Digital Lending

Consumer Loan (Term Loan): Unsecured term loans (no collateral required), for financing various needs, for salaried as well as self-employed customers. With rate of interest starting from 0% (for subvention programs) up to 36% per annum, term loans available for loan tenure up to 60 months. Customers can avail loans starting from ₹5,000 up to ₹30 Lakhs.

Consumer Loan (Line of Credit): An unsecured financing option that can be availed to meet personal requirements. An approved credit limit is provided to the borrower for a loan tenure up to 48 months. The borrower can withdraw the amount multiple times, up to a total outstanding equal to the sanctioned credit limit. Unlike term loans, borrower has the option to utilise the entire sanction amount in a single go or in multiple transactions. The interest is only charged on the loan amount outstanding with the borrower, with rate of interest between 11.99% to 36% per annum. Financing options start from ₹1,000 up to ₹30 Lakhs.

Consumer Loan (BNPL): Short term financing option for consumers to make instant purchases, without having to pay immediately. Customers can pay back the lender as lump sum or in periodic instalments. With credit limit valid for up to 36 months, customers can avail the financing option for amounts starting ₹250 up to ₹30 Lakhs. Rate of interest for BNPL products start from 0% (subvention programs) up to 36% per annum.

Business Loan (Term Loan): Financing options for Medium, Small, and Micro Enterprises (MSME) with unsecured term loans up to ₹75 lakhs (starting from ₹50,000). Customers can start, grow and expand their businesses, with loans from 12 to 60 months in loan tenure. Rate of interest starting from 11.99% to 36% per annum.

Business Loan (Line of Credit): Business owners can avail credit lines to get quick and easy financing. With a Line of credit facility, borrowers can get a Sanction limit starting ₹1 Lakh up to ₹75 Lakhs, having a validity of 36 months. Borrowers can withdraw funds, up to the sanctioned limit, through one or more transactions. Moreover, interest would only be charged on the amount outstanding with the borrower.

Business Loan (BNPL): Businesses can purchase their stock/inventory with external financing through Buy Now Pay Later (BNPL) option. Without having to pay upfront for the purchases, businesses can repay as lump sum amount or through scheduled instalments. Sanctioned credit limit can be availed for a tenure up to 36 months, with the loan tenure up to 48 months. Borrowers can get BNPL loans for amounts up to ₹30 Lakhs, with rate of interest ranging from 0% (Subvention programs) to 36% per annum.

Business Loan (Merchant Cash Advance): Merchant Cash Advance (MCA) is an unsecured loan facility, catering to small businesses owners who require financing to meet their business needs. Smaller than a typical Business term loan, the MCA facility provides financing with loan ticket size starting from ₹1,000. Merchant Cash Advance loan is sanctioned to borrowers, basis details of their transactions or sales volumes.

Business Loan (Supply Chain Finance): Vendors and Suppliers can utilize Supply Chain Finance (SCF) loans to manage their cash flows better. With loans from ₹1 Lakh up to ₹10 Crore, borrowers can reduce the waiting time on receivables, and utilize their funds towards growing their business. The sanctioned limit for Supply chain finance loans can be used within 36 months of loan sanction.

Note: The Loan products listed here are exclusively offered through the Digital Partners of Fullerton India Credit Co. Ltd.

* The entire Principal amount is to be repaid by the Borrower as a lump sum payment, at the end of the loan tenure.

#Part Pre-payment/Foreclosure charges (The below charges are indicative. Detailed break-up of charges will be a part of the Loan agreement):

(a) No part prepayment of the Loan shall be allowed.

(b) In case of prepayment of entire Loan with interest amounts outstanding, following will be the prepayment charges:

• 0 to 6 EMI(s) fully paid
• 7 to 17 EMI(s) fully paid: 7% of the Principal Loan amount outstanding on the date of prepayment;
• 18 to 23 EMI(s) fully paid 5% of the Principal Loan amount outstanding on the date of prepayment;
• 24 to 35 EMI(s) fully paid 3% of the Principal Loan amount outstanding on the date of prepayment;

(c) No prepayment charges shall be applicable in case of prepayment is after 36 or more EMIs fully paid

Note: No foreclosure charges/ pre-payment penalties will be applicable on any floating rate term loan sanctioned for purposes other than business to individual borrowers.