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Federal Bank Home Loan, Interest Rate and EMI Calculator Jan 2019

(Updated on 12.01.2019) Federal Bank Home Loan Jan 2019 – Get Instant Quick & Easy Approval on Federal Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of✓Interest Rate✓Loan Tenure✓Processing Fee✓Eligibility✓Best Offers & more.

Federal Bank Home Loan – Get Instant Quotes Online

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Federal Bank Home Loan

Federal Bank Home Loans can be availed to purchase plots for construction of houses, construction /renovation/ repair/alteration/addition to house/flat and also to buy a fully constructed home. Federal Bank Home Loan is offered to every class of people at its reasonable and affordable rates of interest and has varied home loan benefits to please you. Know your home loan eligibility and get the best deal with Federal Bank Home Loan Eligibility Calculator.

Federal Bank also provides Federal bank Personal loan at competitive rates of interest to borrowers to fund their every personal expenses at dire financial needs.

Federal Bank Home Loan Interest Rate

Interest Rate 8.60% to 9.10%
Processing fee range 0.50% of the loan amount or Rs. 8625 which ever is minimum
Loan Amount Rs 15 L to Rs 15 Crs
Tenure 1 to 30 years

Federal Bank Home Loan EMI Calculator

Federal Bank Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Types of Federal Bank Housing Loan Schemes

1) Federal Housing Loan

  • Loans for construction of house, acquisition of land & construction of house, repairs /renovation /remodeling / extension of house, reimbursement of debt incurred for construction / purchase / furnishing / beautification / purchase of flat / villa / house plots / takeover of housing loans, etc.

  • Loan amount up to Rs. 1500 Lakhs with a margin of 15 – 20%

  • Longer repayment period – up to 30 Year

  • Security for the loan will be Mortgage of land and building.

2) Purchase of House plots

  • Loan can be availed for purchasing of house plots for subsequent construction of house.

  • Loan amount up to Rs. 25 Lakhs.

  • Repayment period of the loan is 60 Months

  • Get loan up to 60% of land

3) House Warming Loan

  • A special personal loan scheme to Home loan customers (both existing & new) Viz. ‘House Warming Loan’ for meeting house warming and other related expenses.

  • Personal Loan without Security

  • Repayment tenor up to 60 months

  • Loan can be availed after acquisition or completion of the house / flat.

  • Loan amount up to 5% of the existing housing loan limit.

Federal Bank Home Loan Eligibility

  • Indian citizen with verified and regular source of income

  • Self- employed or salaried with valid documents

  • Minimum 18 years to less than 65 years

  • The applicant must earn more than minimum income required.

Federal Bank Home Loan Documents Required

  • Signed application form with photographs .

  • Proof of identity– Passport, Voter’s ID, Driving License, PAN Card etc.

  • Address Proof– Ration Card, Electricity or Telephone Bill, Passport, Trade License, Sales Tax certificate etc.

  • Copy of PAN Card.

  • Proof of Income for Salaried Applicants- Salary certificate or last 3 months salary slips, Income tax returns for the last 2 years or Form 16 and bank statements for the last 6 months.

  • Proof of Income for Self Employed Professionals, Self Employed Non-Professionals and Business- Proof of business existence and education qualification certificate, Business profile, Tax returns for the last 2 years (attached with audited balance sheet and P&L).

  • IT returns for last 2 years and bank statements for the last 12 months (both self and business). Aside from these, the Federal Bank can request you for additional documents and proof .

  • Other documents are also necessary as per bank’s norms.

Federal Bank Home Loan Prepayments: Prepayment Charges- Nill

Federal Bank Home Loan MCLR Jan 2019

Loan Tenure MCLR Rate
Overnight 8.75%
1 Month 8.85%
3 Months 9.00%
6 Months 9.10%
1 Year 9.20%