Federal Bank, one of India’s leading private-sector commercial banks, is known for its trust, excellence, and customer-centric services. Among its standout offerings, the Federal Bank Personal Loan is a reliable financial solution designed to meet various personal needs, with interest rates ranging from 10.49% to 17.99% p.a.

Whether you're planning your child’s higher education, a family vacation abroad, or a home renovation, Federal Bank provides easy access to funds with flexible terms. If you’re a first-time borrower looking for more details, don’t worry—we’ve got you covered.

Read this article further to know about the personal loan details offered by Federal Bank.

Federal Bank Personal Loan Interest Rates

The table shows you the latest Federal Bank personal loan interest rates and other details -

Particulars	Details
Interest Rates (in p.a.)	10.49% to 17.99% p.a.
Loan Amount	Up to Rs. 50 lakh
Repayment	60 months
Processing Fees	Up to 3% of the loan amount + applicable GST.

Types of Federal Bank Personal Loans

Here are the types of personal loans by Federal Bank - 

1. FedPremia Personal Loan
2. Pre-Approved Personal Loan
3. Digital Personal Loan

FedPremia Personal Loan - Federal Bank

FedPremia Personal Loans from Federal Bank offer a convenient and flexible financing solution to meet your diverse financial needs. With competitive interest rates and quick processing, these loans help you manage expenses like education, travel, home renovation, and more with ease.

Features & Benefits of FedPremia Personal Loan

Federal Bank offers hassle-free FedPremia Personal Loans exclusively for salaried individuals with a minimum monthly income of Rs.25,000.

• Loan Amount: Up to Rs.25 lakh
• Interest Rate: 11.49% - 14.49%
• Flexible Tenure: Up to 60 months
• Competitive Interest Rates: Attractive and affordable
• Quick Processing: Fast approval and disbursal
• Minimal Documentation: Easy application process
• Wide Availability: Accessible at all Federal Bank branches. 

With simple eligibility criteria and streamlined processing, FedPremia - Personal Loans provides a convenient financial solution for your needs.

FedPremia Personal Loan Eligibility Criteria

• Eligibility: Resident individuals with a net monthly salary of Rs.25,000+
• Age Limit: Up to 60 years at loan maturity
• Job Stability: Minimum 3 years in the current job

*Terms & conditions apply

Pre-Approved Personal Loans

The pre-approved personal loan, also known as the Pre-Approved BYOM Personal Loan, offers instant funds with zero paperwork and quick disbursal. Enjoy seamless access to credit exclusively for eligible customers.

Benefits of Pre-Approved BYOM Personal Loan

• No Application or Processing: Instantly approved with no underwriting
• Zero Documentation: Fully digital, no manual paperwork
• Loan Amount: Up to Rs.7.5 lakh
• Interest Rate: 11.99%  - 17.99%
• Instant Disbursal: Credited directly to your savings account
• Flexible Repayment: Tenure from 12 to 48 months, based on customer profile.
• No Pre-Closure Charges: Close the loan anytime without extra fees. 

Enjoy hassle-free access to funds with a Pre-Approved BYOM Personal Loan designed for quick and seamless borrowing.

Digital Personal Loans - Federal Bank

Experience a seamless, paperless loan journey with Federal Bank Digital Personal Loans. Get instant approval, minimal documentation, and quick disbursal—all through a fully digital process. Borrow up to Rs.5 lakh with flexible repayment options and no hassle. 

Benefits and Features of Digital Personal Loans

• 100% Digital Process: No manual paperwork, only Aadhaar OTP e-sign.
• Loan Amount: Rs.50,000 to Rs.5,00,000 (based on credit history & salary).
• Flexible Tenure: 12 to 60 months, depending on customer profile.
• Interest Rate: 11.99% - 17.49% 

Features and Benefits of Federal Bank Personal Loan

Some benefits and features of Federal Bank Personal loan are here - 

• Attractive Interest Rates: Competitive rates for affordable borrowing
• No Guarantor Required: No need for collateral or surety
• Flexible Repayment Options: Always go for a tenure that suits your budget
• Loans for Various Needs: Suitable for education, travel, home renovation, and more
• Minimal Paperwork: Simplified documentation for easy processing
• Quick Processing & Disbursal: Fast approval and fund transfer
• Doorstep Service: Enjoy hassle-free loan assistance at your convenience

Eligibility Criteria For Federal Bank Personal Loan

To avail of the personal loan from Federal Bank, you need to fit into the eligibility criteria below.

• The minimum age of the applicant should be 21 years
• The applicant's age should not exceed 60 years.
• Salaried individuals with a minimum monthly salary of Rs.25,000
• The applicant should be a salaried employee. 

Federal Bank Personal Loan EMI Calculator

Suppose you want to avail a loan amount of Rs.5,00,000 Lakh at an interest rate of 14% per annum for a tenure of 5 years. So, let’s find out the monthly EMIs by using the Wishfin Federal Bank Personal Loan EMI Calculator.

You just need to enter three details

• Interest Rates 

• Loan Amount 

• Loan Tenure

Just take a look at the below table to know the calculations of the same.

TENURE	LOAN AMOUNT	INTEREST RATE (10.49% p.a.)	INTEREST RATE (17.99% p.a.)
1	Rs. 5,00,000	Rs.44,071.97	Rs.45,837.62
2	Rs. 5,00,000	Rs.23,185.71	Rs.24,959.64
3	Rs. 5,00,000	Rs.16,248.86	Rs.18,073.69
4	Rs. 5,00,000	Rs.12,799.28	Rs.14,684.89
5	Rs. 5,00,000	Rs.10,744.47	Rs.12,693.99

Documentation Required for Federal Bank Personal Loan Application

Next, the thing to which you need to pay attention is the documentation required to get a personal loan from a Federal bank.

• Identity Proof: Aadhaar Card and PAN Card
• Income Proof: Last 3 months' salary account statement (PDF/Net banking)
• Mobile Number: Must be linked to Aadhaar for OTP verification. 

Additional Fees and Charges on Personal Loans by Federal Bank

The table shows fee and  charges on Federal Bank Personal Loan -

Pre Closure Charges	Nil
Floating rates	The interest rate varies in response to changes in the RBI’s Repo Rate
Prepayment/Preclosure charges	Floating Rate Schemes: No charges Fixed Rate Schemes (excluding BYOM Loans): 3%
Charges for switching between fixed and floating interest rates	0.25% of the outstanding balance or drawing power, whichever is higher

Federal Bank Personal Loan Application

When it comes to your personal loan application, you can either apply online or visit the bank branch in person for the same. Whether you are applying online or offline, the first step is to fill an application form as without filling and submitting the same, you won’t get the loan. It is mandatory to submit your loan application with the required application form as it makes the process smooth and hassle-free for both the parties.

Federal Bank Personal Loan Customer Care Number

If you are someone who is having any sort of trouble, query, or confusion regarding the Federal Bank personal loan, all you need to do is just dial a toll-free-pan number either from your mobile or landline.

• 1800-425-1199

Customers outside India can call on -

• +91 484 2630994, 
• +91 484 2630995, or 
• 080-61991199

These professionals, with their friendly nature, give you the best advice so that you can enjoy a hassle-free loan journey in the future. No matter how complicated your problem is, these experts are always there for you, 24×7.

Summary!

Federal Bank, a leading private-sector bank in India, offers personal loans with competitive interest rates, minimal documentation, and quick disbursal. These loans cater to various financial needs, such as education, travel, and home renovation. Federal Bank personal loans provide a hassle-free borrowing experience with customer-friendly features.

FAQs on Federal Bank Personal Loan

1. What is the latest Federal Bank Personal Loan Interest Rate?

The latest federal bank personal loan interest rate starts from 10.49% to 17.99% p.a.

2. What is the latest interest rate for BYOM pre-approved personal loans under Federal Bank?

The interest rate for the BYOM pre-approved personal loan varies between 11.99% and 17.99% and remains fixed for the entire loan tenure.

3. What is the loan tenure for a Federal Bank Personal Loan?

Applicants have up to 60 months as a loan repayment tenure.

4. What is the processing fee for a Federal Bank Personal Loan?

Up to 3% + GST is the processing fee for the federal bank personal loan.

5. Who all are eligible for the Federal Bank Personal Loan?

Only salaried employees with a minimum of Rs. 25,000 per month income are eligible for the Federal Bank Personal Loan.