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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 Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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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

Avail Personal Loan for
All Your Needs

FAQs

The total interest cost of Rs.5 lakh personal loan at 12% p.a. for a tenure of 2 years is Rs. 64,882.

At present, a personal loan of Rs.5 lakh from Federal Bank is offered at an interest rate ranging between 12% p.a. to 19.5%  p.a. The interest rate offered may vary based on the credit profile of the applicant, loan amount and tenure desired, etc. 

A Federal Bank personal loan of Rs.5 lakh comes with a repayment tenure that can range between 12 months to 60 months. 

You are required to pay a processing fee of 2% on your Federal Bank personal loan. This processing fee will be deducted from the disbursal amount payable to you. 

No, personal loans are unsecured loans and therefore do not require any collateral or security.

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What our customers say

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026

Best Advisor for Personal Loan

I would like to share my feedback regarding my recent interaction with Mr. Vipin Singh (employee id EW12967) After discussing the financial matters with him, I felt very satisfied with his approach and professionalism. He explained everything clearly, handled the discussion patiently, and ensured that all concerns were addressed effectively. His communication skills, positive attitude, and dedication towards his responsibilities truly reflect his commitment to the organization.

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20th Jan 2026Jan 20, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Sadia KhatunJan 15, 2026

Perfect for Loan Solutions

Recently I had a conversation with Mr. Harsh ji. Thanks Mr. Harsh ji for providing a better solution in a very short period of time with very nice behaviour. Thank You very much.

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Amit ChahalJan 15, 2026

Travel ke liye personal loan liya tha

Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

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Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

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Ruchika TiwariJan 14, 2026

Stress-free Laon Borrowing Process

There was a complication with my KYC verification. Paisabazaar’s Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

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Abhishek ThakuraJan 14, 2026
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