NRI Loan Against Property | Loan Against Property India

Key Features

Your property is worth more than you think. Avail a loan against your property at Federal Bank, and use it for diverse purposes such as expanding your business, covering wedding expenses, medical costs, or your child’s higher education. It’s seamless and flexible to apply for a property loan at Federal Bank. Our team of experts makes it happen as smoothly, securely, and efficiently as possible, and we provide property loans of up to Rs. 20 Crore for a maximum tenure of 15 years. If you’re a salaried individual, business owner, or someone who wants to cover major financial expenses without disrupting savings, here’s a dedicated page that covers all your queries on loans against property and how you can apply for them.

Quick loan processing

Individuals (Residents, Non-residents, PIOs) can apply for the loan

Longer repayment period- up to 15 years

Lower Interest Rates & EMIs

Loan Amount up to Rs.20 Crore

Loan can be availed as overdraft as well as Term Loan

Minimal Paperwork

Surrogate Scheme for Self Employed Category available

Balance Transfer Programs with additional finance

Property Power is offered against residential premises, a plot of land or commercial properties as per your convenience.

*Conditions apply

Important Update: Foreclosure Process for Mortgage Retail Loans

We have streamlined the foreclosure process to make it more efficient and transparent. Customers are requested to approach their home branch to initiate the foreclosure process.

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Important Update: Part Payment Facility for Retail Term Loans

We have introduced a new process for part payments to ensure better management of retail loans. This process brings uniformity and adds control measures for handling part-payment requests. Payments exceeding the specified threshold require Bank approval to ensure appropriate documentation.

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Documents Required

Know more about documents required for Resident Salaried, Resident Self employed, Non-Resident Salaried and Non-Resident Self employed borrowers.

Repayment options

Repayment period for Property Power is maximum 15 years. Repayment of the loan can be made using any one of the ways:

Cheques
Automated loan recovery
Standing instructions at your branch
FedNet - Internet Banking
Automated Payment through ECS

Terms & Conditions

Security

Mortgage of immovable property
Property in the name of close relatives also will be accepted
For granting Property Power to PIOs, the property shall be in their own names.

Insurance

Insurance options for Property Power Loan at attractive Premiums
Amount for insurance can be included as a part of our loan component subject to satisfactory repayment capacity & availability of required security margin as per norms.

Interest Rates

Please click here to know about latest interest rates.

Service Charges

Please visit the Rates & Charges page for details.

Other Conditions

Bank reserves the right to reject any application without assigning reasons thereof

The applicant will undertake to inform the Bank as and when there is a change in address or employment
The terms and conditions mentioned above and elsewhere under the scheme are subject to modification from time to time solely at Bank's discretion.

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Loan Against Property