Federal Bank Home Loans

Federal Housing Loan

Processing Fee

Loan Amount
₹ Up to 15 Crores
1 - 30 Years


Is it mandatory to pay the margin money? If yes, how much do I have to pay?

Yes, margin money on the loan is mandatory to be paid in upfront. Currently, Federal Bank has set the bar to 15% - 20% for margin money. For an example, if you have applied for home loan of Rs. 1 Crore, then you have to pay an upfront of Rs. 15 Lacs to Rs. 20 Lacs to be eligible to avail the loan.


Is it necessary to provide the security/collateral for home loan? If yes, what are the requirements for it?

Yes, security is necessary to be held with the bank in order to avail the loan. A mortgage of land or building is acceptable to the bank for security of the home loan.


How do I update contact number, email or any other KYC details for my home loan?

You can update your KYC details for the home loans in following ways –



How do I repay my home loan?

Repayment of home loan can be done using the following methods –



What are the various Marginal Cost Lending Rate (MCLR) benchmarks offered by Federal Bank?

Mentioned below is the MCLR benchmarks set the Federal Bank –



The MCLR benchmarks mentioned above are effective from  Aug 16th, 2017.


How do I calculate my EMI?

The EMI consists of the principal amount and the interest to be paid on the outstanding amount. You can calculate your EMI by taking into account the loan amount, the time frame for repaying the loan and the interest rate on the borrowed amount.


EMI = P x R(1+R)^N / (1+R)^N - 1


Where P stands for the principal amount you have borrowed from the bank. R stands for monthly interest rate you have to pay, for an example if interest rate per annum is 10% then 10/(12x100).


N stands for the loan repayment period as set the bank at the borrower's discretion.


For example, EMI = 1,00,000 x 0.01 x (1+0.01)^24 / (1+0.01)^24 -1 =  Rs. 4,707




P i.e. Principal Amount = loan taken = Rs. 1,00,000


R i.e. Interest rate per month = 1% = 0.01


N i.e. loan repayment period in months = 2 Years = 24 months


The EMI may be subject to change when interest rate changes or a part-payment of the Loan is made. Every month, part of the EMI is adjusted towards the interest payable and the balance is adjusted towards repayment of the principal.


You can also calculate your EMI using the EMI Calculator


Being a NRI (Non-Resident Indian), what additional documents I have to provide to avail the home loan?

For an NRI applicant, following of the documents are necessary in addition to the normal documents –



What property related documents I have to provide at the time of application?

Following of the property documents are necessary to be provided if loan is availed for purchase of approved under-construction Flats.



Following of the property related documents are necessary to be provided if loan is availed for purchase of unapproved under-construction Flats or unapproved Ready Built Flats



If loan is availed for acquisition of land and construction thereon, then following of the property related documents are necessary to be submitted with the application –



If home loan is availed for acquisition of approved Ready Built Flats then following documents are necessary –



If you have availed the loan for acquisition of Ready built House, then the following documents are mandatory –


For construction of house in the already owned land, the following documents are mandatory to be provided with the application –



Following of the documents related to the property are mandatory to be provided if loan is availed for repair, renovation, remodeling, extension of existing house, flat, villa –