Federal Bank Hyderabad
Last Updated : June 1, 2018, 3:24 p.m.
About Federal Bank
There are very few banks which have developed a sense of trust amongst the customers. Federal bank belongs to this category. The bank has seen a tremendous journey from the times of independence struggle till the current demonetisation era. The main office is located in Aluva in the city of Kochi. It was previously known by the name Travancore Federal Bank and received the official name Federal bank in the year 1947. Since then it has turned out to be one of the most stable financial institutions in the country. The bank has its reach in most parts of the country with 1252 branches and 1516 ATMs always at their best to serve the people of the nation.
Over the journey of 86 years, Federal bank has left a reverberating impact on the banking industry. It was one of the first traditional banks to make all the branches automated and the first one to introduce electronic telephone bill payment in India. The bank has been a trendsetter when it comes to innovation. It introduced FedBook which is the first of its kind. It is mobile based passbook which eliminates the need to visit your home branch to update your passbook. Hyderabad is one of the fastest growing cities in India and has seen tremendous growth in the IT sector. Federal bank is working day in and day out to serve the financial needs of the people of the city.
Address of Federal Bank branches in Hyderabad
Branch Name | Address | IFSC | MICR | Customer Care |
---|---|---|---|---|
Hyderabad | P B No. 230, Orient Estate, Abids Road, Hyderabad, 500001 , Andhra Pradesh | FDRL0001124 | 500049002 | 040-23205381 |
Hyderabad Lakdi Ka Pul | 6 - 2 - 953 /Krishna Plaza, Raj Bhavan Road, Khairatabad, Lakdi Ka Pul, Hyderabad, 500004 , Andhra Pradesh | FDRL0001332 | 500049003 | 040-23322755 |
Punjagutta | 6 - 3 - 456/C1 & C2, Ground Floor, Mgr Estates, Dwarakapuri Colony, Punjagutta, Hyderabad, 500082 , Andhra Pradesh | FDRL0001473 | 500049005 | 040-23357575 |
Madhapur | 80/81 Arunodhaya Colony Madhapur P O Hyderabad 500081 | FDRL0001555 | 500049006 | 040 23115250 23115260 |
Hyderabad / Service Branch | No 301 Iii Floor Dega Towers Rajbhavan Road Somajiguda, Begumpet Hyderabad 500082 | FDRL0000516 | 500049001 | 040 23303305 23303306 |
Malakpet | Ground Floor, D.No. 16-11-20/6/6/1/1, Opp. Tv Tower, Gafoor Bagh, Saleem Nagar Colony, Malakpet, Hyderabad - 500036, Andhra Pradesh | FDRL0001826 | 500049014 | 040 24540022; 040 24540000 |
Hyderabad Banjara Hills | Prasanthi, Road No.92Banjara Hills , Hyderabad, Andhra Pradesh 500034 | FDRL0001843 | Non-MICR | 1800-425-1199 |
Vanasthalipuram | Hills Colony, Prasanthi Nagar, Vanasthalipuram, Hyderabad , Andhra Pradesh | FDRL0001943 | Non-MICR | 1800-425-1199 |
Products offered by Federal bank
We human beings have many wishes of building our dream home, buying a car of our choice, going on an extended holiday to Dubai. But many times we are forced to apply a brake on our dreams. But why apply a brake when Federal bank is offering you a financial support through different loan products like personal loan, fixed deposits, business loan, home loan, car loan etc. The bank offers loan to suitable applicants who can fulfill the required eligibility norms and submit the needed documents. To check the eligibility norms and documents refer to the tables below-
Basic details of Federal bank loans in Hyderabad
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 | Not applicable here 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% pf the loan amount . It can be a minimum of Rs. 500. | New vehicle- 5 years For Salaried individual- 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 |