Private Sector BankSalaried Employeesunsecured

Federal Bank Fed-Personal Loan

फेडरल बैंक फेड-पर्सनल लोन

Federal Bank personal loan for salaried professionals up to ₹25 Lakhs.

Max Loan Amount

₹50,000 to ₹25,00,000

Interest Rate

11.49% - 16.50% p.a. (floating RLLR-linked)

Tenure

12 to 60 months

Processing Fee

1.00% to 2.00% of loan amount + GST (Min ₹1,000)

✦ What It Is: Product Architecture & Regulatory Scope

Federal Bank's premier retail personal credit facility designed for confirmed salaried professionals and business executives.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• Employer salary mandate or standing instruction required. • Minimum 1 year confirmed service in current organization. • Broken period interest charged from disbursement date to first EMI cycle.

✦ Key Benefits & Features

• High loan quantum up to ₹25 Lakhs without any third-party guarantor • Fast digital processing through FedMobile mobile app • Repayment tenure up to 5 years (60 months) • Transparent Repo-linked pricing structure.

✦ Prepayment, Part-Payment & Foreclosure Rules

Part-payment/foreclosure permitted after 6 months; 2% to 3% fee applies.

✦ Eligibility Requirements

Confirmed permanent employees of reputed private companies, MNCs, and PSUs. Min Age: 21, Max Age: 60. Min Net Monthly Salary: ₹25,000. Min CIBIL: 720.

Min Age21 Years

Max Age60 Years

Min Monthly Income₹25,000

Min CIBIL Score720+

✦ Documents Required

• Identity & Address: PAN Card, Aadhaar Card • Employment Proof: Employee ID Card, appointment letter • Financial Proof: Last 3 months payslips, latest Form 16 • Banking: Last 6 months bank statement showing salary credits.

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Open FedMobile App > Loans > Personal Loan. Select amount and e-sign.

Pathway B

New Online Applicant (Fresh Digital)

1. Visit federalbank.co.in > Personal Loans. Submit online application and upload payslips.

Pathway C

Branch Walk-In Application

1. Visit home Federal Bank branch with 3 months payslips, Form 16, and bank statements.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (Federal Bank Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on Federal Bank Fed-Personal Loan

What is the maximum loan limit in Federal Bank?

Up to ₹25 Lakhs or 20 times net monthly salary, whichever is lower.

Can I prepay the loan after 6 months?

Yes, part-prepayment or foreclosure is allowed after 6 months with nominal charges.

What is the minimum income needed?

A minimum net monthly salary of ₹25,000.