RBL Bank Home Loan

Home Home Loan RBL Bank Home Loan

About RBL Bank

RBL Bank formerly Ratnakar Bank founded in the year 1943 is one of India's fastest growing private sector banks. It has a wide network of branches and ATMs across the country and currently serving more than two million customers. The bank has been honoured by Business Today-KPMG Best Bank Study and awarded as India's Best Bank (Growth) in Small- Sized Bank Segment. The bank has rehashed its management team in 2010 and started its phenomenal journey again. RBL Bank is offering specialised services across six major business verticals including Corporate and Institutional Banking, Commercial Banking, Agribusiness Banking, Branch and Business Banking, Development Banking and Financial Inclusion, Treasury and Financial Market Operations.

About RBL Bank Home Loan

Turn your dream of buying a house into reality with RBL Bank Home Loan which is packed with special features including flexible repayment option and attractive rate of interests. You can also save interest on your loan with RBL's "Easy Home Loan" and can repay your loan faster.

Why apply for a RBL Bank Home Loan

RBL Bank offers following benefits and features:

  • You can avail Home Loan with minimal documents and with a faster process
  • You can get a loan up to the maximum amount of Rs.10 crore.
  • You can repay your loan in flexible tenure of up to 25 years.
  • You can get 60% to 80% of your property value as loan amount.
  • You can get a home loan at an attractive and low rate of interest.
  • The applicable benchmark for RBL home loan is 1-year MCLR (Marginal Cost of Lending Rate).

Fees and Charges of RBL Bank Home Loan:

  • The bank charges zero foreclosure charges in case of prepayment of the loan. You have to pay a minimum processing fee of Rs.5, 000 and maximum Rs.15, 000 with the applicable tax amount.

RBL Bank Home Loan Eligibility Criteria

Customers including salaried individuals, self-employed individuals, and self-employed professionals can apply for home loan.

A home loan can only be availed by Indian Residents.

 Eligibility criteria Salaried Individuals Self-Employed Individuals and Professionals
Minimum Income  Rs.1,20,000 p.a.  Rs.1,50,000 p.a. as per ITR
Minimum/ maximum age
  • Min- 24 years (loan commencement) and Max.- 60 years (loan maturity)
  Min- 24 years (loan advancement) and max.- 65 years (loan maturity)
Work Experience 
  • 1 year- current job
  • Total experience- 2 years
  • Note: if experience in the current job is less than 1 year then a total of 3 years? experience is required.
  3 years in same business 

  • Interest Rate 10.30% - 11.65%
  • Loan Amount20L - 5Cr
  • Processing Fee 1%
  • TenorUpto 20 Years

  • Quick Apply

Documents required for RBL Home Loan

 Documents  Salaried Employee Self- Employed IndividualsSelf- employed professional 
  PAN Card PAN Card PAN Card
Identity Proof 
  • Voter ID/ Driving License/ Passport
  •  Voter ID/ Driving License/ Passport
  •  Voter ID/ Driving License/ Passport
Address Proof
  • Voter ID/ Driving License/ Passport/ Telephone Bill/ Electricity Bill/ Registered Lease Deed or Sale Agreement/ Bank Statement 
  •  Voter ID/ Driving License/ Passport/ Telephone Bill/ Electricity Bill/ Registered Lease Deed or Sale Agreement/ Bank Statement 
  •  Voter ID/ Driving License/ Passport/ Telephone Bill/ Electricity Bill/ Registered Lease Deed or Sale Agreement/ Bank Statement 
Passport size photos Yes  Yes Yes
Valid Photo ID Card issued by central or state government Yes  Yes  Yes 
Income Proof and Financial proof
  • Income tax returns of last 2 years/ salary slip of last three months/latest Form 16 issued by your employer
  • Current audited ITR and financials of last 2 years including (Balance Sheet and P & L Account statements, Computes income certificated by CA)
  • Last 6 months Bank Statement and 3 months statement of other bank mentioned in Balance Sheet
 
  • Current audited ITR and financials of last 2 years including (Balance Sheet and P & L Account statements, Computes income certificated by CA)
  • Last 6 months Bank Statement and 3 months statement of other bank mentioned in Balance Sheet
  • Degree certificate and Professional Qualification Certificate
Business Continuity Proof NA
  • Bank Statement/ Sales Tax Challan/ IT Returns/ Shops and Est. Certificate/ Certificate of Incorporation/ Partnership Deed (any document dated 5 years old)
 NA

Other Available products from RBL Bank

  • Business Loan
  • Personal Loan
  • Home Loan Balance Transfer
  • Loan Against Property
  • Gold Loan
  • Overdraft Against Property
  • Car Loan

EMI CALCULATOR

EMI Calculator

EMI Calculator

Loan EMI

Total Interest Payable

Total of Payments
(Principal + Interest)