Paisabazaar Logo - Compare loans and credit cards

Federal Bank 5 Lakh Personal Loan

Icon image of Wide Choice

Wide Choice

Icon image of Quick Disbursal

Quick Disbursal

Icon image of SmartMatch

SmartMatch

Icon image of Digital Process

Digital Process

Illustration

Apply Personal Loan Online

google-play-icon

Google Play Store

4.5/5

15.5L Reviews

51M+Satisfied Customers
65+Lending Partners
800+Cities across India

Find Best Personal Loan Offers

Sort by:

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%

Quick Links

Why Choose Paisabazaar?
image of Compare & Choose the <strong>Best Offer</strong>

Compare & Choose the Best Offer

image of Pre-approved Offers with <strong>Instant Disbursals</strong>

Pre-approved Offers with Instant Disbursals

image of Know Your <strong>Chances of Approval</strong>

Know Your Chances of Approval

image of End-to-End <strong>Digital Process</strong>

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 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

Avail Personal Loan for
All Your Needs

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 Personal Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
View All Partners

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.

Personal Loan Articles

Importance of No Dues Certificate in Personal Loan Closure - Article image

Importance of No Dues Certificate in Personal Loan Closure

icon image of Paisabazaar
Paisabazaar02 Sept 2025
Loan rejected despite high income? Here’s what you need to know - Article image

Loan rejected despite high income? Here’s what you need to know

icon image of Paisabazaar
Paisabazaar19 Aug 2025
Personal Loan for First Time Borrowers: What Customers Must Know - Article image

Personal Loan for First Time Borrowers: What Customers Must Know

icon image of Paisabazaar
Paisabazaar04 Aug 2025
How I Saved Rs 22,000 on My Personal Loan through Prepayment - Article image

How I Saved Rs 22,000 on My Personal Loan through Prepayment

icon image of Bhumika Khandelwal
Bhumika Khandelwal31 Jul 2025
How Have Personal Loans Advanced Over the Past few Years - Article image

How Have Personal Loans Advanced Over the Past few Years

icon image of Paisabazaar
Paisabazaar17 Jul 2025
Factors To Consider While Selecting a Personal Loan Lender - Article image

Factors To Consider While Selecting a Personal Loan Lender

icon image of Paisabazaar
Paisabazaar16 Jul 2025
Instant Personal Loan Apps: Avoid These 5 Pitfalls - Article image

Instant Personal Loan Apps: Avoid These 5 Pitfalls

icon image of Bhumika Khandelwal
Bhumika Khandelwal16 Jul 2025
Reasons for Delay in Personal Loan Processing - Article image

Reasons for Delay in Personal Loan Processing

icon image of Paisabazaar
Paisabazaar09 Jul 2025
APR vs Interest Rate in Personal Loans: What’s the Difference? - Article image

APR vs Interest Rate in Personal Loans: What’s the Difference?

icon image of Bhumika Khandelwal
Bhumika Khandelwal07 Jul 2025
Tips to Choose an Ideal Personal Loan Tenure - Article image

Tips to Choose an Ideal Personal Loan Tenure

icon image of Paisabazaar
Paisabazaar07 Jul 2025
View All Articles
quotes icon

What our customers say

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.

icon image of avatar
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.

icon image of avatar
Anuradha GuptaJan 21, 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.

icon image of avatar
Sadia KhatunJan 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

icon image of avatar
Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

icon image of avatar
Ruchika TiwariJan 14, 2026

Medical Emergency thi, loan jaldi mil gya

Muhje ek medical emergency ke liye personal loan lena padha. Paisabazaar pe bht jaldi or smooth process tha. time pe kaam agaya.

icon image of avatar
Raj SinghJan 13, 2026

Compare karke sahi rate mila

Loan offers jab comapre kiya toh pata chala konse loan lene se muhje sahi mai faida hoga. Isiliye Paisabazaar muhje best laga.

icon image of avatar
Akrity PandeyJan 5, 2026

Personal loan fatfat mai mil gaya

Muhje paiso ki urgent need thi. Paisabazaar se loan jaldi or sahi rate pe mil gaya.

icon image of avatar
Riya MehraJan 5, 2026

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

icon image of avatar
Tanmay BorkatakiDec 12, 2025

Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

icon image of avatar
Aridaman Singh ParhichaDec 11, 2025
View All Testimonials
Vandana Punj profile
Written ByLinkedIn icon
Vandana Punj
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers