Federal Bank Business Loan: Your Guide to Funding Your Business Dreams in Kolkata

Federal Bank, a leading name in the Indian banking sector, provides a range of business loan options designed to fuel the growth of enterprises, particularly Micro, Small, and Medium Enterprises (MSMEs). Whether you’re a budding entrepreneur in Kolkata or an established business looking to expand, Federal Bank offers solutions tailored to your specific needs.

This guide dives deep into the intricacies of Federal Bank Business Loans, covering everything from eligibility criteria and interest rates to repayment options and required documentation. We’ll also highlight the specialized corporate finance schemes offered by the bank, making it easier for you to choose the perfect financing solution for your business.

Key Takeaways

• Federal Bank offers business loans with interest rates starting from 11.10% p.a.
• Loan amounts can range from ₹25 Lakh to ₹5 Crore.
• Repayment tenures extend up to 120 months.
• Various loan products cater to different business needs, including working capital, term loans, and more.
• As the Best Loan DSA in Kolkata, Loanoffice.in can help you navigate the application process.

Federal Bank Business Loan: A Detailed Overview

Federal Bank understands that every business is unique, which is why they offer a diverse portfolio of business loan products. This section breaks down the different loan categories and their respective interest rates:

Loan Type/Category	Interest Rate (Fixed) p.a.
Loans to borrowers with an aggregate credit limit up to ₹25 Lakh (Including contractors/ real estate developers)	11.10% to 14.25%
Loans to borrowers with an aggregate credit limit above ₹25 Lakh to ₹2 Crore (Including contractors/ real estate developers)	11.20% to 14.25%
Loans to borrowers with an aggregate credit limit above ₹2 Crore to ₹5 Crore (Including Contractors)	11.80% to 13.30%
Loans to Real Estate Developers above ₹2 Crore to ₹5 Crore	11.95% to 13.45%
Rent Securitization Loans	11.20% to 12.70%
Commercial Vehicle Loans	9.95% to 11.25%
Microcredit to SHGs/ JLGs/ Kudumbasree and similar schemes	12.50%
Loans under NRLM/ NULM	12.50%
Loan under PM SVANidhi scheme	16.00%

Repayment Tenure: Up to 120 months

Who Can Apply for a Federal Bank Business Loan?

Federal Bank’s business loans are designed to cater to a wide range of business entities, including:

• Individuals: Sole proprietors and freelancers can apply for loans to support their ventures.
• Self-employed professionals: Doctors, lawyers, chartered accountants, and other professionals can access funding for their practices.
• MSMEs: Micro, Small, and Medium Enterprises form a core focus area for Federal Bank’s lending initiatives.
• Private and Public Limited Companies: Established businesses can avail loans for expansion, working capital, and other requirements.
• Sole Proprietorships, Partnership Firms, Limited Liability Partnerships (LLPs): Different business structures are eligible to apply.
• Any other business entity engaged in Trading, Services, or Manufacturing sectors: Federal Bank caters to a wide range of industries.

Note: NBFCs and Companies dealing with Export Credit, Chit Fund, and Real Estate are not eligible to apply for Federal Bank business loans.

Looking for assistance in navigating the application process? As the Best Loan DSA in Kolkata, Loanoffice.in can provide expert guidance and support.

Corporate Finance Schemes: Beyond Standard Business Loans

Federal Bank goes beyond standard business loans to offer comprehensive corporate finance solutions. These include:

• Term Loans: Long-term financing for capital expenditure and business expansion.
• Working Capital Loans: Short-term loans to manage day-to-day operational expenses.
• Letter of Credit: Facilitates international trade by guaranteeing payment to suppliers.
• Bill Discounting: Provides immediate access to funds by discounting bills of exchange.
• Project Finance: Funding for large-scale projects with long gestation periods.
• Bank Guarantee for Corporates: A guarantee issued by the bank on behalf of a company to ensure fulfillment of contractual obligations.
• Packing Credit Limit: Financing for the procurement and packaging of goods for export.
• Pre-shipment Credit in Foreign Currency (PCFC): Credit facility in foreign currency to exporters.
• Rediscounting of Export Bills Abroad (EBRD): Allows exporters to discount their export bills abroad.

Documents Required for Federal Bank Business Loan Application

To ensure a smooth application process, gather the following documents:

• Duly filled application form with passport-sized photographs
• Identity Proof: Passport, Voter’s ID card, Driving License, PAN Card
• Address Proof: Utility Bills (Water/Electricity Bills), Passport, Ration Card, Trade License, Lease agreement
• Last 12 months’ bank account statement
• Business Address Proof along with PAN card
• Business Incorporation Certificate
• Last 2 years ITR, Sales tax returns with audited financials
• Any other document required by the Federal Bank

Features of Federal Bank Business Loans

• Tailored Solutions: A diverse range of loan products to cater to different business sizes and needs.
• Competitive Interest Rates: Starting from 11.10% p.a., making borrowing affordable.
• Flexible Repayment Options: Choose a repayment plan that aligns with your cash flow.
• Minimal Documentation: Streamlined application process with minimal paperwork.

Federal Bank – Repayment Options for Business Loans

Federal Bank offers flexibility in loan repayment, allowing you to choose a method that suits your convenience:

• Cheques: Traditional payment method.
• EMIs (Equated Monthly Installments): Fixed monthly payments over the loan tenure.
• FedNet – Internet Banking: Online payment facility for seamless transactions.
• Mobile Banking: Repay your loan on the go using the Federal Bank mobile app.
• National Automated Clearing House (NACH): Automated debit facility from your bank account.
• Standing Instructions (SI) at the nearest bank branch: Authorize the bank to deduct EMIs automatically from your account.

Conclusion: Partner with Federal Bank and Loanoffice.in for Your Business Success

Federal Bank’s business loans offer a compelling solution for entrepreneurs and businesses seeking financial support. With competitive interest rates, flexible repayment options, and a diverse range of loan products, Federal Bank can help you achieve your business goals.

As the Best Loan DSA in Kolkata, Loanoffice.in can guide you through the entire loan application process, from understanding your eligibility and choosing the right loan product to assisting with documentation and ensuring a smooth approval process. Contact us today to explore how we can help you secure the funding you need to fuel your business growth.

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