Know all about Federal Bank Car loan Pune- Bhubaneswar

Federal Bank Car loan in Pune

About Federal Bank Car loan in Pune

Federal bank is one of the commercial private sector banks in India that has worked to meet the financial requirements of the people. The bank was established in the year 1931. The bank was formed at the time when India was on the verge of getting complete independence from British rule. The main headquarter of the bank is set up in Aluva, Kochi. The bank shifted the base here in 1945. Federal bank has branches and ATMs that are present in all the states of the country. The bank was earlier called as Travancore bank but in 1947, the bank got its current name Federal bank limited. The bank has churned out products and services that are world class, efficient and effective. The bank has never let the focus move out from the customer. It aims to emerge out as leader and the most admired bank in India. Following the same motto, the bank has used innovation and given customers an experience like never before. The bank has been nurturing its relationship with customers for more than eight decades. It has a relationship with the customer that is built on trust and high standard. Today, the bank is a major private bank because it has the support of the customers. The bank has always believed in understanding the needs of the customer and hence has designed products that have the potential to bring a smile on the faces of the customers. The bank has won many awards because of its outstanding contribution to the Indian banking sector.

Pune is a very important city of Maharashtra. Pune is a leading centre for education, automobile industry and manufacturing. The city has many famous institutions that attract students from all the corners of the country.  It is one of the fastest developing cities in the Asia pacific region. The city has now turned into a major hub of information technology in India. In addition to this, many automobile companies have set up their greenfield facilities in the city. The city has also witnessed the growth of several start-ups and hence has received the tag of startup city in India. Federal bank has opened up thirteen branches in the city, which is also known as ‘Queen of Deccan’.

We all wish to drive our own car and go on long drives. However, they are many people who are unable to realize their dream because of insufficient funds. Federal bank offers a car to such people so that their dreams are fulfilled and finance never acts a hurdle for them. The bank is offering the product to suitable applicants who can pass the eligibility test and have enough documents which can be furnished at the time of loan application. Anyone who is eligible can now drive a car on the roads of Pune through the help of a Federal bank car loan.

Federal Bank Car loan in Pune at a glance

Check out the important stuff about Federal Bank Car loan Pune here.

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

The eligibility norms for a car loan have been listed below. Have a look here-

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

  • 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 list of documents required for a car loan 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

Check out Car Loan Pune to have a better understanding of the product that is offered in the city.

Address of Federal Bank branches in Pune

BranchesAddressIFSCMICRContact details
PuneArihant, 1187/26, Ghole Road, Near Balgandharva Square, 411005 , MaharashtraFDRL00013484110490021800-420-1199
KothrudUnnati Plot No 61 Opp Vanaz Industry Lokmanya Colony Kothrud Pune 411038FDRL00015004110490031800-420-1199
Warje MalwadiSuryakiran 1727 Nda Road Warje Malwadi Pune 411029FDRL00015064110490051800-420-1199
Sinhagad RoadNo 39/38 Sundar Park C Building Shop No 1 - 5 Niranjan Park Lane Manik Baug Behind Petrol Pump Sinhagad Road PuneFDRL00015104110490061800-420-1199
AundhGround Floor, Supreme Square Near Shiv Sagar Hotel D.P Road, Parihar Chowk Aundh, Pune – 411007FDRL00016634110490081800-420-1199
BibvewadiUnit No 3, Upper Ground Floor, Cru Mall, Main Gangadham Road, Opp Gagan Vihar Society, Maharashtra - 411037FDRL000181994110490121800-420-1199
Pimple SaudagarGround Floor, Prime Square, No 125/5, Aundha Annexe, Pimple Saudagar, Maharashtra - 411027FDRL00018184110490131800-420-1199
Chakan NanekarwadiGround Floor, Hrishikesh Chambers, Shivaji Chowk, Chakan Talegaon Road, Chakan P.O, Pune Dist. , Maharashtra - 410 501FDRL00017864110490111800-420-1199
PhursungiGround Floor, Deshmukh Estate, Opp. Sp Infocity, Pune Saswad Road, Phursungi P.O, Haveli Taluk, Pune, Maharashtra - 412 308FDRL00017854110490101800-420-1199
ShivaneHari Vitthal Plaza, Survey No:14/1A, Shivane P.O, Haveli Taluk, Pune Dist.,
Maharashtra - 411 023
Retail hubRetail Hub , First Floor, Sai Krupa Building, Opp. Spencers, Bhandarkar Road, Deccan, Pune -411004FDRL0000317Non-MICR1800-420-1199
Tilak RoadGround Floor, Shree Krishna Complex 1026, Shukrawar Peth Tilak Road , Pune, Maharashtra 411002FDRL00019464110490141800-420-1199
Takrar WadiShop No 10, Grampanchayat Building, Takrar Wadi, Indapur Taluk, Pune District, Maharashtra, 413130FDRL0002265Non-MICR1800-420-1199

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%