Federal Bank Personal Loan: Interest Rates, Eligibility Criteria.

Federal Bank Personal Loan Interest Rates Eligibility and Application image by Bravima Solution

Federal Bank, one of India’s leading private sector banks, offers personal loans with attractive interest rates and minimal documentation. Whether you need funds for medical emergencies, education expenses, home renovations, or debt consolidation, Federal Bank personal loans provide quick and hassle-free financial assistance.

Bravima Solution Pvt Ltd, in collaboration with reputed NBFCs and financial institutions like Federal Bank, offers a streamlined process to apply for personal loans. Borrowers can avail of loans with competitive interest rates, flexible repayment options, and customized loan amounts.

Key Features of Federal Bank Personal Loan

Here are the notable features of Federal Bank’s personal loan offerings:

Loan Amount: Borrow amounts ranging from ₹50,000 to ₹5 lakh, catering to both small and large financial requirements.
Interest Rates: Competitive rates starting from 12.00% p.a. and going up to 22.50% p.a., depending on the applicant’s credit profile.
Flexible Tenure: Repayment periods range from 12 to 48 months, allowing borrowers to choose a tenure that fits their repayment capacity.
Processing Fee: A nominal processing fee of 1.5% to 2.5% of the loan amount is applicable.
Zero Prepayment Charges: Federal Bank does not charge prepayment or foreclosure fees, enabling borrowers to close their loans early without incurring additional costs.

Federal Bank Personal Loan Interest Rates and Charges

Here’s a detailed breakdown of Federal Bank’s personal loan charges:

Particulars	Details
Interest Rate	12.00% p.a. to 22.50% p.a.
Loan Amount	₹50,000 to ₹5,00,000
Loan Tenure	12 to 48 months
Processing Fee	1.5% to 2.5% of loan amount
Prepayment/Foreclosure Fee	Nil
Late Payment Charges	Applicable as per bank policy

Eligibility Criteria for Federal Bank Personal Loan

To apply for a Federal Bank personal loan, applicants must fulfill the following eligibility conditions:

Age: Applicants must be between 21 to 55 years.
Employment: Salaried and self-employed individuals are eligible to apply.
Income Requirements: The applicant should have a stable monthly income.
Credit Score: A minimum CIBIL score of 700 is preferred for quick approval.
Residency: Applicants must be resident Indian citizens.

Documents Required for Federal Bank Personal Loan

Here’s a list of documents required to apply for a Federal Bank personal loan:

Identity Proof: PAN Card, Passport, Aadhar Card, or Voter ID.
Address Proof: Aadhar Card, Utility Bills, or Passport.
Income Proof: Recent salary slips, bank statements, or Form 16.
Passport-size Photograph: Recent colored photographs.

Benefits of Availing Federal Bank Personal Loan via Bravima Solution Pvt Ltd

Quick Loan Approval and Disbursal: Enjoy faster loan approval and disbursal with minimal paperwork.
Customized Loan Amounts: Borrow between ₹50,000 and ₹5 lakh depending on your financial requirements.
Zero Hidden Charges: Transparent loan terms with no hidden fees.
Expert Assistance: Get personalized assistance and guidance throughout the loan application process.
Flexible Repayment Options: Repay the loan comfortably with flexible tenures ranging from 12 to 48 months.

Why Choose Bravima Solution Pvt Ltd?

Bravima Solution Pvt Ltd collaborates with multiple NBFCs and financial institutions, including Federal Bank, to offer easy and quick loan solutions to borrowers. By applying through Bravima Solution, applicants enjoy the following benefits:

Hassle-free Application Process: Apply for loans with minimal paperwork and quick approvals.
Competitive Interest Rates: Get loans at affordable interest rates suited to your financial needs.
Expert Guidance: Our team provides end-to-end assistance to ensure a smooth borrowing experience.

Customer Support and Helpline

For any queries or assistance, applicants can contact Federal Bank’s customer support or get personalized assistance from Bravima Solution Pvt Ltd.

Bravima Solution Support:
- Email: [email protected]
- Helpline: +91-76689 42754
Federal Bank Support:
- Toll-Free Number: 1800-425-1199 / 1800-420-1199
- Email: [email protected]

CLICK HERE TO APPLY FEDERAL BANK PERSONAL LOAN WITH THE HELP OF BRAVIMA SOLUTION

FAQs About Federal Bank Personal Loan

Q1: What is the minimum income required for a Federal Bank personal loan?
A: Applicants should have a stable monthly income of at least ₹25,000 for salaried individuals.

Q2: Can I prepay my Federal Bank personal loan before the tenure ends?
A: Yes, Federal Bank allows prepayment or foreclosure without any additional charges.

Q3: How long does it take for Federal Bank to approve and disburse a personal loan?
A: Loan approval and disbursal typically take 24 to 48 hours after document verification.

Q4: Can I apply for a Federal Bank personal loan online through Bravima Solution?
A: Yes, you can apply for a Federal Bank personal loan online through Bravima Solution Pvt Ltd.