This work continues our efforts to calibrate model surface brightness luminosities for the study of unresolved stellar populations, through the comparison with data of Magellanic Cloud star clusters. We present here the relation between absolute K_s-band fluctuation magnitude and (V - I) integrated colour, using data from the 2MASS and DENIS surveys, and from the literature. We compare the star cluster sample with the sample of early-type galaxies and spiral bulges studied by Liu et al. (2002). We find that intermediate-age to old clusters lie along a linear correlation with the same slope, within the errors, of that defined by the galaxies in the barM_{K_s} vs. (V - I) diagram. While the calibration by Liu et al. was determined in the colour range 1.05 < (V - I_c)_0 < 1.25, ours holds in the interval -5 >= barM_{K_s} >= -9, 0.3 <= (V - I) <= 1.25. This implies, according to Bruzual & Charlot (2003) and Mouhcine & Lancon (2003) models, that the star clusters and the latest star formation bursts in the galaxies and bulges constitute an age sequence. At the same time, there is a slight offset between the galaxies and the star clusters [the latter are ~ 0.7 mag fainter than the former at a given value of (V - I)], caused by the difference in metallicity of roughly a factor of two. The confrontation between models and galaxy data also suggests that galaxies with K_s fluctuation magnitudes that are brighter than predicted, given their (V - I) colour, might be explained in part by longer lifetimes of TP-AGB stars. (Abridged version.)