"Thanks Maxiloan. Without your support, it’s very tough for me." If You Give us 3 Days, We Will Arange Your Federal Bank Car Loan

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.

  • 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

Your Nearest Federal bank Car Loan Branches

IFSC Code Address City
FDRL0001663 Ground Floor Supreme Square Near Shiv Sagar Hotel Dp Road Parihar Chowk Aundh Pin 411007 Pune
FDRL0001682 Aiswarya Towers C S T Road Santacruz East Maharastra Pin 400098 Mumbai
FDRL0001757 Shop No. F-21 1st Floor Ripplez Mall Plot Sector-7 Airoli Navi Mumbai Pin 400708 Mumbai
FDRL0001758 Ground Floor Centurion Shopping & Office Complex Plot No.88to91 Sector 19a Nerul(e) Pin 400706 Mumbai
FDRL0001767 Ground Floor Hari Vithal Plaza Survey No 14-1a Shivane Po Haveli Taluk Pin 411027 Pune
FDRL0001769 No.19 15th Cross 15th Main Sector Iv Hsr Layout Bangalore Pin 560102 Bangalore
FDRL0001775 Shop No: 7 & 8 Sun Magnetica Service Road Nr Lic Building Thane (w) Pin 400604 Mumbai
FDRL0001781 Sudhama No.299 100 Feet Ring Road 4th Phase 7th Block Banashankari 3rd Stag Bangalore Pin 560050 Bangalore
FDRL0001785 Deshmukh Estates Opp. Infocity Pune Saswad Road Phursungi Pin 412308 Pune
FDRL0001786 Chakan Hrishikesh Chambers Shivaji Chowk Chakan Talegaon Road Chakan Pin 410501 Pune
FDRL0001787 5-72 Pranava Lingam Enclave Bhavani Main Road Pin 638301 Erode
FDRL0001813 Door No 11-5-29b P.b Complex Angamuthu Gounde Nagar Mettur Main Road Mecheri Pin 636451 Salem
FDRL0001816 No.2-1-58a Omalur Main Road Konganapuram Pin 637102 Salem
FDRL0001827 U.d.n.altiusno.1315th Cross 100 Ft. Ring Road J.p.nagar 6th Phase Bangalore Pin 560078 Bangalore
FDRL0001875 No. 258-2 Bypass Erode Main Road Kodumudi Pin 638151 Erode
FDRL0001907 Golden Complex No 126 Sivagangai Road Melur Madurai Pin 625106 Madurai
FDRL0001933 No.39srp Koil Street North Street Tvk Nagar Perambur West Chennai, Pin 600110 Chennai
FDRL0001979 Shop Nos. 4 & 5 Round Flr Poonam Residenc Holy Cross Road Extn I.c Colony# Borivili West Pin 410501 Mumbai
FDRL0002094 D.no. 1-241 East Street Thuvariman Pin 625016 Madurai
FDRL0002095 Sy.no.26-12 Plot No.10 Sivadapuram Route Near Chemmanthittu Bus Stop Tirumalaigiri Pin 636307 Salem

Car-loan Interest Rate - Leading Banks

  • Bank
  • Loan
  • Years
  • Intrest %
  • Action
  • Axis BankAxis Bank
  • Loan3L - 5Cr
  • Year1 - 7
  • Intrest %8.00%
  • More Info
  • HDFC BankHDFC Bank
  • LoanUpto 10Cr
  • Year1 - 7
  • Intrest %11.00%
  • More Info
  • ICICI BankICICI Bank
  • Loan3L - 5Cr
  • Year1 - 5
  • Intrest %8.00%
  • More Info
  • Kotak BankKotak Bank
  • LoanUpto 50L
  • Year7
  • Intrest %9.40%
  • More Info
  • Shinhan BankShinhan Bank
  • Loan1L - 3Cr
  • Year1 - 7
  • Intrest %8.50%
  • More Info
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