If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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We found 1 Federal Bank Car Loan Diwali Bonus Wali November 2018
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Interest Rate Range
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9.75% Fixed
1,500 to ₹2,500 One time fee
-
1-5 Years
Response Time : Within 30 minutes
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Federal Bank Car Loan Diwali Bonus Wali November 2018 is Rated as "Great!" by 49 Users

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Federal Bank Car Loan Diwali Bonus Wali November 2018

If owning a car has been your dream since long, but you kept on postponing it due to the huge amount of investment it demands, you can shed off your worries this Diwali in November 2018 and bring home happiness. When your dream luxury car opens door for you, finance shouldn’t be a hindrance in the way of taking a smooth ride in it. So, forget all financial worries and welcome happiness in the form of a brand new car.

This Diwali you can turn your dream of travelling in a personal car into reality with Federal Bank Car Loan Diwali Bonus Wali November 2018. A buyer can avail up to 100% funding on the ex-showroom price of the specific vehicle that he or she wants to own. The bank charges a competitive interest rate ranging between 8.65% p.a. and 13.75% p.a which is helpful for the borrowers to make the EMI payments on time. Also, there are no processing fees and prepayment charges on the loan. The new ‘No income document’ scheme of the bank has made it easier for people of all income groups to avail quick loans to buy a car. NRIs are also eligible to avail car loan from the bank.

The discounts and deals offered by Federal Bank on car loans are tailor-made to meet the requirements of every enthusiastic car lover. Apply for a Federal Bank car loan on Bank Bazaar website this Diwali and reap the exclusive benefits offered by the bank. 


Key Features of Federal Bank Car Loan

You will get a plethora of options in the Federal Bank car loan section and can benefit from the attractive features that the bank offers. Here are the brownie points of availing a car loan from Federal Bank:

  • Borrowers can apply for minimum Rs.50 lakh up to maximum Rs.2.5 crore and can repay through easy EMI option.
  • The process of approval is very fast and the loan amount gets reimbursed in the applicant’s account within 1 month of the purchase date.
  • Individuals get flexible repayment options which starts from 1 year and stretches up to 7 years (84 months).
  • There is no processing fee for the loan and all other charges are kept minimal.
  • The bank allows pre-closure of the loan after a certain time period without any additional pre-closure charges.
  • No borrower or collateral is required for approval of the loan.
  • The floating rate of interest ranges between 8.65% p.a. and 13.75% p.a. based on the individual eligibility of the borrower.
  • Indian residents or NRIs who are above 18 years and within 60 years have the eligibility to apply for the loan.
  • A minimum income of Rs.20,000 excluding other EMIs is required to get the loan approval.This limit can be less for applicants from rural and semi-urban areas. However, in case of agricultural rental or income, the minimum required income becomes Rs.40,000.
  • The bank gives free personal accident insurance coverage up to Rs.10 lakh to the borrowers.
  • Applicants get quick approval of the loan with minimum documentation requirement. The processing time is also very fast.
  • Individuals can avail loan for the purchase of new as well as pre-owned cars. There are special offers for people who want to buy used cars.

Federal Bank Car Loan Diwali Offer November 2018

Federal Bank has come up with affordable and low-interest loans for buyers who want to purchase a new or a pre-owned car on the auspicious occasion of Diwali. If you apply for a loan now, you can get up to 100% of the total ex-showroom price of the car that you want to purchase without paying any processing fee on the loan.

Car Loan Reviews

  • Federal Bank Car Loan
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been holding my car loan with FEDERAL bank for long time, they have given me sufficient loan amount, and they have charged me nominal rate of interest in this loan and they have not charged any processing fee in this loan , overall experience was too good in this card.
    Was this review helpful? 0
    , noida
    Reviewed on Nov 20, 2018
  • Federal Bank Car Loan
    "Immediate"
    0.5 4.0/5 "Great!"
    I have a Car Loan with Federal Bank. They offered me a interest rate of 9% which am satisfied. The loan duration is 5 years and till now 3 to 4 months completed. I have purchased a New car. The process was immediate and the disbursement was happened within 3 days.
    Was this review helpful? 2
    , bangalore
    Reviewed on Nov 19, 2018
  • Federal Bank Car Loan
    "Best Service"
    0.5 5.0/5 "Blown Away!"
    My experience was good with Federal Bank for car loan, the process was smooth and i received my loan amount on time. Customer service was good with this bank and they collected documents on time. The tenure period for this loan is 7 years
    Was this review helpful? 2
    , kochi
    Reviewed on Oct 15, 2018
  • Federal Bank Car Loan
    "Good service"
    0.5 5.0/5 "Blown Away!"
    I got the car loan within a week time from the FEDERAL BANK. The customer support service is good with the FEDERAL BANK and they were prompt in their response part. The rate of interest and the charges are average with the FEDERAL BANK car loan services.
    Was this review helpful? 2
    , bangalore
    Reviewed on Feb 08, 2018
  • Federal Bank Car Loan
    "Swift "
    0.5 5.0/5 "Blown Away!"
    Federal bank car loan is very swift in processing the request. I had some issues they executed the request after analyzing my needs. Though i am not a customer of Federal bank they have considered my profile and details they have processed the loan with ease. Because of the above mentioned reasons i prefer using Federal bank services
    Was this review helpful? 0
    , coimbatore
    Reviewed on Sep 30, 2017
  • Federal Bank Car Loan
    "Federal bank car loan"
    0.5 5.0/5 "Blown Away!"
    My experience with Federal bank is far beyond words, as they have accepted my proposal with one hour and the funds were disbursed in 2 days, they took 2 days because there was some delay with the deliver of car because of waiting period it took 2 day s otherwise they were ready to do it instantly. No prepayment nor processing fee. I can even repay the amount the very next day of receiving the loan amount. I hardly pay only 1000 as the documentation charge which is too meager. I had changed the car model initially it was MARUTI SUZUKI BALENO later I changed it.
    Was this review helpful? 1
    , pune
    Reviewed on Sep 27, 2017
  • Federal Bank Car Loan
    "Timely Service"
    0.5 5.0/5 "Blown Away!"
    The interest rate with Federal bank for the car loan is around 8.9%. They had already approved my car loan application. And they are providing timely service. It is in process. They are calling me and updating the status of the loan properly.
    Was this review helpful? 0
    , pune
    Reviewed on Aug 23, 2017
  • Federal Bank Car Loan
    "Good Process"
    0.5 5.0/5 "Blown Away!"
    Interest rate is around 8.5% for the car loan from Federal Bank. Actually the car showroom suggested the federal bank for my loan process and the entire process was taken care by the showroom people. The loan process went smooth and I got the loan on time without any hassles.
    Was this review helpful? 0
    , chennai
    Reviewed on Jul 01, 2017
  • Federal Bank Car Loan
    "Very Good"
    0.5 5.0/5 "Blown Away!"
    Federal bank have provided the car loan with the rate of interest as 7% , also they have provided funds up to 95% of the cost of car. Response was really good one like the loan amount got disbursed within three days of time. Documentation procedures were really nominal one with them.
    Was this review helpful? 1
    , ahmednagar
    Reviewed on May 23, 2017
  • Federal Bank Car Loan
    "Good Service"
    0.5 4.5/5 "Excellent!"
    From Federal Bank, I got the better interest rate for my car loan. The interest rate is 8.64%. Also, it was easy to avail a loan from them, the process went without any hassles. They were very responsive on my loan application and they provided all the information on my loan.
    Was this review helpful? 0
    , chennai
    Reviewed on Mar 27, 2017
  • Federal Bank Car Loan
    "Excellent and prompt service"
    0.5 5.0/5 "Blown Away!"
    Federal bank had coordinate well they gave very prompt and genuine service. They processed the application very shortly disbursed the amount on time.I am happy about the Rate of interest was normal of 9.75% it was normal. I totally had very good service from Federal.
    Was this review helpful? 1
    , mumbai
    Reviewed on Nov 15, 2016
  • Federal Bank Car Loan
    "Best "
    0.5 3.5/5 "Pretty good"
    Bank Bazaar is Best For Loan, Details, Contact, Everything is up to date I wish You To help Me With The Car Loan For the New suzuki Swift Desire Car first time I am applying For the loan Fir The Procees Am Hoping For A Positive Response ThankYou Bank Bazaar.
    Was this review helpful? 2
    , mumbai
    Reviewed on Jul 15, 2016
  • Federal Bank Car Loan
    "Quick processing "
    0.5 5.0/5 "Blown Away!"
    I bought a Mahindra Xylo and the finance was for Rs.4.75 Lakhs for a tenure of 4 years, around 3 years back. I had availed a car loan from Federal bank on the basis of a current account with them. The rate of interest offered at the time was 12-12.5% and the processing fee was approximately 2-3k and they took about 10 days to process the application. This includes documentation, verification and disbursal. The rest I chose to pay as down payment.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 21, 2016
  • Federal Bank Car Loan
    "Recommendable "
    0.5 4.0/5 "Great!"
    When i took the car loan with federal bank before two years the service was not up to the mark but now they are very good . They took one month to disburse the amount but the interest rate is very less compared do the other bank and payment option are flexible. The paper required are little complicated.
    Was this review helpful? 1
    , bangalore
    Reviewed on Feb 11, 2016
  • Federal Bank Car Loan
    "Best service "
    0.5 5.0/5 "Blown Away!"
    I was not requiring for a loan since I have bought a used car.The service provided federal bank was really good.They have responded very quick for the application being submitted.The interest rate applied in the loan was a best rate.I would like to recommend about this service to others.
    Was this review helpful? 1
    , mumbai
    Reviewed on Nov 04, 2015
  • Federal Bank Car Loan
    "Good service "
    0.5 5.0/5 "Blown Away!"
    I am satisfied with the service provided by Federal Bank based on the car loan application.I have postponed the plan of getting this loan.They have applied 7% as the precessing fee for this loan.I would definitely recommend about Federal Bank to others.
    Was this review helpful? 1
    , mumbai
    Reviewed on Nov 04, 2015
  • Federal Bank Car Loan
    "Good response "
    0.5 5.0/5 "Blown Away!"
    It was a very good experience with Federal Bank based on the car loan application submitted.They have responded very immediately regarding the application being submitted.The response provided was good and they are providing clear information about the service.
    Was this review helpful? 0
    , kochi
    Reviewed on Nov 04, 2015
  • Federal Bank Car Loan
    "Very good.."
    0.5 5.0/5 "Blown Away!"
    Federal bank is my bank as I am an employee. Once I file the car loan application within a day the loan got sanctioned. They are giving 10.30% in floating and that is for public. Though I am an employee I got it as in public rate. Soon I get reduce in the rate.
    Was this review helpful? 0
    , new delhi
    Reviewed on Oct 31, 2015
  • Federal Bank Car Loan
    "Response can be provided on time!"
    0.5 2.5/5 "Just OK"
    Processing time was pretty late with Federal Bank car loan application. It took around a week for them to respond to my application. I would suggest them to improve their customer service and the response can be provided on time, so that they will not miss the applicants.
    Was this review helpful? 1
    , kochi
    Reviewed on Sep 22, 2015
  • Federal Bank Car Loan
    "Proper reason can be disclosed !"
    0.5 2.0/5 "Expected more"
    Follow up is properly done by the Federal people, when I applied for a car loan with them. Even though my application got closed with them, there is no reason disclosed for that. It would be better if they disclose the proper reason of closure to the applicants.
    Was this review helpful? 1
    , calicut
    Reviewed on Sep 22, 2015
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