The Federal Bank Ltd has partnered with a range of innovative fintech partners for sourcing Federal Bank Personal Loan through the Fintech partner channel (App/Website). In accordance with the RBI’s notification on “Guidelines on Digital Lending” (RBI/2022-23/111DOR.CRE.REC.66/21.07.001/2022-23) the Federal Bank acts as the Regulated Entity (RE), Fintech partner acts as a Lending Service Provider (LSP) and the loan sourcing partner mobile/web application acts as a Digital Lending App (DLA) and the entire arrangement is in compliance with the RBI Guidelines on Digital Lending dated September 02, 2022.

In this Personal Loan arrangement, the entire end to end customer onboarding is done in a completely digital flow with latest cutting-edge technology. This partnership harnesses the cutting-edge capabilities of fintech platforms, enabling customers to access a tailored loan solutions with unprecedented ease and efficiency. By leveraging the expertise and technology of our esteemed fintech partners, we ensure a seamless and convenient experience for individuals seeking financial support. This initiative underscores our commitment to embracing digital transformation and delivering superior financial services that cater to the evolving needs of our customers.

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