How To Check Fullerton India Business Loan Interest Rate?

During this covid-19 situation, many businesses have got completely ruined and some have faced a terrible financial crisis in such situation Fullerton India Business Loan has come up as a very good help for business individuals as it offers individual a good loan amount that too at low-interest rates and fees too are customized as per each customer’s unique profile requirements. Thus whatever, your business loan requirements are – working capital, new machinery purchase, business expansion, or debt consolidation their cost-effective solutions can ensure that you can reach them in the simplest and most convenient way.

Features of Fullerton India Business Loan

Apply for Fullerton India Business Loan Online today, and start managing your account on Fullerton Bank in a simple way. With the help of these features and benefits are listed below:

• Flexible loan facilities: With the help of Fullerton India Bank's flexible loan facility, one can easily repay the loan within 12 months up to 60 months as per the user’s convenience.

• No collateral: With the help of Fullerton India Bank, one can easily get collateral-free business loans and needn’t pledge the personal loan or business assets to finance a small business.

• Tailormade solutions: Fullerton India offers small business loan products with pre-approved offers for the user’s capital needs. In this case, one can easily get a higher loan top-up amount and choose repayment tenure up to 60 months as per the user’s convenience.

• Online account access: It can be easy to track and manage your business loan account anytime, anywhere, and across devices i.e. desktop, mobile, or tablet using Fullerton India portals and mobile applications.

Fullerton India Business Loan Interest Rate

Following is some Fullerton India Business Loan Interest Rate, loan amount, loan tenure, proceeding fees, and type of customers:

Eligibility criteria for a small business loan from Fullerton India

• Individuals who work for themselves, as proprietors, private limited companies, or partnership firms in manufacturing, trading, or services.

• Individuals with at least three years of experience in the current industry and a total of five years of business experience.

• Individuals must be at least 22 years old when applying for the loan and under 65 years old when the loan matures.

• Businesses with a minimum turnover of ten lakhs rupees.

• For the last two years, businesses have been profitable.

• Businesses with a minimum annual income (ITAR) of Rs. 25,000 per year.

Documents required for Fullerton India Business Loan application Listed below are some documents that are required to apply for a Fullerton India Business Loan application:

• Application for a loan, as well as recent photographs

• Identity Verification

• Proof of address, proof of age, and proof of income (Bank Statements, Bank Passbooks, or salary slips)

• Returns of Income, as well as Form 16

How to apply for Fullerton India Business Loan?

• Go to the Fullerton India official website and choose ‘Business Loan' from the menu.

• Select ‘Apply Now' from the drop-down menu.

• Choose between a Business Loan and an SME Loan based on your needs.

• Fill in your personal information (name, email address, etc.) and upload the necessary documents.

• Fill in the loan sum and the repayment period.

• You can learn if the lender is interested in accepting your business loan application based on the details you submit.

• If your business loan application is accepted, you will be issued a reference number, which you must keep safe for future use.

• If you need any additional information, a representative from the lending company may contact you later.

• The loan company will verify the application form and the records. If all of the information provided is right, the lender will accept your application for a business loan, after which you will be given a customized offer on the loan amount and interest rate.

• If you agree to all of the terms and conditions, the funds will be transferred to your bank account right away.

Conclusion

You can get interest rates on Business loans in Fullerton India are very attractive starting from 20.00% to 33.50%. Fullerton India Bank offers business loans for self-employed professionals to get more benefits and get instant solutions. If you need to get more details related to Fullerton India Bank Business Loan contact Afinoz.com for flexible repayment tenure.