Personal Loan
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To,TransUnion CIBIL Limited[Formerly known as Credit Information Bureau (India) Limited]One Indiabulls building ,Unit No 1901 – 1905,19th Floor, Tower 2A-2B, Jupiter Mill compound,Senapati Bapat Marg, Lower Parel, Mumbai 400 013
Sub: Grant of Consent
Dear Sirs,
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
- The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
- I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
- I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.
- I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL.
- I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company
- I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information .
- I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information from TUCL.
- By submitting this registration form, I understand that I am providing express written instructions for Wishfin to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Wishfin account. I further authorize Wishfin to retain a copy of my information for use in accordance with [Wishfin’s] Terms of Use and Privacy Policy.
- I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
- I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
- I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
Yours faithfully,
Name :____________________________Address : ____________________________Date : ____________________________
Known as a major Indian commercial bank in the private sector, Federal Bank is no doubt a renowned on which you can trust. Over the years, this bank with its commitment and quality services has served millions of people. With its best of banking products and services, this bank is known for fulfilling the different needs of people. Moreover, among its many products, personal loan is undoubtedly considered as best in fulfilling all your personal requirements.
Yes, no matter what your personal financial needs are- such as whether its your child’s higher education, a foreign trip with family or home renovation, you can easily avail personal loan, and meet all your personal needs. However, if you are a first time personal loan buyer, and looking for the information regarding it, don’t worry. Read this article further to know about the personal loan details offered by Federal Bank.
Federal Bank Personal Loan Interest Rates
Eligibility Criteria
To avail the personal loan in Federal Bank, you need to fit into the below eligibility criteria.
- Minimum age of the applicant should be 21 years
- Maximum age of the applicant should be 55 years
- Salaried individuals with minimum monthly salary of ₹50,000
Federal Bank Personal Loan EMI Calculator
Suppose, Rakesh Jain wants to avail a loan of ₹5,00,000 Lakh. Federal Bank is ready to offer him the said loan amount at an interest rate of 14% per annum for a tenure of 4 years. So, let’s find out his EMIs, Interest Outgo and Total Amount payable via using the EMI Calculator.
Just take a look at the below table to know the calculations of the same.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Year | Principal | Interest | Balance Amount |
---|
1 | ₹ 1,00,228 | ₹ 63,730 | ₹ 3,99,771 |
2 | ₹ 1,15,196 | ₹ 48,762 | ₹ 2,84,574 |
3 | ₹ 1,32,400 | ₹ 31,558 | ₹ 1,52,173 |
4 | ₹ 1,52,331 | ₹ 11,785 | ₹ 0 |
Documentation Required for Federal Bank Personal Loan
Next, thing on which you need to pay attention is the documentation required to get the personal loan in this bank.
- Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
- Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport)
- Copy of PAN Card
- Latest Passport size photo of the applicant (2 copies)
- Latest salary certificate/Last 3 months salary slips
- Form 16/Income Tax Returns( last 2 years)
- Last 6 months salary account statement
- Loan application form duly signed
Federal Bank Personal Loan Application
When it comes to your personal loan application, you can either apply online or visit the bank branch in person for the same. Whether you are applying online or offline, the first step is to fill an application form as without filling and submitting the same, you won’t get the loan. It is mandatory to submit your loan application with the required application form as it makes the process smooth and hassle-free for both the parties.
Federal Bank Personal Loan Customer Care
If you are someone who is having any sort of trouble, query or confusion regarding the Federal Bank personal loan, all you need to do is just dial a toll free-pan number-1800-425-1199 either from your mobile or landline. The customer care executives with their best of knowledge, experience and skills try to solve all your problems in the best way. These professionals with their friendly nature give you the best advice so that you can enjoy a hassle-free loan journey in the future. No matter how complicated your problem is, these experts are always there for you, 24×7.
Features and Benefits
- Attractive interest rates
- No Guarantor/ surety required
- Flexible repayment options
- Loans available for various needs
- Minimal Paperwork
- Quick processing & Disbursal
- Enjoy the convenience of doorstep service