Bangalore Home Loan Team
Special Home Loan Offer for Owners of Prestige Falcon City
Congratulations to all owners in Prestige Falcon City The project has come out quite beautifully and
this is going to be a place to reside in the years to come. (Special Rates of 8.65% till 30/09/2019*)
Issues Faced by Prestige Falcon City Booked Customer
Apartment is completed and ready for Handover, Existing Bank is demanding for registration of
the Flat for releasing the final 5% demand
Present Banker is not ready to sanction the Interior Loan before registration of Flat
Higher Interest rate in the existing Bank
Due to liquidity issues Not able to pay final demand to Builder
Facing difficulty in raising Funds for Registration of Flat
Self-Funded the apartment now want to avail Housing Loan
Solutions from Federal Bank
Registration Cost Funding: With appreciation in value of the property comes appreciation in
costs. Many of you would not have factored the additional cost burden due to the introduction
of GST, the Registration costs of about 6% of the property value. All these costs together would
be in excess of Rs 5-8 Lacs. We can do a Balance transfer of your existing loan such that we can
give you additional loan totalling up to 80 % to 85% of the increased cost (including Registration
values) based on Flat/Villa Valuation. We will initially pay off the existing bank loan to transfer
your documents, after which we will pay to the Builders the final demand by holding only Rs 1L
to close the Books of account which will help the Builder to handover the Flat.
Interior Funding: Once the Loan is taken over from Existing bank upon the receipt of Unit
Handover Letter and Documents from other Bank, Federal Bank will release Interior Loan stage
wise to Architect Account / Loan Account Holders Saving account based on the progress of the
Interiors. Registration of Flat is not Mandatory for Interior Loan disbursement .
Reimbursement under Home Loan: If the Property Purchase was done by self-funding, We can
reimburse the amount to customers savings account under Reimbursement scheme ( Home
Loan ) . The funds can be used for Interior or Registration purpose
Interest Rate: Currently Federal Bank is offering A Fixed Rate for 3 years and 3 months and
Thereafter the ROI will be linked to 6 Month MCLR + 0.00% spread with 11 months reset. The
Present Interest Rate is 8.75% (Term Loan) and 8.85% (Overdraft ) for 39 Months .
Top up : Customer can avail the Top Up for paying Registration fees or Interior Loans or paying
the final tranche to Builder
Conditions for Top Up Loan (Registration Purpose)
(a) A minimum of 24 months vintage for the housing loan.
(b) The construction shall be fully completed and the builder should have given a letter of
possession to the customer.
The Federal Bank Limited, Bangalore Home Loan team , 1 st Floor, Halycon Complex St. Marks Road , Bangalore 560001
CIN: L65191KL1931PLC000368 Phone: 9886674357 Email: [email protected]
(c) Undertaking from the builder/Tripartite agreement suitably covering the
possession/registration aspects to be obtained.
(d) The CIBIL of the borrowers should be above 700.
(e) Other norms as applicable to Home loan takeovers to be complied wit
Interior Loan Details
1) 75% of Interior Estimate submitted will be financed under Interior Loans
2) Interior Estimate is restricted up to 20% of the Property Cost
3) Interest Rate will be same as Home Loan rate ( Subject to approval )
4) Interior amount will be disbursed to Architect stage wise
5) Case to case basis, Interior Loan will be disbursed stage wise to Loan applicant account for
onward payments to different Vendors who doing the Interior work.
6) Interior Loan will be disbursed before the Registration of the property
About Federal Bank
Federal Bank Limited is a major Indian commercial bank in the private sector headquartered at Aluva,
Kerala having more than thousand branches and ATMs spread across different States in India. The
history of Federal Bank dates back to the pre-independence era.
The Bank was incorporated on April 23, 1931 as the Travancore Federal Bank Limited, Nedumpuram
under the Travancore Companies Regulation, 1916. Late K.P. Hormis, the visionary banker and founder
took up the reigns in 1945 and built the bank a nationwide institution.
The Bank's name was changed to The Federal Bank Limited on December 2,1949. The Bank was licensed
under the Banking Regulation Act, 1949, on July 11, 1959 and became a scheduled commercial bank
under the Second Schedule of Reserve Bank of India Act, 1934 on July 20, 1970. Today the bank is
present in 25 States, Delhi NCT and 4 Union Territories and the bank is listed in BSE, NSE and London
Stock Exchange.
For More Details, Kindly contact the under signed through Mail/ Call/ Whatsapp to arrange Home
Loan Officer to meet you .
Jagadish L
9886674357
AVP & Head Zonal Sales (Retail)
Federal Bank Ltd Bangalore Zone
Email Id [email protected]
Conditions applied*
The Federal Bank Limited, Bangalore Home Loan team , 1 st Floor, Halycon Complex St. Marks Road , Bangalore 560001
CIN: L65191KL1931PLC000368 Phone: 9886674357 Email: [email protected]
Indicative Expense towards Home Loan
Sl No. Expense Head Normal Charges Final Charges
Charges/ Fees at the time submission of Loan application
1 Processing Fees Rs 7500 Plus GST Rs 4425 (After 50% waiver )
2 Document Fees Rs 3000 Rs 1500 (After 50% waiver )
3 Legal Charge ( To be paid Lawyer Rs 4500 /Nil for approved Project Nil as the project is approved
directly )
4 Valuation Charges ( To be paid to Rs 4500 /Nil for approved Project Rs 3000 /Nil for approved
Valuers directly ) Project
Charges/ Fees after Loan is sanctioned and at time of disbursement
5 Stamp Paper for Loan Agreement For Loan Agreement 660
Charges/ Fees after Sale deed is done
6 Other Incidental charges ( EC Rs 500 500
) Payable to Service Provider
7 Payable to Central
Central Registry Charges Government Payable 660
after Registration
8 Stamp Duty on loans as As per Actual as per stamp act As per Actual
per Karnataka stamp act
Supplementary Opinion ( Payable to Applicable after execution of
9 Advocate for providing search report Sale Deed 1500
after registration)
10 Certified Copy of Sale deed Rs 1000 ( Not applicable for Rs 1000
Loan below 1Cr )
Please note Property Insurance is mandatory
Federal Bank Officers Contact Details
The Federal Bank Limited, Bangalore Home Loan team , 1 st Floor, Halycon Complex St. Marks Road , Bangalore 560001
CIN: L65191KL1931PLC000368 Phone: 9886674357 Email: [email protected]
Sl.N Employee
Relationship Manager Location Mobile Email ID
o ID
1 Gopichandra - Team Leader FB14757 8050590795 [email protected]
2 Aditya Karthik FB16625 9035553251 [email protected]
5 Sarang Vilasrao Khorgade FB19763 8793722215 [email protected]
6 Priyanka Sonal - TM FB16603 9930931315 [email protected]
7 Srikant Gautam - Team Leader fb14800 8095040888 [email protected]
8 Sankalp Panday Bangalore FB17866 9742398007 [email protected]
10 George Thomas fb18715 7994344499 [email protected]
11 Nishesh Rohatgi FB19757 8618674794 [email protected]
12 Nagendra- Team Leader FB16662 8867486360 [email protected]
16 Muralikrishna -Team Leader FB14739 9676378713 [email protected]
17 Yamijala Santosh Bhargav Hyderabad fb18723 9971126136 [email protected]
18 Keshapur Yashasvi Chandra FB16259 7204919262 [email protected]
The Federal Bank Limited, Bangalore Home Loan team , 1 st Floor, Halycon Complex St. Marks Road , Bangalore 560001
CIN: L65191KL1931PLC000368 Phone: 9886674357 Email: [email protected]
