Business Loan Eligibility

Customised solutions for your business to take on new heights!

We know that your business is built with a lot of hard work, sincerity and responsibility. We respect these qualities and offer all responsible businesses with some of the best growth solutions in the market. To achieve this, Fullerton India blends design, technology and personalized services to create meaningful relationships with you and your business. Our eligibility criteria include factors related to both, you and your enterprise.

Eligibility criteria for a small business loan from Fullerton India (Individuals & enterprises):

Self-employed individuals, proprietors, private limited companies, and partnership firms working in manufacturing, trading, or services.
Individuals who have been engaged in the current business for at least three years with a total of five years of business experience.
Individuals should be at least 22 years of age while applying for the loan, and less than 65 years of age at the time of maturity.
Enterprises with a minimum turnover of `10 Lakhs.
Enterprises making profits for the past two years.
Enterprises with a Minimal Annual Income (ITR) of `2 Lakhs per year.

If your requirement is for more than `50 lakhs, we offer business loans that are secured with property. The eligibility criteria, interest rates and documentation in such cases will be different. For more details, please check out the Fullerton India Loan Against Property for SMEs section.

Please note that the above list is not exhaustive. There might be additional documents required for the business loan at the time of verification, depending on your application and the company’s policies. Speak with a customer care representative to learn more!

What are the customer profiles considered for business loan eligibility?

Self-employed professionals (SEP): Chartered accountants, architects, company secretaries, and allopathic doctors who are currently engaged in their profession.
Self-employed Non-Professionals (SENP): Under this profile, we consider retailers, proprietors, service providers, traders and manufacturers.
Entities: Any private limited company, limited liability partnership, partnership, or closely held limited company is eligible to apply for a business loan. For entities whose requirements are more than `50 lakhs, please visit Loan Against Property for SME.