Know everything about Federal Bank Car loan Bengaluru

Federal Bank Car loan in Bengaluru

About Federal Bank Car loan in Bengaluru

Federal bank is a major name in the Indian banking industry which was incorporated in the year 1931. The bank has been able to create a mark for itself as a commercial private sector bank in the nation. The bank has its main head office in Aluva, Kochi in the state of Kerala. The bank headquarters was shifted to Aluva in the year 1945. The bank is conducting operations in the country since the time India was fighting for its freedom from the British rule. The bank has covered the all the states of India with its 1252 branches and 1516 ATMs. It is working on measures to reach every corner of the country and thus become the most praised bank the country has ever seen. The bank is known to offer a wide range of financial products and services to its customers that have surpassed the expectations. The bank has been awarded for being different and innovative. It won the Best Corporate Brand Award in 2016. The award was given by Economics Times to the bank for its exceptional performance. The bank did something unique and launched FedBook Selfie for the customers. It received the Skoch Smart Technology Award 2015 for the innovative service.

Bengaluru is the capital of Karnataka and is one of the leading cities in the country.  The city is proudly known as Silicon Valley of India as most of the information technology companies are located here. It is the largest contributor to India’s information technology export. The city is ranked number fourth when it comes to the fast-moving consumer goods market. To sum up, Bengaluru is a leading hub of education, IT and trade in southern India and attracts many people from the country. Federal bank has ensured its presence in the city with more than 15 branches located at important locations.

You feel on the top of this world when people congratulate you for buying your own car. A car adds a spark to your style statement. However, finance acts as a big hurdle and can put a brake on your car dreams. Federal bank wants to eliminate the hurdle of finance and offer the interested car buyer a much-needed loan at the best interest rate possible.

Federal Bank Car loan in Bengaluru at a glance

Interest rate7.65% Onwards
Loan amountWill depend on the bank’s norm
TenureNew cars: 7 years (for salaried)

Pre-owned cars: 5 years
Processing feeAs per the bank’s norm
Pre-payment chargeAs per the bank’s norm

Eligibility criteria

  • Residents individuals and big corporates are eligible to apply for a Federal Bank car loan in Bengaluru

  • The applicant needs to take home at least ₹ 7,500 after meeting all the EMI commitments. You should note that this also includes the proposed EMI for the car loan he/she will take

Documents required

  • Two photographs of passport size of both the applicant and the co obligant
  • Proof Of Identity- PAN Card/Passport/Aadhar card/Driving License/Voter ID Card
  • Proof of Age- Passport/ SSLC or AISSE Certificate/Birth Certificate/Driving License
  • Proof of Residence- Aadhar Card/Passport/Voter ID Card/Lease agreement/Telephone bill/Ration card/Electricity bill
  • Proof of Income-

For Salaried individuals:  

  • Income Tax returns of the previous two financial years or Form 16
  • Salary slip of the last three months /Latest salary certificate,
  • Bank statement of the last six months.

For Self-employed:

  • Proof of existence of the business and its profile
  • Bank account statements of the last 12 months
  • Audited Balance Sheet/ Profit & Loss account
  • Income Tax returns of the past two financial years
  • IT returns of the previous two years which has to be supported by tax calculation sheet

Other documents-

  • Invoice
  • In case of a used car, Valuation & sale letter from an authorized used car dealer is needed
  • Own house proof or latest land tax receipt

    Some property documents that are needed if loan amount is above 10 Lakhs-

  • possession certificate
  • document of title
  • location sketch
  • EC for 13 years

For additional information check out Car Loan Bengaluru.

Address of Federal Bank branches in Bengaluru

Branch NameAddressIFSCMICRCustomer Care
Residency RoadP B No. 25058, 44 & 45 Residency Road, Museum Road P O, Bangalore, 560025 , KarnatakaFDRL0001104560049003080-25591407
Gandhi NagarP B No. 9981, No. 11, 1St Cross, Gandhi Nagar, Bangalore, 560009 , KarnatakaFDRL0001189560049002080-22385208
BasavanagudiNo 70, Gandhi Bazar Main Road, First Floor, Basavanagudi, Bangalore, 560004 , KarnatakaFDRL0001318560049004080-26617616
Rajaji NagarNo. 60/60, Raj Chambers, Dr. Rajkumar Road, 2Nd Block, Rajaji Nagar, Bangalore, 560010 , KarnatakaFDRL0001334560049005080-23522007
Jaya NagarK M Plaza, , Kanakapura Main Road, 30Th Cross, 7Th Block, Jayanagar, Bangalore, 560082 , KarnatakaFDRL0001387560049006080-26655558
Marathahalli86/80, 1St Floor, Main Road, Marathahalli, Bangalore, 560037 , KarnatakaFDRL0001454560049007080-25227111
BanaswadiNo.7, Ward No.88, Banaswadi Main Road, , Bangalore, 560043 , KarnatakaFDRL0001471560049009080-25420700
Rt NagarNo.20, Ist Main Road, 108 B Bus Station, Ganga Nagar, R T Nagar P O, Bangalore, 560032 , KarnatakaFDRL0001472560049010080-23434258
Indiranagar315/1, 100 Feet Road, Opp Post Office, Indiranagar, Bangalore, 560038 , KarnatakaFDRL0001535560049012080-25212341
KrishnarajapuramVsr Complex Old Madras Rd Krishnarajapuram Bangalore 560036, KarnatakaFDRL0001561560049014080-25619070
Vignana Nagar No 2 And 5 Sands Plaza Vignana Nagar Main Road Bangalore 560037 KarnatakaFDRL0001629560049019080 25238900
Vijaya Nagar# 21, 17Th Cross, Chord Road, Near Maruthi Mandir, Vijayanagar, Bangalore 560040 KarnatakaFDRL0001643560049020080 23159121, 23159123
Jalahalli17/1, Savithri, S M Road, Bangalore - 560015.FDRL0001582560049015080 28372201, 28372202
Bangalore J P NagarU.D.N Altius, 100 Ft Ring Road, 6Th Phase, J P Nagar, Bangalore - 560078, KarnatakaFDRL00018975770495239743223830
Bangalore Hsr LayoutNo.19, 15Th Cross, 15Th Main, Sector Iv, Hsr Layout , Bangalore - 560102FDRL00017695600490249916989278
BanashankariSudhama, No.299, 100Ft.Ring Road 4Th Phase, 7Th Block , Banashankari 3Rd Stage , Bangalore, Karnataka 560085FDRL00017815600490261800-420-1199
BangaloreGarden City College, 16Th Km Old Madras Road, Virgonagar Post, Bangalore Urban Dist, Bangalore 560049FDRL0002201Non-MICR66487637
SadashivanagarNo 88 , Keerthi , 2Nd Main, Palace Guttahalli P O , Bangalore , KarnatakaFDRL0002198Non-MICR9916352599
Bangalore / Funds & InvestmentFunds And Investment Branch, No.11, 2Nd Floor, 1St Cross, Gandhinagar, Bangalore, 560009 , KarnatakaFDRL0000506560049001080-22201998

Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%