Apply Fullerton India Business Loan Online
Explore 2017 Interest rates available for Fullerton India Business Loan. Check eligibility criteria, documents required and get instant approval.
Fullerton India Business Loan
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% .
Fullerton India Business Loan Interest Rate, Charges, Fees and Commissions
| | ||
|---|---|---|
| Interest Rate | 20.00% - 33.50% | |
| Lowest EMI | Rs. 3,043 per lakh | |
| Tenure | From 24 months to 36 months | |
| Loan Amount | Min Rs. 150,000 and Max Rs. 5,000,000 | |
| Processing Fee | 2% | |
| Part Prepayment, Charges | Allowed after 6 EMI's, Prepayment charges vary by months: upto 17 months - 7%, 18-23 months - 5%, 24-35 months - 3% | |
| Early Foreclosure, Charges | Allowed after 6 EMI's, Prepayment charges vary by months: upto 17 months - 7%, 18-23 months - 5%, 24-35 months - 3%/td> | |
Fullerton India Business Loan Eligibility
Like every other business loan Fullteron India eligibility criterion are given below:
- Minimum age is 27 years to apply for a Fullerton Business Loan under the âSelf Employed Business Categoryâ.
- A relaxation of 2 years, if you are a non-professional.
- Borrower cannot exceed 65 years of age at the time of Loan Maturity.
- There is minimum monthly income of Rs. 25,000/-
Fullerton India Business Loan Documents Required:
- Proof of Identity â It can be Passport Copy/ Voter ID card/ Driving License/ PAN Card
- Address Proof
- Bank Statements
- 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
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