#1
September 2nd, 2015, 12:51 PM
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The Federal Bank Home Loan Interest Rate
I am planning to take home loan from The Federal Bank and want to know in detail about the Federal Bank Home Loan Interest Rate. Will you please provide me home loan interest rate of this bank so that I can compare this home loan rates with the other banks?
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#2
February 3rd, 2020, 07:55 PM
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Re: The Federal Bank Home Loan Interest Rate
I opened an account in the Federal Bank and want to take home loan from this bank searching for details. Will you tell what the Federal Bank Home Loan Interest Rate and documents needed to apply?
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#3
February 3rd, 2020, 07:55 PM
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Re: The Federal Bank Home Loan Interest Rate Federal Bank Housing Loan Federal Bank's home loan interest rate starts from 8.55%, which is one of the best home loan rates in India. Home loans are now linked to the repo rate. Thus, home loan rates will change with respect to change in the repo rate as and when applicable. Loan Amount Federal Bank Repo Rate Home Loan Rate Home Saver Upto ₹ 30 Lakh 8.55% 8.80% ₹ 30 Lakh - ₹ 75 Lakh 8.60% 8.80% ₹ 75 Lakh - ₹ 5 Cr 8.65% 8.80% Above ₹ 5 Cr 8.65% 8.80% Processing Fee Upto 0.50% Minimum ₹ 3,000 Maximum ₹ 7,500 Age Min 21 and Max 60 years for Salaried Min 21 and Max 65 years for Self Employed Federal Home Loan Documents For Salaried employees Filled up loan application form 2 Passport Size Photo ITR of last 2 years Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension For Self-Employed Filled up loan application form 2 Passport Size Photo Identity Proof - Passport/ Driving License/ Voter ID/ PAN Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension |