35 Lakh Home Loan Federal Bank

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The Federal Bank 35 lakh home loan offers great opportunities for those looking to buy or build their dream home. Interest rates start at just 8.80% p.a. and reach up to 10.30% based on your financial profile and creditworthiness. This is, in fact, among the best in the market compared to other banks' offerings. The Federal Bank further provides more personalised repayment options, reduced processing fees, moderate eligibility requirements, simple documentation processes, and quick fund disbursement. It makes it a user-friendly option for prospective homeowners. However, there are certain things you must be aware of before finalising your decision. These may include the 35 lakh home loan EMI at Federal Bank, applicable interest rates, required documentation, and more. Continue reading for more insights.

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Table of Content

1. 35 Lakh Home Loan Federal Bank Highlights

2. 35 Lakh Home Loan EMI for 10 Years Federal Bank

3. 35 Lakh Home Loan EMI for 20 Years Federal Bank

4. 35 Lakh Federal Bank Home Loan Fees and Charges

5. 35 Lakh Federal Bank Home Loan Documents Required

6. 35 Lakh Federal Bank Home Loan Eligibility Criteria

Written By

Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

35 Lakh Home Loan Federal Bank – Highlights

Here are the Federal Bank home loan interest rate for 35 lakhs and other key parameters:

Interest Rates	8.80% to 10.30% p.a.
Loan Amount	35 lakh or higher, based on your financial status
Loan Tenure	Up to 30 years
Eligibility	Applicable to Indian residents, NRIs, and PIOs

35 Lakh Home Loan EMI for 10 Years Federal Bank

Here are the expected Federal Bank housing loan EMI for 35 lakhs with a tenure of 10 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹35 Lakh	8.80% p.a.	10 years	₹43,959	₹17,75,080	₹52,75,080

35 Lakh Home Loan EMI for 20 Years Federal Bank

Here are the estimated 35 lakh home loan EMI at Federal Bank with a tenure of 20 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹35 Lakh	8.80% p.a.	20 years	₹31,042	₹39,50,080	₹74,50,080

35 Lakh Federal Bank Home Loan – Fees and Charges

Beyond the Federal Bank home loan interest rate of 35 lakh, there are certain fees and charges you must be aware of, as follows:

Fee/Charge	Amount
Processing Fee	0.50% of the loan amount
Prepayment charges	Nil
Late payment charges	2% per month on the overdue amount
Stamp duty & other statutory charges	As per the state law

35 Lakh Federal Bank Home Loan – Documents Required

Here are the required documents for a Federal Bank 35 lakh home loan:

KYC Documents	Aadhaar card, passport, election ID, driving license, PAN card, etc
Income Documents	3-month salary slips, 2-year IT returns/Form No.16, and 6-month bank account statements.
Property Documents	Agreement for sale & construction, allotment letter, title deed, land tax receipt, etc.

35 Lakh Federal Bank Home Loan – Eligibility Criteria

35 lakh home loan eligibility at Federal Bank is as follows:

Age Limit	21 – 55 years old
Credit Score	Preferably 700 or above
Income Requirement	As per the bank’s discretion
Employment Type	Salaried employees, businessmen, professionals, or self-employed individuals.
Residential Status	Indian residents, Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs)

Frequently Asked Questions (FAQs)

What is the EMI for a 35 lakh home loan for 20 years in Federal Bank?

The expected EMI for a ₹35 lakh home loan with a 20-year term from Federal Bank, carrying an annual interest rate of 8.80%, is ₹31,042.

Who is eligible for a 35 lakh home loan from the Federal Bank?

Indian residents, non-resident Indians (NRIs), and persons of Indian origin (PIOs) are eligible applicants for a 35 lakh home loan from the Federal Bank.

What is the monthly interest rate of a 35 Lakh home loan in Federal Bank?

The monthly interest rate for a ₹35 lakh home loan from Federal Bank is 0.73%.

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