Federal Bank Personal Loan

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Federal Bank Personal Loan Key Features

Eligibility Criteria Details
Age 21 to 58 yrs(at loan maturity)
CIBIL 750
Federal Bank Personal Loan Interest Rate  9.99% per annum
Lowest EMI per lakh Rs. 2174
Tenure 12 to 60 Months
Federal Bank Personal Loan Processing Fee 1%
Prepayment Charges Decided by bank
Part Payment Charges Decided by bank
Minimum Loan Amount Rs. 50,000
Maximum Loan Amount Up to Rs. 25 Lakh

Each Feature Explained in Detail Below


Federal Bank Personal Loan Eligibility Criteria

Eligibility criteria for a personal loan:

CIBIL score 750 or above
Age 21 to 58 yrs
Min Income Rs. 15,000 to Rs 25,000
Occupation Salaried/Self-Employed/Pensioner

Federal Bank Personal Loan Interest Rate and Charges

Federal Bank Personal Loan Interest Rate 9.99% per annum
Federal Bank Personal Loan Processing Charges 1%
Prepayment Charges NIL
Stamp Duty As per state law
Cheque Bounce Charges As per Bank
Penal Interest As per Bank
Floating Rate of Interest NIL

Federal Bank Personal Loan Documents Required

Form Duly filled  and signed application form
Proof of Identity Copy of:

  •  Passport
  • Driving License
  • Aadhaar Card
  • Voter ID Card
Proof of Address
  • Rent Agreement (Min. 1 year of stay)
  • Utility Bills
  • Proof of permanent residence
  • Ration card, Bank Account Statement, Latest Credit Card Statement
Proof of Income
  • ITR: Last two financial  years( For self-employed)
  • Salary Slip: Last 6 months (Salaried Employee)
  •  Bank Statement: Last 3 months

Federal Bank Personal Loan EMI Calculator

EMI Calculator.

Federal Bank Personal Loan Compared to Other Banks

Particulars Federal Bank  HDFC Bank Bajaj Finserv Axis Bank Citibank ICICI Bank
Interest Rate 9.99% 11.25% to 21.50% Starting from 12.99% 15.75% to 24% Starting from 10.99% 11.50% to 19.25%
Tenure 12 to 60 Months 12 to 60 months 12 to 60 months 12 to 60 months 12 to 60 months 12 to 60 months
Loan amount Up to Rs. 25 lakh Up to Rs. 40 lakh Up to Rs. 25 lakh Rs. 50,000 to Rs. 15 lakh Up to Rs. 30 lakh Upto Rs. 20 lakh
Processing Fee 1% loan amount Up to 2.50% of the loan amount Up to 3.99% of the loan amount Up to 2% of the loan amount Up to 3% of the loan amount Up to 2.25% of the loan amount

Other Loan Products from Federal Bank

Gold Loan Car Loan Home Loan Business Loan
Two Wheeler Loan Loan Against Property Credit Card Education Loan

Why should you apply for Federal Bank Personal Loan with Dialabank?

  • Dialabank first financial helpline of the country
  • Less Documentation is required for processing
  • Fast Approval will be provided to you

You can call at 9878981166 for any query.

How to Calculate EMIs for Federal Bank  Personal Loan?

There is a  requirement of the following information to calculate Federal Bank Personal Loan:

EMI:

  • Amount of the Loan
  • also, the Interest Rate of your loan
  • and Tenure of your loan

Substitute the values in the calculator below and find your monthly EMIs

EMI Calculator

Federal Bank  Personal Loan Processing Time

  • Fast processing will be provided
  • It needs less paperwork for processing
  • A processing fee is 1% to 2% of the loan amount.

Federal Bank Personal Loan Preclosure charges

Is your fund ready? Then you can apply for Pre-closure. For more details can make a call or visit the branch.

Different Personal Loan offers by Federal Bank

Home Loan

Federal Bank offers personal loan for a home:

  • Minimum age should be 21 yrs
  • Maximum Age should be 60 yrs
  • Regular Income applicants are a must for the Home Loan
  • Earn more than the required monthly income for ease in the approval

Personal Loan for Government Employees

Federal Bank offers personal loan to Govt. employees and Amount of loan depend on the company your working for.

Education Loan

  • Federal Bank offers Education loan up to Rs 10 lac in India and Rs 20 lac to study in Abroad
  • Your loan limit should be above Rs 4.00 lac
  • Max Loan to study in India is Rs 10 lac
  • Max Loan to Study in Abroad is Rs 20 lac

Personal Loan Balance Transfer

  • Personal Loan balance transfer means the borrower transfer the sum to other institutions.
  • Low-interest rates.
  • Long repayment tenure.

Federal Bank Personal Loan Top Up

Federal Bank personal loan provides top-up that means an additional amount on the existing loan.

Federal Bank Personal Loan Status

  • Visit the site of this bank.
  • Check the eligibility.
  • Fill the form with your information.
  • Our managers will contact you.

How to Apply for Federal Bank Personal Loan?Federal Bank Personal Loan

There is less requirement for paperwork. It helps in saving your time and you get your loan approval faster.

Availing a personal loan is very simple; all you have to do is to:

  1. Visit the website of Dialabank and fill the simple application form.
  2. You will get a call from our representative team
  3. Our trained team will guide you through the entire process and tell you each detail of the loan.

FAQs About Federal Bank Personal Loan

✅ How to apply for Federal Bank Personal Loan?

You can apply for a personal loan with Federal Bank through visiting the nearest Federal Bank branch or simple form submission with Dialabank. With Dialabank, you get the benefit to apply from anywhere and get quick online approval.

✅ What is the Interest Rate for Federal Bank Personal Loan?

Federal Bank charges an interest rate of 9.99% for their personal loan products.

✅ What is the minimum age for getting a Personal Loan from the Federal Bank?

You should be at least 21 years old to apply for a personal loan with the Federal Bank.

✅ What is the maximum age for getting a Personal Loan from Federal Bank?

The maximum age for availing a personal loan from Federal Bank is 58 years.

✅ What is the minimum loan amount for Federal Bank Personal Loan?

The minimum loan amount for availing a personal loan from Federal Bank is Rs. 50,000.

✅ What is the maximum loan amount for Federal Bank Personal Loan?

You can take a maximum loan amount of Rs. 25 lakhs from Federal Bank under the personal loan scheme.

✅ What are the documents required for Federal Bank Personal Loan?

You will need Aadhaar card/Voter ID, PAN card, salary slips of the last 6 months, the ITR of the last two financial years, and two recently clicked photographs for a personal loan from Federal Bank.

✅ What is the Processing Fee for Federal Bank Personal Loan?

Federal Bank charges a processing fee of up to 1% of the loan amount plus GST for the personal loan.

✅ How to get Federal Bank Personal Loan for Self Employed?

Federal Bank provides special offers for self-employed borrowers to help them monetarily. You will have to provide the ITR files of the last two years as your income proof.

✅ What is the Maximum Loan Tenure for Federal Bank Personal Loan?

The maximum loan tenure period for a personal loan from Federal Bank is 60 months.

✅ What should be the CIBIL Score for Federal Bank Personal Loan?

You must have a CIBIL score of at least 750 or above for getting a personal loan from the Federal Bank.

✅ Do I have a pre-approved offer for Federal Bank Personal Loan?

You can check out your pre-approved personal loan offers from Federal Bank with Dialabank. All you have to do is fill the form, and we will check out all the offers for you and get back to you to help you choose the best one.

✅ How to calculate EMI for Federal Bank Personal Loan?

You can use the EMI calculator available at Dialabank’s website for the calculation of your personal loan EMIs from the Federal Bank.

✅ How to pay Federal Bank Personal Loan EMI?

Your personal loan EMIs from Federal Bank are automatically subtracted from your bank account on a monthly basis. You can also use the net-banking services of the Federal Bank to pay for your personal loan.

✅ How to close Federal Bank Personal Loan?

You have to pay all the outstanding personal loan amount and then contact the branch of Federal Bank to receive your no dues certificate.

✅ How to check Federal Bank Personal Loan Status?

You must visit the Federal Bank branch to check the status of your personal loan. On the other hand,  you can visit Dialabank and fill a simple form to allows us to do the hard work for you.

✅ How to close Federal Bank Personal Loan Online?

Closing of a personal loan from Federal Bank requires the following steps:

  • Visit the Federal Bank’s net-banking page.
  • Login with your details.
  • Pay your personal loan and save the transaction receipt.

✅ How to pay Federal Bank Personal Loan EMI Online?

Your personal loan EMI can be paid using the net-banking services of the Federal Bank. Dialabank lets you compare offers and deals from different banks to choose the best, to avail of a low-EMI personal loan. All you have to do is fill a simple form, and we will do the rest for you.

✅ How to check Personal Loan Balance in Federal bank?

For checking your personal loan balance in Federal Bank, you will contact the customer care number of the Federal Bank. If you are searching for low-interest personal loans, you must visit Dialabank and fill a simple form for Personal Loan Balance Transfer, and we will do the hard work for you.

✅ How to download Federal Bank Personal Loan Statement?

The personal loan statement of the Federal Bank can be downloaded using the Federal Bank mobile banking app. You can visit the online platform of Dialabank and fill a simple form to compare and know about all the offers that we have for you.

✅ How to Top Up Personal Loan in Federal Bank?

If you require a top-up on your personal loan from Federal Bank you will visit the bank branch and contact the loan officer. You can also fill a simple form with Dialabank at Personal Loan Top Up and leave the rest to us

✅ What happens if I don’t pay my Federal Bank Personal Loan EMIs?

Federal Bank will charge a penal interest if you don’t pay your personal loan EMIs. You can apply for a balance transfer through Dialabank to avail of low-interest personal loans.

✅ How to find the Federal bank Personal Loan account number?

You will contact your Federal Bank loan branch to know your personal loan account number. Just fill out the form available at Dialabank and allows us to do all the work for you.

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