Federal Bank’s LAP is designed to fulfil any personal requirement of yours or to take care of any other legally valid expenditure. A property loan from Federal Bank offers its customers various unique features and attractive benefits. Some of them are listed below:
- The approval process of loan against property scheme is quick and hassle free.
- Federal Bank offers longer repayment period that is up to 120 months and flexible repayment options.
- There is no unnecessary stipulation of financial parameters associated with a Federal Bank property loan
- Loan against property in Federal Bank can be availed for low processing charges or fees which is 0.50% of the loan amount
- Property loan from Federal Bank is also known as term loan as it offers loan for purchase of fixed assets, machinery equipments and also for construction of office building, factory, furnishing and interior decorations.
- Federal Bank property loan can also be availed for working capital and non funded limits such as procurement of stock, meeting advertising expense and financing against receivables.
- Federal bank property loan can also be availed as demand loan for meeting general administrative expenses.