Federal · Home Loan
Federal Bank home loan, 2026.
Reviewed by Jay Patel· Last reviewed: stale
Federal home loan from 8.4% p.a., up to Rs 5 Cr over 30 years. Through MMH, we negotiate sharper rates and faster processing than a walk-in.
Interest Rate
8.4% – 9.45%
Max Amount
Rs 5 Cr
Max Tenure
30 Years
Processing Fee
0.50%
Federal Home Loan — Key Features
What makes Federal's home loan offering stand out.
Strong NRI desk
Kerala & South India specialist
Digital application
No prepayment charges
Federal Home Loan Rate Details
Complete breakdown of interest rate, fees, and terms.
| Interest Rate (p.a.) | 8.4% – 9.45% |
| Rate Type | Floating (linked to EBLR / RLLR) |
| Processing Fee | 0.50% (max Rs 7,500) |
| Maximum Loan Amount | Rs 5 Crore |
| Maximum Tenure | 30 Years |
| Prepayment Charges | Nil (for floating rate) |
| Late Payment Fee | 2% p.a. on overdue amount |
Federal Home Loan EMI Examples
Approximate monthly EMI at 8.4% p.a. interest rate.
| Loan Amount | Tenure | Monthly EMI |
|---|---|---|
| Rs 20,00,000 | 15 years | Rs 19,578 |
| Rs 35,00,000 | 20 years | Rs 30,153 |
| Rs 50,00,000 | 20 years | Rs 43,075 |
| Rs 75,00,000 | 25 years | Rs 59,887 |
| Rs 1,00,00,000 | 30 years | Rs 76,184 |
EMI calculated at 8.4% p.a. on reducing balance. Actual EMI may vary based on approved rate and tenure.
Use our EMI Calculator for custom amountsFederal Home Loan Eligibility
Who can apply for Federal's home loan.
Salaried Applicants
- Age: 21 – 65 years
- Min Income: Rs 25,000/month
- Experience: 2 years
- CIBIL Score: 700+
Self-Employed Applicants
- Age: 21 – 70 years
- Min Income: Rs 3 Lakhs/year ITR
- Business Vintage: 3 years
- CIBIL Score: 700+
Documents for Federal Home Loan
Documents you need to apply for Federal's home loan.
Salaried
- 1PAN Card & Aadhaar Card
- 2Last 6 months salary slips
- 3Last 2 years Form 16 / ITR
- 4Last 6 months bank statements
- 5Property documents (Agreement, Title deed)
- 6Passport-size photographs
- 7Address proof (utility bill / rent agreement)
Self-Employed
- 1PAN Card & Aadhaar Card
- 2Last 3 years ITR with computation
- 3Last 3 years audited balance sheet & P&L
- 4Last 12 months bank statements (all accounts)
- 5Property documents (Agreement, Title deed)
- 6Business registration (GST, Udyam, Shop Act)
- 7Passport-size photographs
Federal vs Other Banks — Home Loan Rate Comparison
How does Federal's rate compare with competitors?
| Bank | Rate (p.a.) | Max Amount |
|---|---|---|
| Federal (This bank) | 8.4% – 9.45% | Rs 5 Cr |
| SBI | 8.25% – 9.15% | Rs 10 Cr |
| BoB | 8.25% – 9.15% | Rs 10 Cr |
| PNB | 8.3% – 9.2% | Rs 8 Cr |
| Canara | 8.3% – 9.25% | Rs 5 Cr |
| Union | 8.3% – 9.2% | Rs 5 Cr |
Other Federal Loan Products
Explore more loan products from Federal Bank.
Federal Home Loan — Frequently Asked Questions
Common questions about Federal's home loan product.
What is the lowest home loan interest rate in India in 2026?
As of 2026, the lowest home loan interest rate starts at 7.15% p.a. offered by select public and private sector banks. Rates vary by loan amount, profile, and property location. Money Matrix Hub compares 40+ lenders to find the best rate for your profile.
How much home loan am I eligible for?
Banks typically offer 60x to 72x your monthly income as the maximum home loan amount. For self-employed individuals, it is 4-6x annual net income shown in ITR. Factors like existing EMIs, CIBIL score, age, and employer category also influence eligibility.
Is fixed or floating rate better for a home loan?
Floating rate home loans are 0.5-1.5% cheaper and recommended in a falling rate environment. Fixed rate loans (truly fixed for 2-5 years) suit those who want predictable EMIs. Most Indian banks offer floating rates linked to the RBI repo rate via their EBLR or RLLR benchmarks.
Can I get a home loan with a CIBIL score of 650?
While most banks prefer a CIBIL score of 700+, some NBFCs and cooperative banks may approve loans at 650 with higher interest rates and stricter terms. Money Matrix Hub can help identify lenders with flexible credit score policies.
What are the tax benefits on a home loan?
Under Section 24(b) you can claim up to Rs 2 Lakhs per year on interest paid. Under Section 80C, up to Rs 1.5 Lakhs on principal repayment. First-time buyers get an additional Rs 1.5 Lakhs under Section 80EEA (subject to conditions). Joint loan applicants can each claim these deductions.
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