Federal Bank Housewife Personal loan

In every family, homemakers hold a special place, taking care of everything from daily chores to managing the budget and planning for the future. Federal Bank recognises how important homemakers are in keeping families happy and secure. That's why they've introduced personal loan options designed to empower them. These loans aren't just about money; they're about giving homemakers the power to make big decisions, manage emergencies, or help achieve the family's dreams. Federal Bank is here to help homemakers in their journey, offering them a financial hand when needed. This way, homemakers can contribute even more to their families, making their homes stronger and their futures brighter.

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Table of Content

1. Federal Bank Personal Loan for Housewife- Highlights

2. Federal Bank Personal Loan for Housewife- Fees and Charges

3. Compare Federal Bank Housewife Loan from other Banks

4. Federal Bank Personal Loan for Housewife Documents Required

5. Federal Bank Personal Loan for Housewife Eligibility Criteria

Written By

Kirti Bansal

Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Federal Bank Personal Loan for Housewife- Highlights

Feature	FedPremia Personal Loans	Pre-Approved Personal Loans	Digital Personal Loans
Who Are Eligible?	Salaried individuals with min. salary Rs. 25,000	Pre-selected based on banking relationship	Salaried individuals aged 21 to 55 years
Maximum Loan Amount	Up to Rs. 25 Lakh	Up to Rs. 7.5 Lacs	Rs. 50,000 to Rs. 500,000
Loan Tenure	Up to 60 months	12 to 48 months	12 to 60 months
Upfront Fee	Varies; Contact bank	Varies; Contact bank	Varies; Contact bank
Collateral/Security	None required	None required	None required

Federal Bank Personal Loan for Housewife- Fees and Charges

Loan Type	Interest Rates	Processing Fee	Pre-closure Charges
FedPremia Personal Loans	10.49% p.a to 17.99% p.a	2% of loan amount + GST	Varies; Contact bank
Pre-Approved Personal Loans	11.99% to 17.99%	2% of loan amount + GST	No pre-closure charges
Digital Personal Loans	11.99% to 17.49%	2% of loan amount + GST	3% of outstanding balance + GST

Compare Federal Bank Housewife Loan from other Banks

Name of Bank	Interest Rate (p.a.)
Axis Bank	10.49% onwards
IndusInd Bank	10.49% onwards
IDFC First Bank	10.75% onwards
HDFC Bank	10.50% onwards
ICICI Bank	10.65% onwards
Kotak Mahindra Bank	10.99% onwards

Federal Bank Personal Loan for Housewife – Documents Required

For a homemaker applying for a Federal Bank personal loan, documents may include:

KYC (ID and address proof)
Marriage certificate
Husband’s income proof (salary slips, bank statements)
Any joint account statements

Federal Bank Personal Loan for Housewife – Eligibility Criteria

Direct eligibility might be challenging for homemakers seeking to apply for personal loans from the Federal Bank. These products cater to salaried individuals with specific income and employment stability requirements. You can connect with our experts for more:

FedPremia Personal Loans

Salaried individuals with a minimum monthly salary of Rs. 25,000.
Age, employment stability, income level, and credit score.

A homemaker could be eligible if she has a strong financial standing within the bank, a high credit score, or if the pre-approval is based on the overall household’s banking relationship with the Federal Bank.

Pre-Approved Personal Loans (BYOM)

Customers who are pre-selected based on their banking relationship, credit history, and account activities.
Pre-approval is based on the bank’s internal criteria, which likely include credit score and account performance.

Digital Personal Loans

Salaried individuals aged 21 to 55 years, with eligibility based on credit score, income, and existing liabilities.
Proof of income through salary statements, age, and creditworthiness.
Like the FedPremia Personal Loans, direct eligibility may only be possible with a personal income. Joint applications or leveraging a spouse’s income (if the bank allows) could be potential pathways.