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About Federal Bank Home Loan in Mumbai
Mumbai is the city of dreams and the entertainment capital of India. People wish to have their own home in the city of Mumbai. The city has one of the highest property rates in the market and it becomes difficult for the normal person to buy a house at such high rates. This is where a Federal Bank home loan Mumbai comes into the picture. The bank offers a home loan to interested applicants who are able to pass the eligibility test. The bank provides a long repayment tenure, attractive interest rate and speedy loan approval to the applicant. To facilitate the same, the bank has opened up more than 20 branches in the city that never sleeps.
Federal Bank Home loan in Mumbai at a glance
Important details about Federal Bank Home loan Mumbai have been given in the form of a table.
|Interest rate||11.49% - 17.99%|
|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 Mumbai. 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 Mumbai
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 extra information have a proper look at Home Loan Mumbai
Address of Federal Bank branches in Mumbai
The list of Federal Bank Mumbai branches has been given below with their complete addresses, IFSC and MICR details.
|Mumbai / Fort||P B No. 251, 32, Bombay Samachar Marg, Fort, Mumbai, 400001 , Maharashtra||FDRL0001099||400049005||022-22654455|
|Andheri||P B No. 17387, 8, 9, 10, Laram Centre, S.V.Road, Andheri (West), Mumbai, 400058|
|Dadar||P.B.No. 5529, Rajgir Court, , 6 Kohinoor Road, , Dadar (East), Mumbai, 400014 , Maharashtra||FDRL0001199||400049003||022-24147384|
|Crawford Market||92, Mimson House, L T Marg, Crawford Market, Mumbai, 400003 , Maharashtra||FDRL0001285||400049004||022-23453202, 3203, 3315|
|Dombivli||101 - 105, Kasturi Plaza Complex, Manpada Road, Tilak Nagar, Dombivli (East), Mumbai, 421201 , Maharashtra||FDRL0001358||400049006||0251-2862177|
|Vashi||P B No. 172, No.51 Apsara Apartments, Sector 17, Vashi, Navi Mumbai, 400705 , Maharashtra||FDRL0001369||400049007||022-27899656|
|Corporate Banking||Corporate Banking Branch, 12/227, Nariman Bhavan, 1St Floor, Nariman Point, Mumbai, 400021 , Maharashtra||FDRL0001385||400049009||022-22844532|
|Borivali||Sunder Bungalow, S.V.Road, Opp.Pushpa Park, Fly Over, West Borivali, Mumbai, 400092 , Maharashtra||FDRL0001391||400049011||022-28066633|
|Vile Parle||Wembley Ground Floor, Off Nehru Road, Near Adarsh Petrol Pump, Vile Parle East, 400057 , Maharashtra||FDRL0001393||400049008||022-26154635|
|Bandra West||B - 989 Casa Adriana, 15, St. John Baptist Road, Bandra (West), Mumbai, 400050 , Maharashtra||FDRL0001398||400049012||022-2641537|
|Chembur||Shop No.1, Ed - El, Plot No.208, , Central Avenue Road, Chembur, Mumbai, 400071 , Maharashtra||FDRL0001399||400049013||022-25298105|
|Dadar West||Plot 350 Neminath Apt, Bhaindarkar Marg Dr Sk Bole Road Dadar West Mumbai|
|Kandivali||93 94 & 95 Venues Chs Ltd 17 Evershine Millennium Paradise Thakur Village, Kandivali East Mumbai - 400101 Maharashtra||FDRL0001622||400049024||022 28874433 28463083|
|Kalina||Ground Floor Aiswarya Towers C S T Road Santacruz East Mumbai – 400098||FDRL0001682||400049027||1800-425-1199|
|Malad West||Ground Floor, Link House, Chincholi Bunder, Malad West, Mumbai, Maharashtra - 400 064||FDRL0001836||400049035||1800-425-1199|
|Andheri East||Ground Floor, Mariam Apartment, Opp Gurudwara, Sher E Punjab Society, Mahakali Caves Road, Maharashtra - 400093||FDRL0001829||400049034||9867954680|