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Federal Bank Personal Loan

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End-to-end Digital Onboarding

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Hassle-free Documentation

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Zero Preclosure Charges

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Competitive Interest Rates

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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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Why Choose Paisabazaar?
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Compare & Choose the Best Offer

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Pre-approved Offers with Instant Disbursals

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Know Your Chances of Approval

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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

About Federal Bank Personal Loan

  • Federal Bank offers attractive interest rates to its eligible personal loan applicants.
  • Individuals applying through Paisabazaar are offered personal loan interest rates ranging from 12% p.a. to 22.50% p.a.
  • Paisabazaar offers personal loans for loan amount of up to Rs. 5 lakh for tenure of up to 4 years.
  • The process is completely digital with hassle-free documentation process.
  • The bank does not levy any preclosure charges on its personal loan applicants.

Federal Bank Personal Loan Interest Rates

The Federal Bank personal loan interest rates depend on the credit profile of the applicant. Credit score is one of the main factors that help decide the interest rate offered to an applicant. The Federal Bank personal loan interest rate, when applied through Paisabazaar, are mentioned below:

Minimum Interest Rate 12.00% p.a.
Maximum Interest Rate 22.50% p.a.

Interest Rate Comparison of Federal Bank with Other Banks and NBFCs

Banks/NBFCs Interest Rates (p.a.)* Processing Fees
HDFC Bank 9.99% - 12.50% Rs. 3,499 to Rs. 6,500
Axis Bank 9.99% onwards Up to 2%
ICICI Bank 11.00% - 13.00% Up to 2%
Kotak Mahindra Bank 9.98% onwards 1.1% - 1.5 %
IndusInd Bank 10.35% - 16.50% 1.3% - 2 %
IDFC FIRST Bank 9.99% onwards Up to 2%
Federal Bank 12.00% - 19.50% Up to 2%
YES Bank 13.00% - 16.00% 1.5% - 2.25%
Tata Capital 11.99% - 13.99% Up to 1.25%
Aditya Birla Finance 10.99% onwards Up to 4%
L&T Finance 11.00% onwards Up to 3%
Hero Fincorp 19.75% - 30.00% 2.3% - 3%
Piramal Finance 12.90% onwards Up to 5%
Poonawalla Fincorp 18.00% - 36.00% Up to 3%
Moneyview 14.00% - 36.00% Up to 2%

Federal Bank Personal Loan Fees and Charges

Particulars Charges
Processing Fees starting from 1.5% of loan amount
Prepayment/Preclosure charges NIL
NACH Bounce Charges Charges applied by borrower’s savings account holding bank
NeSL reporting charges Rs. 29.50

Federal Bank Digital Personal Loan – Paisabazaar

  • Loan Amount: Rs. 50,000 to Rs. 5 lakh
  • Loan Tenure: 1 year to 5 years
  • Processing Fee: 1.5%-2.5% of loan amount

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Eligibility Criteria for Federal Bank Personal Loan

The eligibility criteria for Federal Bank personal loan offered through Paisabazaar is determined on the basis of the bank’s Credit Policy. Below-mentioned are some of the eligibility criteria set by Federal Bank:

  • Applicant should be a resident Indian citizen.
  • Applicant must fall under the age bracket of 21 to 55 years.
  • Only salaried individuals can apply.

Federal Bank may also consider the credit scores of its personal loan applicants, just like other lenders do while evaluating their personal loan eligibility.

Documents Required for Federal Bank Personal Loan

Federal Bank requires the following documents during personal loan application:

  • PAN card
  • Aadhar card

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
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What our customers say

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

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

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.

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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.

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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.

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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.

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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.

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Aridaman Singh ParhichaDec 11, 2025

My loan got approved immediately

I wanted a loan and I was able to get it approved through Paisabazaar. It was instantaneous and I got the amount in my account in 2 days only.

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Priyam Sarkar MajumdarDec 10, 2025

I get loan from here

I get loan from Paisabazaar here and it is very quickly given to me.

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Bilal ZaidiDec 9, 2025
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