Federal Bank Personal Loan Overview
The federal bank provided personal loans to salaried individuals to meet all unplanned emergencies like weddings, medical, house maintenance, etc. for loan amounts up to Rs.25 Lakh at a starting interest rate of 10.49% p.a. Federal Bank Personal Loan Important Highlights · Borrower can avail of the loan amount up to Rs.25 lakhs from Bank of Baroda. · Maximum loan repayment tenure is 4 years or 48 months. · Federalbank personal loan interest rates may vary from 10.49% to 17.99% per annum. · Processing fee is up to 3% of the loan amount. · Minimum monthly income required to avail loan from Bank of Baroda is Rs.25000. · Late payment charges or penalty is 2% per month. · Foreclosure or prepayment charges- floating rate sc...