Loan Against Property

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.
 
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Quick loan processing
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Individuals (Residents, Non-residents, PIOs) can apply for the loan
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Longer repayment period-  up to 15 years
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Lower Interest Rates & EMIs
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Loan Amount up to Rs.20 Crore
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Loan can be availed as overdraft as well as Term Loan
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Minimal Paperwork
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Surrogate Scheme for Self Employed Category available
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Balance Transfer Programs with additional finance
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Property Power is offered against residential premises, a plot of land or commercial properties as per your convenience.

*Conditions apply

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:

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 

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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