus on their operations while Fullerton handles their financial needs.
Here are a few factors about Fullerton Business Loan
Fullerton Business Loan, formerly known as Ratnakar Bank, is an Indian private sector bank. It offers services across six verticals: corporate and institutional banking, commercial banking, branch and business banking, retail assets, development banking and financial inclusion, treasury and financial market operations. To meet short-term funding and working capital needs, Fullerton Business Loan provides completely secured business loans. You can obtain money from the bank to expand your firm. The maximum loan amount granted by the Fullerton Business Loan is up to Rs. 50 lakh with a repayment period of up to 36 months, and the interest rate on business loans ranges from 18% to 33% p.a. If you are looking to grow your business without worrying about the finances, then Fullerton Business Loan is your way to go! You can easily avail of a business loan from Fullerton Business Loan which is well supported by their dedicated team and staffs. They offer the most competitive interest rates in the market with a hassle-free documentation process. So, moving ahead let’s explore and find more about Fullerton Business Loan.Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
A Fullerton Business Loan is a loan product offered by Fullerton India, a well-established non-banking financial company in India. This loan is designed to serve small and micro enterprises, helping them seize every opportunity that comes their way. The funds from these loans can be utilized for a range of purposes such as working capital requirements, investing in new machinery, business expansion, or debt consolidation.
Fullerton Business Loan offers a number of features and benefits. These include collateral-free loans of up to Rs. 75 lakhs, attractive interest rates starting from 18% per annum, flexible repayment tenure of up to 36 months, minimal documentation, and quick processing. Fullerton India also provides tailored solutions to suit every customer's profile and needs.
To be eligible for a Fullerton Business Loan, you need to be a proprietor, LLP, private limited, partnership, or public limited company. You should have a minimum annual turnover of Rs. 1 Cr. Your business should have been in operation for at least 3 years, and you should have a minimum credit score of 650.
The documentation required for a Fullerton Business Loan includes identification documents like PAN card, Aadhaar card, passport, etc., business proof like GST registration, trade license, etc., financial documents such as bank statements, tax returns, balance sheet, profit and loss statement, etc., and if applicable, property documents such as title deed, sale agreement, valuation report, etc.
You can apply for a Fullerton Business Loan either online through their official website or offline by visiting their nearest branch. The website also offers facilities like an EMI calculator and an eligibility calculator for better financial planning.
Yes, Fullerton India's website provides an EMI calculator facility. This tool helps you estimate your monthly repayments based on the loan amount, interest rate, and tenure.
Yes, Fullerton India's website has an eligibility calculator tool that helps you evaluate your loan eligibility based on your income, business turnover, and other factors.
Fullerton India provides business loans of up to Rs. 75 lakhs without any collateral. For loans exceeding this amount, you will need to provide collateral in the form of property.
A minimum credit score of 650 is required to apply for a business loan from Fullerton India. Your credit score reflects your creditworthiness and repayment history. A higher credit score can lead to better interest rates and terms for your loan.
Yes, an LLC (Limited Liability Company) is eligible to apply for a business loan from Fullerton India. Other business entities like proprietorships, LLPs (Limited Liability Partnership), private limited companies, partnerships, and public limited companies are also eligible.
The maximum repayment tenure for a shop loan under Fullerton India's business loans is 36 months. A shop loan is specifically designed for purchasing, renovating, or expanding a shop. You can choose a repayment tenure that aligns with your business cash flow and repayment capacity.
If you delay or miss an EMI payment, Fullerton India will levy an additional interest of 24% per annum on the overdue outstanding balance, calculated on a day-to-day basis. Furthermore, a cheque/ECS dishonoured charge of Rs. 300 per occurrence will be imposed.
NBFCs (Non-Banking Financial Companies) like Fullerton India are often preferred for business loans due to several factors. They usually have a quicker and simpler approval process, more lenient eligibility criteria, and greater flexibility in loan products. Moreover, they tend to offer superior customer service and support.
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