Federal Bank Loan Against Property

Apply For Loan Against Property

Purpose: Federal Bank Loan Against Property

Personal needs of lawful nature.

 

Loan Amount: Federal Bank Loan Against Property

Rs 2 Lakhs to Rs 150 Lakhs

 

Eligibility: Federal Bank Loan Against Property

Monthly-installments for the payment of  loan, including the installments for proposed loan. It  should not be more than 50% of 'gross-salary' or re-payment towards loan should not be greater than 50 % of the last-year’s annual-income. 'Spouse’s income' can be clubbed.

 

Margin: 50% of security value

Period: Maximum 60 months

 

Federal Bank Loan Against Property Interest Rates

 

Mortgage loan

0.50% of the limit

sanctioned with a

minimum of  1000/-.

50% of Normal PF

2% on the balance outstanding or DP

whichever is higher for limits above Rs.2L.

NA

NA

00

2% of

overdue

amount

00

 

Repayment: "Equated Monthly Installments"

Co-obligant: Spouse must join as his/her co-obligant but, In the case of 'spinsters' and 'bachelors', their parents would join as co-obligant.

 

Security: Federal Bank Loan Against Property: 'Un-encumbered property' in the name of borrower or their close relatives but in case of NRIs, their property should be in the name of 'NRI borrower'.

 

Leading Loan Against Property Providers (Click to Apply)
Axis Bank Loan Against Property HDFC Loan Against Property ICICI Loan Against Property Citibank Loan Against Property Other Banks

 


 

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