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Federal 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.

  • Features & Benefits
  • How to apply ?
  • Indicative List of Documents Required for Loan processing
  • Repayment Options
  • Interest Rates
  • EMI Calculator

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


Housing Loan can be used 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 / supplementary housing loan to employees of well-run companies / purchase of house plot for

subsequent construction of house etc.
Loan amount up to Rs. 1500 Lakhs with a margin of 15 – 20%
Longer repayment period – up to 20 Years
Repayment can be done as easy EMIs.
Security for the loan will be Mortgage of land and building.

Who can apply

NRI individuals including salaried people, self-employed and business persons are eligible for Housing Loan.

Persons of Indian Origin (PIO) are also eligible for Housing Loan subject to following conditions:

  • The loan is covered by primary / collateral security of immovable property in India in the name of PIO.
  • The PIO should hold a valid PIO Card accompanied by a valid foreign passport.
  • A close relative (as defined in Companies Act) residing in India should join as co-obligant to the loan.

Age of the borrower should not exceed 55 years at the end of loan tenure.

Monthly income should be not less than Rs. 30000/-.

To avail the loan, you can apply online in simple steps. After submitting the application, bank will process your application and will be informing further details. You can track the progress of application too.

KYC documents

Proof of Identity – Copy of valid Passport

Copy of valid Visa for continuance of employment

Copy of valid address proof

Passport size photos of the applicant and / co-obligant - Two copies each.

Proof of Income

NRE a/c statement with us/other banks for the past two years.

Salaried NRI's shall produce Embassy attested Salary Certificate/Slip

For non-salaried NRI's, Balance Sheet/Profit & Loss Account for the past two years shall be submitted.

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
  • Any other documents as required by the bank

For Purchase of Ready Built House / Flat

  • Agreement of Sale
  • Building Tax Receipt (latest)
  • Any other documents as required by the bank

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
  • Any other documents as required by the bank

 For House Construction / Extension / Repairs & Renovation:

  • Estimate report from Civil Engineer / Architect Permission for Construction from local authorities
  • Any other documents as required by the bank
Repayment of the loan is made as Equated Monthly Installments (EMI).
You can use any one of the ways to repay the loan:
Please visit the Loan Interest rates page for details.
  • Click here to calculate monthly EMI for this loan