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Term Loans

Features

Federal Bank offers term loans for Mid / Large corporates having turnover more than Rs.500 Crores or projects with outlay of Rs.500 Crores or more OR minimum exposure (Funded + Non Funded) of Rs.25 Crores. Term loans are provided to extend long term credit facilities to entrepreneurs such as:
 
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Expansion & Modernization, setting up of factory building and other infrastructure facilities
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Substitution of high cost debts / high cost term debts of other Banks / FIs
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Up-gradation of technology & energy conservation schemes / machinery
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Design and introduction of new layouts in the factory to enhance productivity
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Acquisition of software, hardware, consumable tools, jigs, fixtures etc
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Acquisition of ISO and other similar certifications
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Loans under Technology Upgradation Fund Scheme(TUFS)
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Securitisation of receivables
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Period of the loan will be up to 60 months. Repayment can be made In Monthly /Quarterly / Half yearly installments or bullet repayments.

Eligibility

  • All Corporates having turnover Rs.500 Crores and above will be considered under Large Corporate portfolio or minimum exposure ( Funded + Non Funded) of Rs.25 Crores.
  • Eligibile limit is Minimum Rs.25 Crores.

Security

Primary
  • Mortgage/ Hypothecation of fixed assets/machinery/ assignment of leasehold rights/ exclusive or specific charge on machinery being financed.
Collateral
  • Extension of charge over current assets
  • Additional tangible security such as immovable properties / bank deposits etc.
  • Pledge of promoters holdings
  • Negative lien on current assets
Others
  • Personal guarantee of Proprietors / partners / promoters
  • Corporate Guarantee 

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