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Product Details
Bank Name

Federal Bank

Maximum Loan Tenure

5 Years

Maximum Loan Amount

Maxium INR 25 Lakhs

Interest Rate

.Beginning from 8.8%, higher for individuals with lower Cibil score

Type

Floating

Federal Bank Loan For Purchase Of Housing Plots
Down Payment

Get loan up to 60% of land

Fees and Charges

Processing fee: 0.5% of the loan amount (minimum of INR 10,000 and maximum of INR 45,000). Pre-payment charges: Nil. Penal Interest: 2% (in case of delayed payment).

Minimum CIBIL Score

No

Down Payment and Fees
Apply Now

Federal Bank Loan For Purchase Of Housing Plots

Special Features
Eligibility Criteria
Special Concession
Home Saver Option
No
Features, Eligibility and Concession
Pros
Low interest rate in comparison to private banks. Lower processing fee in comparison to private banks. No prepayment penalty.
Cons
Pros & Cons
Application Procedure

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