BUSINESS-LOAN-PRODUCTS

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Business Loan Products

Business Loan Products

Are you an Entrepreneur looking for business growth?

Are you planning to start a new manufacturing/processing /trading/service related business or want to expand an existing unit?

Do you intend to purchase commercial vehicle for your business or hire vehicles on lease?

Do you own a commercial property in a prominent locality and want to avail loan against future rent receivables? 

With Federal Bank Business Loans, all your business dreams can become a reality. 

  • Business Loan Products
  • Key Features
  • Facilities Offered
  • How to apply
  • Documents Required
  • Repayment options
  • Rates and Fees
  • Business loans against property

  • GSTR based loans

  • Quick business loans against Gold/Deposits/Other liquid securities

  • Rent securitization loans against your rent receivables

  • Commercial vehicle loans

 

  • Quick loan processing & approval

  • Hassle free balance transfer loans,  based on repayment track

  • Simple assessment norms

  • Longer repayment period up to 120 months

  • Flexible repayment options

  • Attractive Interest Rates

  • Low margin requirements on securities

  • Fresh loans/Takeovers/Reimbursement of expenses

Working Capital or Non-funded limits

For procurement of stock, financing against receivables, meeting advertisement expenses. Overdraft/Cash Credit/Term Loans /Demand Loans/Bank Guarantee/Letter of Credit for meeting working capital requirements.

Term Loan

For purchase of fixed assets, machinery, equipment etc and construction of office building/factory, go-down, furnishing, interior decoration etc.

Demand Loan

For meeting general administrative expenses.

Who can apply

  • Individuals- Self-employed professionals

  • Firms- Proprietorship /Partnership/LLP/Companies

  • Any other legal entity engaged in manufacturing / Service /Trading, excluding NBFCs/Chit Companies/Real estate/Export Credit 

To avail the loan, you can choose any of these:

 

  • Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)

  • Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)

  • Bank Account Statement (latest 12 months)

  • Proof of continuation (ITR/ Trade license /Establishment /Sales Tax certificate)

  • Income Tax/GSTR/ Sales tax returns of proprietor/partners/firms/companies, wherever applicable.

  • Audited/Unaudited financial statements as applicable for the past two years, in case of existing units.

  • Projected financial statements

  • Copy of license/NOC from local body or license from the competent authority for running the business.

  • Other documents may be requested as per individual/product requirements.

Repayment of the loan is made as Equal Monthly Instalments/EMI/Graded.

You can use any one of the ways to repay the loan: 

·         Cheques

·         Standing instructions at your branch

·         FedNet - Internet Banking

·         NACH

·         Mobile Banking

Please visit the Interest Rates page for details