Federal Bank Home Loan

Federal Bank Home Loans starting at just 8.80% p.a.

Federal Bank offers a range of home loan options designed to help individuals realize their dreams of owning a home. Read More...

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Federal Bank Home Loan Highlights

Loan AmountUpto ₹15 cr
TenureUpto 30 years
Rate of Interest8.8% onward
Processing FeeUpto 0.5% of the loan amount
Max Tenure30 years
Foreclosure ChargesNil

Federal Bank Home Loans Comparison Table

Compare Federal Bank Home loan interest rates with other lenders to find the best deal. See how Federal Bank competitive rates stack up in our comprehensive comparison table.

Name of LenderAmount Up toInterest RateTenure
Axis Bank₹10 cr8.75% OnwardsUp to 20 years

Federal Bank Home Loan EMI calculator

Enter the loan amount, interest rate, and loan tenure into the Federal Bank home loan EMI calculator below to determine your monthly EMI and the total interest due over the loan period.

EMI: ₹63,337.89
Total interest: ₹26,00,546.8
Total principal: ₹50,00,000

Federal Bank Home Loans Eligibility

Federal Bank Standard Home Loan

Federal Bank Loan for Purchase of Residential Plots

Federal Bank House Warming Loans

Federal Bank standard Home Loan

  1. Buying flats, bungalows, or row houses within sanctioned projects by private developers.
  2. Acquiring properties from Development Authorities like MHADA, DDA, etc. Purchasing properties within Co-operative Housing Societies, Apartment Owners
  3. Associations, Development Authorities Settlements, or private residences.
  4. Funding the construction of residential properties on plots allocated by Development Authorities or on freehold/leasehold plots.
CriteriaValue
Minimum Age21 years
Maximum Age65 years
Resident TypeResident Indian/ NRIs for NRI
Loan TenureUp to 30 years

Federal Bank Home Loan Schemes

Federal Bank provides a range of home loan schemes with interest rates starting from 0.5%, including options like Regular Home loans, Plot Loans, and Housewarming Loans for existing home loan borrowers. Each scheme includes a processing fee of up to 0.50% of the loan amount plus GST with a minimum of Rs.10000/- plus applicable taxes.Federal Bank provides a range of home loan schemes with interest rates starting from 8.8%, including options like Regular Home Loan with benefits for women and no pre-payment fees, Rural Housing Loans for people in rural areas, Home loan balance transfer for home loan borrowers. Each scheme includes a processing fee of 0.5% with varying minimum and maximum amounts.

Loan TypeInterest Rate (p.a.)Processing FeeSpecial Features
Federal Bank Standard Home Loan8.8% onwardsUpto 0.5% of the loan amount plus applicable taxes, a minimum of Rs.10000/- and a maximum of Rs.200000/
  • Repayment holiday up to 36 months
  • Can be availed in overdraft format
  • No pre-closure charges
Federal Bank Loans for the purchase of Residential plots8.8% onwardsUpto 0.5% of the loan amount plus applicable taxes, a minimum of Rs.10000/- and a maximum of Rs.200000/
  • Loan up to 25 Lakh
  • LTV: 60%
  • Repayment Period: 60 months
Federal Bank Housewarming Loans2% above the existing home loan interest rateUp to 0.50% of the loan amount
  • Personal Loan without security
  • Eligibility on acquisition or completion of the house / flat
  • Repayment tenure up to 60 Months

Federal Bank Home Loan Processing Fees and Charges

Federal Bank imposes a processing fee of up to 0.5% on the home loan amount plus GST, with a minimum of 10000/- and a maximum of Rs.200000/-.

Federal Bank Home Loan Processing Fees

Federal Bank Home Loan Application charges

Federal Bank Home Loan Prepayment charges

SchemesProcessing Fee
For all home loan variantsUp to 0.5% of the loan amount plus applicable taxes, a minimum of Rs.10000/- and a maximum of Rs.200000/-
Khushi Affordable Housing LoansUpto 2% of the loan amount plus applicable taxes, a minimum of Rs.10000/-

How to Apply for Federal Bank Home Loan?

Prospective borrowers interested in an Federal Bank home loan have the option to apply online either through the bank's official website, as outlined below:
Apply here

Via the Federal Bank Official Website

  1. Visit the Federal Bank Home Loan official website.
  2. Click on Apply now
  3. Enter the necessary details to determine the eligible loan amount.
  4. Complete the required information on right side and tap "Submit".

Documents Required for Federal Bank Home Loan

Following is the list of documents required for different categories of customers


Federal Bank Home Loan list of documents for Salaried

Federal Bank Home Loan list of documents for Self-employed professionals

Federal Bank Home Loan list of documents for Self-employed

Federal Bank Home Loan list of documents for Farmers

Federal Bank Home Loan list of documents for NRIs

Federal Bank Home Loan list of documents for Salaried

  1. Identity and residence proof (KYC), such as an Aadhaar, PAN card, or Voter ID card.
  2. Income proof, such as the last 3 months salary slip, the latest Form 16, and a six-month bank statement.
  3. A Cheque for The Processing Fee for The Loan Application.
  4. Property Documents Such as Sale Deed, NOC From the Builder or Housing Society, Advance Payment Receipt to The Builder, And Approved Construction Plan.

Property Related Documents

For New Home
  1. Allotment letter copy/Buyer agreement
  2. Payment receipt made to the developer
For Resale Home
  1. Title deeds including previous chain of property documents
  2. Agreement to sell copy
  3. Initial payment receipt made to the seller
For Construction
  1. Title deed of plot
  2. Copy of the plan approved by Local Authorities
  3. No encumbrance proof on the property
  4. The total estimate of construction by a Civil Engineer/Architect

Federal Bank Home Loan FAQ’S

Here are some of the frequently asked questions with regards to Federal Bank Home Loan

Federal Bank offers home loans starting from 8.8% p.a., varying based on the applicant's credit profile.
You can determine the interest cost using the Federal Bank Home Loan EMI Calculator. Simply input your loan amount, tenure, and interest rate into the calculator to obtain instant results.
Federal Bank adjusts its housing loan rates in accordance with the repo rate. Changes in the repo rate prompt adjustments in the rates for existing Federal Bank home loan borrowers. Additionally, Federal Bank may modify the spread over benchmark rates during special or festive home loan offers.
Co-owners of the property must also be co-applicants for the Federal Bank Housing Loan. However, not all co-applicants need to be co-owners; close family members are typically permitted as co-applicants.
Yes, partial or full prepayment of your home loan amount is allowed before the loan tenure ends. Federal Bank does not impose prepayment charges on home loans with floating interest rates.
You can reduce your Federal Bank Housing Loan interest rate by transitioning from a higher interest rate to a lower one. Federal Bank charges a conversion fee for rate reductions, or alternatively, you can transfer your home loan to another lender offering lower rates.
Kotak Mahindra Bank does not levy prepayment fees on home loans with floating interest rates. For fixed-rate home loans, prepayment incurs a fee on the outstanding loan amount plus applicable taxes, except when using own sources for pre-closure.
After property and document verification and completion of the 'own contribution' or down payment, Federal Bank sanctions the home loan. Disbursement can be requested online or offline and is contingent on construction progress.
Yes, your spouse's income can bolster your home loan eligibility. Your spouse must provide income documents to Federal Bank for consideration.
While Federal Bank doesn't specify a minimum credit score, it offers lower rates to applicants with scores of 750 and above.
Yes, you can apply for pre-approved home loan facilities based on your financial status, creditworthiness, and income. Property selection must occur within 6 months of loan sanction.
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