4 Crore Home Loan Federal Bank

For those looking to invest in a luxury property or a posh villa, a significant home loan can be the gateway to your dream residence. Federal Bank offers an impressive home loan option for high-value properties, providing up to 4 crores. This article explores the aspects of the 4 crore home loan from Federal Bank, including its key highlights, EMI calculations, fees and charges, required documents, and eligibility criteria. Whether you're a resident or an NRI, this comprehensive guide will help you navigate the details of securing a premium home loan to elevate your living experience. Discover how Federal Bank can assist you in financing your home purchase with ease.

4 Crore Home Loan Federal Bank – Highlights 

Key highlights of the 4 crore home loan from Federal Bank are in the table below:

4 Crore Home Loan EMI for 10 Years Federal Bank 

The EMI for a 4 crore home loan from Federal Bank for a tenure of 10 years can be calculated based on the current interest rate. Assuming an interest rate of 8.80% p.a., the EMI would be approximately.

4 Crore Home Loan EMI for 20 Years Federal Bank

For a 4 crore home loan from Federal Bank with a tenure of 20 years, the EMI would be calculated considering the interest rate of 8.80% p.a. The estimated EMI for this loan would be around.

4 Crore Federal Bank Home Loan – Fees and Charges 

The fees and charges for a 4 crore home loan from Federal Bank include processing fees

4 Crore Federal Bank Home Loan – Documents Required

Documents required for a 4 crore home loan from Federal Bank typically include identity proof, address proof, income proof, bank statements, property documents, and photographs. Additional documents based on the applicant’s profile and loan requirements may be requested.

For NRI applicants, the following documents are required:

• Certified copy of Passport, Visa, Work Permit, and ID card.
• NRE account statement with any bank for the last year.
• Salary evidence:
  • 6-month salary crediting statement or
  • Embassy/CRO-certified salary certificate, along with the latest salary certificate/salary slip (3 months).

4 Crore Federal Bank Home Loan – Eligibility Criteria

Federal Bank’s 4 crore home loan eligibility criteria accommodate various borrower profiles. Here are the details:

For Resident Borrowers

• Eligibility: Available to individuals and close relatives residing in India.
• Tenure: The maximum tenure for resident customers is 30 years.
• Creditworthiness: Borrowers should meet the bank’s creditworthiness criteria.

For NRI Borrowers

• Eligibility: NRI individuals, including salaried, self-employed, and business persons, are eligible for housing loans. Persons of Indian Origin (PIO) are also eligible, subject to certain conditions.
• Security: The loan must be secured by primary or collateral security of immovable property in India in the name of the PIO.
• Documentation: The PIO must hold a valid PIO card and foreign passport.
• Co-obligant: A close relative (as defined in the Companies Act) residing in India must join as a co-obligant on loan.
• Age: The borrower should not exceed 55 years at the end of the loan tenure.
• Income: The monthly income should be at least ₹50,000.