Federal Bank Home Loan in Kolkata

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

About Federal Bank Home Loan in Kolkata

Kolkata is the former capital of India and has a special charm of its own. The city’s emerging population has its own set of housing needs. Federal bank provides one of the most convenient options in the form of a home loan to the people of the city. The product can be availed by both salaried employees and self-employed people at an affordable rate of interest. Federal bank has more than 15 active branches in the city of joy so as provide timely home loans to the people.

Federal Bank Home loan in Kolkata at a glance

Important details about Federal Bank Home loan Kolkata 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 Kolkata. 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 Kolkata

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, you can have a look at Home Loan Kolkata .

Address of Federal Bank branches in Kolkata

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