Federal Bank Home Loan in Bengaluru

Home Loan Rates EMI 2017 41 views

About Federal Bank Home Loan in Bengaluru

It is like a dream come true when you are able to build your own dream home. Having a home of your own becomes an investment of a lifetime. With the same thought in mind, Federal bank offers a home loan to eligible applicants in the Silicon Valley of India, Bengaluru. The loan can be used to construct, repair, renovate, extend a house or even buy a piece of land. People in the city of Bengaluru can now take a home loan at affordable rates. Federal bank has opened more than 20 branches in the city to ensure proper disbursal of the home loan to eligible applicants.

Federal Bank Home loan in Bengaluru at a glance

Take a look at key information about the product offered by Federal Bank in Bengaluru.

ParticularDetails
Interest rate11.75% - 14.65%
Loan amountMaximum of ₹1500 Lakhs
TenureUp to 30 years
Processing fee0.50% of the loan amount sanctioned along with service taxes
Minimum of ₹3,000
Maximum of ₹7,500
Pre-payment chargeNIL

Eligibility criteria

Eligibility norms have to be fulfilled by every applicant who wishes to avail a Federal bank home loan Bengaluru. The different norms have been mentioned below. Have a look at them.

  • Self-employed individuals, businessmen, and salaried individuals are eligible to apply for a home loan.
  • The total employment/business stability should be at least two years.
  • The applicant should be working in their current job/profession/business for a period of at least one year
  • The applicant must be earning sufficient enough to repay the loan. He/she must earn a minimum net monthly income of ₹15,000 in order to avail a home loan
  • The applicant must be over the age of 21 at the time of loan application. The maximum age has been kept at 55 years.

Documents required for a Federal Bank Home loan Bengaluru

The list of all the essential documents needed for a smooth and hassle free disbursal of a home loan is right here. Have a proper look at them-

  • Two photographs of passport size of the applicant and the co obliged
  • Proof of Age- Birth Certificate/Passport/ SSLC or AISSE Certificate/Driving License
  • Completely filled application form
  • Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill
  • Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card
  • Proof of Income-

Salaried individuals

  • Salary slip of three months /Latest salary certificate,
  • IT returns of the past two years or Form 16
  • bank statement of the past six months.                                            

 Self-employed

  • Bank account statements of the previous 12 months
  • Income Tax returns of the previous two years along with Balance Sheet/ Profit & Loss account
  • Proof of the existence of business and its profile
  • IT returns of the past two years supported by tax calculation sheet

Property documents-

  • Letter of Allotment
  • Agreement for Sale & construction
  • Certificate of possession
  • Tripartite Agreement to be given before disbursal of home loan
  • Detailed cost of construction and Land tax receipt

For more information, do refer to Home Loan Bengaluru.

Address of Federal Bank branches in Bengaluru

The list of Federal Bank branches in Bengaluru has been given below with their complete addresses.

Branch NameAddressIFSCMICRCustomer Care
Residency RoadP B No. 25058, 44 & 45 Residency Road, Museum Road P O, Bangalore, 560025 , KarnatakaFDRL0001104560049003080-25591407
Gandhi NagarP B No. 9981, No. 11, 1St Cross, Gandhi Nagar, Bangalore, 560009 , KarnatakaFDRL0001189560049002080-22385208
BasavanagudiNo 70, Gandhi Bazar Main Road, First Floor, Basavanagudi, Bangalore, 560004 , KarnatakaFDRL0001318560049004080-26617616
Rajaji NagarNo. 60/60, Raj Chambers, Dr. Rajkumar Road, 2Nd Block, Rajaji Nagar, Bangalore, 560010 , KarnatakaFDRL0001334560049005080-23522007
Jaya NagarK M Plaza, , Kanakapura Main Road, 30Th Cross, 7Th Block, Jayanagar, Bangalore, 560082 , KarnatakaFDRL0001387560049006080-26655558
Marathahalli86/80, 1St Floor, Main Road, Marathahalli, Bangalore, 560037 , KarnatakaFDRL0001454560049007080-25227111
BanaswadiNo.7, Ward No.88, Banaswadi Main Road, , Bangalore, 560043 , KarnatakaFDRL0001471560049009080-25420700
Rt NagarNo.20, Ist Main Road, 108 B Bus Station, Ganga Nagar, R T Nagar P O, Bangalore, 560032 , KarnatakaFDRL0001472560049010080-23434258
Indiranagar315/1, 100 Feet Road, Opp Post Office, Indiranagar, Bangalore, 560038 , KarnatakaFDRL0001535560049012080-25212341
KrishnarajapuramVsr Complex Old Madras Rd Krishnarajapuram Bangalore 560036, KarnatakaFDRL0001561560049014080-25619070
Vignana Nagar No 2 And 5 Sands Plaza Vignana Nagar Main Road Bangalore 560037 KarnatakaFDRL0001629560049019080 25238900
Vijaya Nagar# 21, 17Th Cross, Chord Road, Near Maruthi Mandir, Vijayanagar, Bangalore 560040 KarnatakaFDRL0001643560049020080 23159121, 23159123
Jalahalli17/1, Savithri, S M Road, Bangalore - 560015.FDRL0001582560049015080 28372201, 28372202
Bangalore J P NagarU.D.N Altius, 100 Ft Ring Road, 6Th Phase, J P Nagar, Bangalore - 560078, KarnatakaFDRL00018975770495239743223830
Bangalore Hsr LayoutNo.19, 15Th Cross, 15Th Main, Sector Iv, Hsr Layout , Bangalore - 560102FDRL00017695600490249916989278
BanashankariSudhama, No.299, 100Ft.Ring Road 4Th Phase, 7Th Block , Banashankari 3Rd Stage , Bangalore, Karnataka 560085FDRL00017815600490261800-420-1199
BangaloreGarden City College, 16Th Km Old Madras Road, Virgonagar Post, Bangalore Urban Dist, Bangalore 560049FDRL0002201Non-MICR66487637
SadashivanagarNo 88 , Keerthi , 2Nd Main, Palace Guttahalli P O , Bangalore , KarnatakaFDRL0002198Non-MICR9916352599
Bangalore / Funds & InvestmentFunds And Investment Branch, No.11, 2Nd Floor, 1St Cross, Gandhinagar, Bangalore, 560009 , KarnatakaFDRL0000506560049001080-22201998

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