Purpose of Loan:
Federal Bank Vanijya Loan is mainly for business needs of traders.
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:
|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.
Collateral security equal to the loan amount.
For more information: Website