- Speedy loan approval
- Get loan up to 60% of land
- Minimal documentation
- Loan amount up to Rs.25 Lakhs
Loan is provided for purchasing house plots for subsequent construction of house.
Loan amount up to Rs. 25 Lakhs with a margin of 40%(of cost of land as shown in sale deed + Stamp duty + Registration charges)
Repayment period of the loan is 60 Months
Repayment can be done as easy EMIs.
Security for the loan will be House plot to be purchased and Interim Security for 100% of the loan amount.
Build Your Dream House
Up to 60% finance of cost of land under Federal Purchase of House Plots" Scheme
5 year tenure Loans for Purchasing Plots
Loans up to five years tenure available from Federal Bank for purchase of plots
Pay your EMI's on time to avoid 2% penalty on overdue amount above 30 days
Indicative List of Documents Required for Loan processing
- Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
- Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
- Bank Statement (latest 6 months bank)
- Land Tax Receipt
- Title deed
- Any other documents as required by the bank