Federal Bank Chennai

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About Federal Bank

Federal bank is a leading private sector commercial bank which has its origin in the pre-independence era. The bank is headquartered in the beautiful city of Kochi, Kerala lying on the banks of Periyar river. It was formed in the 1931 and since then has managed to leave a place for itself in the hearts of the customer. It aims to become the most admired bank by giving customers a satisfying experience. Federal bank wishes to reach every corner of India and has thus spread its branches and ATMs to different states of the nation. It follows the simple motto of delivering the best service possible.

Federal bank has been able to perform well on all the parameters. It is one of the first traditional banks that ensured that all the branches are inter-connected with each other. It brought another new revolution in the banking sector when it introduced e-shopping payment gateway. One of the best innovations the bank has ever made is- FedBook i.e. a mobile based passbook. This eradicated the need to go a home branch in order to get one’s passbook updated. The innovation reaped rewards. The bank received ‘Skoch Smart Technology Award 2015’ for its FedBook Selfie. Federal bank has always been one step ahead when it comes to taking charge of the needs of people residing in Chennai.

Address of Federal Bank branches in Chennai

Branch NameAddressIFSCMICRCustomer Care
Anna NagarC 48, Tnhb Complex, Iind Avenue, Anna Nagar, Chennai, 600040 , Tamil NaduFDRL0001324600049006044-26216008
Mount RoadS V S Club Building, 61, Anna Salai, Mount Road, Chennai, 600002 , Tamil NaduFDRL0001100600049003044-28512561
George TownVoltas International Centre, 52 (New No 107), Armenian Street, George Town, Chennai, 600001 , Tamil NaduFDRL0001181600049002044-25342327
Rajaram Mehta Nagar1St Floor, # 25, Nelson Manickam Road, Rajaram Mehta Nagar, Chennai, 600029 , Tamil NaduFDRL0001233600049004044-23740563
RoyapettahP B No. 5569, No.1, Beemasena Garden, Royapettah High Road, , Mylapore, Chennai, 600004 , Tamil NaduFDRL0001282600049005044-24993441
T NagarSecond Floor, Gold Crest, 54 - 55, North Usman Road, T Nagar, Chennai, 600017 , Tamil NaduFDRL0001386600049007044-28158717
AdyarDoor No.46 (Opp. To Impcops), Lattice Bridge Road, , Chennai, 600041 , Tamil NaduFDRL0001441600049008044-24404058
VadapalaniSri Valli Towers, 86.Jawaharlal Nehru Road, (100 Feet Road), Chennai / Vadapalani, 600026 , Tamil NaduFDRL0001444600049009044-24812969
Cms61, Anna Salai, Chennai 600002 , TamilnaduFDRL0001444600049009044-28510645
PurasawalkamDoor No.47, Gangadeeswarar Koil Street, Purasawalkam, Chennai, 600084 , Tamil NaduFDRL0001457600049011044-26651129
PeramburNo.39, Srp Koil Street , North Street, Tvk Nagar , Perambur West , Chennai 600082 Tamil NaduFDRL00019336000490271800-425-1199
Chennai Mount Road ExtensionAsan Memorial Senior Secondary School No 1 Anderson Road Chennai 60006 Tamil NaduFDRL00015216000490280442 28272213
Tambaram58 Ground Floor Kakkan St West Tambaram Chennai 6000045 Tamil NaduFDRL0001536600049012044-22261114 22261115
Porur4/70 Arcot Road Porur Chennai 600116 Tamil NaduFDRL0001564600049015044-24763791
Chennai Zonal OfficeBhattad Tower First Floor 30 West Cott Road Royapettah Chennai 600014, Tamil NaduFDRL0000171Non-MICR91-44-28587516
Funds & Investment62 (Upstairs), Mount Road, Chennai, 600002 , Tamil NaduFDRL0000502600049001044-28583306

Products offered by Federal Bank

Federal bank has always believed in keeping the customer satisfied by offering much needed financial products from time to time. You can avail any loan from the bank, be it a car loan or a business loan or a personal loan or even take a loan against property. The bank gives wings to the dreams of people who wish to buy a home, by offering a home loan. Anybody can secure a loan from Federal bank. All he/she needs to do is fulfill the eligibility norms and deposit the documents. To get more information about the products offered by the bank, have a look at the tables-

Basic details of Federal bank loans in Chennai

ProductEligibilityLoan amountInterest rateProcessing feeTenure
Home LoanYou must be a salaried employee or a self-employed or a business in order to avail a home loan from the bank.

The total employment stability needs to be at least 2 years.
Current employment stability of minimum 1 year is required.
Up to Rs. 1500 Lakhs9.10% - 9.20%Up to 30 years
Personal loanThe monthly salary should be Rs. 50,000 and above.
Applicant’s maximum age should be 55 years.
The applicant should be employed in the present job for at least three years
Only applicants in the cities selected by bank can apply. They are Bengaluru, New Delhi & NCR, Chennai, Mumbai, Kochi, Pune and Thiruvananthapuram
Rs. 10 Lakhs11.75% - 14.65%48 months i.e. 4 years
Car LoanThe applicant should take home a minimum of Rs 7500 after meeting all monthly EMI commitments. This also includes the proposed one.
Resident individuals and big corporates can apply for a car loan from the bank
9.15% - 9.45%0.50% of the loan amount .

It can be a minimum of Rs. 500.
New vehicle- 5 years

Salaried- 7 years

Old car- 5 years
Fixed depositsPeople who can open a fixed deposit with the bank-
An individual
Hindu United Family
Associations/Clubs
Joint Stock companies
Firms
Sole Proprietary concerns
Guardians for minor children
Any entity which has not been prohibited by Reserve Bank of India.

Individuals can jointly open an account with another person
The minimum amount required for a fixed deposit at Federal Bank is Rs. 1,000.
No maximum limit has been set as such.
You can get a loan against your fixed deposits upto 90% of the deposit
3.50% - 7.80%NILMinimum- 7 days
Maximum- 10 years
Gold LoanAny individual who owns gold coins or ornaments is eligible to apply for a gold loanUp to Rs. 75 lakhs12.50-13.50%12 months
Education LoanThe applicant should be an Indian national.
He/she needs to secure admission into one of the institutes selected by the bank
Up to Rs 20 Lakhs10.15-14.75%No processing fee10 years
Property Loan Individuals (Residents, Non-residents, PIOs) can applyUp to Rs 5 crore11.65-14.9%1% of the sanctioned amountUp to 15 years
Business LoanFirms, individuals or any company can applyFor professionals- up to Rs 2 crore11.50%Up to 120 months i.e
10 years

Documents required

ProductDocuments
Home loanTwo photographs of passport size of the applicant and the co obligant

Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card

Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill

Proof of Age- Birth Certificate/Passport/ SSLC or AISSE Certificate/Driving License

Proof of Income-
Salaried individuals:
Salary slip of three months /Latest salary certificate,
IT returns of the past two years or Form 16
bank statement of the past six months.
Self-employed-
Bank account statements of the past 12 months
proof of existence of business and its profile
Income Tax returns of the previous two years along with Balance Sheet/ Profit & Loss account
IT returns of the past two years supported by tax calculation sheet

Property documents-
Agreement for Sale & construction,
Letter of Allotment,
Tripartite Agreement which has to be given before disbursal of loan,
Certificate of possession,
Detailed cost of construction and Land tax receipt.
Personal LoanCompletely filled application form which is duly signed

Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card

Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill

A copy of PAN card is mandatory

Applicant’s latest photo of passport size ( two copies)

Income Documents- Salary slip of three months /Latest salary certificate, IT returns of the past two years or Form 16 and bank statement of the past six months
Car loanTwo photographs of passport size of the applicant and the co obligant

Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card

Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill

Proof of Age- Birth Certificate/Passport/ SSLC or AISSE Certificate/Driving License

Proof of Income-
Salaried individuals:
Salary slip of three months /Latest salary certificate,
IT returns of the past two years or Form 16
bank statement of the past six months.
Self-employed-
Bank account statements of the past 12 months
proof of existence of business and its profile
Income Tax returns of the previous two years along with Balance Sheet/ Profit & Loss account
IT returns of the past two years supported by tax calculation sheet

Other documents-
Invoice
Own house proof or latest land tax receipt
In case of used car, Valuation and sale letter from an authorised used car dealer
Some property documents if loan amount is above 10 Lakhs-
document of title,
possession certificate,
EC for 13 years
location sketch
Gold loanIn case you are new customer, you require the following documents-
Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card

Recent photograph of passport size

Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill/Trade license/Sales tax certificate
Loan against propertyTwo photographs of passport size of the applicant and the co obligant

Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card

Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill

Proof of Age- Birth Certificate/Passport/ SSLC or AISSE Certificate/Driving License

Proof of Income-
Salaried individuals:
Salary slip of three months /Latest salary certificate,
IT returns of the past two years or Form 16
bank statement of the past six months.
Self-employed-
Bank account statements of the past 12 months
proof of existence of business and its profile
Income Tax returns of the previous two years along with Balance Sheet/ Profit & Loss account
IT returns of the past two years supported by tax calculation sheet

Property documents-
Agreement for Sale & construction,
Letter of Allotment,
Tripartite Agreement which has to be given before disbursal of loan, Certificate of possession,
Detailed cost of construction and Land tax receipt.
Education loanProof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card

Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill

Admission letter/Offer letter

Fee structure proof

Basic Qualification and mark-list
Fixed depositsA coloured photograph
Passport/ Driving License
Last six months bank account details

Documents required from the trust, association/ clubs
Photographs of the member operating the account.
A Copy of the Trust Deed/ Bye- laws of the association.
A Copy of registration certificate.
A Copy of the resolution of trustee authorizing the member to operate and open the accounts
Business LoanProof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card

Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill

Bank statement of the last six months

Proof of continuation -ITR /Establishment / Trade license/Sales Tax certificate
Income Tax returns of the previous two years along with audited Balance Sheet and Profit & Loss account if applicable

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