Federal Bank India Car Loans
Get behind the wheel of your dream car with Federal Bank India car loans. Whether you're buying a new car or a used car, Federal Bank offers competitive interest rates and flexible repayment options.
Features of Federal Bank India Car Loans:
- Loan amount up to 100% of the car value
- Flexible repayment tenure of up to 7 years
- Quick loan approval process
- Attractive interest rates
- No prepayment charges
- Option to transfer existing car loan to Federal Bank
Eligibility Criteria:
- Minimum age of 18 years
- Minimum income requirement as per bank's policy
- Good credit score
- Salaried individuals, self-employed professionals, and businessmen are eligible to apply
Documents Required:
- Identity proof
- Address proof
- Income proof
- Passport size photographs
- Car quotation/invoice
How to Apply:
Visit your nearest Federal Bank branch or apply online through the bank's website. Fill out the car loan application form and submit the required documents for verification. Once your application is approved, you can drive home your new car!
Contact Information:
For more information about Federal Bank India car loans, you can contact the bank's customer service at 1800 420 1199 or visit their official website.
Frequently Asked Questions about Federal Bank Car Loans
1. Can I apply for a car loan from Federal Bank online?
Yes, you can apply for a car loan from Federal Bank online through their official website or mobile app.
2. What are the eligibility criteria for Federal Bank car loans?
The eligibility criteria for Federal Bank car loans include minimum age of 21 years and maximum age of 60 years, minimum income requirement, and a good credit score.
3. How much loan amount can I get for purchasing a car?
The loan amount for purchasing a car depends on various factors such as your income, credit score, and the value of the car. Federal Bank offers loan amounts up to 100% of the ex-showroom price of the car.
4. What is the maximum tenure for Federal Bank car loans?
The maximum tenure for Federal Bank car loans is up to 7 years, depending on the loan amount and the applicant's profile.
5. Is there a processing fee for Federal Bank car loans?
Yes, Federal Bank charges a processing fee for car loans, which may vary based on the loan amount and tenure. It is advisable to check the latest fee structure on their website.
6. Can I prepay my car loan before the end of the tenure?
Yes, you can prepay your car loan before the end of the tenure. Federal Bank allows prepayment of car loans, but there may be prepayment charges applicable based on the terms and conditions of the loan agreement.
