We know, This Car Loan is how important for you. Getting a Car Loan from Federal Bank is a challenging process. If you apply for your Car Loan via Maxiloan and follow our loan expert instructions, you can get your Car Loan sanctioned from Federal Bank easier than you think and faster than you like.
Federal Bank Car Loan
"Thanks Maxiloan. Without your support, it’s very tough for me."
If You Give us 5 Days, We Will Arange Your Federal Bank Car Loan Upto 10Cr.
- Upto 50LLoan Amount
- 7Repay Years
- 9.40Intrest Rate %
- 2.0%Service Charges %
Low % interest
Free insurance
"0" Prepayment Charges
No-income document
Fast process
Federal Bank Car Loan
Want to buy a new/old car? The Axis Bank Car loan will help you buy a new car fast with an affordable interest rate. You can get the instant loan approval of 100% on-road price. With the help of MaxiLoan, you can buy your home loan without much more effort. Our experts will help you get your home loan in easy and fast.
Federal Bank Car Loan Interest Rate
Federal Bank offers Car Loan at various interest rates starting from 9.40 %. Interest rate is not fixed for everyone. The rate of interest will vary based on your business profile, fast track record, loan amount, and tenure.
Documents Required
- Two passport-size photos
- Identity Proof: Passport / Voters ID / Driving License/ PAN Card / Aadhaar Card
- Address Proof: Passport / Voters ID / Driving License / Aadhaar Card
- Age Proof: Passport / Birth Certificate / Driving License / SSLC or AISSE Certificate
- Additional documents for NRI Customers - Certified copy of Passport, Visa, Work Permit, ID card
- Resident Salaried
- Three months Salary Slip
- Copies of IT returns (2 years) or Form No.16 (2 years)
- Latest six month's Bank Account statement
- Resident Self Employed
- Proof of Business existence & Business Profile
- Last 12 months bank a/c statements
- IT returns for 2 years supported by Balance Sheet, P&L Account for the past two years.
- Expected income of the applicant
- Minimum take-home salary Rs.20000
- A spouse's income can be clubbed
- Agricultural Income/Rental can be clubbed with regular income(minimum monthly income to be at least Rs.40,000, including agriculture income/rental income)
- Period of the loan<
- New Vehicles (other than two-wheelers) - 60 months
- New Vehicles (for Salaried) - 84 months
- Used Vehicles - 60 months
- New two-wheelers - 48 months
- Conditions for used vehicles
- Depreciation using Straight Line Method @ 15% for the first year and @ 10% for subsequent years
- Part of the year shall be counted as one year
- Age of vehicle not more than three years
- In the case of used vehicles 75 % on lower of depreciated /market/purchase value only eligible.
Federal Bank Car Loan Apply Online
You can apply for a Federal Bank Car Loan via Maxiloan. We will help you get an instant business loan from Federal Bank. Our Loan master's will help you get your Car Loan from start to end smoothly.
New Car Loan
Purpose: Buy a new car and fulfill your new car dream
Loan Amount: Rs.1 Lakh onward
Applicable car loan: Up to 100% on-road funding
Maximum Tenure: Up to 7 years
Used Car loan
Purpose: Buy an old car and fulfill your car dream
Loan Amount: Rs.1 Lakh onward
Applicable car loan: Up to 95% of the car valuation amount for sale-purchase of used car loan Up to 85% of the valuation amount for refinance loan
Maximum Tenure: Up to 5 years
Parallel Car Loan (Loan against Car)
Loan Amount: Rs.1 Lakh onwards
Applicable car loan: Pre-approved parallel loan offers for existing Axis Bank customers
Maximum Tenure: Up to 4 years
Balance Transfer and Top Up Car Loan
Loan Amount: Minimum Rs.1,00,000
Applicable car loan: Up to 150%* of the original loan amount as a top-up
Maximum Tenure: Up to 5 years
Car-loan Interest Rate - Leading Banks
- Bank
- Loan
- Years
- Intrest %
- Action
Axis Bank- Loan3L - 5Cr
- Year1 - 7
- Intrest %8.00%
- More Info
HDFC Bank- LoanUpto 10Cr
- Year1 - 7
- Intrest %11.00%
- More Info
ICICI Bank- Loan3L - 5Cr
- Year1 - 5
- Intrest %8.00%
- More Info
Kotak Bank- LoanUpto 50L
- Year7
- Intrest %9.40%
- More Info
Shinhan Bank- Loan1L - 3Cr
- Year1 - 7
- Intrest %8.50%
- More Info