Federal Bank Home Loan
Federal Bank Home Loan
Federal Bank Home Loan
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Federal Bank Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Federal Bank Home Loan Key Highlights
Loan Amount Up to Rs. 15 crores
Rate of Interest Starts at 8.30% per annum
Processing Fee 0.50% of the loan amount (Min: Rs. 3,000 + GST; Max: Rs. 7,500 + GST)
Maximum Tenure for Repayment Indian Resident: 30 years | NRI: 20 years
Rate Packages Floater/ Fixed
Charges for Prepayment/Foreclosure Floater Loans to Individuals: Nil | Fixed/ Non-Individuals/ Overdraft: 3% on the outstanding loan amount or DP, whichever is higher
Federal Bank Home Loan Interest Rates in 2026
Banks earn their share of the profit by offering easy home loans to applicants through the interest rate on the loan amount. Federal Bank home loan rate of interest starts at a nominal 8.00% per annum. The bank offers both floater and fixed-rate packages to eligible applicants.
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Floater Plan (For Salaried) | Starting at 8.00% per annum |
| Floater Plan (For Self Employed) | Starting at 8.00% per annum |
| Fixed Plan (For Salaried) | Starting at 8.00% per annum |
| Fixed Plan (For Self Employed) | Starting at 8.00% per annum |
Federal Bank Home Loan Eligibility Criteria
Federal Bank offers attractive home loans for Indian Residents, NRIs and PIOs. Federal Bank home loan eligibility is based on the applicant's age, nationality, employment, work experience and CIBIL score.
For Salaried Individuals
Age Range (in years)
21 - 60 Years
Nationality
Indian Resident/ NRIs/ PIOs
Minimum Income Earned
Rs. 25,000 per month
For Self-Employed Individuals
Age Range (in years)
21 - 60 Years
Nationality
Indian Resident/ NRIs/ PIOs
Minimum Income Earned
Nothing Specific
Federal Bank Home Loan Processing Fee and Charges
Banks have to undergo a stringent procedure to process each home loan application. For this, they charge a processing fee and another set of fees from each applicant. The processing fee for a Federal Bank home loan is 0.50% of the loan amount, which is a minimum of Rs. 3000 + GST and a maximum of Rs. 7,500 + GST. The table below shows the processing fee and other charges levied by Federal Bank on home loans:
| Processing Fee | 0.50% of the loan amount (Min: Rs. 3,000 + GST; Max: Rs. 7,500 + GST) |
| Swapping Charges (Fixed to Floater and vice-versa) | 0.25% of the outstanding balance/ Drawing power, whichever is higher |
| Delayed Repayment Charges | 2.00% per month of the overdue portion + additional penal interest applicant for SMA accounts |
| CERSAI Charges | Nil |
| Foreclosure/ Prepayment Charges | Floater Loans to Individuals: Nil Fixed/ Non-Individuals/ Overdraft: 3% on the outstanding loan amount or DP, whichever is higher |
Federal Bank Home Loan Schemes and Top Plans
Federal Bank offers 3 types of home loan schemes to borrowers in India, whether salaried or self-employed. Have a look at these 3 types of home loans offered by Federal Bank with minimum documentation and quick processing:
- Ideal housing loan scheme to purchase an under-construction or ready-to-move-in home or construct a house, repair/ extend an existing home
- Lower interest rates
- Longer repayment period of up to 360 months
- Flexible EMI repayment modes
- Best housing loan scheme to buy a plot where you wish to build a dream home
- Maximum loan amount up to Rs. 25 lakhs
- Maximum repayment period of up to 60 months
- Easy EMIs for repayment
- Special home loan scheme for existing and new borrowers to meet the expenses related to the housewarming
- Maximum repayment tenure of up to 60 months
- No lock-in period
- Quick processing with minimum documentation
* Note: All of the above home loan plans are made available to applicants solely at the discretion of Federal Bank Home Loan, taking into consideration the earning and repayment capacity of the applicant.
Documents Required for Federal Bank Home Loan
The Federal Bank home loan documents required list is shared below. Gather all these documents before applying for a Federal Bank home loan.
| Proof of Income |
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| Other Required Documents |
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| Proof of Income |
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| Other Required Documents |
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| Identity & Address Proof |
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| Documents Related to Property |
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Apply Home Loan Through BASIC Home Loan
If you are interested in applying for a Federal Bank home loan, then the procedure is quite simple and hassle-free. Mentioned below is the procedure for a Federal Bank home loan online apply:
Apply Now on the BASIC Website
Proceed to the 'APPLY NOW' section on the BASIC Home Loan website.
Enter Your Details and Submit
Fill in the form by entering your name, contact number, and other required details, and submit the form.
Our Expert Will Reach Out to You
A BASIC Home Loan team representative will connect with you shortly to assist you through the entire home loan application process.
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