TATA CAPITAL
Check Eligibility, Get Instant Approval in 2 minutes and Disbursal in 3 Hrs*
10.99% - 29.00%
Upto 3.00%
Upto Rs.35L
Upto 6 Years
Apply Online for Federal Bank Personal Loan
Apply online for an Federal Bank and experience quick, hassle-free approval with minimal documentation. Federal Bank is designed to meet your financial needs, whether for home renovation, medical expenses, travel, or debt consolidation.
- Interest Rate 11.49% onwards
- Maximum Loan ₹ 50 lacs
- Processing Fees 2.50%
- Maximum Loan Tenure 1 to 5 years
1+ Million
Happy Customers
Rs. 250+ crore
Monthly Personal Loans Disbursal
Wide Range of 60+
Partner Banks & NBFCs
Support team 700+
Team Size of Experts
Eligibility Criteria for Federal Bank Personal Loan
Unsecured loans are available from the Federal Bank to salaried people at reasonable rates. To be eligible for Federal Bank instant loan, a person must be employed by a public sector enterprise (state or federal government) or a private limited company and these are the Federal Bank personal loan eligibility :
Throughout the loan application, 21 years old
When the loan matures, there will be no more than 60 years.
Experience having worked for the current workplace for at least three years
25,000 Indian rupees minimum monthly income
More than 750 on the CIBIL
Indian nationality, domicile
Documents Required for Federal Bank Personal Loan
The second item you should focus on is the paperwork which is need for Federal Bank Loan apply:
A passport, voter ID card, driver's licence, or PAN card is acceptable as identification.
Address verification (passport, lease agreement, ration card, and phone bill)
PAN card copy
The applicant's most recent passport-size photo in two copies.
Most recent pay stubs or a wage certificate, respectively
Two years' worth of Form 16 income tax returns
Statement of salary for the most recent six months
Completed and signed loan application
Fees and Charges of Syndicate Bank Personal Loan
| Joining Fee | Primary cardholder - Nil Add-on cardholder - Nil |
| Annual Membership Fee | Primary cardholder - Nil Add-on cardholder - Nil |
| Re-issuance of Card Fee | Plastic card - Nil 2nd card onwards - ₹145 Metal card - ₹3,000 |
| Fee for Card Cancellation | Card cancelled within 6 months of activation - ₹3,000 |
| Cash Advance Fee | ATM withdrawal fee – 2.5% of the amount withdrawn, subject to a minimum of ₹500 |
| Service Charges for Transactions | Rewards redemption fee - Nil Forex markup fee - 1% Over limit fee - 2.5% of the overlimit amount |
| Interest | Interest-free period - 48 days Interest rate - 2.5% p.m. to 3.5% p.m. or 30% p.a. to 42% p.a. Minimum amount due – 5% of the total amount due, subject to a minimum of ₹100 |
| Charges in Case of Default | Late payment fee - 2.5% of the total amount due, subject to a minimum of ₹1,000 |
Personal loans from Federal Bank can be used for various purposes such as education, weddings, home renovations, and more. With flexible repayment options, competitive interest rates, and fast loan processing, Federal Bank allows customers to meet their financial needs with ease. Applicants can apply for loans both online and offline, and the bank offers tailored solutions for customers with excellent credit scores. Salaried individuals with a minimum income of ₹25,000 per month are eligible for a FedPremia personal loan, which can be up to ₹ 25 lakh with a repayment term of up to 4 years.
Feature and Benefits of Federal Bank Personal Loan
Here are some of the many advantages of borrowing from Federal Bank through their online personal loan service:
- Loan amount: Borrowers can avail up to ₹ 25 lacs, which is sufficient for many needs.
- Payback period: You can repay your loan over a maximum period of 4 years.
- Reasonable interest rates: The interest rates range from 10.49% to 17.99% p.a., making it competitive and attractive.
- Quick application process: Loan applications are processed quickly.
- Less paperwork: With a digital platform for applying, the documentation process is minimal.
Frequently Asked Questions (FAQ)
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How do I use a different bank to make an online payment for my Federal Bank personal loan EMI?
Ans: Even if your net banking account is with a different bank, you can link it to your Federal Bank personal loan account and make payments.
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How do I receive updates regarding my Federal Bank personal loan on my mobile phone?
Ans: Ensure that Federal Bank has your correct mobile number on file to receive updates about your personal loan.
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How long does it take for Federal Bank to disburse personal loans?Ans: After approval, Federal Bank ensures quick disbursement of personal loans.
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Where can I access personal loans?
Ans: Federal Bank’s personal loans are accessible at all its branches.
1+ Million
Happy Customers
Rs. 250+ crore
Monthly Personal Loans Disbursal
Wide Range of 60+
Partner Banks & NBFCs
Support team 500+
Team Size of Experts
Federal Bank Personal Loan EMI Calculator
Amount
Tenure
% Interest
Principal
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