Federal Bank Home loan Bhubaneswar - IFSC, Rates February 2024, Eligibility, EMI

Federal Bank Home Loan in Bhubaneswar

About Federal Bank Home Loan in Bhubaneswar

Federal bank is one of the most trusted banking institutions in the country. It has created a special place for itself in the hearts of the customer. The bank provides a home loan to eligible applicants in Bhubaneswar at a good rate of interest and longest repayment tenure. The product is one of the most demanded and Federal bank provides it with minimal paperwork and easy monthly installments. Federal bank has opened up four branches in the city of temples. All the branches have emoployees who provide hassle free home loans to the customer in the city.

Federal Bank Home loan in Bhubaneswar at a glance

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

Interest rate10.49% - 17.99%
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 Bhubaneswar. 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 Bhubaneswar

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.                                            


  • 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

Please refer to Home Loan Bhubaneswar for additional details.

Address of Federal Bank branches in Bhubaneswar

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

BranchAddressIFSCMICRCustomer Care
Bhubaneswar14 B, 1St Floor, Janapath, Bapuji Nagar, Bhubaneswar, 751009 , OrissaFDRL00012327510490020674-2532057
Kalpana SquareBhjem School M15 Bjb Nagar Bhubaneswar 751014, OrissaFDRL00015137510490030674-2134445
NadigaonNadigaon, Kudei Post, Soro , Balasore, Orissa, 756045FDRL0002267Non-MICR3043338
Nidhipanda ChakaNidhipanda Chaka, At/Po Nidhipanda Chaka Balasore, Bhubaneswar Orissa 756027FDRL0002239Non-MICR222100

  • Home Loan Interest Rates February 2024
    Axis Bank8.75% - 9.15%
    Bank of Baroda8.50% - 10.60%
    Citibank8.75% - 9.15%
    HDFC8.50% - 9.40%
    ICICI Bank9.00% - 9.85%
    Indiabulls Housing Finance Limited8.65%
    Kotak Bank8.70%
    LIC Housing8.50% - 10.50%
    Piramal Capital & Housing Finance10.50%
    PNB Housing Finance8.50% - 10.95%
    Reliance Home Finance8.75% - 14.00%
    State Bank of India/SBI9.10% - 9.65%
    Tata Capital8.95% - 12.00%