Fullerton India, an NBFC established in 2007 and headquartered in Mumbai, offers a business loan with interest rates from 13% to 33%. Loan amounts range from ₹50,000 to ₹1 crore, with tenure between 12 and 60 months. Foreclosure charges are tiered by number of EMIs paid, at 7%, 5%, 3%, or 2%.
Eligibility requires a minimum of 3 years of business existence with 2 years of profitability. Required documentation includes photograph, bank statements, GST/ITR, PAN, driving licence, electricity bill, tax returns, balance sheet, certificate of incorporation, and trade licence. Processing fee, prepayment penalty, rate type, minimum CIBIL score, age limits, minimum salary, and employment type eligibility are not published for this product.
Both exist. Unsecured business loans price higher; secured or scheme-backed loans (e.g. CGTMSE up to the scheme limit) can lower the rate or waive collateral. The right choice depends on ticket size and how fast you need funds.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.