Federal Bank Business Loan

Federal Bank | Business Loan | 24-Sep,2021

About Federal Bank: Federal Bank Limited is one of the most popular Indian private sector banks. It is headquartered in Aluva, Kochi. It provides banking and financial services. As of 2021, Federal Bank has over 1250 branches spread across India. Additionally, Federal Bank has branches in Abu Dhabi, Qatar, Kuwait, Oman, and Dubai.

Detail: To apply for a business loan, the applicant’s age should be between 21 to 60 years at the time of application.

Annual Percentage Rate (APR): 12.95%

Minimum & Maximum period for repayment (Loan Tenure): 12 to 36 months

Loan processing charges: --

Late Payment: --

Foreclosure Charges: Nil

Partpayment Charges: N/A

Maximum Loan Amount: 20 Laks

Federal Bank Profile

Sector : Finance

Industry : Regional Banks

More and more customers are conducting various transactions with this bank as it has become more popular than others. Currently, Shyam Srinivasan holds the position of MD and CEO of Federal Bank. As of 2021, Federal Bank has over 12,592 employees working across its numerous branches.

Know more

You will go on the Official website.

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Loan Type

Federal Bank ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 10.49% p.a. Up to Rs.25 lakh Up to 48 months Up to 3% 2% per month on the amount which is overdue Nil N/A
Home Loan 8.75% 15 cr 30 years Upto 1% of loan amount Nil if floating, upto 2% for fixed rate 2% additional interest per month on overdue EMI amount N/A
Education Loan 10.90% Upto 20 lakh 7 years 0.50% of the loan amount Nil 2% will be charged on the overdue amount 30 days after the due date. N/A
Car Loan 1)New Car Loan - 9.15% p.a. 2) Used Car - 14.95% p.a. 1)New Car Loan –100% of loan amount 2) Used Car – 90% of the loan amount Up to 84 months -- -- Nil N/A
Business Loan 12.95% 20 Laks 12 to 36 months -- -- Nil N/A

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