Federal Bank

Federal Bank Limited is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India.

The history of Federal Bank dates back to the pre-independence era. Though initially it was known as the Travancore Federal Bank, it gradually transformed into a full-fledged bank under the able leadership of its Founder, Mr. K P Hormis. The name Federal Bank Limited was officially announced in the year 1947 with its headquarters nestled on the banks of the river Periyar. Since then there has been no looking back and the bank has become one of the strongest and most stable banks in the country.

 

Loan to Mobile/ DTH/ Other Electronic Recharge Vendors By Federal Bank

Hassle-free working capital finance to recharge vendors. Boost your business with Loan to mobile/DTH/other electronic recharge vendors.

 

Features & Benefis

 

Key features

 

  • Quick loan approval
  • Minimal paperwork
  • Low processing fee of 0.25%

 

Facilities offered:

 

  • Overdraft or Demand Loan

 

Eligible Limit:

 

Up to 300% of average daily advance paid to telecom company/DTH service provider/wholesaler during the previous one quarter. 

Asset power Scheme – Business Loans for Professionals By Federal Bank

Key Features:

 

  • Competitive interest rate 
  • Higher loan eligibility -maximum at Rs.2 Cr and tenor up to 84 months
  • Repay with easy equated monthly installments
  • Quick loan approval and assessment based on existing/ projected cash flow
  • Wide variety of purposes – including reimbursement and take-over of loans
  • Eligible for Doctors, Chartered Accountants, Architects with minimum 4 years service.

Documents Required

SME Parametrised Scheme By Federal Bank

Features & Benefits

Key features

 

  • Speedy loan processing
  • Flexible repayment options
  • Simple assessment
  • Attractive pricing

Facilities offered:

 

  • Cash Credit and BG/LC limits for working capital requirements.
  • Term Loan for setting up/Refurbishing an existing unit or for purchase of fixed asset.

Period of loan

Term Loan – Upt o 120 months

Working Capital – Up to 30 months

Non Funded(BG/LC) – Up to 30 months

Property Power By Federal Bank

Features & Benefits

 

Key features

 

  • Quick loan processing
  • Longer repayment period-  up to 15 years
  • Lower Interest Rates & EMIs
  • Loan Amount up to Rs.5 Crore
  • Loan can be availed as overdraft as well as Term Loan
  • Minimal Paperwork
  • Surrogate Scheme for Self Employed Category available
  • Balance Transfer Programs with additional finance

 

Purchase of House Plots By Federal Bank

Features & Benefits For Purchase of House Plots By  Federal Bank

Key features

  • Speedy loan approval
  • Get loan up to 60% of land
  • Minimal documentation
  • Loan amount up to Rs.25 Lakhs

Loan is provided for purchasing house plots for subsequent construction of house.

Loan amount up to Rs. 25 Lakhs with a margin of 40%(of cost of land as shown in sale deed +  Stamp duty  + Registration charges)

Repayment period of the loan is 60 Months

Repayment can be done as easy EMIs.