Fullerton India Business Loan
Based on 104 Customer Reviews
Published on: 13 Sep 2018
Based on 104 Customer Reviews
Published on: 13 Sep 2018
Fullerton India is a renowned NBFC(Non-Banking Financial Company) launched in January 2007 and headquartered in Mumbai, having successfully and strongly established itself by spreading across India’s broad financial landscape, with a network of over 528 branches and serving over 1.6 million customers. Their primary services comprise of financing of SME for working capital and growth, loans for commercial vehicles and two-wheelers, home improvement loans, loan against property, personal loans, working capital loans for urban self-employed professionals and loans for rural livelihood advancement, rural housing financing and financing of various rural micro-enterprises.
Business loans at Fullerton India are designed to take care of a wide range of capital requirements, financial needs and other industrial expenses that are important to keep your business running. So whether you want to expand your current business venture or require new machinery or equipment for your enterprise, customized business loans from Fullerton India aim to provide the right answer to your problems based on your requirements. Fullerton India Business Loan is a great way to fuel the growth of your small or medium level enterprise. The best part of Fullerton India Business Loan is that you can prepay the part of your loan anytime after paying prepayment charges of 1%. Afinoz.com have an exclusive tie-up with Fullerton India. Therefore applying for a Fullerton India business loan through Afinoz.com makes the process of application and approval of loans from Fullerton India much easier and quicker. By availing the benefits of Fullerton India business loans through Afinoz.com, business owners can achieve their dreams of business expansion.
Afinoz.com is India's foremost online financial marketplace for availing loans and investments. Our main objective is to make the process of getting a loan or making an investment safer, convenient and hassle-free for individuals. We work with public and private banks, NBFCs and mutual fund houses across the entire country and offer an unbiased quotation on financial products. You can contact our team to get more information or apply for a loan or investment by calling on +918795021552 or by emailing at firstname.lastname@example.org. Afinoz.com provides solutions which are quick, reliable, transparent, confidential and above all free.
Fullerton India Business Loans are a perfect solution to service your short-term finance and working capital requirements. With Fullerton India at your service, you can focus on growing your business while we take care of financing your business expansion needs.
Fullerton India business loan eligibility and Fullerton India business loan interest rates can be easily evaluated through and seen on Afinoz’s website. If there is any query about Fullerton India business loan application, you can log on to afinoz.com or give us a call at +918795021552or mail us at email@example.com and get all the solutions at one go.
Fullerton India Business loan eligibility relies on two important factors:
Other Important Aspects on which the eligibility of an applicant depends are:
|Interest Rates||16% to 33.50%|
|Loan tenure||1 TO 5YEARS|
|Processing Charges||Upto2.00% of the total loan amount + Service Tax|
Subject to a minimum of Rs 1000 and maximum of Rs.6000
|Prepayment||No prepayment permitted until the repayment of minimum 6 months EMI|
|Prepayment charges||5% of the Principal Outstanding + GST|
|No Dues Certificate/ No Objection Certificate(NOC)||Rs. 150 + Service Tax|
|Penal Interest||2 % per month on overdue installment amount|
Special Note: Rates are subject to periodic change. Business loan interest rates in Fullerton India & other fees and charges are subject to regular review and can vary from customer to customer depending upon a number of factors ranging from credit score, to existing loans, amount of savings, company with which you are currently employed, number of years of relationship with Fullerton India etc.
Afinoz.com is India's leading personalized financial marketplace. We have created a business loan platform which lets you choose the best business loan that meets your requirements from the multiple options that are available to you.
Fullerton India has an exclusive tie-up with afinoz.com. If you are looking for a business loan then you can simply log on to Afinoz.com to check your business loan eligibility and apply for a loan.
Business owners can apply for a loan in Fullerton IndiathroughAfinoz.com in the following three simple steps:
At each step of the application process, Afinoz.com allows it's applicant to keep track of the status of their application in real-time via SMS as well as through emails. Due to such simplified and fast processing, Afinoz.com has become the most popular option among a large number of business owners.
Query- Are there any age eligibility criteria for me to apply for a Business Loan in Fullerton India?
Reply-The loan applicant needs 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 is made if the applicant is a non-professional. The applicant cannot exceed 65 years of age at the time of Loan Maturity.
Query-Are there any eligibility criteria that my business entity should meet for me to apply for a Business loan?
Reply -Yes, the annual turnover of the business should be between 10 Lakhs to 100 Crores. Further, your business needs to be in continuity for past 3 years showing positive trends in turnover and profit for the last 2 years. Your Income Tax Returns for the last 2 years should reflect taxable income of above 2 Lakhs per annum.
Query- What is a Business Installment Loan?
Reply- Business Installment Loans are those types of loans, which are used to meet medium-term working capital requirements.
Query-How can I repay my Business Loan?
Reply-The loan can be repaid the in equated monthly installments (EMIs) & through post-dated cheques. You can also repay the loan through an ECS mandate to your bank.
Query-What is an EMI?
Reply-EMI (Equated Monthly Installment) is the convenient monthly amount that you have to service to pay back the loan availed. The EMI of the loan consists of both the principal and interest components.
Query-Can I foreclose or prepay my business loan from Fullerton India?
Reply-Yes, you can repay your loan at any time during the loan tenure.
Query-Is there any benefit that I can get if I have already availed a loan from Fullerton India earlier?
Reply-Yes, if you are an existing customer of Fullerton India, you will get additional benefits in processing time & the interest rate.
For any query about Fullerton India business loan application, you can log on to afinoz.com or give us a call at +918795021552or mail us at firstname.lastname@example.org