Fullerton India Business Loan
Fullerton India Business Loan is a financial gateway for any kind of business opportunities. As a customized solution, Fullerton India Business Loan offers immediate finances to grow your business or set up a new one. Starting from business marketing to increase the working capital, purchasing inventories to office renovation, Fullerton India Business Loan helps self-employed individuals to scale up your business. After you opted for Fullerton India Business Loan apply online, you can login to their online dashboard and go for Fullerton India Business Loan status check. Based on Fullerton India Business Loan eligibility, the best possible Fullerton India Business Loan interest rate is offered. Depending on the business health, credit history, financial documents and other criteria, Fullerton India Business Loan interest rate at an attractive rate is set. You do not have to pledge any security to obtain Fullerton India Business Loan. You enjoy an easy and hassle-free loan approval and disbursal process when applying for Fullerton India Business Loan.
Why choose Fullerton India Business Loan?
You can avail Fullerton India Business Loan up to an amount of Rs. 50 lakhs which you can repay using the EMI option. Fullerton India Business Loan offers flexible loan facility which is a tailor-made product to suit different business finance needs. You get to enjoy Fullerton India Business Loan interest rate which is quite affordable and needs to submit minimum documents. To finance small and medium enterprises with their short term capital needs, Fullerton India SME Loan is one of the best alternatives. You need to have a stable income source with a minimum CIBIL score of 750 or more to obtain Fullerton India Business Loan interest rate at the best possible range. The repaeyment tenure of Fullerton India Business Loan range from 12 to 48 months. Here are the reasons as to why should you choose Fullerton India Business Loan-
- You can easily check Fullerton India Business Loan status after you go for Fullerton India Business Loan apply online.
- You need to undergo very minimum paperwork for Fullerton India Business Loan documents requirement. So, simple documentation simplifies your loan process.
- You can avail loan up to Rs. 50 lakhs based on your Fullerton India Business Loan eligibility criteria.
- Depending on your requirement, business stability, credit history and repaying capacity Fullerton India Business Loan interest rate is offered.
- Fullerton India Business Loan interest rate is quite competitive so, the EMI amount for your repayment is quite low.
- At the time of repayment, you can use Fullerton India Business Loan EMI Calculator to evaluate how much you need to repay every month.
- You can obtain Fullerton India SME Loan to fund the business needs of small and medium enterprises.
- Fullerton India Business Loan offers customized and affordable solutions to suit different kinds of business requirements.
Types of Fullerton India Business Loan
Fullerton India Business Loan offers tailor-made products to suit different kinds of business needs. Following are the variants of Fullerton India Business Loan-
Business Loan for Manufacturers
With the help of Fullerton India Business Loan for manufacturers, the need for the fund to finance the daily operations, overhead expenses, the purchasing cost of raw materials is completely taken care of. The financial burden of manufacturers is completely financed by the business loan for manufacturers.
Business Loan for Doctors
The financial need of medical professionals is easily taken care of by Fullerton India Business Loan. Doctors can use business loan for doctors to buy medical equipment, refurbish the clinic, hire additional staff and much more without keeping any security.
Business Loan for Women
In order to financially empower women entrepreneurs, Fullerton India Business Loan for women offers financial relief with some special privileges. The Business Loan for Women is offered at a concessional interest rate with flexible loan tenure and no collateral requirement.
Business Loan for Traders
To meet hassle-free business and financial needs to the traders, Fullerton India Business Loan for traders is offered at a competitive interest rate. Traders can use this customized loan product to purchase new machinery, working capital, business expansion and much more.
Business Loan for Chartered Accountants
To continue accounts auditing and other financial records in a more comprehensive manner, chartered accountants can easily obtain Fullerton India Business Loan for Chartered Accountant. This tailor made product is quickly disbursed and offers hassle-free loan experience.
Fullerton India Business Loan Eligibility Criteria
You need to fulfill Fullerton India Business Loan eligibility to avail lower interest rate. You need to have a minimum CIBIL score of 750 or above with business profit for the last 2 years.
|Business Eligibility||Self-employed Non-Professionals- Proprietorship firm, Individuals with valid business registration, limited liability partnership, Public & Private ltd. companies, Partnership firms working in trading, manufacturing or services, etc. Self-employed Professionals- CA, Doctor, Architect, Engineers, etc.|
|CIBIL score||750 or more|
|Business Continuity||Total experience of 5 years with at least 3 years in the current business|
|Minimum Turnover||Rs. 10 lakhs|
|Loan Amount||Up to Rs. 50 lakhs|
|Business Profit||For last 2 years|
|Loan Tenure||48 months|
|Minimum ITR||Rs. 2 lakhs per year|
Fullerton India Business Loan Documents Required
Following are the essential documents that are required for Fullerton India Business Loan approval-
- Application form
- Last 2 years ITR copy.
- Updated bank a/c statement of last 6 months.
- ID proof for the company firm- PAN card, Passport, Driving License, AADHAAR card.
- Address proof- Driving License, AADHAAR card, Voter ID card, Passport.
- Certified copy of Sole Proprietorship Declaration/Partnership Deed/Memorandum and Articles of Association.
- Proof of Business continuity- ITR, Sales Tax Certificate, Establishment, Trade License.
- Profit & Loss statement and audited Balance Sheet of last 2 years.
- Annual turnover of the business and performance in the present year.
Fullerton India Business Loan Interest Rate & Charges
|Rate of Interest||13%* to 21%*|
|Processing Fee||Up to 6.5% of the loan amount|
|Cheque/ECS dishonored charge||30 per presentation|
|Swap charges for replacement of ECS to ECS||500 per instance|
|Collection of Cash/Cheque||300 per collection|
|Loan cancellation charge||1000|
|Swapping charges for replacement of post-dated cheques to ECS||500 per instance|
|Foreclosure charge||0.03%- within 25 months to more than 84 months from the date of the agreement 0.04%- within 6 months to 24 months from the date of the agreement|
*interest rate value varies from time to time
Other Bank’s and NBFC’s
- ICICI Bank Business Loan
- HDFC Bank Business Loan
- Kotak Mahindra Bank Business Loan
- Yes Bank Business Loan
- Axis Bank Business Loan
- IndusInd Bank Business Loan
- IDFC First Bank Business Loan
- Tata Capital Business Loan
- Indiabulls Business Loan
- Fullerton India Business Loan
- Edelweiss Business Loan
- Capital First Business Loan
- Bajaj Finserv Business Loan