Federal Bank Home Loan Interest Rate — 16th September 2026
Private sector bank
Here’s the home loan interest rate Federal Bank charges, taken from its own website on 16 September 2026: from 7.35% to 9.50%. We’ve set out the card as published, what decides where you land within it, and the EMI at each end.
Starting rate
7.35%
Top of published range
9.50%
Benchmark
Repo 5.25%
Effective from
Not published
Read from Federal Bank’s own website on 16 September 2026. Source and method
Federal Bank home loan interest rate card
By product (loans above ₹35 lakh)
| Product | Rate |
|---|---|
| Home Loan — term loan | 7.35% – 9.50% |
| Home Loan — overdraft | 7.45% – 9.60% |
| Home Loan — plot + construction | 7.35% – 9.50% |
| Any of the above, loan below ₹35 lakh | +1.00% on the rate |
Federal Bank states its published rates apply to loans above ₹35 lakh; loans below that attract a rate 1% higher.
What Federal Bank’s interest rate card tells you
Federal Bank’s published range, 7.35% to 9.50%, comes with a condition that’s easy to miss: it applies to loans above ₹35 lakh. Borrow less and the bank adds 1% across the board, which puts a ₹30 lakh loan’s floor at 8.35%. If your requirement sits just under ₹35 lakh, the rate on a slightly larger loan can be a full point lower — worth running both through the EMI table below before you decide. Federal also offers the home loan as an overdraft, quoted 0.10% above the term loan.
Its floor puts Federal Bank joint 14th out of 48 lenders on our list, and joint 2nd among the 19 private banks. Measured against the RBI repo rate of 5.25%, Federal Bank’s floor carries a spread of 2.10 points. On a ₹40 lakh loan over 20 years, the two ends of Federal Bank’s range are ₹5,427 a month apart.
EMI at Federal Bank’s home loan interest rate
Federal Bank’s starting rate depends on how much you borrow, so each row below is priced at the floor for that loan size. These are best-case EMIs.
| Loan amount | Starting rate | 10 years | 15 years | 20 years | 25 years | 20 yrs at 9.50% |
|---|---|---|---|---|---|---|
| ₹25 lakh | 8.35% | ₹30,796 | ₹24,399 | ₹21,459 | ₹19,879 | ₹23,303 |
| ₹40 lakh | 7.35% | ₹47,168 | ₹36,740 | ₹31,858 | ₹29,170 | ₹37,285 |
| ₹60 lakh | 7.35% | ₹70,752 | ₹55,111 | ₹47,787 | ₹43,756 | ₹55,928 |
| ₹90 lakh | 7.35% | ₹1,06,128 | ₹82,666 | ₹71,680 | ₹65,634 | ₹83,892 |
Reducing-balance EMI, before processing fees and insurance. Run your own numbers →
Federal Bank against lenders priced nearby
Federal Bank next to the lenders priced nearest to it. EMI is on ₹40 lakh over 20 years at each lender’s starting rate.
| Lender | Published rate | EMI, ₹40 lakh / 20 yrs | vs Federal Bank |
|---|---|---|---|
| Bajaj Housing Finance Housing finance company | 7.25% – 10.65% | ₹31,615 | −₹243/mo |
| Federal Bank Private sector bank | 7.35% – 9.50% | ₹31,858 | — |
| Saraswat Bank Co-operative bank | 7.35% – 9.10% | ₹31,858 | same |
| Punjab & Sind Bank Public sector bank | 7.35% – 10.75% | ₹31,858 | same |
| IDBI Bank Private sector bank | 7.40% – 11.50% | ₹31,980 | +₹122/mo |
What moves your rate at Federal Bank
- If you need around ₹34 lakh, price ₹36 lakh too. Over 20 years, ₹36 lakh at 7.35% costs ₹28,672 a month, while ₹34 lakh at 8.35% costs ₹29,184 — the larger loan is cheaper each month.
- Start by matching your purchase to the right scheme. On a card organised by product, the same borrower can be quoted very different rates depending on whether the loan is booked as a standard purchase, a plot, an improvement or a top-up.
- A bigger down payment helps at almost every lender: it lowers the loan-to-value ratio and the loan size at once, and both feed into pricing.
Processing fee and other Federal Bank charges
| Processing fee | 0.50% of the sanctioned amount, minimum ₹10,000, excluding GST — covering CIBIL, CERSAI, valuation and legal charges. A separate non-refundable login fee of ₹5,000 applies. On a ₹40 lakh loan, that comes to ₹20,000 — ₹25,000 with the login fee, before GST. |
|---|---|
| Prepayment and foreclosure | None on floating-rate loans; 3% on fixed-rate loans. |
| Login fee | ₹5,000 plus GST, non-refundable |
| Switching between fixed and floating | 0.25% of the outstanding, plus GST |
Source: Federal Bank’s own schedule of charges, read on 16 September 2026: https://www.federal.bank.in/documents/d/guest/retail-loan-charges-07092926
Federal Bank home loan eligibility
| Who can apply | Resident salaried borrowers up to retirement age; self-employed borrowers up to 65, or up to 80 if a co-borrower who will take over the business joins the loan; NRIs. |
|---|---|
| Longest term | 30 years |
Source: Federal Bank’s home loan page, read on 16 September 2026. Meeting these criteria doesn’t guarantee approval. https://www.federal.bank.in/home-loan-eligibility-criteria
Federal Bank home loan interest rate — common questions
What is Federal Bank’s home loan interest rate today?
How much does Federal Bank charge to process a home loan?
How long can a Federal Bank home loan run?
What sets my home loan rate at Federal Bank?
How much is the monthly EMI on ₹40 lakh at Federal Bank?
Is the Federal Bank home loan interest rate floating or fixed?
How does Federal Bank compare with Saraswat Bank?
Where these figures come from
Source: Federal Bank’s own interest rate page, read by BankCreds on 16 September 2026: https://www.federal.bank.in/loan-rate
Federal Bank publishes no effective date for this rate, so we don’t show one.
We began recording Federal Bank’s home loan rates on 16 September 2026, and any change will be logged against that date as we detect it. Fees and eligibility come from Federal Bank’s own schedule of charges and home loan pages, with the full address printed in those sections — never from third-party sites.
Rates are what Federal Bank publishes, not an offer: the rate you’re quoted is set by Federal Bank after it assesses your application. How we collect and check rates →