Federal Bank Car Loan in New Delhi

Last Updated : March 24, 2017, 10:23 a.m.

About Federal Bank Car loan in New Delhi

Federal Bank, incorporated in the year 1931 is renowned private sector bank in India. The bank is conducting operations from its head office in Aluva in Kochi. The bank became a fully-fledged commercial bank in the year 1970. New Delhi is the capital of India and thus attracts people from every part of the country. There are many people in the city who desire to drive in their own car. Sometimes, lack of required finance hampers the dreams of many people. Keeping this in mind, Federal bank has designed a car loan for the Delhites, so that they can bring home a car of their dreams. The product offers the customer best repayment tenure and low-interest rates. In order to avail a car loan, the customer must fulfill the eligibility norms and complete documentation work. Federal bank has establsihed over ten branches in New Delhi to ensure timely delivery of services to the customer.

Federal Bank Car loan in New Delhi at a glance

Have a look at the important details of Federal Bank Car loan New Delhi here.

Eligibility criteria

The eligibility criteria for a Federal bank car loan have been given below. You refer to it, to determine whether you are eligible for the product or not.

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

• 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

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.

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 more details have a look at Car Loan New Delhi .

Address of Federal Bank branches in New Delhi

The complete address of every branch of Federal bank New Delhi has been given below along with the IFSC and MICR codes.