Hello sir, I want to get information about on Federal Bank house loan for my NRI friend, do you give me detail of Federal Bank house loan for NRI customer?

The Federal Bank Limited is a major private sector commercial bank headquartered at Aluva, Kochi, Kerala. As on 31 March 2016, Federal Bank has 1252 branches spread across 24 states and 1516 ATMs across the country



the Details of the Housing Loan Scheme of the Federal Bank is given below

Features :

Speedy loan approval
Get loan up to 85% of project cost
Minimal paperwork
Loan amount up to Rs.1500 Lakhs
Longer repayment period

Loan Amount

Loan amount up to Rs. 1500 Lakhs with a margin of 15 – 20%
Longer repayment period – up to 20 Years


Interest Rates :

Housing Loan 0.05% to 0.30%

Repayment of the loan is made as Equated Monthly Installments (EMI).

You can use any one of the ways to repay the loan:

Cheques
Standing instructions at your branch
FedNet - Internet Banking
Automated Payment through ECS
Mobile Banking