Federal Bank Home Loan in Hyderabad

Home Loan Rates 2017 60 views

About Federal Bank Home Loan in Hyderabad

Hyderabad is one of the top cities of India and is proudly known as the city of pearls. People in the city are now able to fulfill their dreams of owning a house with the help of a Federal bank Home loan. The product is very much in demand these days and can be used to buy a house or repair or extend an existing one. Federal bank provides the same in all its branches in the city at affordable interest rate.

Federal Bank Home loan in Hyderabad at a glance

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

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 Hyderabad. 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 Hyderabad

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

Please refer to Home Loan Hyderabad, in case you want extra information.

Address of Federal Bank branches in Hyderabad

The list of Federal Bank Hyderabad branches has been given below with their complete addresses, IFSC and MICR details.

Branch NameAddressIFSCMICRCustomer Care
HyderabadP B No. 230, Orient Estate, Abids Road, Hyderabad, 500001 , Andhra PradeshFDRL0001124500049002040-23205381
Hyderabad Lakdi Ka Pul6 - 2 - 953 /Krishna Plaza, Raj Bhavan Road, Khairatabad, Lakdi Ka Pul, Hyderabad, 500004 , Andhra PradeshFDRL0001332500049003040-23322755
Punjagutta6 - 3 - 456/C1 & C2, Ground Floor, Mgr Estates, Dwarakapuri Colony, Punjagutta, Hyderabad, 500082 , Andhra PradeshFDRL0001473500049005040-23357575
Madhapur80/81 Arunodhaya Colony Madhapur P O Hyderabad 500081FDRL0001555500049006040 23115250 23115260
Hyderabad / Service BranchNo 301 Iii Floor Dega Towers Rajbhavan Road Somajiguda, Begumpet Hyderabad 500082FDRL0000516500049001040 23303305 23303306
MalakpetGround Floor, D.No. 16-11-20/6/6/1/1, Opp. Tv Tower, Gafoor Bagh, Saleem Nagar Colony, Malakpet, Hyderabad - 500036, Andhra PradeshFDRL0001826500049014040 24540022; 040 24540000
Hyderabad Banjara HillsPrasanthi, Road No.92Banjara Hills , Hyderabad, Andhra Pradesh 500034FDRL0001843Non-MICR1800-425-1199
VanasthalipuramHills Colony, Prasanthi Nagar, Vanasthalipuram, Hyderabad , Andhra PradeshFDRL0001943Non-MICR1800-425-1199

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