90 Lakh Home Loan Federal Bank

A perfect home can start with the right home loan. Whether you want to build or buy a home, the Federal Bank has the option and resources to disburse funds on time. The bank further ensures eligible applicants can expect low interest rates and reduced processing fees, making it a more cost-effective credit option. Nevertheless, it is vital to clearly understand the 90 lakh home loan EMI with the Federal Bank, enabling you to make a more informed decision. As the right information leads to the ideal choices, Urban Money presents a detailed overview of Federal Bank's 90 lakh home loan. We discuss the estimated EMI, associated fees, eligibility criteria, required documents, and (almost) everything you need to know about this appealing credit option. Let’s get started.

90 Lakh Home Loan Federal Bank – Highlights

Here are the Federal Bank home loan interest rate for 90 lakh and other key parameters:

90 Lakh Home Loan EMI for 10 years Federal Bank

Below is the estimated 90 lakh home loan EMI for 10 years with Federal Bank:

90 Lakh Home Loan EMI for 20 years Federal Bank

Below is the estimated 90 lakh home loan EMI with Federal Bank for 20 years:

90 Lakh Federal Bank Home Loan – Fees and Charges

Here are the applicable fees and charges of the Federal Bank 90 lakh home loan:

90 Lakh Federal Bank Home Loan – Documents Required

Let’s examine the required documents for the Federal Bank 90 lakh home loan:

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

90 Lakh Federal Bank Home Loan – Eligibility Criteria

90 Lakh home loan eligibility in Federal Bank is as follows:

• Age Limit: The applicants should be below 55 years old at the end of the loan tenure.
• Employment Type: The applicants should be salaried, self-employed, or business persons. 
• Income Requirement: The applicants should earn an income of ₹50,000 or higher per month.
• Credit Score: The applicants should have a good credit score, preferably 700 or above.
• Residential Status: The applicants should be either Resident Indians (RI) or Non-resident Indians (NRI).