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Federal Bank Personal Loan

(Updated on 08.05.2019) Federal Bank Personal Loan EMI Calculator May 2019 : Get Instant Quick & Easy Approval on Federal Bank Personal Loan. Loansninsurances.com provide a simple tool to calculate your Personal Loan EMI on the basis of ✓Interest Rate ✓Loan Tenure ✓Processing Fee ✓Eligibility ✓ Best Offers & more.

Federal Bank is a leading private sector commercial bank that has placed itself as prime lender of personal loan to consumers.

Federal Bank Personal Loan – QUICK, EASY & INSTANT APPROVAL ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
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Federal Bank Personal Loan

Federal Bank Personal Loans also known as ‘Fred Premia Personal Loans’ are hassle free personal loans for salaried individuals with minimum monthly salary of Rs.50,000/-. FedPremia Personal Loans are offered at select locations – Bangalore, Chennai, New Delhi & NCR, Mumbai, Pune, Thiruvanathapuram & Kochi & at an attractive interest rates, minimum documentation and faster processing. Know your personal loan eligibility with FedPremia Personal Loan Eligibility Calculator and get the affordable loan for your varied financial requirements during monetary emergencies.

Federal Bank has varied Federal Housing Loan Schemes to cater to the requirements of each & every individual to get their desired house/flat.

Federal Bank Personal Loan Interest Rate

Interest Rate 13.44% to 14.24%
Processing fee range 0.50% of loan amount or minimum Rs. 500/
Loan Amount Max. Rs. 10 lakhs
Tenure 48 months

Federal Bank Personal Loan EMI Calculator

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 Eligibility

  • Resident individuals with monthly salary Rs.50,000/- and above

  • Maximum age – 55 yrs

  • Number of years in the present Job* – 3 years

  • Individuals employed in the select cities.

  • Other terms & conditions are also applicable

Federal Bank Personal Loan Documents Required

  • Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)

  • Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport)

  • Copy of PAN Card

  • Latest Passport size photo of the applicant (2 copies)

  • Latest salary certificate/Last 3 months salary slips

  • Form 16/Income Tax Returns( last 2 years)

  • Last 6 months salary account statement

  • Loan application form duly signed

YEARLY CALCULATED VALUES FOR PERSONAL LOAN AMOUNT OF RS. 3,50,000 @INTEREST RATE OF 15.32% FOR 3 YEARS

Year/Month Principal Amount (INR) Interest Amount (INR) Total Payment (INR) Outstanding Amount (INR) How much % loan paid
         
2014 7,719 4,468 12,188 3,42,281 2.21%
December 77,195 44,683 1,21,878 34,22,805 2.21%
           
2015 1,00,692 45,561 1,46,253 2,41,589 30.97%
January 7,818 4,370 12,188 3,34,463 4.44%
February 7,918 4,270 12,188 3,26,545 6.70%
March 8,019 4,169 12,188 3,18,526 8.99%
April 8,121 4,067 12,188 3,10,405 11.31%
May 8,225 3,963 12,188 3,02,180 13.66%
June 8,330 3,858 12,188 2,93,850 16.04%
July 8,436 3,751 12,188 2,85,413 18.45%
August 8,544 3,644 12,188 2,76,869 20.89%
September 8,653 3,535 12,188 2,68,216 23.37%
October 8,764 3,424 12,188 2,59,453 25.87%
November 8,875 3,312 12,188 2,50,577 28.41%
December 8,989 3,199 12,188 2,41,589 30.97%
           
2016 1,17,249 29,005 1,46,253 1,24,340 64.47%
January 9,104 3,084 12,188 2,32,485 33.58%
February 9,220 2,968 12,188 2,23,265 36.21%
March 9,337 2,850 12,188 2,13,928 38.88%
April 9,457 2,731 12,188 2,04,471 41.58%
May 9,577 2,610 12,188 1,94,894 44.32%
June 9,700 2,488 12,188 1,85,194 47.09%
July 9,823 2,364 12,188 1,75,371 49.89%
August 9,949 2,239 12,188 1,65,422 52.74%
September 10,076 2,112 12,188 1,55,346 55.62%
October 10,205 1,983 12,188 1,45,141 58.53%
November 10,335 1,853 12,188 1,34,807 61.48%
December 10,467 1,721 12,188 1,24,340 64.47%
           
2017 1,24,340 9,726 1,34,066 0 100%
January 10,600 1,587 12,188 1,13,739 67.50%
February 10,736 1,452 12,188 1,03,004 70.57%
March 10,873 1,315 12,188 92,131 73.68%
April 11,012 1,176 12,188 81,119 76.82%
May 11,152 1,036 12,188 69,967 80.01%
June 11,295 893 12,188 58,673 83.24%
July 11,439 749 12,188 47,234 86.50%
August 11,585 603 12,188 35,649 89.81%
September 11,733 455 12,188 23,917 93.17%
October 11,882 305 12,188 12,034 96.56%
November 12,034 154 12,188 0 100.00%

Benefits of Personal Loan offered by Federal Bank

✓ Speedy and fast processing

✓ Sanction of loan against bank deposits, LIC Insurance policy, NSC, KVP, IVP, Govt. & RBI Non-cumulative bonds, Govt. & RBI cumulative bonds etc

✓ Competitive interest rates

✓ Simple Documentation

✓ Supported by over 1000 branches

✓ Borrower is free to use loan amount for any personal and legal needs

Federal Bank Personal Loan Repayment options

Any one of the following methods can be used to repay the loan:

  • Standing instruction registration at your branch

  • FedNet – Internet Banking solution

  • Automated Payment through ECS (Electronic Clearing service)

  • Fed Mobile– Mobile Banking App

  • Less Pre-Payment charges

Latest News on Federal Bank

1) Federal Bank may acquire Madura Microfinance soon. The acquisition will cost Federal Bank around Rs. 720-Rs. 750 crore. It is going to help Federal Bank venture into microfinance and grow its priority sector loans. The deal is expected to be partly in Share-swap, and partly in Cash for the micro lender backed by private equity firm Elevar Equity Mauritius.

Other Private sector Banks had in past acquired Micro Finance Institutions (MFI). IndusInd Bank had acquired the MFI Bharat Financial Inclusion, Kotak Mahindra Bank took over Bengaluru based – BSS Microfinance, and IDFC Bank acquired Tamil based- Grama Vidiyal Microfinance.