Federal Bank - Federal Easy Cash

Federal Easy Cash

Federal Easy Cash

Features & Benefits

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Hassle free processing and simple documentation
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Loan will be sanctioned against bank deposits, LIC Insurance policy, NSC, KVP, IVP, Govt. & RBI Non-cumulative bonds, Govt. & RBI cumulative bonds etc
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Affordable interest rates
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Supported by over 1000 branches
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Loan amount can be used for any personal/lawful needs
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Repayment of the loan shall be made as lump sum

Eligibility

Who can apply

  • Individuals
  • Firms
  • Trusts
  • Companies

 

How to avail the loan?

  • To avail the loan, Please visit any of our branches.

Terms & Conditions

  • Margin will be 10%
  • Maximum period of the loan will be 72 months
  • Maximum period shall not exceed the remaining maturity period of the security.

The interest rate applicable to the AAD/Easy Cash facility shall be fixed in accordance with the terms prevailing on the date of sanction and shall continue to apply irrespective of any premature closure of the underlying deposit, reduction in the interest payable thereon, or imposition of any premature-closure penalty. Upon renewal of the facility, the interest rate shall be fixed afresh in accordance with the rules then in force for the renewed term.

Interest Rates & Charges

  • Interest will be applied monthly basis.
  • Please visit the Interest Rates page for details

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