A few months ago, I required some funds, and I planned to opt for a personal loan. I had an account in the Federal Bank, and I thought it would be easier to get a loan from this bank. So, I called the customer support of the bank and asked for the details of their personal loan, such as Federal Bank BYOM personal loan interest rate.
How Much is the Federal Bank BYOM Loan Interest Rate?
From the customer support, I learned that the personal loans range from 11.99% to 17.99% per annum. I also learned that the interest rate is fixed for the whole tenure. Apart from that, there are a few other details that I had learned. I have added those below.
Loan Amount | Rs. 50,000 to Rs. 5 Lakhs |
Processing Fee | 2% of the loan amount + GST |
Pre-closure Charges | 3% of the outstanding balance + GST |
Repayment Tenure | 1 to 5 years |
The support person also told me that the maximum age should be 60 years at the time of loan maturity, and I should have a monthly income of Rs. 25,000. And that’s about it.
Get Personal Loan Up to 10 Lakhs Instantly through NB InstaCash
Read More
How to Get Personal Loan From Federal Bank?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
What is Federal Bank BYOM Personal Loan Interest Rate?
Rakesh
303 Views
1
11 months
2025-01-31T09:16:27+00:00 2025-01-31T09:16:28+00:00Comment
Share