Term Loans

Features

Federal Bank offers term loans for Mid / Large corporates having turnover more than Rs.500 Crores or projects with outlay of Rs.500 Crores or more OR minimum exposure (Funded + Non Funded) of Rs.25 Crores. Term loans are provided to extend long term credit facilities to entrepreneurs such as:

Expansion & Modernization, setting up of factory building and other infrastructure facilities

Substitution of high cost debts / high cost term debts of other Banks / FIs

Up-gradation of technology & energy conservation schemes / machinery

Design and introduction of new layouts in the factory to enhance productivity

Acquisition of software, hardware, consumable tools, jigs, fixtures etc

Acquisition of ISO and other similar certifications

Loans under Technology Upgradation Fund Scheme(TUFS)

Securitisation of receivables

Period of the loan will be up to 60 months. Repayment can be made In Monthly /Quarterly / Half yearly installments or bullet repayments.

Eligibility

All Corporates having turnover Rs.500 Crores and above will be considered under Large Corporate portfolio or minimum exposure ( Funded + Non Funded) of Rs.25 Crores.
Eligibile limit is Minimum Rs.25 Crores.

Security

Primary

Mortgage/ Hypothecation of fixed assets/machinery/ assignment of leasehold rights/ exclusive or specific charge on machinery being financed.

Collateral

Extension of charge over current assets
Additional tangible security such as immovable properties / bank deposits etc.
Pledge of promoters holdings
Negative lien on current assets

Others

Personal guarantee of Proprietors / partners / promoters
Corporate Guarantee

Get a Call Back

Features

Eligibility

Security

You might be interested

Blog

Tutorial Videos

Banking Bytes