Kulangara Paulo Hormis, the visionary Banker was born on 18th October, 1917 at Mookkannur; a small village in the suburbs of Greater Cochin, in a middle class agricultural family.

Educated as a lawyer, Shri Hormis began his career as an Advocate in the Courts of Perumbavoor. But the path breaker soon gravitated to commercial banking and soon took up the reins of Federal Bank in 1945 as its Chief Executive. Fired by a passion for institution building Shri Hormis built out of a One-Branch-Small-Time Bank, a nationwide institution of 285 branches in the 34 years that he remained at the helm. The quintessential banker that he was, a structure for extending finance to agriculture and the weaker sections of society was laid by him much before these areas came into national focus.

Housing Loan of Federal Bank is very easy & affordable for all class of people in India.

Purpose

• Purchase/Construction of House/flat
• Reimbursement of cost of house/flat already constructed/purchased
• Purchase of land and with house
• Purchase of land for subsequent construction of house

Eligibility

1. Residents - Age preferably below 55
2. Non-Residents - Age on maturity of the loan must be 55 or below.
3. Proof of income

Loan Amount :

- Up to 85% of project cost.
- Cost of stamp duty, registration charges etc. considered
- Additional amenities such as, compound wall, landscaping, water tank etc. considered as part of project cost.
- Maximum - Rs.3 Crores

Period :

1. Residents - Up to 20 years
2. Non-residents - Up to 15 years
3. Security - Housing loan property

Interest Rate

Float Interest Rate	:	10.5
Float Loan Eligibility	:	18 to 25
Tenure	:	20
Processing Fee	:	0.50% of loan amount
Over Draft	:	Yes

EMI :

1. Use the "CALCULATORS" given below
Home Plus Loans for existing Housing Loan customers
(All at concessional interest rates)
2. Furnishing cum Beautification – 15% of housing loan
3. Privilege Personal Loan (for high income group) – 50% of the housing loan
4. Personal Loan - Up to Rs.2 Lacs
5. Car Loan/Bike Loan – Up to Rs.50 Lacs
6. Vidya (Educational) Loan – Up to Rs.25 Lacs

Take over of Housing Loans from other Banks
- At low interest rates
- No fresh legal opinion
- Simple formality