Federal Bank
A Kerala-headquartered private-sector bank with strong NRI banking and South India franchise.
About Federal Bank
Federal Bank, established in 1931 and headquartered in Aluva, Kerala, is one of India's leading old-private-sector banks. Federal has particular strength in NRI banking, Kerala and South India lending, and SME relationship banking. The bank offers the full retail and business lending suite including home loans, personal loans, LAP, gold loans, and business credit. MahadevX is empanelled with Federal Bank as a DSA partner.
Loan Products & Rates from Federal Bank
Indicative starting ranges. Your personalised offer is finalised by the lender based on your profile.
Personal Loan
Rate 11.49% – 20.0% p.a.; loan up to Rs 30,00,000; tenure up to 60 months.
Home Loan
Rate 11.49% – 20.0% p.a.; loan up to Rs 30,00,000; tenure up to 60 months.
Loan Against Property
Rate 11.49% – 20.0% p.a.; loan up to Rs 30,00,000; tenure up to 60 months.
Where Federal Bank fits best
No two lenders are right for every profile. Here is where this one stands out.
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South India borrowers (particularly Kerala) with regional relationship banking
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NRI home loans and NRI banking
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SME financing with relationship-driven underwriting
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Gold loans and secured retail credit
Why apply through MahadevX
Multiple bank comparison
One OTP-verified application; we negotiate your file with Federal Bank and 24+ other lenders and bring you the top offers. One CIBIL inquiry, not twenty-five.
Dedicated advisor
A real human runs your file from documentation pickup to lender coordination to disbursal follow-up. Reachable on call and WhatsApp.
Debt restructuring advisory
Unique to MahadevX: if you have existing high-EMI loans, our advisors can structure consolidation that lowers your monthly outgo before we add a new file.
Eligibility & Documents
Salaried Borrowers
- Age 21 to 60 years
- Minimum monthly income usually Rs 25,000 (Rs 50,000+ for prime products)
- Salaried with at least 2 years of work experience
- CIBIL score 700+ (750+ unlocks the best rates)
- Indian resident; pan-India serviceability
Self-Employed Borrowers
- Age 23 to 65 years
- Business vintage of 2-3 years (specific lenders consider 1 year)
- Audited financials and last 2 years ITR
- Latest 12 months GST returns and bank statements
- CIBIL score 700+ on personal and business credit
Documents Required
- PAN card
- Aadhaar card (for KYC and address)
- Latest 6 months bank statement
- Last 2 years ITR + audited financials (self-employed)
- Last 3 months salary slips (salaried)
- Property documents (for home loan / LAP)
- GST registration and last 4 quarters returns (business loan)
Is Federal Bank right for you?
Three taps for an honest read - indicative, in your browser only.
Federal Bank FAQs
Is Federal Bank good for NRI loans?
Yes - Federal is one of the leading banks for NRI home loans and NRI banking, with specialised documentation flows for overseas applicants.
What is Federal Bank's home loan rate?
Home loan rates start around 8.8% p.a. for prime profiles; NRI loans may carry slightly different pricing.
Does Federal Bank offer gold loans?
Yes - gold loans are a strong Federal Bank product, with competitive rates and quick disbursal.
Is Federal Bank suitable for businesses outside South India?
Yes - Federal lends pan-India through its branch network and digital channels. South India just sees deeper relationship penetration.
What is Federal Bank's processing fee?
Typically 0.5% to 2% depending on product. NRI loans may have product-specific charges.
How does MahadevX help with Federal Bank applications?
We are an empanelled Federal Bank DSA. We coordinate documentation, file submission, and disbursal, and compare against 24+ other lenders.
Other lending partners
Reviewed by Kamalapati Upadhyay · 12 + Years
MahadevX is a loan facilitation and distribution platform. Loan approval, interest rates, tenure, and disbursement are subject to the policies, eligibility criteria, and final approval of the respective lending institution.
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