Top Banks 2024
Federal Bank Gurugram
Last Updated : Jan. 30, 2017, 10:53 a.m.
About Federal Bank
Federal bank has created a place of its own in the hearts of the people. The bank which has seen a successful journey over the past 86 years is a major commercial bank in India, belonging to the private sector. It was established in 1931 and therefore has its roots from the pre-independence period. Its main headquarter is located in Aluva, Kochi in the beautiful state of Kerala. It was shifted to Kochi in 1945. The bank has amplified its presence all over the country in all the states. It has around 1516 ATMs and 1252 branches which are always at service, to meet the financial needs to the people. Federal bank is very clear with the mission of being a customer-centric financial institution. It aims to provide all its customer the highest possible standard of service.
Federal bank has touched various landmarks over the past few years. From being the first traditional bank to provide internet banking feature to introducing FedBook- a passbook which is mobile based, the bank has been a trendsetter. It has left a huge impression in the banking industry. It has even received several accolades for its outstanding practice. Gurugram is a very important city in the NCR belt with one of the highest GDP in the country. Federal bank is continuously working hard to meet all the needs of the people of Gurugram and it has truly excelled in the same.
Address of Federal Bank branches in Gurugram
| Branch Name | Address | IFSC | MICR | Customer Care |
|---|---|---|---|---|
| Gurugram | 483/16, Chandan Palace, Jail Road, Civil Lines, Gurugram, 122001 , Haryana | FDRL0001355 | 110049007 | 0124-2331681 |
| Gurugram Dlf | B - 247, Upper Ground Floor, Super Mart Commercial Complex - 1, Dlf, Qutub Enclave , Phase - Iv, , 122002 , Haryana | FDRL0001528 | 110049017 | 0124-2578791 |
| Tikli | Ground Floor, Khasra No 463, Teekli Po , Gurugram Haryana | FDRL0002233 | Non-MICR | 2331681 |
| Palra | Sector 70 A, Post Palra, Gurugram, Haryana, 122103 | FDRL0002236 | Non-MICR | 2014349 |
| Noorpur | Village And Post Noorpur, Dis Gurugram, Haryana, 122001 | FDRL0002253 | Non-MICR | 2014234 |
| Mohammadpur Jharsa | Narsinghpur Post, Old Khandsa Road, Mohammadpur , Gurugram , Haryana | FDRL0002255 | Non-MICR | 2372045 |
| Kair | Ground Floor, Village And PO Kair, Gurugram, New Delhi , South West Delhi District, New Delhi 110043 | FDRL0002275 | Non-MICR | 65419113 |
Products offered by Federal bank
Federal bank has kept a lot of financial products and services for the customers under its belt. Whether it is a car loan or a personal loan, a home loan, an education loan, the bank is always ready with a solution for our problems. In order to avail successfully avail a loan from the bank, you need to meet the eligibility norms and complete the documentation work. Check the tables for more information.
Basic details of Federal bank loans in Gurugram
| Product | Eligibility | Loan amount | Interest rate | Processing fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | You 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 Lakhs | 10.15% - 10.30% | Up to 30 years | |
| Personal loan | The 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 Lakhs | 10.49% - 17.99% | 48 months i.e. 4 years | |
| Car Loan | The 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 | 7.65% Onwards | 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 deposits | People 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 | 2.50% - 6.00% | NIL | Minimum- 7 days Maximum- 10 years |
| Gold Loan | Any individual who owns gold coins or ornaments is eligible to apply for a gold loan | Up to Rs. 75 lakhs | 12.50-13.50% | 12 months | |
| Education Loan | The 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 Lakhs | 10.15-14.75% | No processing fee | 10 years |
| Property Loan | Individuals (Residents, Non-residents, PIOs) can apply | Up to Rs 5 crore | 11.65-14.9% | 1% of the sanctioned amount | Up to 15 years |
| Business Loan | Firms, individuals or any company can apply | For professionals- up to Rs 2 crore | 11.50% | Up to 120 months i.e 10 years |
Documents required
| Product | Documents |
|---|---|
| Home loan | Two 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 Loan | Completely 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 loan | Two 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 loan | In 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 property | Two 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 loan | 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 Admission letter/Offer letter Fee structure proof Basic Qualification and mark-list |
| Fixed deposits | A 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 Loan | 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 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 |