Federal Bank 10 Lakh Personal Loan

Name: Federal Bank 10 Lakh Personal Loan
Brand: Paisabazaar
Rating: 4.2 (2839 reviews)

Federal Bank personal loans are offered up to Rs. 25 lakh. Apply for a Federal Bank 10 lakh personal loan at an interest rate starting from 12% p.a. and for tenure ranging between 12 to 60 months. Federal Bank personal loans require minimal paperwork, no collateral/security and therefore are processed faster.

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Quick Disbursal

Money in your account instantly

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Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Get up to ₹1,000*

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Valid till 15^th October '25

Valid till 15^th October '25*T&C Apply

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Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Paisabazaar Exclusive Benefits

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Find Best Personal Loan Offers

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HDFC Bank

10 Second Disbursal*100% Digital Process*Quick Disbursal

Max. Loan Amt.Upto ₹25L

Rate of Interest9.99% - 12.5%

Tenure upto1-5 Years

Processing Fee₹ 6,500

Axis Bank

Low Processing fee

Max. Loan Amt.Upto ₹40L

Rate of Interest9.99% - 17.15%

Tenure upto1-5 Years

Processing Fee1% - 1.5%

Kotak Mahindra Bank

Lowest Income requirement100% Digital Process*

Max. Loan Amt.Upto ₹25L

Rate of Interest9.98% - 17.2%

Tenure upto1-5 Years

Processing Fee1.1% - 1.5%

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Features of 10 Lakh Federal Bank Personal Loan

Interest Rates for 10 Lakh Federal Bank Personal Loan

Eligibility Criteria for 10 Lakh Federal Bank Personal Loan

Documents Required for Federal Bank Personal Loan of 10 Lakh

Why Choose Paisabazaar?

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Pre-approved Offers with Instant Disbursals

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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Features of 10 Lakh Federal Bank Personal Loan

The following are some of the key features of a personal loan of Rs. 10 lakh from Federal Bank:

Offered at an Interest rate ranging between 12% p.a. - 19.5% p.a.
Can be repaid within a flexible tenure between 12 to 60 months
Requires minimal documentation
Requires no collateral/security and no restriction on end usage

Interest Rates for 10 Lakh Federal Bank Personal Loan

Federal Bank personal loan interest rate starts at 12% p.a. and can go up to 19.5% p.a. for applicants availing a loan amount of Rs. 10 lakh. However, the interest rate offered may vary depending on the credit profile of the applicant, income and employment stability, loan amount and tenure desired, relationship with the bank, etc.

Eligibility Criteria for 10 Lakh Federal Bank Personal Loan

The following are the key eligibility considerations that must be kept in mind when applying for a personal loan of Rs. 10 lakh from Federal Bank:

Should be a resident individual earning a minimum net monthly salary of Rs. 25,000
Maximum age at the end of the loan tenure should not exceed 60 years
Should have been working for at least 3 years in the present organisation

Documents Required for Federal Bank Personal Loan of 10 Lakh

The following are the key documents required to avail a personal loan of Rs. 10 lakh from Federal Bank:

Duly filled and signed loan application form

KYC Documents

Proof of Identity (Passport/Driving License/Voters ID card/PAN Card)
Proof of Address (Ration card/Telephone Bill/Electricity Bill/Lease agreement/ Passport)
Copy of PAN Card
2 Copies of latest passport size photo of the applicant

Income Documents

Last 3 months’ salary slips/Latest salary certificate
Form 16/Income Tax Returns for past 2 years
Last 6 months’ salary account statements

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Fees and Charges for 10 Lakh Federal Bank Personal Loan

The following are the some of the key fees and charges associated with a personal loan of Rs. 10 lakh from Federal Bank:

Charge Type	Applicable Amount
Processing Fees	2% of the loan amount
Prepayment/Pre-closure Charges	Floating Rate Schemes – Nil Fixed Rate schemes- 3% (Excluding Byom Loans)
Charge for CIBIL Report	Nil
CERSAI Registration/Modification Charges	Nil

How to Apply for Personal Loan through Paisabazaar

To apply for a personal loan online, following the steps given below:

Go to the Paisabazaar app or website
Fill in your mobile number
Fill in other necessary information
Enter the OTP that you receive on your mobile number
Browse through the various offers available and choose the one that suits your requirement

Other Types of Federal Bank Personal Loans

Other types of Federal Bank personal loan options available include:

Pre-Approved Personal Loan:

Pre-approved loan option which requires no application, processing or underwriting and is instantly credited to your savings account
Offered up to Rs. 7.5 lakh
Loan tenure can range between 12 to 48 months
Can be pre-closed anytime without any pre-closure charges

Digital Personal Loan:

Requires no manual documentation. Only e-sign of loan documents using Aadhaar OTP.
Loan amount can range between Rs. 50,000 to Rs. 5 lakh
Comes with a flexible repayment tenure that can range between 12 to 60 months