Federal Bank- Vanijya Loan
Purpose of Loan:
Federal Bank Vanijya Loan is mainly for business needs of traders.
Eligibility:
This loan is only for the business community.
Quantum of Loan:
Rate of Interest:
|
Loan Amount |
Interest Rate |
| Up
to Rs.50000 |
:
12.00 % |
| Rs.50001-100000 |
: 13.00 % |
| Above
Rs.1 Lakhs |
: 14.50 % |
Period of Loan:
30 months is considered as a loan period.
Security:
Collateral security equal to the loan amount.
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