Federal Bank Loans

Federal Bank, one of the leading traditional private sector banks in India, was founded in the year 1931. Over seven decades, it has earned the reputation of being an extremely customer friendly bank.

The main office of Federal Bank is in the state of Kerala. It is the first bank in India, to possess inter connected branches. To reach out to more number of people, the bank has opened a network of branches at various parts of the country.

Federal Bank offers various products and services that are customer friendly and modern technology assisted. Some of the Federal Bank Loans, which are offered to the customers, are the following:

  • Housing Loans
  • Personal Car Loan
  • Personal Loan
  • Agri mobile Loan
  • Kissan Credit cards
  • Demat Loan
  • Federal Vidya Loan
  • Loan against Rent receivable
  • Instant Relief Loan
  • Mortgage Loans
  • Consumer Loan
  • Federal Bonvoyage Loan
  • Home Overdraft Scheme
  • Vanijya Loan
  • Gold Loans
  • Warehouse Loan
  • Equity Subscription or IPO Finance
  • Jeevan Suraksha Loan for Medical Practitioners
  • Subha Yatra Loan Fair Practices Code
  • Federal Easy Cash
  • Federal Special Vidya Loan
  • House Plot Purchase
Federal Bank Personal Car Loans

The car loans by the Federal Bank are given for the purchase of both new and used vehicles for personal use. The loans are offered to individuals, educational institutions, trusts and others. Financial assistance accounting for around 90% of the vehicle's price is given as the loan amount. The upper loan ceiling is ` 50 lacs for the individual borrowers.

Federal Bank Home Loans

The Federal Bank Loans for homes are offered to the customers for the purchase or construction of houses or flats. The loan is also provided for the purchase of land with the house on it. Residents of India, who are below 55 years of age, can apply for the housing loans from this bank. Proof of income needs to be provided to the bank. A maximum of ` 3 crores is given as financial assistance for home loans.

For the residents of India, the loan is given for the period of up to 20 years and for the non residents, the period is up to 15 years.

Federal Bank Education Loans

The educational loan scheme by the Federal Bank is also known by the name of Federal Vidya Loan. It is offered to the students who want to pursue higher studies in India or abroad. Students of Indian nationality, both residents and non-residents are only eligible for getting this loan. Financial assistance, up to a maximum of ` 25 lacs is offered to the loan seekers, under this scheme.

Federal Bank Personal Loans

Federal Bank offers personal loans for all personal purposes. Individual residents and non residents are eligible for getting this financial assistance. A maximum of ` 2 lacs is offered to the customers as loan amount, under this scheme. It is given for a period of up to 60 months.

List of Bank Branches in India