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Compare Federal Bank Education Loan

Federal Bank Education Loan

Federal Bank | Education Loan

Interest rates on Education Loans are floating, and vary with the changes in MCLR.

Annual Percentage Rate (APR): 10.90% - 15.30%

Minimum & Maximum period for repayment (Loan Tenure): 7 years

Loan processing charges: 0.50% of the loan amount

Late Payment: Nil

Foreclosure Charges: 2% will be charged on the overdue amount 30 days after the due date.

Partpayment Charges: N/A

Maximum Loan Amount: upto 20 lakh

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Federal Bank Profile

Sector : Finance
Industry : Regional Banks

EMI Calculator

Loan EMI

\u20b9 1,24,797

Total Interest Payable

\u20b9 34,90,279

Total of Payments
(Principal + Interest)

\u20b9 59,90,279

Personal Loan
What is Personal Loan?

A Personal Loan is a form of unsecured loan availed by individuals on the basis of specific criteria, such as level of income, employment history, credit score, and scope for repayment.

The loan is usually taken for the fulfillment of personal needs from a banking institution or a non-banking financial company (NBFC). Borrowers can use online tools available at neutral financial websites, such as the Personal Loan EMI Calculator, to assess the interest payout throughout the tenure before applying for a personal loan.

Federal Bank Loan Interest Rates

Federal Bank ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Education Loan 10.90% - 15.30% upto 20 lakh 7 years 0.50% of the loan amount Nil 2% will be charged on the overdue amount 30 days after the due date. N/A
Car Loan 9.20% 100% of ex-showroom price upto 84 months Rs 1500 to Rs 2500 Nil N/A N/A
Home Loan 8.75% 15 cr 30 years upto 1% of loan amount Nil if floating, upto 2% for fixed rate 2% additional interest per month on overdue EMI amount N/A
Please Note*: The figures provided in the table above are indicative only and are subject to change from time to time.

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