Federal Bank Personal Loan of 4 Lakh

Federal Bank personal loan of 4 lakh is a collateral-free credit option. I.e., you require no collateral to secure the necessary funds, making it ideal for those without assets to pledge as collateral. As it falls under the multi-purpose loan, you can use the loan amount at your own discretion. Whether you need money to renovate your home, consolidate debts, cover medical emergencies, conduct a marriage, or even make big purchases, the bank has options and resources to offer the funds on time. However, there are certain things you should be aware of before finalising your decision. These can include factors such as the Federal Bank's 4 lakh loan interest rate, applicable eligibility criteria, required documents, and other pertinent fees. Continue to scroll down to learn more. 

Personal Loan Options for 4 Lakh in Federal Bank

Here are the popular options or reasons that people opt for a Federal Bank personal loan of 4 lakh: 

• Home Improvement
• Debt Consolidation
• Medical Emergency 
• Marriage Expenses  
• Big Purchases 
• Take a Holiday

Features of Federal Bank 4 Lakh Personal Loan

Following are the applicable features of an instant 4 lakh loan from Federal Bank:

• Collateral-free credit option 
• Higher loan amount 
• Lower interest rates
• Flexible repayment 
• Quick fund disbursement

Can I Get a 4 Lakh Personal Loan Instantly From Federal Bank?

Urban Money lets you secure a 4 Lakh personal loan with instant fund disbursement. As India’s foremost fintech platform, Urban Money offers an extensive array of loan and credit products from over 50 lenders, including Federal Bank. It allows you to compare various credit options, assess your eligibility, estimate your expected monthly instalments, and choose the option that best fits your needs. Afterwards, a personal loan expert from our team will assist you through the application process until the loan amount is credited to your account. The funds are usually transferred within 24 business hours.

What Is the EMI for a 4 Lakh Loan?

Following are the 4 lakh personal loan EMI, with loan tenures ranging from 1 year to 5 years: 

Eligibility Criteria 4 Lakh Loan in Federal Bank

4 lakh personal loan eligibility in Federal Bank is as follows: 

• Age: You must be between 21 and 55 years old.
• Income: You must have a regular income source covering the loan EMI. 
• Credit Score: You must have a positive repayment history and a good credit score. 
• Nationality: You must be a citizen of India.

Documents Required 4 Lakh Federal Bank Loan

4 Lakh personal loan documents in Federal Bank are as follows:

• Proof of Identity: PAN card, Driving license, Passport, or Aadhaar card.  
• Proof of Address: Utility Bills, Ration Card, or Voter’s ID.
• Proof of Income: Salary Slip, Form 16/Income Tax Returns, or Bank Statement. 

How to Apply for a 4 Lakh Personal Loan From Urban Money

The application process for a Federal Bank personal loan of 4 lakh is outlined below:

• Visit the Urban Money website.
• Select “Personal Loan” from the “Loan” menu on the homepage.
• You’ll be redirected to a page titled “Personal Loan.”
• Scroll down to locate a list of leading banks/NBFCs in India.
• Find “Federal Bank” and click the “Apply Now” button.
• A short online form will appear on your screen.
• Fill in your name, mobile number, and city.
• You’ll receive a 6-digit OTP on your phone.
• Enter the OTP and hit the “Submit” button.
• A loan specialist from our team will contact you shortly.