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  • Federal Bank Car Loan Diwali Bonus Wali November 2018

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  • 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.

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