Federal Bank Home Loan in Kochi

Last Updated : May 5, 2018, 1:20 p.m.

About Federal Bank Home Loan in Kochi

The special connection of Federal bank and Kochi can’t be described in words. Kochi is the place from where Federal bank is conducting all its main operations. The main head office of the bank is located in Aluva, Kochi. The bank has taken the task of providing wings to the housing dreams of the people in the city. The product has a wide bandwidth and can be used for construction, repairment and extension of one’s house, in addition to the purchase of a new one. Federal bank has opened over 40 branches in the beautiful city so as to provide the customer the best experience and affordable loans.

Federal Bank Home loan in Kochi at a glance

Important details about Federal Bank Home loan Kochi have been given in the form of a table.

Eligibility criteria

Eligibility norms have to be fulfilled by every applicant who wishes to avail a Federal bank home loan Kochi. 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 Kochi

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, please check out Home Loan Kochi .

Address of Federal Bank branches in Kochi

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