Short Term Loan for Corporates
Features
Federal Bank offers short term credit facilities to entrepreneurs to meet working capital needs and other eligible requirements. Short term credit facilities to entrepreneurs:
Eligibility
Mid / Large corporates having satisfactory external rating and having turnover of Rs. 500 Crores and above OR minimum exposure ( Funded + Non Funded) of Rs.25 Crores
Security
- Hypothecation / extension of Hypothecation charge over the current assets and fixed assets, hypothecation of machinery / assets etc
- Extension of charge over current assets / Fixed Assets
- Additional tangible security such as immovable properties / bank deposits etc.
- Personal guarantee of Proprietors / partners / promoters.
- Corporate Guarantee
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