Bank
Federal Bank Personal Loan 2026
Interest rate, eligibility, documents & fees
- Interest Rate
- 11%–22%
- Loan Amount
- Up to ₹25 lakh
- Tenure
- 6–60 mo
Federal Bank Personal Loan — Key Details
Last reviewed August 2026
- Interest rate
- 11% – 22% p.a.
- Loan amount
- ₹50,000 – ₹25 lakh
- Tenure
- 6 – 60 months
- Processing fee
- 0.5%–1%
- Minimum CIBIL score
- 680+
- Minimum monthly income
- ₹20,000
- Age
- 21 – 60 years
- Employment type
- Salaried, Self-Employed
Federal Bank Personal Loan EMI
Monthly EMI at the starting rate of 11% p.a. Your rate may be higher.
| Loan amount | 12 months | 24 months | 36 months | 60 months |
|---|---|---|---|---|
| ₹1,00,000 | ₹8,838 | ₹4,661 | ₹3,274 | ₹2,174 |
| ₹3,00,000 | ₹26,514 | ₹13,982 | ₹9,822 | ₹6,523 |
| ₹5,00,000 | ₹44,191 | ₹23,304 | ₹16,369 | ₹10,871 |
| ₹10,00,000 | ₹88,382 | ₹46,608 | ₹32,739 | ₹21,742 |
Federal Bank Personal Loan Eligibility
- Age 21–60 years
- Monthly income ≥ ₹20,000
- CIBIL ≥ 680
- South India customers preferred
Documents Required for Federal Bank Personal Loan
Salaried
- PAN Card
- Aadhaar Card
- Salary slips (3 months)
- Bank statements (3 months)
Self-Employed
- PAN Card
- Aadhaar Card
- ITR (2 years)
- Bank statements
Pros & Cons
Advantages
- Very low processing fee (0.5%–1%)
- Excellent service for South India
- Competitive rates
- Good digital banking
Watch out for
- Smaller national footprint
- Max loan amount limited to ₹25L
- Processing can take 3–5 days
How to Apply for a Federal Bank Personal Loan
Federal Bank's own application process
- 1Visit Federal Bank website or FedMobile app
- 2Apply for personal loan online
- 3Submit KYC and income documents
- 4Await approval (3–5 working days)
- 5Disbursement post agreement signing
Not sure Federal Bank is right for you? Compare offers from RateCut's lending partners first.
Compare OffersFederal Bank Personal Loan — FAQs
What is the Federal Bank personal loan interest rate?
Federal Bank personal loan interest rates range from 11% to 22% p.a. (last reviewed August 2026). The rate you get depends on your credit score, income, employer and loan amount.
What is the minimum salary for a Federal Bank personal loan?
Federal Bank requires a minimum monthly income of about ₹20,000. It lends to: Salaried, Self-Employed.
What is the processing fee for a Federal Bank personal loan?
Federal Bank charges a processing fee of 0.5%–1%, plus 18% GST. It is usually deducted from the loan amount at disbursal.
What CIBIL score is needed for a Federal Bank personal loan?
Federal Bank generally looks for a CIBIL score of 680 or more. A score of 750+ improves your chances of getting a lower rate.
How long does Federal Bank take to disburse a personal loan?
As per Federal Bank's stated process: Disbursement post agreement signing. Existing customers with pre-approved offers are usually faster.
Is Federal Bank regulated by the RBI?
Yes. Federal Bank is a private sector bank regulated by the Reserve Bank of India.
Compare Federal Bank with other lenders
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Figures last reviewed August 2026 and shown for information only. Interest rates, fees and eligibility are set by each lender and depend on your credit profile — confirm the final terms in the lender's Key Fact Statement before you sign. RateCut is a loan marketplace, not a lender.