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F
Federal Bank
Partner SitePrivate Sector Bank
🏛 RBI Licensed BankFederal Bank is a strong option for NRI and South India–based applicants, with digital sanction letters issued same-day.
10.99%–19%
Interest Rate
per annum
₹25.0L
Max Loan
available
24-48 hours
Disbursal
after approval
Up to 2%
Processing Fee
of loan amt
80% approval rate · Priya from Mumbai applied 7 min ago
4.2 (2,847 reviews)
Federal Bank
10.99% p.a.·EMI ₹24,242/mo
No CIBIL impact · Takes 2 min
Key Features
Digital sanction letter
No collateral
NRI applicant support
FedMobile tracking
Eligibility Criteria
Age 21–60 years
Min salary ₹20,000/month
CIBIL score 700+
1 year employment
CIBIL Impact Estimator
Inquiry type:1 Potential Hard Inquiry (via redirect)
Applying with Federal Bank will trigger a credit pull. Your CIBIL score may dip by 3–7 points temporarily.
Estimated score after inquiry
~750 (current)~743–747 (after inquiry)
✅ Scores typically recover in 3–6 months after first EMI is paid. Multiple applications in 30 days may have cumulative impact.
Protect Your Loan
OptionalLoan Shield covers ₹6.0L in case of job loss, disability, or critical illness. Your family stays protected.
Job loss cover for 6 EMIsCritical illness protectionDisability waiverNo medical check-up
F
Federal Bank
Private Sector Bank
10.99%
from p.a.
Your Monthly EMI
₹24,242
for ₹5.0L over 24 months
₹81,811
Total Interest
Up to 2%
Processing Fee
24-48 hours
Disbursal
80%
Approval Rate
🔥Priya from Mumbai applied 7 min ago
Proceed to Federal Bank No impact on your CIBIL score
256-bit SSL · Data never shared
RBI registered lender
EMI Breakdown
Loan Amount₹5.0L
Tenure24 months
Interest Rate (avg)15.0% p.a.
Principal
₹5,00,000Total Interest
₹81,811Total Payable₹5,81,811