Overview
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. Avail hassle free loans as per needs of your business.
Key Features
Facilities Offered
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, godown, furnishing, interior decoration etc.
Demand Loan
For meeting general administrative expenses.
How to apply
Who can apply
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Individuals, Self-employed professionals
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Firms- Proprietorship /Partnership/LLP/Companies
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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:
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Download the application form and submit it at your branch
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Call our contact centre executives
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Please visit any of our branches.
Documents Required
- 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 options
Rates and Fees
Please visit the Interest Rates page for details
What's New
Federal 24 7 is a platform that helps you open and manage an account 24X7 without having to visit the branch.
You can choose your preferred savings scheme from the bouquet of savings products available for resident customers and open an account instantly from the comfort of your home with Federal 24 7.
Less is more
Choose Federal Bank 247 for contactless and paperless banking.
A perfect savings account for Women
A savings account exclusively for women, endowed with exciting features like complementary insurance, special rate on home loan, free RTGS / NEFT facility, two ZERO balance kids’ account, exciting Debit Card offers and much more, because every woman deserves more.
Join Imperio Family Banking Program
An impeccable banking service with a treasure trove of features designed for you! Imperio is a tailor made banking solution that offers a bouquet of bankingservices and much more.
Now you can contribute to the environment while you invest your money!
A fixed deposit for a specific tenure, where the amount deposited by you will be used for lending to renewable energy projects, green building projects and projects in smart agri, water or waste management projects etc.
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