Apply For Federal Bank Personal Loan Online

Federal Bank provides personal loans with an attractive starting interest rate of 11.49% per annum, applicable to loan amounts up to Rs 25 lakh and flexible tenures of up to 5 years. Existing customers are eligible for the hassle-free Pre-approved BYOM Personal Loans, which can be conveniently applied for through the bank's digital platform. The Digital Personal Loans cater specifically to salaried individuals aged between 21 and 55 years.

Apply for Federal Bank Personal Loan Online

Federal Bank

Max. Loan Amt.

Up to ₹25L

Rate of Interest

11.49% - 17.99%

Tenure up to

Upto 5 Years

Processing Fee

Up to 3%

Check Eligibility

Lowest Income requirement 100% Digital Process*

Federal Bank Personal Loan Interest Rates

Product Type	Interest Rate (p.a.)
FedPremia Personal Loan	11.49% to 14.49% p.a.
Federal Bank Pre-approved Personal Loan	11.99% to 17.99% p.a.
Federal Bank Digital Personal Loan	11.99% to 17.49% p.a.

Federal Bank Personal Loan Highlights
Interest Rate	11.49% p.a. onwards
Loan Amount	Up to Rs 25 lakh
Loan Tenure	Up to 5 years
processing Fees	Up to 3% of loan amount
Minimum Monthly Income	Rs 25,000

Note: Rates as of 22 December 2026

Pre Approved Personal loan | Check Eligibility & Apply Online

Table of Contents
Compare interest rates offered by other lenders
Fees and Other Charges
Types of Federal Bank Personal Loan
Eligibility Criteria
Documents Required
EMI Calculator
FAQs

Banks/NBFCs	Interest Rates(p.a.)
Axis Bank	10.49% onwards	Apply Now
IndusInd Bank	10.49% onwards	Apply Now
IDFC First Bank	10.49% onwards	Apply Now
HDFC Bank	10.50% onwards	Apply Now
ICICI Bank	10.50% onwards	Apply Now
Kotak Mahindra Bank	10.99% onwards	Apply Now
Tata Capital	10.99% onwards	Apply Now
Bajaj Finserv	11.00% onwards	Apply Now
Federal Bank	11.49% onwards	Apply Now
DMI Finance	12.00% - 40.00%	Apply Now
L&T Finance	12.00% onwards	Apply Now
MoneyTap	12.96% onwards	Apply Now
Piramal Finance	12.99% onwards	Apply Now
Aditya Birla	13.00% onwards	Apply Now
MoneyView	15.96% onwards	Apply Now
Cashe	27.00% onwards	Apply Now

Also read: Best Personal Loan Interest Rate

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Loan Product	Interest rates (p.a.)
Processing Fee	Up to 3% of loan amount
Pre-payment/pre-closure charges	Floating Rate Scheme- NIL Fixed Rate Scheme (including Byom Loans)- 3%
Penal Interest	2% per month
Switching charges from fixed to floating and vice-versa	0.25% of outstanding balance/drawing power, whichever is higher
CIBIL Charges	NIL
CERSAI charges	NIL

Also read: Best Personal Loan in India

Apply for Federal Bank Personal Loan at lower interest rates

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Federal Bank Pre-approved BYOM Personal Loan

Purpose: Federal Bank extends a pre-approved BYOM Personal Loan to its current customers, facilitating a seamless and paperless application process through the digital platform BYOM (Be Your Own Master). This platform is exclusively designed for existing Federal Bank customers, offering them the convenience of obtaining personal loans digitally.
Loan Amount: Up to Rs 7.5 lakh
Tenure: Up to 4 years
Processing Fees: Up to 2% of loan amount

Federal Bank Digital Personal Loan

Purpose: Federal Bank offers Digital Personal Loans to salaried individuals with only e-sign of loan documents through Aadhaar OTP.
Loan Amount: Rs 50,000 to Rs 5 lakh
Tenure: Up to 5 years

FedPremia Personal Loan

Purpose: Federal Bank provides a personal loan scheme designed for employed individuals earning a minimum monthly salary of Rs 25,000. This loan is meant to help meet various personal needs.
Loan Amount: Up to Rs 25 lakh
Tenure: Up to 5 years
Processing Fee: Up to 3% of loan amount

Also read: Best Personal Loan Status

Get a Federal Bank Personal Loan Online at Low Interest Rates

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For Fed Premia Personal Loan

To be eligible for Federal Bank's Digital Personal Loans, applicants should meet the following criteria:

Maximum age of 60 years at the time of loan maturity.
Minimum monthly salary of Rs 25,000.
Minimum total work experience of 3 years in the current job.

For Federal Bank Digital Personal Loan

Age- 21 years to 55 years
Job profile- Salaried

Federal Bank may also take into account the credit scores of its personal loan applicants, similar to the approach adopted by other lenders when assessing their eligibility for personal loans.

Also read: Best Personal Loan Eligibility

Apply for Federal Bank Personal Loan with Quick Disbursal

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The following documents are common for all individuals applying for a personal loan from Federal Bank:

For FedPremia Personal Loan

Income Documents

1. Duly filled application form with signatures. 2. Salary account statements for the last 6 months. 3. Salary slips or salary certificate for the past 3 months. 4. Form 16 or Income Tax Returns (ITR) for the last 2 years.

KYC Documents

1. ID Proof (Passport/Voter ID/PAN Card/Driving License) 2. Copy of PAN Card 3. Address Proof (Passport/Ration Card/Lease Agreement/Electricity Bill) 4. Two passport-size photographs of the applicant

For Federal Bank Digital Personal Loan

1. Aadhaar Card and PAN Card. 2. Mobile number linked to Aadhaar to receive OTP. 3. Salary account statements for the last 3 months in PDF format or accessible through net banking.

Also Read: Best Personal Loan Documents Required

EMI Calculator

Also read: Best Personal Loan EMI Calculator

Apply for Federal Bank Personal Loan with Quick Disbursal

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1. How to apply personal loan in Federal Bank?

Applying for a Federal Personal Loan is convenient and can be done through various channels. Individuals can choose from the following options:

1. Online Application:

Visit the official website of Federal Bank.
Navigate to the Digital Personal Loan section.
Click on "Apply Online" to fill out the application form.

2. Branch Visit:

Interested individuals can visit any Federal Bank branch for assistance and application submission.

3. Enquiry Form:

Alternatively, individuals can provide their contact details in the enquiry form available on the official website, and the bank will get in touch with them for further assistance in the loan application process.

2. How to check Federal Bank Personal Loan eligibility?

To find out if you qualify for a personal loan from Federal Bank, you can easily check the eligibility criteria on their official website of Federal Bank.

Also read: Best Personal Loan Balance Transfer

3. How to close Federal Bank personal loan online?

If you've availed a Federal Bank Personal Loan against deposits via FedMobile, you can conveniently request loan closure through the same platform. However, for other types of loans, borrowers need to visit a Federal Bank branch to complete the loan closure process.

4. What is the minimum salary for personal loan in Federal Bank?

Federal Bank extends its Personal Loan facility to individuals with a minimum monthly income of Rs 25,000 and above. It's important to note that these personal loans are exclusively available to salaried individuals.

Also read: Best Personal Loan Salaried Employees

5. Can I get an instant personal loan from Federal Bank?

Federal Bank provides the convenience of its Pre-approved BYOM Personal Loan for existing customers, allowing them to access instant disbursal without the need for additional documentation. Moreover, the bank extends Digital Personal Loans with instant approval, a paperless documentation process, and rapid disbursal. This service is available to both existing and new customers, with eligibility determined based on factors such as income, credit score, and existing financial commitments.

Federal Bank Personal Loan

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