Nov 14, 2012: Federal Bank has recently launched a new type of loan called the “House Warming Loan”. This loan can be availed by people who have already taken a housing loan from Federal Bank or who take a new housing loan for meeting their house warming and other expenses. This innovative product has been launched at an attractive interest rate of 2% above the prevailing housing loan rate. The customers can take loan upto 5% of the housing loan limit subject to a maximum of Rs. 2.00 lakh. This loan will be of great help to those customers who would have exhausted their money while building a house but have other incidental expenses to meet
