The Federal Housing Loan scheme assists borrowers for construction of house, acquisition of land & construction of house, repairs / renovation / remodeling / extension of house, reimbursement of debt incurred for construction / purchase / furnishing / beautification / purchase of flat / villa / house plots / takeover of housing loans / supplementary housing loan to employees of well-run companies / purchase of house plot for subsequent construction of house etc.
Features of Federal Bank Home Loans
- Speedy loan approval
- Get loan up to 85% of project cost
- Minimal paperwork
- Loan amount up to Rs.1500 Lakhs
- Longer repayment period