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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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₹65k Cr+Loans Disbursed
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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

Apply Now

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

Apply Now

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All Your Needs

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FAQs

What is the total interest cost of Rs. 5 lakh personal loan at 12% p.a. and tenure of 2 years from Federal Bank?

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

What is the interest rate of Federal Bank Rs. 5 lakh personal loan?

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. 

What are the tenure options available to applicants wanting a personal loan of Rs. 5 Lakh from Federal Bank?

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

Do I have to pay any additional fees/charges for Rs. 5 lakh personal loan from Federal Bank?

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. 

Should I need to provide any collateral or security to get a personal loan of Rs. 5 lakh from Federal Bank?

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

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What our customers say

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

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

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 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
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Anubhuti Agrawal
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Shamik Ghosh

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

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

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