Property Power

Features & Benefits

Now your Property can take care of your Personal, Business and family's needs. Your dream of building the business to new heights, consolidating debts, education of your children or even arranging funds for a marriage in the family can now be fulfilled with Property Power. With this facility, unleash the power you never knew you had! Property Power is the mortgage loan offered by Federal Bank that provides loan against your property.  You can avail loan against property for fulfilling personal needs such as meeting expenditure on education, marriage, healthcare, business or any other lawful purpose.
Quick loan processing
Individuals (Residents, Non-residents, PIOs) can apply for the loan
Longer repayment period-  up to 15 years
Lower Interest Rates & EMIs
Loan Amount up to Rs.5 Crore
Loan can be availed as overdraft as well as Term Loan
Minimal Paperwork
Surrogate Scheme for Self Employed Category available
Balance Transfer Programs with additional finance
Property Power is offered against residential premises, a plot of land or commercial properties as per your convenience.

*Conditions apply

Documents Required

KYC Documents

  • Two passport size photos each of the applicant/ and the co obligant
  • Identity Proof – Passport / Voters ID / Driving License/ PAN Card / Aadhaar Card
  • Address Proof – Passport / Voters ID / Driving License / Aadhaar Card
  • Age Proof – Passport / Birth Certificate / Driving License / SSLC or AISSE Certificate

Additional documents for Non Resident Customers

  • Certified copy of Passport, Visa, Work Permit, ID card


Income Documents

Resident Salaried

  • Latest Salary Certificate /  Salary Slip (3 months)
  • Copies of IT returns (2 years) or Form No.16 (2 years) 
  • Latest 6 month's Bank Account statement evidencing the salary credits


Resident Self Employed

  • Proof of Business existence & Business Profile
  • Last 12 months bank a/c statements
  • IT returns for 2 years supported by Balance Sheet, P&L Account for the past two years. Where ever available, Tax paid challans may also be collected OR Last 2 years IT returns supported by Tax calculation sheet & Tax paid challans


Non Resident Salaried (either of option1 or option 2)

  • Option 1
  • NRE account statement with any bank for last one year
  • Embassy / CRO certified Salary Certificate/ latest 3 months salary Slip OR Latest Salary Certificate / Slip (3 months) supported by 6 months Salary Crediting Statement
  • Option 2
  • Two years NRE a/c statement of the customer and/or resident accounts of spouse/parents (with us/ other Bank) in which remittance is made.


Non Resident Self Employed (either of option1 or option 2)

  • Option 1
  • Proof of Business existence & Business Profile
  • Last 12 months bank a/c statements
  • Balance Sheet, P&L Account for the past two years. Where ever available, Tax paid challans may also be collected
  • Option 2
  • Two years NRE a/c statement of the customer and/or resident accounts of spouse/parents (with us/ other Bank) in which remittance is made.


Property Documents

  • Documents of title *
  • EC for 13 years *
  • Possession certificate
  • Location sketch *
  • Land tax receipt
  • Building tax receipt ( if applicable )
  • Approved Plan

Repayment options

Repayment period for Property Power is maximum 15 years. Repayment of the loan can be made using any one of the ways:

Terms & Conditions


  • Mortgage of immovable property
  • Property in the name of close relatives also will be accepted
  • For granting Property Power to PIOs, the property shall be in their own names.



  • Insurance options for Property Power Loan at attractive Premiums
  • Amount for insurance can be included as a part of our loan component subject to satisfactory repayment capacity & availability of required security margin as per norms.


Interst Rates & Service Charges applicable


Other Conditions

  • Bank reserves the right to reject any application without assigning reasons thereof
  • The applicant will undertake to inform the Bank as and when there is a change in address or employment
  • The terms and conditions mentioned above and elsewhere under the scheme are subject to modification from time to time solely at Bank's discretion.

Housing Loans

Frequently Asked Questions- Property Power (Loan Against Property)

Frequently Asked Questions- Property Power (Loan Against Property)

What is the Eligibility Criteria for a Property Power?

Loans against property are granted to:

  • Individuals (Residents, Non-residents, PIOs)
  • Sole-proprietorships, family partnerships, professionals and salaried where end use is personal or business and where the collateral is in the name of individuals.

What is the tenure of a property power loan?

Maximum period of property power loan is 120 months.

What is the minimum age limit for availing loan against property?

Minimum age is 24 Years

Can I avail loan against property as overdraft?

Yes, you can avail the loan as overdraft facility.

What are the documents required for availing loan against property?

Please click here to know more about documents required for Resident Salaried, Resident Self employed, Non-Resident Salaried and Non-Resident Self employed borrowers.

What is the interest rate for property power loan?

Rate of Interest will change subject to the changes made by Bank/RBI from time to time. Please click here to know latest interest rates on loans. Whenever interest rates are changed, new rates and corresponding EMI shall be communicated to the borrower.

Who can be joint borrowers in case of a property power loan?

Immediate family members such as your parents, spouse and children can be joint borrowers.

How can I make repayment of property power loan?

Repayment of loan is to be made in Equated Monthly Installments (EMI).

What is EMI?

EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. Your housing loan EMIs are fixed at the time of availing the loan. EMI's are used to pay both interest and principal amount of a loan in a way that over a specific number of years, the loan amount is repaid to the bank along with interest.

What are the factors affecting mortgage loan EMI?

  • Principal - The principal is the loan amount that you avail from Bank. Lower principal will lower your EMI and vice versa.
  • Rate of Interest - The rate of interest is the rate at which Bank offers you the loan. It is also directly proportional to your loan EMI.
  • Tenure - The tenure or the period is the time within which you repay your loan. It is inversely proportional to EMI. It means longer tenure makes EMIs cheaper and vice versa.

What is Fixed rate of interest?

Fixed rate of interest means interest rate remains constant during the entire tenure of the loan.

What is Floating rate of interest?

Floating rate of interest means interest rate fluctuates based on the changes in RBI’s Repo Rate.

What is Repo Rate?

Repo rate is the rate at which Reserve Bank of India lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.

What is Pre-EMI?

Under the Pre-EMI option, the borrower is required to pay only the interest on the loan amount that will be disbursed as per the progress on the construction of the project. The actual EMI payment starts after the possession of the house / flat.

How can I calculate property loan EMI?

You can calculate EMI of your loan against property using our EMI calculator by entering principle amount, tenure, rate of interest etc.

What is an amortization schedule?

Amortization is a tabular schedule with details of interest payment and periodic principal of a loan along with the amount outstanding after each payment and the decrease of loan balance till zero.

What are the service charges for property power loan?

Please click here to know more service charges.

How can I get my foreclosure certificate from bank?

Please place the request for foreclosure certificate at your loan origination branch to know the principal amount outstanding for closure of loan and applicable charges.

When will I get the foreclosure certificate upon requesting for the same?

The Foreclosure Statement will be processed within 14 working days from the date of request. Federal Bank does not take any responsibility, and will also not be liable, for your claims if the details provided by you are incorrect /incomplete.

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