Federal Bank Personal Loan in Chennai

Last Updated : Aug. 30, 2018, 12:07 p.m.

About Federal Bank Personal loan in Chennai

Federal bank is one of the oldest private sector banks in India and has products and services that have catered to the needs of the people since a long time. The bank provides a personal loan to the people who are living in Chennai. The product is known by the name FedPremia and is one of the most demanded by the customers in Chennai. The bank gives a personal loan at an attractive rate of interest and nominal processing fee. There are more than 20 Federal bank branches in the capital of Tamil Nadu. All the branches have dedicated employees who are working hard to provide the personal loan product on time to the customer.

Federal Bank Personal loan in Chennai at a glance

Take a look at key information about the product offered by Federal Bank in Chennai

Apply Personal Loan @ 10.75%* Rate

Eligibility criteria

The eligibility criteria for a Federal Bank personal loan Chennai has been given below-

• Federal bank offers a personal loan to only salaried individuals. In order to secure a personal loan from the bank, you must be a salaried employee earning a stable income
• The applicant should earn a net monthly income of at least ₹50,000.
• The maximum age of the applicant can be 55 years old
• He/she should be working in the current job for a period of at least three years
• Only applicants living in the cities selected by the bank are eligible to apply for a personal loan. The cities are Bengaluru, Chennai, New Delhi & NCR, Mumbai, Pune, Kochi and Thiruvananthapuram

Documents required for a Federal Bank Personal loan Chennai

The list of all the important documents required for a smooth disbursal of a personal loan has been given below. Check it out.

• Completely filled application form
• Proof of Identity- PAN card/ Voter ID card/ Driving license/ Passport/ Aadhar card
• Two passport size photographs
• Proof of Address- Passport/Ration card/ Telephone bill/ Electricity bill/ Water bill/Rent or Lease agreement
• Bank statement of the previous six months
• Salary slips of the last three months/ Salary certificate
• Income tax returns of the last two years/Form 16
• A copy of PAN card is very important

Do check out Personal Loan Chennai for additional details.

Address of Federal Bank branches in Chennai

The list of Federal Bank branches in Chennai has been given below with their complete addresses.