Federal Bank Car Loan Details

www.federalbank.co.in

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