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Loan 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
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
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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Product Review
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