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
• Quick Turnaround Time for easy process
• 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.