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Tuesday, October 15, 2024
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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
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