Know more about the personal loan offered by Federal Bank on Bajaj Markets
Get Lowest Personal Loan Interest Rate ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!
Fulfil your financial obligation with a Federal Bank Personal Loan, now available on Bajaj Markets. You can instantly borrow amount as high as ₹5 Lakhs through an end-to-end digital application journey on the platform. Get great benefits like competitive interest rates starting from 12.75% p.a., tenures of up to 48 months, and more with a Federal Bank Personal Loan.
Here are the interest rates and other associated charges of the Federal Bank Personal Loan that you should know about:
Interest Rate |
12.75% p.a. - 19.90% p.a. |
Processing Fee |
2%-3% of the loan amount + 18% GST |
Foreclosure Charges |
3% of the outstanding loan amount at the time of closure + 18% GST |
*Disclaimer: The aforementioned details are subject to change as per the lender's policies.
Features and Benefits
Attractive Interest Rates
Get personal loans at attractive interest rates ranging between 12.75% p.a. and 19.90% p.a.
Flexible Repayment Tenure
Repay your loan within tenures ranging from 12 months to 48 months
Easy Documentation
With the completely digital application procedure, the documentation process is very convenient and hassle-free
The eligibility criteria for Federal Bank Personal Loan are as follows:
You must fall under the age bracket of 21 to 55 years
You must have a CIBIL Score of 730 or above
- Your eligibility will be determined based on the ‘Federal Bank credit policy’
Along with fulfilling the aforementioned criteria, keep the following documents handy when applying for a Federal Bank Personal Loan:
PAN card
Aadhaar card
How to Apply?
Apply for a Federal Bank Personal Loan online on the Bajaj Markets platform by following the steps provided below:
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Click on the ‘Apply Now’ option on this page
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Fill in your professional and personal details in the online form
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Choose ‘Federal Bank’ from the list of personal loan providers
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Enter your preferred loan amount and repayment tenure
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Submit the application form
Bank's Website: https://www.federalbank.co.in/bajaj-finserv-direct-limited
To raise a ticket with the Bank : https://ocms.federalbank.co.in/index.php?/client/clientdetail_from
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
FAQs
What are the charges associated with a Federal Bank Personal Loan?
You can get a Federal Bank Personal Loan at interest rates starting from 12.75% p.a. In addition to this, you will also be required to pay a processing fee, which is about 2% to 3% of the loan amount plus 18% GST. Furthermore, if you wish to close your loan before the chosen tenure, you may have to pay up to 3% of the loan amount plus applicable charges as preclosure charges.
How much money can I borrow using a Federal Bank Personal Loan?
You can borrow up to ₹5 Lakhs using a Federal Bank Personal Loan. However, the amount you are sanctioned depends on whether you fulfil the eligibility requirements as per the Federal Bank credit policy.
