RBL Bank Home Loan

RBL Bank Home Loan: A Quick Overview

The features & USP of RBL Bank Home Loan can be summarised as:

• RBL Bank Home Loan Interest rates range from 9.00% per annum.
• Loan amount: Up to 85% of the property value;      
  Maximum of 10 Crore.
• Customised RBL Bank Housing Loans for salaried as well as self-employed applicants.
• RBL Bank Home Loan processing fees is up to 1.5 % of the loan amount.
• Option of Moratorium for 18 -30 months is available.

Looking for Loan? Apply and Calculate Rs. 35 Lakh Home Loan EMI

• Fast loan processing.
• Competitive interest rates.
• Minimal documentation.
• Tailored loans as per customer needs.
• ‘Easy Home Loan’ scheme saves interest cost
• No prepayment or foreclosure fees.
• Repayment flexibility.

You can check the Best Home Loan Interest Rates from different banks

RBL Bank offers customised Home Loans. The eligibility criteria are easy to meet. The basic eligibility requirement includes:

• The applicant must be an Indian resident.
• The applicant can be salaried, self-employed business owner or professional.

RBL Bank Home Loan Eligibility Criteria for Salaried Individuals

• Minimum income of Rs. 1,20,000 per annum.
• The applicant should be between 24 to 60 years of age.
• The applicant should have a minimum of 2 years of experience, with at least 1 year of employment with the current organisation. In case of lower than 1 year of experience in the current job, total experience should be 3 years or above.

RBL Bank Home Loan Eligibility Criteria for Self-Employed/ Business owners/ Professionals

• The net annual income should be a minimum of Rs 1,50,000 as recorded in the last ITR/ financials.
• Applicant must be a minimum of 24 to 65 years during the loan duration.
• The proof of business continuity for at least past 3 consecutive years in the same field.

Additional Info: Also check How to Calculate Home Loan Eligibility on Your Own?

You need to fulfil following list of RBL bank’s home loan documentation requirement:

A. Broad list of documents required.

• Recent passport-sized photographs.
• PAN Card (For Individuals, Partnership Firms and Company)
• Proof of Identity (any one): Driving License/ Passport/ Voter ID
• Proof of Address (any one): Driving License/ Passport/ Voter ID/ Telephone Bill/ Electricity Bill/ Sale Agreement/ Registered Lease Deed/ Bank Statement.
• Proof of Business Continuity (any one document dated 5 years ago): Sales Tax Challans/ Bank Statement/ Shops & Est. Certificate/ IT Returns/ COI/ Partnership Deed.
• Any other valid Photo Identity Card issued by the Central/ State government.

B. Financial documents required.

For Salaried-

• ITR for last 2 years.
• Salary slips for last 3 months.
• Latest Form 16.

For Self-Employed Individuals-

• ITRs and financials for the last 2 years. (Including Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
• Bank statements from the borrower's main account/s for last 6 months.
• 3 months of bank statements for all other accounts mentioned in the balance sheet.

For Self-Employed Professionals

• Latest audited ITR and financials for the last 2 years.  
  (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
• Bank statements from the borrower's main account/s for last 6 months.
• Bank statements for 3 months from all other bank accounts mentioned in the balance sheet.
• Professional qualification certificate/ degree certificate (Doctors, Architects, Chartered Accountants etc.)

You can also Check Pan Number for All Banks

The effective Home Loan interest rates for RBL Bank floating home loans range from 9.00% p.a. With effect from July 22, 2021, following benchmark interest rates will apply to the existing customers servicing home loans linked to Marginal Cost of Funding based Lending Rate (MCLR):

RBL Bank Home Loan Interest Rates- MCLR

MCLR Based home loans will be adjusted according to the reset date.

The Prime Lending Rate (PLR) for RBL Home Loan is 16.25%.

Here's a list of scheduled charges and processing fee for RBL Bank Home Loan:

RBL Bank offers following types of Home Loans:

RBL Bank Home Loan

• Home Loan for purchase of a residential unit. 
• Available to Indian residents only.
• Salaried, self-employed, & professionals can apply.
• Home Loans up to 10 Crore.
• Maximum tenure up to 25 years.
• Minimal documentation.
• Faster approvals.

RBL Easy Home Loan

• Special Home Loan linked to current bank account.
• Saves interest component in Home Loan repayment.
• By maintaining balance in a linked account, you pay lower EMIs and repay the loan faster.
• Available to resident salaried, self-employed and professionals.
• Loan up to 10 Crore for a maximum of 25 years.
• Minimal documentation & faster approvals.

RBL Affordable Home Loan

• Home Loan up to Rs 30 Lakh.
• The loan can be availed for purchase, self-construction, plot purchase + construction, extension, repair or renovation of a residential unit. 
• Balance transfer at attractive interest rate + top up facility available.
• Flexible tenure up to 20 years for Home Loan & 15 years for top-up.
• Minimal documentation & faster approvals.
• PMAY subsidy up to Rs 2.67 Lakh, as applicable.
• Applicant should have minimum salary of Rs 7000.

Additional Reading: Best offer on DDA Housing Scheme 2025

Using RBI Bank Home Loan EMI Calculator you can instantly determine the home loan EMI and repayment schedule.

To access EMI calculator on our website, hover over Financial Tools tab on the home page. Click on Home Loan EMI Calculator. Enter Loan Amount, Rate of Interest, and Loan Tenure (in months or years) and click on ‘Calculate’ button. You will instantly get:

• Home Loan EMI
• Home Loan Amortization schedule 
• Visual representation of home loan interest rate & principal amount

You can also use home loan calculator to check the loan eligibility and affordability prior speaking with the bank.

For any Housing Loan related query, contact RBL Bank Customer Care 24X7 at their following Toll-Free numbers: +91 22 61156300 

You can also email at: customercare@rblbank.com

Corporate Office:

RBL Bank Ltd. One World Centre, Tower 2B, 6th Floor, 841, Senapati Bapat Marg, Lower Parel (W), Mumbai - 400013

Call: +91 22 43020600

You can check different Home Loan Customer Care Number online