Federal Bank Car Loans
Purpose
To purchase all personal vehicles - New & Used
Eligibility
Individuals, Trusts, Educational Institutions & Other organizations Residents & Non-Residents
Loan amount
- Up to 90% of vehicle price
- Maximum Loan Amount - Individuals - Rs.50 L Corporates - Rs.200 L
Period
- New Vehicles - Up to 84 months
- Used Vehicles - Up to 60 Months
Interest
| Tenure of Loan | New Vehicle | Used Vehicle |
|---|---|---|
| Upto 36 months | 8.50 | 10 |
| 37 to 48 months | 9 | 10.50 |
| 49 to 60 months | 9 | 12 |
| 61 to 84 months | 11 | NA |
Security
- The Vehicle proposed to be purchased.
- Doctors, Engineers, Professors, etc. need not offer any other security for loans up to Rs.3 Lacs
