Fullerton India Business Loan | Interest Rates | Documents

Fullerton India Business Loans: Get Details on Eligibility, EMI, Documents, Charges & fees, Interest Rates & Benefits on Business loans of fullerton Bank India.

Fullerton India helps micro and small enterprises grow and capitalize on business opportunities in an expanding economy. Our Business Loans are designed to cater to a wide variety of business needs – from working capital for stocks and manufacturing to loans for capital expenses.

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Loan Amount

Fullerton India Business Loan Advantages:

  • Benefit from loans up to 30 Lakhs, without any collateral, for self -employed businessmen involved in Manufacturing, Trading and Service industry
  • Quick approval and hassle-free processing
  • Minimal paperwork
  • Flexible repayment options – range of loan tenors that suit your repayment capacity ranging from 12 months to 48 months
  • Easy EMI repayments through cheques or ECS
  • Convenience of service at your doorstep
  • Credit Shield offerings (Insurance Cover for your loan)

Documents Required:

  • Proof of Identity (Passport Copy/ Voter ID card/ Driving License/ PAN Card)
  • Address Proof (Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License)
  • Bank Statements (Bank statement / Bank Passbook of last 6 months)
  • Latest Income Tax Returns along with computation of Income, Balance Sheet and Profit & Loss Account of the last 2 years
  • Partnership Deed/ Board Resolution.
  • Proof of number of years in business (Trade license/ Establishment or Sales Tax Certificate/ MOA/ Partnership Deed)

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.

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.

Can I foreclose or prepay my loan?
Yes, you can foreclose your Business Loan after a minimum period of 6 months.