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Federal Bank Personal Loan EMI Calculator December 2018

(Updated on 04.12.2018) Federal Bank Personal Loan EMI Calculator December 2018 – Personal Loan is one of the many loans which you can avail from any bank. Personal loans can be utilized for any immediate personal financial requirement, mainly for purposes like debt consolidation, funding unexpected expenses, for small home improvement projects, daughter’s marriage, funding holiday trip and lots more. Personal loans are usually unsecured loans, that is, no collateral is required to avail this loan.

Personal loan amount depends on your income flow, repayment capacity, credit history and also on nature of job or business. If you have a better credit score and higher income, then, you can borrow more amount from the bank. Usually, personal loans come at higher rate of interest with long tenure with minimum processing fee and prepayment charges. Federal Bank Personal Loan, commonly known as FedPremia , is one of the best personal loan in the banking sector which is tailor-made to meet all genuine personal financial requirements at any point of time in your life.

GET INSTANT PERSONAL LOAN QUOTES ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

Federal Bank Personal Loan features

  • Attractive interest rate in the range of 11.75% to 14.65%.

  • Maximum personal Loan amount of Rs. 10 lakhs.

  • Longer loan tenure of 48 months.

  • Individuals having monthly salary Rs.50,000/- and above can avail this one.

  • The maximum age of the individual to apply should not be above 55 years.

  • Minimum processing fee of 0.50% of the loan amount.

How to use Personal Loan EMI calculator

Federal Bank personal loan EMI calculator is the easy tool to use. Personal Loan EMI calculator helps you to assess whether you will be able to repay back your loan amount or not. You just need to enter the desired personal loan amount, the loan tenure in months, and the interest rate (current interest rates). The EMI calculator will automatically calculate your total payable amount of the loan taken including interest rates, your monthly payment and also the total payable interest. Steps to follow:

Step 1: Enter the loan amount. For e.g. Rs. 1,00,000/-

Step 2: Enter the interest rate (current interest rate). For e.g.: 11.75%

Step 3: Enter the loan tenure in months, i.e. for how many months you want to avail the loan. For e.g. 48 months.

The moment you click the ‘calculate’ button you will get all the details at one place. You will come to know your monthly EMI, total amount with interest, flat interest rate per annum, flat interest rate per month, total interest amount and Yearly interest amount. This will help you to take the right decision at right point of time to avail a perfect and comfortable personal.

What is Personal Loan EMI?

EMI is the short form of ‘Equated Monthly Installment’. EMI is the total amount which is payable per month at the bank on the loan amount availed by you. EMI is payable every month untill unless you fully repay your loan amount. EMI is consists of a portion of the principal loan amount and the interest due on the loan. EMI depends on the principal loan amount, personal loan interest rate and tenure of personal loan.

Federal Bank Personal Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Personal loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Federal Bank Personal Loan EMI Calculator- EMI Chart

Federal Bank Personal Loan at the lowest EMI of Rs. 2,621. Compare and get the preferred personal loan at your earliest.

Loan Amount(In Rs.)

Loan Tenure(In Yrs.)

Interest Rate(p.a.)

Monthly EMI(In Rs.)

Total InterestOutgo(In Rs.)

Total Amount(EMI+Interest)

1,00,000

1

11.75%

8,873

6,478

1,06,478

1,00,000

2

11.75%

4,696

12,696

1,12,696

1,00,000

3

11.75%

3,310

19,142

1,19,142

1,00,000

4

11.75%

2,621

25,814

1,25,814

Federal Bank Personal Loan FAQs

1) What is the interest rate offered by federal bank on personal loan?

Federal Bank personal loan can be availed by all borrowers at interest rates ranging in between 11.75% to 14.65%. The bank’s current MCLR (Marginal Cost of funds based Lending Rate) for one year is 9.4%.

2) What is the processing fee for federal bank personal loan?

Federal bank charges a lowest processing fee of 0.50% of the loan amount subject to minimum of Rs. 1100/-. Processing fee varies according to loan amount.

3) What is the eligibility criteria for Federal Bank Personal Loan?

Federal Bank Personal loans can be availed by salaried individuals with minimum monthly salary of Rs.50,000/-. FedPremia Personal Loans can be availed at selected locations of the country- Bangalore, Chennai, New Delhi & NCR, Mumbai, Pune, Thiruvanathapuram & Kochi.

4) What is the maximum loan amount can be availed by an individual?

The maximum personal loan amount which is offered by the bank is Rs. 10 lakhs. Loan amount depends on the individual’s repayment capacity and credit history.

5) Is there any prepayment charge for personal loan?

Federal bank charges a minimum prepayment fee on the outstanding amount. Prepayment of the loan amount is possible only after 6 EMIs from the date of loan disbursement.