Federal bank offers housing loan scheme assists borrowers 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.
Highlights
Interest Rate
0%
Loan Amount
15-20%
Tenure
Min. - 1 Yrs.
Max. - 30 Yrs.
Time to Process Loan
7 days
Interest Rates
Tenure
Interest Type
Interest Rate
Offer
1 - 30 Yrs.
Fixed
11.08 %
Regular (Housing Loan up to Rs.30 lakhs-10.83%
Housing Loan above Rs.30 lakhs to less than 75 lakhs - 11.08
Housing Loan of Rs.75 lakhs and above - 11.33%)
Fees & charges
Fees & charges
Late Payment Penalty
2 %
Pre-Payment Charges
2 %
Special Offers
Special Offers
Purchase/Construction of House/flat
Reimbursement of cost of house/flat already constructed/purchased
Purchase of land and with house
Purchase of land for subsequent construction of house