Federal Bank Property Loan Interest Rates
Starting at 9.50% p.a. onwards*
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, the property loan scheme of Federal Bank. 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.
Property Loan Interest Rates
Rate of Interest will change subject to the changes made by Bank/RBI from time to time. Please refer latest interest rates on property loans. Whenever interest rates are changed, new rates and corresponding EMI shall be communicated to the borrower.
Property Loan Charges
Federal Bank ensures transparency and affordability when it comes to property loan charges, making it a trusted choice for homebuyers and investors. The bank levies a processing fee for the loan amount. There are no prepayment or foreclosure charges for floating-rate loans availed by individuals, which adds flexibility to your repayment plan. Additionally, Federal Bank maintains clear communication on other charges such as penal charges, switching fees, and documentation services, ensuring there are no hidden surprises. With competitive rates and customer-friendly policies, Federal Bank makes property financing simple and stress-free.
Please refer service charges page for more details
Factors Affecting Property Loan Interest Rates
Property loan interest rates are influenced by a variety of factors that determine your loan eligibility and repayment terms. Key elements include your credit score, which reflects your financial discipline, and your income stability, which assures lenders of your repayment capacity. The loan amount and tenure also play a role, as higher amounts or longer durations may attract different rates. Additionally, the type and location of the property, your existing relationship with the bank, and whether you opt for fixed or floating interest rates can significantly impact the final rate offered. Understanding these factors can help you secure a better deal and plan your finances more effectively.
1. Credit Score
A higher credit score usually leads to lower interest rates due to lower perceived risk.
2. Loan Amount & Tenure
Larger loan amounts or longer tenures may attract higher interest rates depending on the lender’s policy.
3. Income & Employment Stability
Stable income and employment history improve your eligibility for better interest rates.
4. Type of Interest Rate
Fixed rates remain constant, while floating rates vary with market conditions.
5. Property Location & Value
Loans for properties in prime locations or with higher market value may attract better rates.
6. Relationship with the Bank
Existing customers with good transaction history may receive preferential interest rates.
*T&C apply
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