Calculate your Federal Bank car loan EMI instantly. Current rate starts from 8.80 - 12.50% p.a. with tenure up to 7 years.
| Year | Principal | Interest | Balance |
|---|
Federal Bank offers car loan starting from 8.80 - 12.50% per annum with a maximum tenure of 7 years. The processing fee is 0.50% + GST. Prepayment policy: Nil after 6 months.
Tenure: 5 years
| Loan Amount | Monthly EMI | Total Interest | Total Payment |
|---|---|---|---|
| ₹3 Lakh | ₹6,198 | ₹71,880 | ₹3,71,880 |
| ₹4 Lakh | ₹8,265 | ₹95,900 | ₹4,95,900 |
| ₹5 Lakh | ₹10,331 | ₹1,19,860 | ₹6,19,860 |
| ₹6 Lakh | ₹12,397 | ₹1,43,820 | ₹7,43,820 |
| ₹7 Lakh | ₹14,463 | ₹1,67,780 | ₹8,67,780 |
| ₹8 Lakh | ₹16,529 | ₹1,91,740 | ₹9,91,740 |
| ₹9 Lakh | ₹18,595 | ₹2,15,700 | ₹11,15,700 |
| ₹10 Lakh | ₹20,661 | ₹2,39,660 | ₹12,39,660 |
| ₹12 Lakh | ₹24,794 | ₹2,87,640 | ₹14,87,640 |
| ₹15 Lakh | ₹30,992 | ₹3,59,520 | ₹18,59,520 |
| ₹20 Lakh | ₹41,323 | ₹4,79,380 | ₹24,79,380 |
Federal Bank offers Car Loan at interest rates starting from 8.80 - 12.50% per annum in 2026. The actual rate depends on your credit score, income, loan amount, and relationship with the bank.
The EMI for a ₹8 Lakh Car Loan from Federal Bank at 8.8% for 5 years is approximately ₹16,529 per month. Use the calculator above to check EMI for different amounts.
Federal Bank offers Car Loan up to ₹75 Lakh with a maximum tenure of 7 years, subject to eligibility criteria and income assessment.
The processing fee for Federal Bank Car Loan is 0.50% + GST. Prepayment charges: Nil after 6 months.
You can apply for Federal Bank Car Loan online through their official website or by visiting the nearest branch. You will need documents such as identity proof, address proof, income proof, and bank statements. Use the EMI calculator above to plan your loan before applying.