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About Federal Bank Home Loan in Lucknow
Federal bank offers a home loan to the people in the city of Nawabs at competitive interest rates and easy monthly EMIs. A loan seeker can now take a home loan from the bank to build a house which he/she can call his/her own home. Federal bank has opened up three branches in Lucknow to provide the eligible applicant the product of his/her choice. Only eligible applicants will be able to secure a home loan from the bank.
Federal Bank Home loan in Lucknow at a glance
Important details about Federal Bank Home loan Lucknow have been given in the form of a table.
|Interest rate||11.49% Onwards|
|Loan amount||Maximum of ₹1500 Lakhs|
|Tenure||Up to 30 years|
|Processing fee||0.50% of the loan amount sanctioned along with service taxes|
Minimum of ₹3,000
Maximum of ₹7,500
Eligibility norms have to be fulfilled by every applicant who wishes to avail a Federal bank home loan Lucknow. 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 Lucknow
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-
- 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
- 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 Lucknow.
Address of Federal Bank branches in Lucknow
The list of Federal Bank Lucknow branches has been given below with their complete addresses, IFSC and MICR details.
|Lucknow Vidhan Sabha Marg||P B No. 178, 29 Vidhan Sabha Marg, Lucknow, 226001, Uttar Pradesh||FDRL0001149||226049002||0522-2618949|
|Gomti Nagar||2/8, Vivek Khand Gomti Nagar Lucknow – 226010 Uttar Pradesh||FDRL0001679||226049003||1800-425-1199|
|Vikas Nagar||C2/78, Vikas Nagarmama Chourahavikas Nagar, Lucknow , Uttar Pradesh 226022||FDRL0001981||Non-MICR||1800-425-1199|