With affordable interest rates, Federal Bank offers personal loans. Additionally, Federal Bank provides paperless digital loan processing along with online, quick personal loan. Federal Bank with interest rates starting at 11.49% - 14.49% onwards. A maximum loan from Rs 1lacs to 50 lacs with a maximum 1 to 5 year repayment period is available to you.
Interest Rate | 11.49% - 14.49% onwards | |
---|---|---|
Maximum Loan | Rs 1lacs to 50 lacs | |
Processing Fees | 2.50% | |
Maximum Loan Tenure | 1 to 5 year |
Amount
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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
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.
Only by giving the information requested below may one for Federal Bank Personal Loan apply online :
Visit the official website Fincrif.com .
Firstly , login with your name and number .
Then fulfill your employment type.
Verify OTP.
Upload all the documents and submit .
Last , you will get a call from the Fincrif team and help you to proceed next.
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.
ANS. Check to see if Federal Bank has your mobile number on file if you want to receive updates on your personal loan.
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.
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
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 | 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 |
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