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Federal Bank Car Loan Details

admin

8 Jan, 2015

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

vehicleloan

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