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Federal Bank 5 Lakh Personal Loan

Federal Bank personal loans are offered up to Rs. 25 lakh. Federal Bank 5 lakh personal loans are offered at an interest rate ranging between 12% p.a. to 19.5% p.a. They also offer flexible repayment tenure options that can vary between 12 to 60 months. Federal Bank personal loans require minimal paperwork, no collateral/security and therefore are processed faster.

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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 ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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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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 5 Lakh Federal Bank Personal Loan

Here are some of the key features of a personal loan of Rs. 5 lakh from Federal Bank:

  • Interest rate ranges between 12% p.a. - 19.5% p.a.
  • Repayment can be made within a flexible tenure between 12 to 60 months
  • Minimal documentation requirement
  • Requires no collateral or security and offers flexible end usage

Interest Rates for 5 Lakh Federal Bank Personal Loan

Federal Bank personal loan interest rate ranges between 12% p.a. to 19.5% p.a. for applicants availing a loan amount of Rs. 5 lakh. However, the interest rate offered may vary based on the credit profile of the applicant, relationship with the bank, income and employment stability, loan amount and tenure desired, etc.

Eligibility Criteria for 5 Lakh Federal Bank Personal Loan

Given below are the key eligibility criteria that must be taken into consideration when applying for a personal loan of Rs. 5 lakh from Federal Bank:

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

Documents Required for Federal Bank Personal Loan of 5 Lakh

Here are the key documents needed to avail a personal loan of Rs. 5 lakh from Federal Bank: Duly filled and signed loan application form KYC Documents

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

Income Documents

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

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Fees and Charges for 5 Lakh Federal Bank Personal Loan

Here are the some of the key fees and charges associated with a personal loan of Rs. 5 lakh from Federal Bank:

Charge Type Applicable Amount
Processing Fees 2% of the loan amount
Pre-closure/Prepayment 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

You can apply for a personal loan online by following the steps mentioned below:

  1. Go to the Paisabazaar app or website
  2. Enter your mobile number
  3. Fill in other necessary details
  4. Fill in the OTP that you receive on your mobile number
  5. Browse through the various offers available and select the one that suits your requirement

Other Types of Federal Bank Personal Loans

The following are some other types of Federal Bank personal loan options available:

Pre-Approved Personal Loan:

  • Requires no application, documentation, processing or underwriting
  • Credited instantly to your savings account
  • Available up to Rs. 7.5 lakh
  • Repayment can be made between 12 to 48 months
  • Maybe pre-closed anytime without any pre-closure charges

Digital Personal Loan:

  • Needs no manual documentation. Just e-sign the loan documents using Aadhaar OTP.
  • Offered for amounts running between Rs. 50,000 to Rs. 5 lakh
  • Repayment tenure can range between 12 to 60 months

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

Explore Our Federal Bank Lenders

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
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What our customers say

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

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Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

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Neha JainOct 29, 2025

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency &amp; need funds instantly I applied for loan at Paisabazaar &amp; see I have a pre approved offers &amp; apply to it &amp; amount disbursed in 48 hours thanks to paisabazaar teams

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Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Priyanka SharmaOct 15, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Vivaan ShahSep 24, 2025

Loan Approved in on day

I confused between HDFC & Axis personal loans, but Paisabazaar showed me all the offers side by side. I apply in 10 minutes and got approval the next day!

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Rahul MehtaSep 23, 2025

Personal loan mila yahaan se

Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

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Pankaj SinhaSep 22, 2025
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