80 Lakh Home Loan Federal Bank

An 80 Lakh Federal Bank Home Loan offers to help individuals with various home-related financing needs. Whether you are planning to build your dream home from the ground up, purchase a flat, or even acquire land for future construction, Federal Bank provides the financial support you need.

With the possibility to finance up to 85% of your project costs, the bank makes it feasible for you to begin your home creation journey without heavy initial burdens. You can obtain loans up to Rs 15 crores.

Understanding that repayment flexibility is crucial, the Federal Bank 80 Lakh Home Loan offers an extended repayment tenure of up to 360 months and a helpful repayment holiday of up to 36 months. This gives you an ideal option to avail yourself of a loan when you need it most during the initial stages of settling into your new home or completing your construction. The loan approval process is smooth and simple, reducing paperwork and clearing the path to obtaining funds. The absence of pre-closure charges and low processing fees make these loans even more attractive.

80 Lakh Home Loan Federal Bank – Highlights

Below are the interest rates for a home loan of 80 lakhs from Federal Bank, along with other important factors:

80 Lakh Home Loan EMI for 10 Years Federal Bank

Following is the 80 Lakh home loan EMI for 10 years at Federal Bank:

80 Lakh Home Loan EMI for 20 Years Federal Bank

Following is the 80 lakh home loan EMI for 20 years at Federal Bank:

80 Lakh Federal Bank Home Loan – Fees and Charges

Let’s explore the fees and charges for an 80 Lakh home loan at Federal Bank:

80 Lakh Federal Bank Home Loan – Documents Required

Following are the documents required for an 80 Lakh Federal Bank Home Loan:

• • Two passport-sized photographs are required for both the applicant and the co-obligant.
  • Identity proof: Passport, Voter’s ID, Driving License, PAN Card, or Aadhaar Card.
  • Address proof: Passport, Voter’s ID, Driving License, or Aadhaar Card.
  • Age Verification: Passport, Birth Certificate, Driving License, SSLC, or AISSE Certificate.
  • NRI applicants must provide certified copies of passports, Visa, Work Permit, and ID cards.

• For Salaried Individuals;

• Recent Salary Certificate or Salary Slip covering the last 3 months.
• Copies of Income Tax returns for the past 2 years or Form No.16 for the past years.
• Deposit the Bank Account statements for the last 6 months showing salary credits.

• For Self-Employed:

• Evidence of Business existence & Business Profile are required.
• Provide bank account statements for the last 12 months.
• Submit Income Tax returns for 2 years along with Balance Sheet and Profit & Loss Account for the corresponding period. If available, collect Tax-paid challans as well.
• Submit the last 2 years’ Income Tax returns supported by Tax calculation sheet and Tax paid challans.

80 Lakh Federal Bank Home Loan – Eligibility Criteria

Eligibility criteria for an 80 Lakh Federal Bank Home Loan are as follows:

• They need to have property in India as security for the loan.
• They must have a valid PIO Card and a valid foreign passport.
• A close relative living in India should also be included in the loan.
• The person taking the loan should not be older than 55 when the loan ends.
• They should earn at least Rs. 50,000 per month.