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EMI Starts From : ₹887/Lakh
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Federal Bank offers max funding upto 15 Crores

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Interest Rates starting @8.80%

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Tenure upto 30 years

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Federal BankFederal Bank
  • Overview
  • Loan Calculations
  • Highlights
  • Home Loan Interest Rates
  • Compare With Other Banks
  • Processing Fees
  • Fees and Charges
  • Home Loan Types
  • EMI Calculator
  • Eligibility Criteria
  • Documents
  • Tenure
  • How to Apply
  • Loan Amount
  • Customer Care
  • Nearest Branches
  • Disbursement Process
  • Home Loan Insurance
  • Tax Benefits
  • Bank Features
  • Why Choose Credit Dharma

Federal Bank Home Loan

Discover home loan options with Federal Bank, featuring competitive interest rates starting at 8.80% p.a. and repayment tenures up to 30 years. Borrow up to ₹15 crore for various property needs, including plot purchases, home construction, renovations, and extensions. Tailored solutions are available for NRIs, and those seeking top-up loans or balance transfer services for enhanced financial management.

Rate of Interest

8.80%-11.00%

Loan to Value

80% - 90%

Loan Tenure

Max 30 years

Max Loan Amount

Upto 15cr

Rate of Interest8.80%-11.00%
Loan TenureMax 30 years
AgeShould not exceed 55 years at the end of loan tenure
ProfessionSalaried/Self Employed
IncomeShould be not less than Rs. 50000/-
NationalityResident Indian/ NRI
Max Loan AmountUpto 15cr
Plot Purchase
Independent Building
Apartment
Resale Property
New Construction
LTV80% - 90%
Home Loan
Plot Cum Construction Loan
Balance Transfer
Overdraft Facility
Top Up Facility
Other OfferingsProperty Loan, House Warming Loan, Loan Against Property
Processing FeesLow processing fees
Other ChargesNo pre closure charges
Overdraft Facilities-
Highlights• Repayment holiday up to 36 months.
• Optional funding for life insurance
• No pre closure charges
• Maximum funding for your dream house -85% of the project cost.
• Easy top up loans in future.

*Disclaimer: The interest rate, maximum tenure, and other charges are subject to change, it's advisable to check with our experts for the latest information.

Home Loan Calculations
₹50,00,000
20 Years
Loan Amount₹ 50,00,000
Loan Tenure20 years
Rate of Interest8.80%-11.00%
Monthly EMI₹ 44,345 -
₹ NaN

Eligibility Criteria for Federal Bank Home Loan

Before applying for a Federal Bank home loan, it’s important to understand the eligibility criteria. This guide provides an overview of the key factors that determine your eligibility.

CriteriaSalaried Self-employed
Age RangeShould not exceed 55 years at the end of loan tenureShould not exceed 55 years at the end of loan tenure
NationalityResident Indian/NRIsResident Indian/NRIs
Minimum IncomeShould be not less than Rs. 50000/-Should be not less than Rs. 50000/-
Please note that these are indicative numbers, please refer to the official websites for the latest updated details.

Calculate your Federal Bank home loan eligibility and unlock exclusive offers for you!

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Federal Bank Home Loan Interest Rates

Federal Bank offers competitive home loan interest rates to help you finance your dream home. Here’s an overview of the interest rate options available for Federal Bank home loans.

Standard Home Loan Rates

Salaried ROISelf Employed ROI
8.80% p.a onwards8.80% p.a onwards
Please note that these are indicative numbers, please refer to the official websites for the latest updated details.

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Federal Bank Home Loan Processing Fee and Charges

Processing Charges

Charge TypeAmount
Processing FeesA total of 1% of the loan amount sanctioned or INR10,000, whichever is higher
Prepayment PenaltyNIL
Please note that these are indicative numbers, please refer to the official websites for the latest updated details.

Federal Bank Home Loan Documents

Identity Documents

Document Name Salaried Self Employed
PAN ✔ ✔
Voter ID ✔ ✔
Passport ✔ ✔
Driving Licence ✔ ✔
Aadhar Card ✔ ✔

Proof Of Income

Document Name Salaried Self Employed
Latest 3 months salary slip showing all deductions & Form 16 ✔ ✖
IT Returns or financial documents for last 2 years and computation of income certified by a CA for last 2 years ✖ ✔
Rental receipts or documents showing receipt of income ✔ ✔

Federal Bank Home Loan Schemes and Top Plans

Comparison

FeatureHome LoanHouse Warming LoanPurchase of House Plots
Maximum Loan Amount₹ 15 crores₹2 lakhs₹25 lakhs
Interest Rate8.80% per annum onwards10.80% per annum onwards10.00% onwards
Tenureup to 30 yearsup to 5 yearsup to 5years
Eligible ApplicantsSalaried or self-employedSalaried or self-employedSalaried or self-employed
Please note that these are indicative numbers, please refer to the official websites for the latest updated details.

Details

Home Loan

  • Maximum Loan Amount: ₹15 Crore
  • Interest Rate: 8.80% p.a onwards
  • Tenure: Up to 30 years
  • Eligible Applicants: Salaried or Self-employed

House Warming Loan

  • Maximum Loan Amount: ₹2 lakhs
  • Interest Rate: 10.80% per annum onwards
  • Tenure: Up to 5 years
  • Eligible Applicants: Salaried or Self-employed

Purchase of House Plots

  • Maximum Loan Amount: ₹25 lakhs
  • Interest Rate: 10.00% onwards
  • Tenure: Up to 5 years
  • Eligible Applicants: Salaried or Self-employed

Federal Bank Home Loan Application Process

Applying for a Federal Bank home loan is simple and straightforward:

  1. Check Eligibility: Ensure you meet the eligibility criteria for your chosen loan product.
  2. Gather Documents: Collect all the necessary documents for the application.
  3. Visit a Branch: Visit your nearest Federal Bank branch and complete the application form.
  4. Submit Documents: Submit the completed form along with the required documents.
  5. Application Review: The bank will assess your application and documents.
  6. Loan Approval: Once approved, your loan will be sanctioned, and you can begin your homeownership journey.

Do not want to get into this hassle? Get Federal Bank’s best rates in a single call.

Call now!

Federal Bank Home Loan Customer Care

For any queries or assistance regarding your Federal Bank home loan, the bank offers dedicated customer care services. Here’s how you can easily get in touch with their support team for help.

  • Request a callback at your convenience.
  • Call the toll-free numbers: 1800 420 1199 or 1800 425 1199.

Comparison

BankUp to Rs. 30 LakhAbove Rs. 30 Lakh to Rs. 75 LakhAbove Rs. 75 Lakh
SBI Bank8.00% p.a. onwards8.00% p.a. onwards8.00% p.a. onwards
HDFC Bank8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
LIC Bank8.50% – 10.35% p.a.8.50% – 10.55% p.a.8.50% – 10.75% p.a.
ICICI Bank8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
Kotak Mahindra Bank8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
Punjab National Bank8.50% – 11.05% p.a.8.50% – 11.05% p.a.8.50% – 11.05% p.a.
Bank Of Baroda8.40% onwards8.40% – 10.65% p.a.8.40% – 10.90% p.a.
Bajaj Housing Finance8.50% p.a. onwards8.50% p.a. onwards8.50% p.a. onwards
Axis Bank8.75%-10.30% p.a.8.75%-10.30% p.a.8.75%-10.30% p.a.
Bank of India8.40% p.a onwards8.40% p.a onwards8.40% p.a onwards
TATA Capital8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
The interest rates, maximum tenures, and other charges are subject to change, and it’s advisable to check with our experts for the most current information.

Frequently Asked Questions

What is the interest rate for a home loan in Federal Bank?

Federal Bank offers home loans starting at 8.80% per annum, with the exact rate depending on factors like loan amount and applicant profile.

What is the minimum CIBIL score for a home loan in Federal Bank?

While Federal Bank doesn’t specify a minimum CIBIL score, a score of 750 or above is generally considered favorable for home loan approvals.

What is the federal interest rate right now?

Federal Bank offers home loans starting at 8.80% per annum, with the exact rate depending on factors like loan amount and applicant profile.

What is the current Federal Bank interest rate?

The minimum monthly income required for a home loan at Union Bank is ₹15,000 for salaried individuals and ₹2 lakh per annum for self-employed individuals.

Federal Bank Calculators
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