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.
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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.
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What is Federal Bank BYOM Personal Loan Interest Rate?
Rakesh
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27 days
2025-01-31T09:16:27+00:00 2025-01-31T09:16:28+00:00Comment
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