You can take a personal loan for any of your personal expenses like marriage expenses, medical emergency, higher education, children's fees, travel etc.
Federal Bank personal loan interest rate starts from 10.49% p.a. – Loan Amount : Maximum Rs. 25 lakhs
The maximum tenure of the loan is 48 months. You can apply for this personal loan online or offline by visiting your nearest bank branch.
The minimum monthly income of a salaried person should be Rs 25,000 or more.
– The maximum age of the applicant should be 60 years at the end of the loan tenure.– Applicant should be doing current job for at least 3 years.
The EMI of the loan mainly depends on the loan amount, interest rate and loan tenure. You can check on their website
If you fulfill all the conditions of Federal Bank personal loan, then you can apply for this loan both online and offline. Information about the process of applying is given below