House Warming Loan

Features & Benefits

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
Quick processing
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.

Housing Loans

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