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Federal Bank Personal Loan

Federal Bank has entered into a partnership with Paisabazaar to offer personal loans with end-to-end digital onboarding facility at interest rates ranging between 12% and 22.50% p.a. This loan facility is offered for tenures of 1-4 years and for loan amounts of Rs 50,000-Rs 5 lakh. Federal Bank does not levy any prepayment/preclosure charges on personal loans availed through Paisabazaar.

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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 ₹40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
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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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

Federal Bank Personal Loan Highlights

Interest Rate 12.00%-22.50% p.a.
Loan Amount Rs 50,000-Rs 5 lakh
Loan Tenure 1-4 years
Processing Fee 1.5%-2.5% of the loan amount
Pre-closure/Prepayment charges NIL

Federal Bank Personal Loan Interest Rates

Federal Bank Personal Loan Interest Rates

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

Federal Bank Personal Loan Fees and Charges

Particulars Charges
Processing Fees 1.5%-2.5% 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 4 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

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency &amp; need funds instantly I applied for loan at Paisabazaar &amp; see I have a pre approved offers &amp; apply to it &amp; amount disbursed in 48 hours thanks to paisabazaar teams

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Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Priyanka SharmaOct 15, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Vivaan ShahSep 24, 2025

Loan Approved in on day

I confused between HDFC & Axis personal loans, but Paisabazaar showed me all the offers side by side. I apply in 10 minutes and got approval the next day!

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Rahul MehtaSep 23, 2025

Personal loan mila yahaan se

Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

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Pankaj SinhaSep 22, 2025

Great Customer support and response

Quick and efficient support team of Paisabazaar. Proper knowledge of product and good customer relationship by Abhishek Singh.

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ABhisekh BordoloiSep 21, 2025

Got personal loan from Paisabazaar

I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

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Pranoy SenSep 19, 2025
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