Federal Bank Personal Loan

With affordable interest rates and adjustable repayment terms, Federal Bank offers personal loans. There is little to no paperwork required in order to obtain a loan. Federal Bank with interest rates starting at 11.49% - 14.49%. A maximum loan of Rs 1lacs to 50 lacs with a maximum 1 to 5 year repayment period is available to you.

The personal loans offered by Federal Bankhave low interest rates and flexible payback schedules. A loan can be obtained with little to no paperwork. Interest rates on personal loans from Federal Bank start at 10.49%, making them a great option for any of your urgent financial requirements. You may be eligible for a loan with a maximum amount of Rs 20,000 to Rs 1 crore and a maximum payback term of 6 months to 5 years.

Interest Rate 11.49% - 14.49%
Maximum Loan Rs 1lacs to 50 lacs
Processing Fees 2.50%
Maximum Loan Tenure 1 to 5 year

Loan Disbursal in 3 hrs*
100% Online Process

A Four-Step Guide to Efficient Financing

Complete Your Basic Details
Check Your Soft Eligibilty
Complete Your Details
Get Disbursal in account

Federal Bank Personal Loan EMI Calculator



% Interest



Total Payable

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

Personal loans from the Federal Bank Loan can be used for a number of things, such as paying for college, financing a wedding, renovating a home, etc. Due to the Federal Bank's accommodating repayment terms, low interest rates, and quick loan processing, customers can meet their financial needs without any issues. Customers who satisfy the bank's eligibility requirements may also easily submit an application for a Federal Bank loan either online or offline. Additionally, for a limited number of customers with very good credit scores, the bank offers tailored solutions. One of the biggest private sector banks in India, Federal Bank, provides the FedPremia personal loan to salaried people earning at least Rs. 25,000 per month. You are eligible for a loan up to Rs. 25 lakh with a four-year term and interest rates beginning

Feature and Benefit of Federal Bank Personal Loan 

Following are some of the many advantages to borrowing from Federal Bank Online personal Loan :-

Loan amount: A maximum loan of Rs. 25 lakhs may be easily obtained by borrowers. For a number of needs, it is adequate.

Payback period: You can pay your EMIs on schedule if you stick to the maximum payback period of 4 years set by the federal bank.

Reasonable interest rate : They offer loans at affordable interest rates that are both appealing and competitive. 10.49% to 17.99% p.a. is a possible range for their interest rates.

Quick application process : Processing of loan applications will happen more quickly.

Less paperwork : Less paperwork is required because you can apply via a digital platform, so there is less paperwork to do.

Process of applying Federal Bank Personal Loan 

Only by giving the information requested below may one for Federal Bank Personal Loan apply online :

  • Indicate whether you are an employee or a self-employed person.

  • Identifier and email address.

  • You must choose the residential city from the available alternatives.

  • Information on the present employer.

  • Minimum loan amount required.

  • An email address and phone number

FinCrif Frequently Asked Questions ( FAQ ) 

  1. 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 not owned by Federal Bank, you can link it to your personal loan from that institution and make payments.

  1. How do I receive updates regarding my Federal Bank personal loan on my mobile phone?

ANS. Check to see if Federal Bank has your mobile number on file if you want to receive updates on your personal loan.

  1. How long does it take the Federal Bank to disburse personal loans?

ANS. Following application acceptance, Federal Bank assures prompt disbursement of personal loans.

Access to personal loans: The Federal Bank's personal loans are accessible at all of its branches.

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

Fees and Charges of Federal Bank Personal Loan 

Types of Charges


Joining fee

  • Joining Fee (Primary cardholder) - Nil

  • Joining fee (Add-on card holder) - Nil

Annual membership fee

  • Annual Fee (Primary cardholder) - Nil

  • Annual Fee (Add-on cardholder) - Nil

Re-issuance of card fee

  • Plastic card - Nil

  • 2nd card onwards - Rs.145

  • Metal card - Rs.3,000

Fee for cancellation of your card

If the card is canceled within 6 months of the activation of the virtual credit card – Rs.3,000

Cash advance fee

ATM withdrawal fee – 2.5% of the amount withdrawn subject to a minimum of Rs.500

Service charges for transactions

  • Rewards redemption fee - Nil

  • Forex markup fee - 1%

  • Over limit fee - 2.5% of the overlimit amount


  • Interest free period - 48 days

  • Interest rate charged - 2.5% p.m. - 3.5% p.m. or 30% p.a. - 42% p.a.

  • Minimum amount due – 5% of the total amount due subject to a minimum of Rs.100

Charges in case of default

Late payment fee - 2.5% of the total amount due subject to a minimum of Rs.1,000

Federal Bank Loans

Federal Bank Personal Loan

These loans are typically unsecured and can be used for various personal expenses such as medical emergencies, travel, education, or debt consolidation.

Federal Bank Vehicle Loan

NBFCs offer loans for the purchase of vehicles, including cars, motorcycles, and commercial vehicles.

Federal Bank Business Loan

These loans are for purchasing or refinancing residential properties. NBFCs may offer housing finance for construction, purchase, or renovation of homes.
Apply Now

Federal Bank Loan Against Property (LAP):

NBFCs provide loans by mortgaging a property. The funds can be used for various purposes, such as business expansion, education, or medical expenses.
Apply Now

Federal Bank Gold Loans:

NBFCs offer loans against gold ornaments or coins. These loans are usually quick to process and can be used for various purposes.
Apply Now

Federal Bank Education Loans:

NBFCs provide loans to individuals for funding education expenses, including tuition fees, accommodation, and other related costs.
Apply Now

Federal Bank Microfinance Loans:

NBFCs may engage in microfinance activities, providing small loans to individuals or groups for income-generating activities in rural or underserved areas.
Apply Now

Federal Bank Consumer Durable Loans:

NBFCs offer loans for the purchase of consumer durables such as electronics and appliances.
Apply Now

Federal Bank Loan Against Securities:

NBFCs provide loans against securities like stocks, bonds, or mutual fund units.
Apply Now

Federal Bank Working Capital Loans:

These loans are designed to meet the short-term working capital needs of businesses.
Apply Now

Federal Bank Machinery Loans:

NBFCs may provide loans specifically for the purchase of machinery and equipment.
Apply Now

Federal Bank Professional Loans

Loans designed for professionals such as doctors, lawyers, and chartered accountants to meet their specific financial requirements.
Apply Now