|Interest rate||11.75% to 14.65% yearly|
|Loan Amount||Maximum: up to Rs.10 lakhs|
|Loan Tenure||Maximum: 2 Years|
|Processing Fee||Applicable GST + Up to 2.5% per year for the loan amount sanctioned|
|Age||At the time of applying for the loan, the applicant should not be above 55 years of age|
|Prepayment Charges||Rs.500/- or 0.50% of loan amount|
Availing Federal Bank Personal Loans can help you fulfill any of your dreams from funding weddings and college education to buying home appliances to renovating your house. Minimal and simple documentation along with hassle-free process will allow you to acquire a personal loan from the bank. The maximum tenure of up to six years is offered by the bank on personal loans to the customers. There is no requirement for presenting collateral or any guarantor for availing the personal loan, and the bank offers the customers with a wide range of banking products with over 1000 branches across the country.