Federal Bank offers various personal loan schemes under the personal loan category like FedPremia, Federal Easy Cash, Federal Shubh Yatra Loan (for travelling) and Federal Bon Voyage Loan (for relocating to abroad for work). These loans are crafted to meet specific needs of different individuals and offer maximum amount of upto Rs. 25 lakh. These personal loan schemes are easy to apply online and involve minimum documentation and attractive interest rates.
How to Apply for Federal Bank Personal Loan Online?
At Paisabazaar, the application process to apply for a personal loan is extremely easy. To Apply for Federal Bank personal loan follow the below mentioned steps:
- Click here and enter your basic details
- Click on ‘Proceed’ to check your eligibility and view best offers from various banks and NBFCs
- Select the appropriate lender or call the customer care of Paisabazaar for any query
- After selecting the bank, fill another form to process your loan application
- Upload all the necessary documents or schedule documents pickup from your home or office
- After your documents are verified, bank’s executive will give you a verification call
- The amount will get disbursed to your account within 3-5 working days if the loan gets approved
What are the Benefits of Applying for Federal Bank Personal Loan Online?
- Fast and hassle-free processing: The personal loans by Federal Bank are processed online and require minimal documentation. All the documents can be uploaded on the bank website or they can even be picked up from your home or office as per your convenience
- Fast approval: With involvement of less formalities and paperwork, the Federal Bank personal loan is approved quickly if you meet the eligibility criteria
- Quick disbursal: Once approved, Federal Bank personal loan is disbursed to your account within 3 to 5 working days
How to Check Federal Bank Personal Loan Status Online?
How do I calculate the EMI of Federal Bank personal loan?
You can calculate the EMI of Federal Bank personal loan even before applying for the loan. You can take the help of Paisabazaar’s personal loan EMI calculator that just asks about the loan amount, tenure and interest rate and tells the EMI within seconds.
What is the tenure to repay Federal Bank Personal Loan?
The tenure to repay Federal Bank personal loan goes upto 72 months.
What are the interest rates charged on Federal Bank personal loan?
The interest rate on a Federal Bank personal loan starts from 11.49%.