Federal Bank Mumbai

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About Federal Bank

Thinking of availing a loan from a financial institution which is credible and gives you a smooth loan journey? I have the answer for you- Federal bank. The bank which was formed on April 28, 1931 has emerged as one of the most stable commercial banks in the private sector. The main head office is situated in Aluva in the enticing city of Kochi. The bank has a history which dates back to India’s pre-independence era. The bank has seen a significant growth under the leadership of K P Hormis, who founded the bank. In the early times, it was engaged in the business of auction chitty and other banking transactions which were related to industry and agriculture.  And today, the Federal bank stands as one of the largest traditional banks in the private sector in India. The bank has more than thousand operating branches and ATMs which help the customer on a day to day basis.

Federal bank has always considered innovation as a major tool, which can bring a change in the way things work in the banking sector. It is the first bank in the country which introduced the facility of RTGS in all its branches. The bank has been rewarded with several awards like ‘Most Socially Committed Organization’, ‘Best Corporate Brand’ and ‘Excellence in Banking Technology’. Mumbai is the financial and entertainment capital of India and so many people from all parts of the country come here for better employment facilities. Federal bank has been working hard to ensure that the financial problems of the Mumbaikars are solved. It is offering various loan products keeping in mind the needs of the people.

Address of Federal Bank Branches in Mumbai

BranchAddressIFSCMICRContact details
Mumbai / FortP B No. 251, 32, Bombay Samachar Marg, Fort, Mumbai, 400001 , MaharashtraFDRL0001099400049005022-22654455
Andheri P B No. 17387, 8, 9, 10, Laram Centre, S.V.Road, Andheri (West), Mumbai, 400058
Maharashtra
FDRL0001176400049002022-26288115
DadarP.B.No. 5529, Rajgir Court, , 6 Kohinoor Road, , Dadar (East), Mumbai, 400014 , MaharashtraFDRL0001199400049003022-24147384
Crawford Market92, Mimson House, L T Marg, Crawford Market, Mumbai, 400003 , MaharashtraFDRL0001285400049004022-23453202, 3203, 3315
Dombivli 101 - 105, Kasturi Plaza Complex, Manpada Road, Tilak Nagar, Dombivli (East), Mumbai, 421201 , MaharashtraFDRL00013584000490060251-2862177
VashiP B No. 172, No.51 Apsara Apartments, Sector 17, Vashi, Navi Mumbai, 400705 , MaharashtraFDRL0001369400049007022-27899656
Corporate BankingCorporate Banking Branch, 12/227, Nariman Bhavan, 1St Floor, Nariman Point, Mumbai, 400021 , MaharashtraFDRL0001385400049009022-22844532
BorivaliSunder Bungalow, S.V.Road, Opp.Pushpa Park, Fly Over, West Borivali, Mumbai, 400092 , MaharashtraFDRL0001391400049011022-28066633
Vile ParleWembley Ground Floor, Off Nehru Road, Near Adarsh Petrol Pump, Vile Parle East, 400057 , MaharashtraFDRL0001393400049008022-26154635
Bandra WestB - 989 Casa Adriana, 15, St. John Baptist Road, Bandra (West), Mumbai, 400050 , MaharashtraFDRL0001398400049012022-2641537
ChemburShop No.1, Ed - El, Plot No.208, , Central Avenue Road, Chembur, Mumbai, 400071 , MaharashtraFDRL0001399400049013022-25298105
Dadar WestPlot 350 Neminath Apt, Bhaindarkar Marg Dr Sk Bole Road Dadar West Mumbai
Maharashtra
FDRL0001505400049015022-24326642 022-24326641
Kandivali93 94 & 95 Venues Chs Ltd 17 Evershine Millennium Paradise Thakur Village, Kandivali East Mumbai - 400101 MaharashtraFDRL0001622400049024022 28874433 28463083
KalinaGround Floor Aiswarya Towers C S T Road Santacruz East Mumbai – 400098FDRL00016824000490271800-425-1199
Malad WestGround Floor, Link House, Chincholi Bunder, Malad West, Mumbai, Maharashtra - 400 064FDRL00018364000490351800-425-1199
Andheri EastGround Floor, Mariam Apartment, Opp Gurudwara, Sher E Punjab Society, Mahakali Caves Road, Maharashtra - 400093FDRL00018294000490349867954680

Products offered by Federal bank

Federal bank has designed a financial product for every need of the customer. Want to own your favorite car but don’t have enough money to buy it? Avail a car loan from the bank. Sponsor your child’s education with Federal bank education loan. Start your new business or expand an existing one with Federal bank business loan. Lay foundation stone to your dream with a home loan provided by the bank. Whatever may be the need, the solution will be provided by Federal bank. The below two tables will give you crystal clear idea about the details of the products and the documents needed to get a loan from the bank.

Basic details of Federal bank loans in Mumbai

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 Lakhs8.60% - 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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