Federal Bank Car Loan in Jaipur

Last Updated : March 22, 2017, 8:17 p.m.

About Federal Bank Car loan in Jaipur

Federal bank is one of the country’s leading private sector bank which was formed in the year 1931. The bank was established at a time when the country was on the verge of getting independence from British rule. It was formerly known by the name Travancore bank and it was only in 1947 that the bank got its name Federal bank limited. Federal bank has been working hard to achieve the goal of turning out into the most admired financial institution in the country. It not only wishes to meet the expectations of the customers but also outshine them. It has always believed in the fact that customer satisfaction can only be achieved when the products and services are up to the mark and are delivered on time. The bank has covered the entire nation with its wide network of more than 100 branches. Federal bank’s main head is set up in the beautiful city of Kochi. When it comes to the matter of innovation, Federal bank has always been a trendsetter. It has used technology & innovation and launched Fed-E-Credit and FedBook. FedBook is a mobile based application which helps the customer to get his/her account passbook on a smartphone. The customers are not required to fill any application form, he.she can simply download the FedBook app and start using it. FED-E-Credit is an online loan facility through which a customer can take a loan using the fixed deposit.

Jaipur, the capital of Rajasthan is an important centre of tourism, jewelry, gemstone cutting and luxury textiles. The city has witnessed a growth in the number of industries and this has caught the attention of many financial institutions. Federal bank has also established four branches in the pink city. The branches have employees who are working hard to meet the needs of the customers and deliver the products and services on time.

A car loan is a very effective product that is offered to loan seekers who want to buy a dream car. The product ensures that the concerned customer can fulfill his/her dreams of buying a car. The person is supposed to pay a certain down payment amount and the rest is taken care by the bank. The entire loan amount along with the interest is to be repaid in the form of monthly installments. Federal bank offers a car loan which comes with attractive interest rates and easy repayment tenure. To enable you to make a sound financial decision, essential information has been collected and assembled here. Don’t forget to have a proper look at it.

Federal Bank Car loan in Jaipur at a glance

Eligibility criteria

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

• 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 Jaipur.

Address of Federal Bank branches in Jaipur