About Federal Bank Car loan in Chennai
Federal bank, which is one of the oldest private sector banks in the nation, offers a car loan to the customers in Chennai. The car loan product is very popular amongst loan borrowers. the product can be used to buy both new and old cars. Federal Bank offers the product to both salaried employees and self-employed individuals. Chennai is a major hub of education, medical, trade and tourism in southern India. The city is also witnessing growth in information technology. Federal bank has opened more than ten branches in the city that are working at their best to deliver the product of car loan to customers. An applicant has to ensure that he/she meets the eligibility criteria set by the bank, if he/she desires to avail a car loan.
Federal Bank Car loan in Chennai at a glance
Have a look at the important details of Federal Bank Car loan Chennai here.
|Interest rate||7.65% Onwards|
|Loan amount||Will depend on the bank’s norm|
|Tenure||New cars: 7 years (for salaried) |
Pre-owned cars: 5 years
|Processing fee||As per the bank’s norm|
|Pre-payment charge||As per the bank’s norm|
The eligibility criteria for a Federal bank car loan have been given below. Check whether you are eligible or not by referring to it.
Residents individuals and big corporates are eligible to apply for a Federal Bank car loan Chennai
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
The documents required at the time of loan application have been listed below.
- 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.
- 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
- 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
In case you need extra information, feel free to refer to Car Loan Chennai.
Address of Federal Bank branches in Chennai
The complete address of every branch of Federal bank Chennai has been given below along with the IFSC and MICR codes.
|Branch Name||Address||IFSC||MICR||Customer Care|
|Anna Nagar||C 48, Tnhb Complex, Iind Avenue, Anna Nagar, Chennai, 600040 , Tamil Nadu||FDRL0001324||600049006||044-26216008|
|Mount Road||S V S Club Building, 61, Anna Salai, Mount Road, Chennai, 600002 , Tamil Nadu||FDRL0001100||600049003||044-28512561|
|George Town||Voltas International Centre, 52 (New No 107), Armenian Street, George Town, Chennai, 600001 , Tamil Nadu||FDRL0001181||600049002||044-25342327|
|Rajaram Mehta Nagar||1St Floor, # 25, Nelson Manickam Road, Rajaram Mehta Nagar, Chennai, 600029 , Tamil Nadu||FDRL0001233||600049004||044-23740563|
|Royapettah||P B No. 5569, No.1, Beemasena Garden, Royapettah High Road, , Mylapore, Chennai, 600004 , Tamil Nadu||FDRL0001282||600049005||044-24993441|
|T Nagar||Second Floor, Gold Crest, 54 - 55, North Usman Road, T Nagar, Chennai, 600017 , Tamil Nadu||FDRL0001386||600049007||044-28158717|
|Adyar||Door No.46 (Opp. To Impcops), Lattice Bridge Road, , Chennai, 600041 , Tamil Nadu||FDRL0001441||600049008||044-24404058|
|Vadapalani||Sri Valli Towers, 86.Jawaharlal Nehru Road, (100 Feet Road), Chennai / Vadapalani, 600026 , Tamil Nadu||FDRL0001444||600049009||044-24812969|
|Cms||61, Anna Salai, Chennai 600002 , Tamilnadu||FDRL0001444||600049009||044-28510645|
|Purasawalkam||Door No.47, Gangadeeswarar Koil Street, Purasawalkam, Chennai, 600084 , Tamil Nadu||FDRL0001457||600049011||044-26651129|
|Perambur||No.39, Srp Koil Street , North Street, Tvk Nagar , Perambur West , Chennai 600082 Tamil Nadu||FDRL0001933||600049027||1800-425-1199|
|Chennai Mount Road Extension||Asan Memorial Senior Secondary School No 1 Anderson Road Chennai 60006 Tamil Nadu||FDRL0001521||600049028||0442 28272213|
|Tambaram||58 Ground Floor Kakkan St West Tambaram Chennai 6000045 Tamil Nadu||FDRL0001536||600049012||044-22261114 22261115|
|Porur||4/70 Arcot Road Porur Chennai 600116 Tamil Nadu||FDRL0001564||600049015||044-24763791|
|Chennai Zonal Office||Bhattad Tower First Floor 30 West Cott Road Royapettah Chennai 600014, Tamil Nadu||FDRL0000171||Non-MICR||91-44-28587516|
|Funds & Investment||62 (Upstairs), Mount Road, Chennai, 600002 , Tamil Nadu||FDRL0000502||600049001||044-28583306|