75 Lakh Home Loan Federal Bank

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Informed decisions are the best decisions. When securing a home loan, especially one as substantial as 75 lakhs, understanding the expected EMIs is crucial. Hence, Urban Money offers this all-in-one guide to make your home-ownership journey smooth and predictable. We have covered details such as the 75 lakh home loan EMI Federal Bank, applicable interest rates, eligibility, documentation, associated fees, and nearly everything you need to know about this remarkable credit option. Thus, you can make a more informed decision and confidently stride towards your dream home. To learn more, continue to scroll down!

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Table of Content

1. 75 Lakh Home Loan Federal Bank Highlights

2. 75 Lakh Home Loan EMI for 10 years Federal Bank

3. 75 Lakh Home Loan EMI for 20 years Federal Bank

4. 75 Lakh Federal Bank Home Loan Fees and Charges

5. 75 Lakh Federal Bank Home Loan Documents Required

6. 75 Lakh Federal Bank Home Loan Eligibility Criteria

Written By

Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.

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.

75 Lakh Home Loan Federal Bank – Highlights

Let’s examine the Federal Bank home loan interest rate for 75 lakh and other key parameters:

Interest Rates	Begins at 8.80% per annum
Loan Amount	₹75 Lakh
Loan Tenure	30 years
Eligibility	Both salaried and self-employed individuals are eligible

75 Lakh Home Loan EMI for 10 years Federal Bank

Let’s examine the 75 lakh home loan EMI for 10 years with Federal Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹75 Lakh	8.80% p.a.	10 years	₹94,197	₹38,03,640	₹1,13,03,640

75 Lakh Home Loan EMI for 20 years Federal Bank

Let’s examine the 75 lakh home loan EMI with Federal Bank for 20 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹75 Lakh	8.80% p.a.	20 years	₹66,518	₹84,64,320	₹1,59,64,320

75 Lakh Federal Bank Home Loan – Fees and Charges

Following are the applicable fees and charges of the Federal Bank 75 lakh home loan:

Fee/Charge	Amount
Processing Fee	0.50% of the loan amount
Prepayment charges	3% of the prepayment amount
Late payment charges	2% per month of the overdue amount
Documentation Charges	₹5,000
Stamp duty & other statutory charges	As per the state laws
Legal fee	As actuals

75 Lakh Federal Bank Home Loan – Documents Required

Following are the required documents for the Federal Bank 75 lakh home loan:

Proof of Identity	Aadhaar card, PAN card, passport, voter ID card, etc.
Proof of address	Utility bills, voter ID card, PAN card, passport, etc.
Proof of Income	Last 2 years IT returns/Form no.16, 6-month bank account statement, 3-month pay slips, or business proof (Applicable to self-employed individuals).
Proof of Property	Agreement for sale & construction, allotment letter, title deed, land tax receipt, possession certificate, etc.

75 Lakh Federal Bank Home Loan – Eligibility Criteria

Following are the expected criteria for a 75 lakh home loan eligibility from Federal Bank:

Employment Type	Applicable to salaried, self-employed, or business persons
Age Limit	Below 55 years old
Income Requirement	₹50,000 or higher per month
Credit Score	Preferably 700 or above
Residential Status	Eligible for both Resident Indians (RI) and Non-resident Indians (NRI)

Frequently Asked Questions (FAQs)

What is the EMI for a 75 lakh home loan for 20 years in Federal Bank?

The monthly EMI for a 75 lakh home loan for 20 years, with an annual interest rate of 8.80%, is ₹66,518.

Who is eligible for a 75 lakh home loan from the Federal Bank?

Both salaried and self-employed individuals are eligible for a 75 lakh Home loan from the Federal Bank.

What is the monthly interest rate of a 75 lakh home loan in Federal Bank?

The monthly interest rate for a ₹75 lakh home loan from Federal Bank starts at around 0.733%.

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