Federal Bank Home Loan
Primary Lending Institution:Federal Bank
Up to ₹15 Crore home loan at 8.55% – 9.40% with Up to 30 years tenure.
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible without municipal permit.
What is Federal Bank Home Loan?
Leading South India and pan-India mortgage provider offering transparent pricing linked to RBI repo rate and NRI home loan facilities.
Key Benefits & Features
Popular among non-resident Indians and resident professionals; simple documentation; quick online sanction; flexible repayment.
Property & Project Eligibility Requirements
Approved residential building with clear 30-year encumbrance search.
Borrower Eligibility Criteria
Resident or NRI salaried/self-employed individuals with stable earnings.
How to Apply (3 Verified Paths)
Apply online through net banking portal or visit lending branch with loan inquiry.
Apply online at https://www.federalbank.co.in/home-loans with digital KYC and property details.
Visit nearest branch of the institution with income proofs and sale agreement.
Documents Required Checklist
Aadhaar Card, PAN Card, Last 3 months salary slips or 2 years ITR-V, 6 months bank account statement, Title deed, Approved building plan and municipal tax receipts.
Frequently Asked Questions
What is the maximum loan tenure available for Federal Bank Home Loan?
The maximum repayment tenure offered for Federal Bank Home Loan is Up to 30 years, subject to borrower's age not exceeding 70 years at loan maturity.
What are the processing charges and prepayment rules for Federal Bank Home Loan?
The processing fee is 0.50% (Min ₹3,000, Max ₹15,000) + GST. As per RBI guidelines, zero prepayment penalties apply to all individual floating-rate home loans.
What documents are required to apply for Federal Bank Home Loan?
Applicants must provide KYC (Aadhaar, PAN), 3 months salary slips or 2 years ITR with computation, 6 months bank statements, and clear property title documents with municipal sanctions.
Why does Federal Bank Home Loan require property approval in a formal layout?
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible without municipal permit.