Federal Bank Digital Personal Loan: Friends, if you want to take a personal loan online from home , then today in this article I will tell you about Federal Digital Personal Loan . This loan is given by Federal Bank . For those who want to take a loan from ₹ 50,000 to ₹ 5,00,000 online, this Digital Personal Loan from Federal Bank is a great option.
In this article, I will give you all the information related to Federal Bank Digital Personal Loan in Hindi and also tell the process of applying. So, if you want to take Digital Personal Loan from Federal Bank , then read this article till the end.
Federal Bank Digital Personal Loan – Overview Table
| Name of the Bank | Federal Bank |
| Loan Amount | ₹50,000 to ₹5,00,000 |
| interest rate | 11.99% to 17.49% (Fixed) |
| Loan Tenure | 12 months to 60 months |
| Application Process | 100% online through Aadhaar E-Sign |
| Processing Fees | 2% + GST |
| Pre-closure charges | 3% + GST (Outstanding Amount पर) |
Federal Bank Digital Personal Loan Details
Nowadays, many NBFC companies and banks provide online loans. One of the best options among them is Federal Bank Digital Personal Loan . This loan is given online by Federal Bank through their website.
Federal Bank offers you a Personal Loan ranging from ₹50,000 to a maximum of ₹5,00,000 , which you can repay in EMIs ranging from 12 months to 60 months .
Federal Bank Digital Personal Loan Interest Rate
To avail this personal loan from Federal Bank , you will have to pay a fixed interest rate , which can range from 11.99% to 17.49% . As you know, the interest rate depends on your CIBIL score, salary and loan amount , so you will get to know the exact interest rate of the loan at the time of the loan application process.
Apart from the interest rate , you will have to pay a one-time processing fee of 2% and GST charges at the time of taking the loan . Apart from this, if you want to pre-close the loan, you will have to pay a pre-closure charge of 3% and GST charges on the remaining outstanding amount .
Digital Personal Loan Benifits
- Its interest rate is lower compared to other online personal loans .
- Loan amount is available from ₹50,000 to ₹5,00,000.
- No documents have to be submitted manually, the entire process is completed online through Aadhaar E-Sign .
- Land papers, property papers or guarantor are not required to avail the loan .
- You get up to 5 years to repay the maximum loan .
Federal Bank Personal Loan Eligibilty
- People between 21 to 55 years of age can apply for this loan .
- Those people who are employed will be eligible for this loan .
- The maximum loan amount you can get will be decided based on your income and credit score .
- You must have all the required documents available with you.
Required Documents
Some necessary documents are required to avail Federal Bank Digital Personal Loan . You do not have to submit these documents manually, but the numbers of these documents are very important. Apart from this, you should also have some other important things. These are mentioned below, read it carefully:
- Aadhaar Card
- PAN Card
- Applicant Live Image
- Email ID
- Aadhaar Registered Mobile Number
- Income Documents (3 month Salary bank statement )
How To Apply Federal Bank Digital Personal Loan
- To apply for loan, visit the official website of Federal Bank .
- Click on Personal in the menu , then Loans , and then Personal Loan .
- All the personal loans offered by Federal Bank will be visible to you. You will see the Know More button below Digital Personal Loan , click on it.
- All the information related to the loan will appear in front of you, read it carefully and then click on the Apply Now button.
- Now a form will open in front of you, in which you will have to fill your basic details .
- Click on Request OTP . You will receive an OTP on your registered mobile number , enter it and verify it .
- If you are eligible , then in the further process you will have to fill in your details, salary, loan amount and EMI tenure and complete the KYC process .
- After this you will be given a loan by Federal Bank .
- When you select the loan amount , you will also get information about the interest rate at the same time.
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