Tuesday, July 23, 2019
Finance

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:

  • For Retailers Up to Rs.25 Lakhs

  • For Wholesalers Any amount as per requirements

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.

For more information: Website