Tag Archives: documents for fed bank home loan

Federal Bank Housing Loan: Interest Rates | Documents & Eligibility

Federal Bank Home Loans: Get Details on Various Factors Like – Eligibility, Documents, Process & Key features of federal bank home loans India.

Why to Choose Federal Bank – Key Features:

  • Speedy loan approval
  • Get loan up to 85% of project cost
  • Minimal paperwork
  • Loan amount up to Rs.1500 Lakhs
  • Longer repayment period
  • Insurance cover
  • Loan amount up to Rs. 1500 Lakhs with a margin of 15 – 20%
  • Longer repayment period – up to 30 Years
  • Repayment can be done as easy EMIs

KYC documents

  • Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
  • Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
  • Copy of PAN Card
  • Passport size photos of the applicant and / co-obligant – Two copies each.
Proof of Income:
Salaried Customer Self Employed Professionals Self Employed non- Professionals / Business
Latest Salary certificate/ Last 3 months Salary-slips Education Qualification Certificate and proof of business existence Proof of business existence & Business profile
Form 16/Income tax returns  (2 years) Last 2 years Income tax returns supported by Audited Balance Sheet and P&L
Last 2 years IT returns supported by tax paid challans
Last 6 months bank statements Last 12 months bank statements (Self & Business) Last 12 months bank statements (Self & Business)
Loan application form duly filled and signed, Cheque for Processing Fee

Other documents

  • Documents of Title  – ie, Tittle Deed & Prior Deeds
  • Encumbrance Certificate (13  Yrs)  From Sub. Registrar Office
  • Land Tax Receipt ( Latest)
  • Possession Certificate
  • Approved Building Plan
  • Property Sketch

For Purchase of Ready Built House / Flat

  • Agreement of Sale
  • Building Tax Receipt (latest)

In the case of flat/villas, following documents are also needed:

  • Sale & Construction Agreements (original)
  • Letter of Allotment from the Builder
  • Tripartite Agreement – Where the flats are under construction & the possession is not immediate

For House Construction / Extension / Repairs & Renovation

  • Estimate report from Civil Engineer / Architect
  • Permission for Construction from local authorities