Federal Bank Home Loan in Chennai

Home Loan Rates EMI 2017 55 views

About Federal Bank Home Loan in Chennai

Federal Bank offers a home loan to the people living in Chennai through which they can nurture their dreams of buying a house. The product is offered to every eligible applicant who can pass the criteria set by the bank. The bank offers the product with minimal paperwork and longer repayment term period. Federal bank has opened up more than 20 branches in the capital of Tamil Nadu so that finance never acts as a barrier for the people and timely loan can be delivered to them.

Federal Bank Home loan in Chennai at a glance

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

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 Chennai. 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 Chennai

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 details do check Home Loan Chennai.

Address of Federal Bank branches in Chennai

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

Branch NameAddressIFSCMICRCustomer Care
Anna NagarC 48, Tnhb Complex, Iind Avenue, Anna Nagar, Chennai, 600040 , Tamil NaduFDRL0001324600049006044-26216008
Mount RoadS V S Club Building, 61, Anna Salai, Mount Road, Chennai, 600002 , Tamil NaduFDRL0001100600049003044-28512561
George TownVoltas International Centre, 52 (New No 107), Armenian Street, George Town, Chennai, 600001 , Tamil NaduFDRL0001181600049002044-25342327
Rajaram Mehta Nagar1St Floor, # 25, Nelson Manickam Road, Rajaram Mehta Nagar, Chennai, 600029 , Tamil NaduFDRL0001233600049004044-23740563
RoyapettahP B No. 5569, No.1, Beemasena Garden, Royapettah High Road, , Mylapore, Chennai, 600004 , Tamil NaduFDRL0001282600049005044-24993441
T NagarSecond Floor, Gold Crest, 54 - 55, North Usman Road, T Nagar, Chennai, 600017 , Tamil NaduFDRL0001386600049007044-28158717
AdyarDoor No.46 (Opp. To Impcops), Lattice Bridge Road, , Chennai, 600041 , Tamil NaduFDRL0001441600049008044-24404058
VadapalaniSri Valli Towers, 86.Jawaharlal Nehru Road, (100 Feet Road), Chennai / Vadapalani, 600026 , Tamil NaduFDRL0001444600049009044-24812969
Cms61, Anna Salai, Chennai 600002 , TamilnaduFDRL0001444600049009044-28510645
PurasawalkamDoor No.47, Gangadeeswarar Koil Street, Purasawalkam, Chennai, 600084 , Tamil NaduFDRL0001457600049011044-26651129
PeramburNo.39, Srp Koil Street , North Street, Tvk Nagar , Perambur West , Chennai 600082 Tamil NaduFDRL00019336000490271800-425-1199
Chennai Mount Road ExtensionAsan Memorial Senior Secondary School No 1 Anderson Road Chennai 60006 Tamil NaduFDRL00015216000490280442 28272213
Tambaram58 Ground Floor Kakkan St West Tambaram Chennai 6000045 Tamil NaduFDRL0001536600049012044-22261114 22261115
Porur4/70 Arcot Road Porur Chennai 600116 Tamil NaduFDRL0001564600049015044-24763791
Chennai Zonal OfficeBhattad Tower First Floor 30 West Cott Road Royapettah Chennai 600014, Tamil NaduFDRL0000171Non-MICR91-44-28587516
Funds & Investment62 (Upstairs), Mount Road, Chennai, 600002 , Tamil NaduFDRL0000502600049001044-28583306

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