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If you need a personal loan for education, wedding expenses, house renovation, foreign vacation, medical cost, and any financial emergency. Federal Bank provides loans to both salaried and self-employed candidate. The criteria to apply for personal loans are simple the user just needs to fit in these points.
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If you need a personal loan for education, wedding expenses, house renovation, foreign vacation, medical cost, and any financial emergency. Federal Bank provides loans to both salaried and self-employed candidate. The criteria to apply for personal loans are simple the user just needs to fit in these points. For Salaried Individuals: Minimum Age: 23 years; Maximum Age: 58 years, at the time of loan maturity
For Self-employed Individuals: • The business must have been in existence for a minimum period of 3 years • The company’s profit after tax (PAT) for the last two years should be positive • Minimum Age: 28 years; Maximum Age: 68 years, at the time of loan maturity
Some latest update in federal bank. • Federal Bank has recently launched a new service, ‘Be Your Own Master’ (BYOM). The aim is to help the current loan customers. Using this service, customers can get a pre-approved personal loan in a single-click based on their eligibility.
Kerala based Federal Bank has upgraded its mobile banking application with latest features. you can now open term deposits, recurring deposits, and tax-saving deposits via mobile banking app. The updated version also includes the facility such as hotel and bus booking and digital payments for various utilities including insurance, mutual funds, donations, etc. It can be used by both resident and NRI customers of the bank. • Federal Bank has launched Digital Personal Loans for the customer to get an instant personal loan with less paperwork. Now you can get personal loans by just log in to the website. The loan money will be credited to the account of the customer after the approval of the offer by the borrower.
Benefits of taking federal bank personal loan details are as follows: • Maximum Loan amount of Rs.25 Lakh The user can get a maximum loan of Rs.25 lakh depending on the salary of the individual. For self-employed users, it depends upon the profit rate. • Maximum Tenure of 48 Months The borrower can choose the tenure according to their convenience. Federal bank offers minimum tenure of 48 months.
Attractive rate of interest The federal bank provides personal loans at an interest of 11.99% to 18.00%. • Faster processing After all the formalities and submission of the required documents, the loan amount is credited to the borrowers account instantly. • Minimal paperwork If the candidate is eligible for the federal bank personal loan details or documents required for the process is less.
Online advice on personal loans Wishfin is an online financial marketplace which provides the best personal loan schemes. At Wishfin we compare the interest rate of personal loans provided by different AMC’s and get the best for you. You just need to follow the steps. • Go to www.wishfin.com • Go to ‘Register’. • Enter your Mobile Number • Click on ‘Get started’. • Mention your name, email id, and city you currently live in. • Create a password taking a cue from the instructions shown on the page.
Your account will be created after entering a few more details. After Login into your Account: • Go to ‘loans’. • Click on the ‘personal loan’ option. • Check your eligibility by entering the amount you can pay for each month.
