Federal Bank Car Loan in Kolkata

Last Updated : March 18, 2017, 3:28 p.m.

About Federal Bank Car loan in Kolkata

Federal bank which was formed in 1931, is a well known commercial private sector bank in India. It got the name of ‘Federal Bank Limited’ in 1947, and before that, it was known by the name Travancore bank. The bank shifted its head office to Aluva on May 18, 1945. Aluva is a part of the city of Kochi. The bank began conducting its operations on April 28, 1931, with a capital of Rs. 5,000 on in Thiruvalla.  By the time it entered its second year, the bank opened up a second branch in Angamally. Since then, the bank has not looked behind and has kept on making new success stories. It has carved a name for itself in the Indian banking world. Currently, the bank has over 1000 ATMs and branches in the country, which are serving the people. Federal bank has never been reluctant to innovate and thus has introduced FedBook or offered the customers Virtual Accounting System. All this has led to showers of praise and admiration being thrown on the bank. As a matter of fact, Federal bank is the first ever traditional commercial bank that was listed on the London Stock Exchange. It was also one of the first traditional banks which issued GDR. Federal bank has expanded its boundaries to UAE as well and is acting as a joint pin for the NRI customers who live in UAE. It has established an office in Abu Dhabi for the same. The bank is working hard to take care of every need of the customer.

Kolkata is the former capital of India, which has a very rich history. It is a major commercial, educational and economical centre in eastern belt of India. The city houses the Calcutta Stock Exchange. It is witnessing the development of information technology (IT) sector, business processing outsourcing as well other industries. Many Special economic zones have been created in the city. The city attracts many people from the north-eastern part of India, who come here in search of employment. Federal bank has opened up about 20 branches in the city through which people can meet their varied financial needs.

A car loan is availed by people who wish to purchase a car. After all, having a car of your own gives you so many benefits. Federal bank offers a car loan to the people of the city of joy-Kolkata. The product offered by the bank comes with its own advantages like low EMIs, good interest rates and flexible repayment term period.

Federal Bank Car loan in Kolkata at a glance

Check out this table to know the details of the product.

Eligibility criteria

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

• 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

Please refer to Car Loan Kolkata for more information about the product.

Address of Federal Bank branches in Kolkata

The addresses of different branches of Federal Bank in Kolkata have been given below.