Quick Biz
A Federal Bank business loan backed by gold ornaments, deposits or other approved securities, with digital onboarding and quick payout.
Last updated on
Not yet confirmed. The details on this page are based on Federal Bank, Quick Biz (external site) (official website) and Federal Bank, SME loans (external site) (official website), and we have not been able to confirm them against a current official page. Check with The Federal Bank Limited before you rely on them.
- Status
- Open
- Run by
- The Federal Bank Limited
What you get
- Secured by gold ornaments of at least 22 carat, bank deposits, or approved securities such as NSC, KVP, LIC policies or government securities
- Loan amounts above ₹5 lakh and up to ₹1 crore
- Digital onboarding and quick disbursal
Who can apply
- Open to businesses in manufacturing, trading and services.
- The most on offer is ₹1 crore.
- Open to individuals, self-employed professionals, firms and companies in manufacturing, trading or services
- Contractors cannot borrow under this product
- Loan amount above ₹5 lakh
How to apply
- Apply online through the Federal Bank MSME portal, which also lets you track the application
- Or download the MSME loan application form with its checklist and hand it in at a branch
In person, any Federal Bank branch, where you can also hand in the printed MSME loan application form
In Kerala, any Federal Bank branch, or the Federal Bank MSME portal online
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.