Fullerton Business loan
Fullerton Business loan is one of the best ways to finance your business needs. Fullerton India has become one of the top ranking companies in India, with the confidence and trust of the businessmen and entrepreneurs in their financing system. The firm extends business loans to the small and micro ventures to help them with development and diversification of business. The amateur entrepreneurs can also very simply avail the Fullerton India Business Loan because it is free of collateral. Hence the terms and conditions are also uncomplicated.
At our website, you can check Fullerton business loan eligibility and Fullerton loan EMI calculator for free. Stay updated on this page, Loanbaba.com provides all the information about Fullerton India business loans:
| Fullerton Business Loan Details Updated | |
| Loan Amount | Up to Rs. 50 lakhs |
| Loan Tenure | 12 months to 48 months |
| Interest Rate | 16% |
Why Apply for Fullerton Business Loan?
- The advantage of this loan is its same interest throughout the duration.
- Simple documentation is needed and the business loan in Fullerton India then gets processed faster.
- The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
- You can check out Fullerton business loan eligibility and Fullerton business Loan EMI calculator at Loanbaba.com.
Features of Business Loans at Fullerton India
The following key points will help you understand the features and benefits of the business loans Fullerton:
- Advance Payment and Repayment of Fullerton India Business Loan:
- Necessary Documents
Prepayment charges are four / three percent a year. Advance payment, six months after its availing. Credit may be repaid for tenures ranging from one year to four years.
- Proof of business term – Partnership deed / Agreement Memorandum (MOA)/ Certificate of Sales Tax/ Establishment / trade license.
- Resolution of board / Deed of Partnership.
- Current statement of IT returns with last two year’s Profit and Loss Accounts, Balance Sheet and computation of Income.
- Statements from the bank – past six months pass book or statement.
- Proof of address- Driving License/ Bank statement /passbook/ Passport / Agreement of rent/ Electricity bill/ telephone bill/ ration card.
- Identification Proof – PAN card/Driving License/ Voter card/ Passport.
Why Apply for Business Loan on Loanbaba?
At Loanbaba, you can compare and apply for business loans online. You can check out several loans for business and go through their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, on a single platform. The loan application process is simple and easy, as you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.
Fullerton Business Loan Interest Rates
The Fullerton business loan interest rate starts at 16%, but varies as per individual profile. Keep a check on this page to note the updated Fullerton India business loan interest rate for the current year.
Fullerton Business Loan Eligibility Calculator
Business loan eligibility may differ from one candidate to another. You can also use free-of-cost business loan Fullerton loan eligibility calculator at Loanbaba.com. The eligibility criteria for loan for business are discussed below:
- The applicant for business loan Fullerton needs to meet the age requirement and possess all necessary identity and profit/revenue proof etc required applying for the loan.
- He/she meet the requirement for company credit score and should not be under too many debts.
Types of Fullerton India Business Loans
Fullerton India has business loan schemes for all kinds of professionals. The amount taken as loan can be used for either multiple or specific purposes.
Frequently Asked Questions about Fullerton India Business Loans
Below provided are important questions about business loan Fullerton India
1. What are the eligibility criteria for Fullerton business loan in India?
Applicant’s Eligibility.
- The borrower age must be less than 65 years until the business loan maturity
- If the borrower applying for a loan is not a professional businessman, the lowest age limit is set by the company at 25 years.
- The entrepreneurs are required to meet the minimum 27 years age requirement so that he or she can be eligible to apply for this loan scheme.
- IT certificates to be provided for past 2 years should present a taxble income which is not less than two lakh rupees only.
- Business must function for 3 years with positive turnouts and profits should be earned in the past two years.
- Annual turnover Rs. 10 lakh and Rs. 100 crore
2. What is the credit quantum for business loan Fullerton in India?
Fullerton India offers the borrowers business loans of maximum of rupees fifty lakh. It also depends on the income range of the borrower and the stability of the venture. In the Trading, Service and manufacturing industry, this type of business loan is offered to entrepreneurs by the company free of collateral.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Fullerton India.