RELIANCE Capital Ltd Home Loan

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About Reliance Housing Finance

Reliance Home Finance is India's leading financial services companies serving thousands of customers across 99 locations. The company offers full-fledged mortgage services including affordable home loan, High Value Home Loans, Loan Against Property, Construction Financing, property services and property valuation services.

About Reliance Housing Finance

Key facts about Reliance Capital Home Loan:

Reliance Capital Home Loan

 

  Loan Amount

  • Minimum 20 Lakhs
  • Maximum 10 Crores

  Turnaround Process

  • Loan sanction within 48 hours of filing a complete loan application

  Eligible Applicants

  • Salaried individuals
  • Self-Employed Professionals and Business Men

  Reliance Capital Home Loan Interest rate

  Starting at 10%

  Loan Processing Fee

  Up to 1% of the loan amount

  Reliance Capital Home Loan tenure

  Up to 30 years

Reliance Housing Finance Features and Benefits

Reliance Housing Finance offers several features and benefits that are mentioned below:

  • Customised Home Loan: The borrower can apply for a home loan from Reliance Capital as per his requirement based on his profile and location.
  • Longer Home Loan Tenure: Reliance Housing Finance offers a home loan for a longer tenure that can go up to 30 years.
  • No Income Proof: Customers can take advantage of special programs available in Reliance Housing Finance. For e.g. no income program when an individual is not required to furnish any income proof if they fulfil the eligibility criteria.
  • Balance Transfer: The borrower can transfer his existing home loan from another bank to Reliance Housing Finance to save on interest cost.

 Home Loan

Reliance Housing Finance Eligibility Criteria

Eligibility criteria for Reliance Housing Finance are mentioned below:

Eligibility Criteria

Salaried Employees

Self-Employed

  Age

  • 21 years at the time of applying for a loan
  • 60 years at the time of loan maturity
  • 21 years at the time of applying for a loan
  • 65 years at the time of loan maturity

  Credit Score

  Good credit score e.g. 650 and above

  Good credit score e.g. 650 and above

  Loan To Value (LTV)

 

  • 75% of the property value. However, the amount varies based on the location and valuation of the property.
  • 75% of the property value. However, the amount varies based on the location of the property.

 

Other factors that affect the loan eligibility are:

  • Income: Income is one of the most important factors that affect home loan eligibility. Income of the borrower affects the loan amount. High income can get the borrower a high loan amount.
  • Job Stability and Profession: The borrower must have a relevant number of working experience with the current organization he is working. In case of business, it should be in continuance for a relevant period of time.

  • Interest Rate 10% - 10.25%
  • Loan Amount 20L - 10Cr
  • Processing Fee 1%
  • Tenure20 Years

  • Quick Apply

Reliance Housing Finance Documentation

The list of documents required for a Home Loan from Reliance Housing Finance is:

Document

Salaried Employees

Self-Employed

  Identity Proof (Anyone)

  • Aadhar Card
  • PAN Card
  • Passport
  • Valid Driving License
  • Voter's ID Card
  • Government ID proof with the applicant?s photo (For Govt. employees)
  •  
  • Aadhar Card
  • PAN Card
  • Passport
  • Valid Driving License
  • Voter's ID Card

 

  Address Proof   (Anyone)

  • Passport
  • PAN Card
  • Voter's ID Card
  • Latest Utility Bill (Telephone, postpaid mobile bill, electricity bill)
  • Property tax receipt
  • Bank or post office savings account statement
  • Letter of Allotment of accommodation issued
  • Leave or license agreement issued by government

 

 

  • Passport
  • PAN Card
  • Voter's ID Card
  • Latest Utility Bill (Telephone, postpaid mobile bill, electricity bill)
  • Property tax receipt
  • Bank or post office savings account statement
  • Letter of Allotment of accommodation issued
  • Leave or license agreement issued by government 

  Signature Proof

  • Driving License
  • Passport
  • Voter's ID Card
  • Banker's Verification
  • Registered Sales Deed
  • Govt. Employee ID
  • Driving License
  • Passport
  • Voter's ID Card
  • Banker's Verification
  • Registered Sales Deed
  • Govt. Employee ID

  Income Proof and   Financials

  • Salary Slips of last 3 months
  • Form 16 for last 2 years
  • Bank statement for last 6 months

 

  • Copy of ITR, Balance Sheet, Profit and Loss statement of last 2 years certified by CA
  • Bank statement of last 6 months

 

  Job Proof and Office   Address Proof

Appointment letter or confirmation letter in case the job tenure if less than 1-year

  • Partnership deed for Partnership firm
  • MOA/MOM in case of company
  • Office address proof
  • Tax audit report

Reliance Housing Finance Fees and Charges

The NBFC charges following fees for a home loan:

Fee Type

 

  Processing Fee

 Up to 1% of the loan amount

  Pre-payment Charges

 Fixed amount 200/-

  Overdue Interest

 3% per month on the unpaid amount

Other Available products from Reliance Capital

  • Home Loan Balance Transfer
  • Loan Against Property

EMI CALCULATOR

EMI Calculator

EMI Calculator

Loan EMI

Total Interest Payable

Total of Payments
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