Short Term Loan
Short Term Loan for Corporates
Federal Bank offers short term credit facilities to entrepreneurs to meet working capital needs and other eligible requirements.
Short term credit facilities to entrepreneurs:
- To meet working capital needs.
- Any other genuine requirement/pending tie up of long term funds/inflow of cash accruals.
- For payment of bonus, advance payment, purchase of machinery/equipments/ vehicles etc
- Pending tie up of term loans
- To meet temporary cash flow mismatch
Mid / Large corporates having satisfactory external rating and having turnover of Rs. 500 Crores and above OR minimum exposure ( Funded + Non Funded) of Rs.25 Crores
- Hypothecation / extension of Hypothecation charge over the current assets and fixed assets, hypothecation of machinery / assets etc
- Extension of charge over current assets / Fixed Assets
- Additional tangible security such as immovable properties / bank deposits etc.
- Personal guarantee of Proprietors / partners / promoters.
- Corporate Guarantee