Federal Bank Home Loan for Government Employees

  • Home Loan By Amount
  • Home Loan By Profession
  • Home Loan By Property
  • Home Loan By Other

Federal Bank offers convenient home loan products for government employees looking to purchase their dream home. With competitive interest rates and flexible repayment options, Federal Bank home loans for government employees make it easier for all government employees to own a home of their own. Additionally, the bank provides specialised services to cater to the needs of government employees, including quick loan approvals, a top-up facility, and an overdraft facility. To make the loan process even more convenient, Federal Bank also offers an online application tracking system for transparency. 

Get in Touch for Home Loan Expert Advice
Connect with our Home Loan Advisor Now!
  • Personalized Home Loan solutions
  • Expert guidance
  • Application assistance
  • Credit score discussion
  • Home Loan Interest rate comparison
+91
Choose City

Table of Content

1. Federal Bank Home Loan for Government Employees Highlights

2. Federal Bank Home Loan for Government Employees Fees and Charges

3. Federal Bank Home Loan for Government Employees Documents Required

4. Federal Bank Home Loan for Government Employees Eligibility Criteria

5. Federal Bank Home Loan Schemes for Government Employees

Read more
Written By
Utsah Sharma
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
Piyush Bothra
Piyush Bothra
Chief Financial Officer, Square Yards
Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Federal Bank Home Loan for Government Employees – Highlights 

Feature Description
Interest Rate 8.80 (2024 Repo Rate + 2.30) – 10.25 (2024 Repo Rate + 3.75)
Loan Amount Up to Rs 15 crore
Tenure
  • Up to 30 years for PIO 
  • Up to 20 years for NRI
Any Hidden Charges No hidden charges

Federal Bank Home Loan for Government Employees – Fees and Charges 

Here are the major fees and charges associated with the Federal Bank home loan for government employees.

Particulars Charges/Fee
Processing Fee 0.50% of the loan amount(min of
Rs.10000/- and maximum
of Rs.200000/-)
Part-Payment/Pre-payment/Loan Pre-closure/Foreclosure Fees
  • Floating rate loans– Nil
  • Fixed
    rate loans with Overdraft and Hybrid Loans – 3% on
    the balance outstanding or
    DP, whichever is higher.
Delayed Payment Penalty 2% charged
on the overdue
amount
Interest Rate Type Switching charges 0.25% of the loan balance
/ Drawing
power (whichever amount is
higher)

Federal Bank Home Loan for Government Employees – Documents Required

Here is a list of the Federal Bank home loan documents required for government employees.

  • Aadhaar Card
  • Pan Card
  • Last 6 Months Bank Statement of salary account or savings account where the salary gets credited.
  • KYC documents of the primary applicant and co-applicant
  • Passport copy, VISA, ID Card, Work Permit (only for NRI applicants)
  • Last 2 years’ IT returns/Form 16
  • Salary slips for the previous three months.

Federal Bank Home Loan for Government Employees – Eligibility Criteria

Criterion Description
Residency Resident of India 
Credit Score Depending on the bank policy 
Age PIO and Resident of India – No set requirements
Work Experience 2 years 

Proof of employment (appointment letter, salary slips, promotion letter, etc.)

Federal Bank Home Loan Schemes for Government Employees

There are three Federal Bank home loan schemes for government employees.

  • Federal Bank Home Loan: Federal Bank Housing Loan is a regular loan scheme for diverse housing requirements. The loan amount can be up to Rs 15 crore and the LTV ratio can go up to 85% of the project cost. Federal Bank home loan interest rate of 2023 for government employees ranges from 8.80%-10.25% p.a. 
  • Federal Bank Loan for Purchasing Residential Plot: Federal Bank offers up to Rs 25 lakh loans for purchasing residential plots to build homes. The loan tenure can go up to 5 years and the loan amount can be up to 60% of the cost of the land.
  • Federal Bank House Warming Loan: Federal Bank House Warming Loan is a top-up facility that offers up to Rs 2 lakh to home loan borrowers for meeting personal expenses related to house warming. The loan has a tenure of up to 5 years and is available to both existing and new Federal Bank home loan borrowers.

Frequently Asked Question (FAQs)

How much home loan a govt employee can take from Federal Bank?

Government employees can apply for a home loan up to Rs. 15 Crore from Federal Bank.

What are the two home loan schemes provided by Federal Bank to govt employees?

The three home loan schemes offered by Federal Bank to government employees are- Federal Bank Housing Loan, Home Loan for Purchasing Plot and House Warming Home Loan.

What is the maximum age to repay the Federal Bank home loan for govt employees?

The maximum age to repay the Federal Bank home loan for government employeesis 55 years for NRIs, with no maximum age set for PIO applicants.

Who is eligible for Federal Bank Home Loan for Government Employees?

All central and state government employees are eligible for the Federal Bank home loan scheme for government employees.

Quick Links

Loan Offers By Federal Bank's

Home Loan by Private Bank

Home Loan by Nationalized Bank

Home Loan by NBFC

Home Loan Calculators

Federal Bank Calculators

Bank wise Home Loan Calculators

Bank Wise Home Loan Interest Rate

Urban Money

Disclaimer:

The website may provide information about various loan products, insurance products, credit scores & links to other websites or resources over which urbanmoney.com does not have control as such information & links are received from the Banks, NBFCs, Insurance companies & credit rating agencies. Users of this website acknowledge that urbanmoney.com is providing these information & links only as a convenience, and further agree that urbanmoney.com is not responsible for the veracity of such information. Please note that users are advised to independently verify the information & do other requisite due diligence before making any decision and that urbanmoney.com nor its employees, partners, and associated staff are not accountable for any loss, harm, or damage due to usage of information from this website.  And further that user’s use of links to such external websites are subject to the terms of use and privacy policies located on those sites.

© 2025 www.urbanmoney.com. All rights reserved.