Fedbank Loans Against Property |Interest Rates | Documents | Eligibility
Fedbank Loans Against Property: Get Details on Eligibility, Documents Requirement, Interest Rates and Other Features Available on Property loans of Fedbank in India.
You can now avail loans against your residential or commercial properties. We also finance your requirements to purchase new shops or office premises to help your business expansion without blocking your valued capital.
Interest Rates = 13.48% to 14.88%
Key Features & Benefits:
- Loans to finance your business expansion or meet your personal needs
- Loans to acquire new commercial premises
- Takeover of your existing loans with additional finance at attractive interest rates
- Lease Rental Discounting
- Maximum funding against your property*
- Loan tenure up to 15 years*
- Loan up to age of retirement for salaried and 65 years for self employed
- Door step service
- Simplified processes and documentation
- Fast loan processing
Highlights:
Specially designed products for Doctors, Architects, Chartered Accountants, Engineers and businessmen. Our income assessment methods based on a deep understanding of your business model and fundamentals enable us to provide you with maximum funding
Rate of Interest:
13.5% to 18% depending on the variant, property type and customer’s profile.
Documents Required for Fedbank Loan Against Property
| Self Employed: |
Salaried |
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Schedule of Charges:
| 1 | Processing Fees (non-refundable) | 1% + applicable taxes on the total loan amount subject to minimum of Rs. 7,500/- + Applicable Taxes |
| 2 | Part Prepayment Charges | 1% + applicable taxes, if more than three part prepayments are made during the year.Note:
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| 3 | Prepayment Charges (Full) | 4% + Applicable Taxes on the outstanding loan amount. Prepayment charges shall be applicable on all payments, other than EMI, made towards principal sum in the last 12 months from intended date of prepayment. |
