Federal Bank Personal Loan

Know more about the personal loan offered by Federal Bank on Bajaj Markets

Salaried Individuals - Check your Loan eligibility!

Get Lowest Personal Loan Interest Rate ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Apply Now

Fulfil your financial obligation with a Federal Bank Personal Loan, now available on Bajaj Markets. You can instantly borrow amount as high as ₹5 Lakhs through an end-to-end digital application journey on the platform. Get great benefits like competitive interest rates starting from 11% p.a., tenures of up to 48 months, and more with a Federal Bank Personal Loan.

Interest Rates and Charges

Here are the interest rates and other associated charges of the Federal Bank Personal Loan that you should know about:

Interest Rate	11% p.a. onwards
Processing Fee	0.70% to 2.80% of the loan amount
Foreclosure Charges	3% of the outstanding loan amount + applicable taxes

*Disclaimer: The aforementioned details are subject to change as per the lender's policies.

Federal Bank Personal Loan EMI Calculator

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Features and Benefits

Attractive Interest Rates

Get personal loans at attractive interest rates starting from 11% p.a.

Flexible Repayment Tenure

Repay your loan within tenures ranging from 12 months to 48 months

Easy Documentation

With the completely digital application procedure, the documentation process is very convenient and hassle-free

Eligibility Criteria and Documents Required

The eligibility criteria for Federal Bank Personal Loan are as follows:

You must fall under the age bracket of 21 to 55 years
You must have a CIBIL Score of 730 or above

Your eligibility will be determined based on the ‘Federal Bank credit policy’

Along with fulfilling the aforementioned criteria, keep the following documents handy when applying for a Federal Bank Personal Loan:

PAN card
Aadhaar card

How to Apply?

Apply for a Federal Bank Personal Loan online on the Bajaj Markets platform by following the steps provided below:

Click on the ‘Apply Now’ option on this page
Fill in your professional and personal details in the online form
Choose ‘Federal Bank’ from the list of personal loan providers
Enter your preferred loan amount and repayment tenure
Submit the application form

What are the charges associated with a Federal Bank Personal Loan?

You can get a Federal Bank Personal Loan at interest rates starting from 11% p.a. In addition to this, you will also be required to pay a processing fee, which is about 0.70% to 2.80% of the loan amount + 18% GST. Furthermore, if you wish to close your loan before the chosen tenure, you may have to pay up to 3% of the loan amount + applicable charges as preclosure charges.

How much money can I borrow using a Federal Bank Personal Loan?

You can borrow up to ₹5 Lakhs using a Federal Bank Personal Loan. However, the amount you are sanctioned depends on whether you fulfil the eligibility requirements as per the Federal Bank credit policy.