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Fullerton (Small Segment) Business Loan
Fullerton (Small Segment) 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 (Small Segment) Business Loan
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Fullerton (Small Segment) Business LoanHere are a few factors
| Location | PAN India |
| CIBIL Score | Score Card Base |
| Processing | Online |
| Business Vintage | 1 Year |
| Minimum Turnover | Not Required |
| Loan Amount & Tenure | 1 Lac-10 Lac (12month to 36 month) |
| Loan Product | Term Loan |
| Rate of Interest & Type | 21% to 35% (Reducing) |
| TAT | Sanction-3 Days, Disbursement-7 Days |
| Processing Fees | 2% |
| Foreclosure Charges | 4% |
| Applicant Type | Only Individual |
| Whether Co-Applicant Mandatory | No |
| Proprietor Age/Co-Applicant Age | 23 Year-65 Year |
| Part Payment Allowed | No |
| Whether Ownership Proof Required | Not Required |
| Business Registration Proof Mandatory | Yes (1year Old ITR required or Bank Statement or Udhyam mentioning Business name required) |
| Program | Banking -10 Lac |
| Product for Professionals | No |
| Negative Profile | School, Advocates, Jewellers, Share Traders, Liquor Business, Civil Contractors, Real Estate |
| USP | 1. Both Side Rented 2. Funding on ITR basis 3. No Minimum Turnover criteria |
| Additional | CIVIL Contractors, Hotel, Aviation, Sector are all Base Profile |
Fullerton (Small Segment) Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 21 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,311 |
| Total Interest | ₹ 11,737 |
| Loan Amount + Interest | ₹ 111,737 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,082 | ₹ 4,851 | ₹ 27,933 | ₹ 76,918 | 23.08 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,912 | ₹ 6,887 | ₹ 83,799 | ₹ 6 | 99.99 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Required Documents to Apply for Fullerton (Small Segment) Business Loan
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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
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
Note : Fullerton (Small Segment) Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
About Fullerton (Small Segment) Business Loan
Fullerton India offers business loans to micro and small businesses with the goal of facilitating growth and expansion as new business possibilities arise. SME loans in this section go a step further and offer larger loan amounts in place of security to help businesses obtain an advantage in development. Fullerton India SME Loans can be used for a variety of objectives to aid in the quick expansion of any business.
These loans are offered in the following forms:
Long-Term Loans : Loans that enable the day-to-day operation of a firm and provide early financial support to new or emerging businesses Business installment loans are short-term loans that can be used to meet a company's urgent funding needs.
Here are a few factors about Fullerton (Small Segment) Business Loan
Fullerton (Small Segment) 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 (Small Segment) 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 (Small Segment) Business LoanSave 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.
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