Federal Bank has yet another attractive loan scheme for you- House Warming Loan - a special personal loan scheme to our Home loan customers (both existing & new) Viz. ‘House Warming Loan' for meeting house warming and other related expenses.
Personal Loan without Security
Eligibility on acquisition or completion of the house / flat
Attractive Interest Rate @ Housing Loan rate + 2%
No Lock in period
Repayment tenor up to 60 months
How to apply ?
Existing & New housing loan customers upon acquiring / completion of the house / flat.
To avail the loan, Please visit any of our branches.
Terms and Conditions
Purpose of the loan is to meet house warming and other related expenses.
Loan amount up to 5% of the existing housing loan limit (Maximum - Rs.2 Lacs ) can be availed
Maximum tenure of the loan is 5 years.
Loan period shall not exceed remaining period of the existing Housing Loan
Repayment shall be made as EMI.
Interest rate will be Existing Housing Loan Rate + 2%.
Security & Co-obligants
For Resident customers - Nil.
For NRI customers - Additional charge on the existing housing loan security is required.
All parties to the existing housing loan limit shall join the loan documents.
If the borrower gets married subsequent to availing HL, spouse shall join as a party to the Loan documents, in addition to all parties to existing housing loan.
Federal Housing Loan Your dream home is never far away! Get hassle free home loans from Federal Bank to turn your dream home into reality. We assist you to realize your dream home. Avail your Housing Loan from us at competitive interest rates.
Loan for Purchase of House Plots Are you having a residential plot of land in mind to buy? Realise your wishlist with our loan for purchasing house plots. With minimal documentation, you can get Loan amount
House Warming Loan Bought a house recently but need financing for house warming occasion? Federal Bank has yet another attractive loan scheme for you- House Warming Loan - a special personal loan scheme to our Home loan customers (both existing & new) Viz. ‘House Warming Loan' for meeting house warming and other related expenses.