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Business Loan Products

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.

 

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Business loans against property
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GSTR based loans
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Quick business loans against Gold/Deposits/Other liquid securities
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Rent securitization loans against your rent receivables
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Business Vehicle Loans
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Term Loans / Demand Loans for funding Working Capital Requirement or for acquisition of fixed assets.

Key Features

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Quick loan processing & approval
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Hassle free balance transfer of loans,  based on repayment track
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Simple assessment norms
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Longer repayment period up to 120 months
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Flexible repayment options
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Attractive Interest Rates
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Low margin requirements on securities
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Fresh loans/Takeovers/Reimbursement of expenses

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

  • 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:

 

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

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

Rates and Fees

Please visit the Interest Rates page for details

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