Federal Bank Self Employed Personal loan

For all the self-employed folks working hard to run their businesses and chase their dreams, Federal Bank has something special for you. They know it's only sometimes smooth sailing when you're your boss, so they've come up with personal loans for people like you. These loans are like a helping hand, giving you a boost when you need to invest more in your family or get through tough times. Federal Bank is all about backing up the dreamers and doers, ensuring you've got the cash flow to build your dreams and keep your business moving forward.

Federal Bank Personal Loan for Self Employed- Highlights

Federal Bank Personal Loan for Self Employed- Fees and Charges

Compare Federal Bank Self Employed Loan from other Banks

Federal Bank Personal Loan for Self Employed – Documents Required

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

• KYC (ID and address proof)
• Income proof (salary slips, bank statements)

Federal Bank Personal Loan for Self Employed – Eligibility Criteria 

Here are the eligibility criteria to get a Federal bank self-employed personal loan:

FedPremia Personal Loans

• Self Employed individuals with a minimum monthly income of Rs. 25,000.
• Age, employment stability, income level, and credit score.

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

• Self-employed 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.
• Direct eligibility is only possible with a personal income. Joint applications or leveraging a spouse’s income (if the bank allows) could be potential pathways.