Federal Bank Gurugram

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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 NameAddressIFSCMICRCustomer Care
Gurugram483/16, Chandan Palace, Jail Road, Civil Lines, Gurugram, 122001 , HaryanaFDRL00013551100490070124-2331681
Gurugram DlfB - 247, Upper Ground Floor, Super Mart Commercial Complex - 1, Dlf, Qutub Enclave , Phase - Iv, , 122002 , HaryanaFDRL00015281100490170124-2578791
TikliGround Floor, Khasra No 463, Teekli Po , Gurugram HaryanaFDRL0002233Non-MICR2331681
PalraSector 70 A, Post Palra, Gurugram, Haryana, 122103FDRL0002236Non-MICR2014349
NoorpurVillage And Post Noorpur, Dis Gurugram, Haryana, 122001FDRL0002253Non-MICR2014234
Mohammadpur JharsaNarsinghpur Post, Old Khandsa Road, Mohammadpur , Gurugram , HaryanaFDRL0002255Non-MICR2372045
KairGround Floor, Village And PO Kair, Gurugram, New Delhi , South West Delhi District, New Delhi 110043FDRL0002275Non-MICR65419113

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

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 Lakhs8.95% - 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% - 6.70%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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