MathMyLoan Free call back
Home loan starting ratesBank of Maharashtra 7.25%Indian Bank 7.35%Canara Bank 7.40%PNB 7.45%Central Bank 7.45%SBI 7.50%Federal Bank 7.50%Kotak 7.60%IDFC FIRST 7.75%Axis Bank 8.00%ICICI Bank 8.50%HDFC Bank 8.50%

Home › Car Loan › Federal Bank

Federal Bank Car Loan Interest Rate November 2026

Updated 2 November 2026Rates from official bank websitesHow we check rates

Federal Bank advertises car loan rates starting from 7.85% per annum. For ₹8 lakh over 5 years that is an EMI of about ₹16,164 a month.

Starting rate7.85%per annum
EMI per month₹16,164₹8 lakh, 5 years
Total interest₹1,69,825over the full term
Max tenuren/aas stated by the bank

Federal Bank car loan rates and charges

Starting interest rate7.85% per annum
Applies toNew car, fixed rate 7.85% to 9.00%
Processing feeNot stated on the page we checked
PrepaymentNot stated on the page we checked
Maximum tenureNot stated on the page we checked

Source: Federal Bank official page, checked 2 November 2026.

These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.

Federal Bank car loan EMI calculator

Prepayment options (optional): pay extra to finish sooner

Apply or get a call back for a Federal Bank car loan

Share your details and a partner lender or loan advisor may call you. No fee from us.

Shared only with partner lenders or loan advisors, and only with your consent.

₹5 lakh for 3 years₹5 lakh for 5 years₹5 lakh for 7 years₹8 lakh for 3 years₹8 lakh for 5 years₹8 lakh for 7 years₹10 lakh for 3 years₹10 lakh for 5 years₹10 lakh for 7 years₹15 lakh for 3 years₹15 lakh for 5 years₹15 lakh for 7 years

Compare Federal Bank with other banks

Federal Bank vs Bank of MaharashtraFederal Bank vs Indian BankFederal Bank vs Canara BankFederal Bank vs Bank of BarodaFederal Bank vs Union BankFederal Bank vs PNBFederal Bank vs Central BankFederal Bank vs ICICI BankFederal Bank vs HDFC BankFederal Bank vs SBIFederal Bank vs Axis Bank

Frequently asked questions

What is the Federal Bank car loan interest rate?

Federal Bank's website advertises car loan rates starting from 7.85% per annum (checked 2026-11-02). The rate you get depends on your credit score, income and loan amount.

What is the EMI on a ₹8 lakh car loan from Federal Bank?

At the starting rate of 7.85% over 5 years the EMI is about ₹16,164 a month, with total interest of about ₹1,69,825. A higher personal rate would raise this.

What is the processing fee for a Federal Bank car loan?

The Federal Bank page we checked did not state a processing fee. Please confirm it with the bank's fee schedule before applying.

Does Federal Bank charge prepayment charges on a car loan?

The page we checked did not state prepayment terms. Please confirm with the bank.

EligibilityFree call back