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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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2839 Reviews

51M+Satisfied Customers
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800+Cities across India

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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 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

Itna Badhiya Rate and Service Hai!

Apke yaha itna acha interest rate mil gya market mei sabse kum and service toh aur bhi achi h. thank you.

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Mohit SinghDec 2, 2025

Best Interest Rate Offer

Got the best interest rate on your website. Best assistance and seamless experience.

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Aniket SinghDec 2, 2025

Best Marketplace to Shop for Loans

Your website is the best to apply for a personal loan. Got my loan disbursed within 3 days. So easy and hassle-free.

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Nikita SharmaDec 2, 2025

Fast loan approval

I got my loan approved within 24 hours. The process was fast, transparent, and reliable, exactly what I was looking for.

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Pragati ShuklaDec 2, 2025

Best place to compare loans

I was able to compare offers from multiple lenders on a single platform. This not only made my search easy but also saved a lot of time which was otherwise not possible if I checked with different lenders separately.

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Ashok SinghDec 1, 2025

Quickest Disbursal and Best Offer

I have got a personal loan from other platforms in the past. But your website is the quickest and the easiest place to get a loan. Great work!

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Sachin SharmaNov 25, 2025

Quick Loan disbursal

Mera loan amount bahut hi jaldi mere account me a gaya tha. Koi lengthy doucmentation process ni follow karna pada. Sab kuch asani se ho gaya.

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Dinesh PantNov 16, 2025

Best marketplace to shop for loans

I highly recommend Paisabazaar app to everyone looking out for personal loans. The customer support is so supportive and follows up with you throughout the loan process.

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Shweta SinghNov 13, 2025

Excellent features of Paisabazaar app

Good for tracking multiple loans and payments. I especially like auto-reminder feature to avoid missed EMIs.

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Jyoti SinghNov 12, 2025

User friendly interface

The platform is very user-friendly. I used the EMI calculator provided on the Paisabazaar website and was able to plan my EMIs as per my financial situation.

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Palash SinghNov 11, 2025
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