|Loan amount||Up to 80% of loan amount|
|Rate of interest||9.75% to 13% p.a.|
|Processing Fees||0.5% to 1.5% of the loan amount|
|Lowest EMI possible||Rs 949 Per Lakh|
|Foreclosure/ Prepayment Fee||Nil*|
*for floating home loan
Here is the list of documents required for Reliance Home Finance Home Loan:
|Identity Proof (copy of any one)|
|Address Proof (copy of any one)|
|Signature Proof (copy of any one)|
|Income Documents - Salaried|
|Income Documents - Self Employed|
Reliance Home Finance Home Loan interest rates are calculated on floating basis and resets with change in benchmark lending rates. Currently Reliance Home Loan Interest Rates for various products are as below:
|Type of Home Loan||Rate of Interest (% p.a)|
|Regular Home Loan||9.75% to 11.00%|
|Affordable home loan||9.75% to 13.00%|
|Loans for Self-Construction||9.75% to 13.00%|
|Plot + Construction Loan||9.75% to 13.00%|
|Home Extension Loan||9.75% to 13.00%|
|Home Improvement Loan||9.75% to 13.00%|
|Home Loan Balance Transfer||9.75% to 13.00%|
|Home Loan Top Up||11.00% to 13.00%|
|Home Loan for Non Residential Indians||9.75% to 13.00%|
Housing Loan: Up to 1.5% of loan amount (Including Non-refundable fee of Rs 3500 for affordable home loans & Rs 4500 for others.)
Construction Finance: Up to 3%
Loan up to Rs 35 Lakh: Rs 2500
Loan more than Rs 35 Lakh: Rs 5000
|Stamping/ Franking charges||As per actuals|
|Dishonour charges||Rs 750 per instance|
|Overdue interest||3% per month on unpaid amount|
|Loan Cancellation||Rs 10000 + applicable interest from date of disbursement|
|Part/ Full Prepayment|
Floating Home Loans: NIL
Fixed & Combo Loans:
*During 6 to 12 months: 5% of outstanding principal
*During 13 to 24 months: 3% of outstanding principal
*After 24 months: 2% of Principle outstanding
|Switch Fees||Up to 2% of principal outstanding|
|Original Property Document handling / retrieval charges||Rs 1500 per retrieval|
|Legal / Collection/ Repossession & Incidental charges||As per actuals|
** Tax & surcharge as applicable will be added.
|Lender||Maximum Loan Amount||Maximum Tenure||Interest Rate||Processing Fee|
|Reliance Home Finance Home Loan||Up to 80% of property value||20 years||9.75% onwards||0.5-1.5% of the loan amount+ GST|
|Aditya Birla Housing Finance Home Loan||Up to 90 % of property||30 years||8.00% - 12.00%||Up to 1 % of the loan amount + GST|
|Tata Capital Home Loan||Up to 80% of property||30 years||7.75% onwards||0.50% onwards + GST|
|Bajaj Finserv||Up to 80% of property cost||30 years||7.20% onwards||Up to 6% of the loan amount+ GST|
|HDFC Ltd Home Loan||Up to 90% of property cost||30 years||7.55% onwards||Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes|
Check for 25 lakh home loan EMI and apply easily on MyMoneyMantra.
It is completely hassle free to Calculate Reliance Home Finance Home Loan EMI online. All you need to do is share loan details such as Home Loan Amount, Tenure and Interest Rate in Home Loan EMI Calculator and submit. You will instantly get Loan instalment as well as interest burden for overall loan. You will also get an amortization schedule and repayment schedule for loan.
All in all, using Home Loan EMI Calculator you can make an informed decision.
Existing Reliance Home Finance customers can fill online query form on official website and contact the customer service representatives.
Alternatively you can contact Customer Care Helpline: (022) 3303 6662
Or, Email: email@example.com
You can also initiate conversation by sending sms “HOME” to 561616
For correspondence contact Registered Office & Corporate Office:
The Ruby, 11th Floor,
North West Wing, Plot No. 29,
Senapati Bapat Marg, Dadar (West),
Mumbai - 400 028.
Contact Number: 022 47416400 (chargeable)
Call between 9:30 am to 5:30 pm on working days (Monday to Saturday). This number is not available on public holidays and 2nd & 3rd Saturdays.
Apply for instant home loan online at Interest Rate starting from as low as 8.20% p.a. Pay EMI of just Rs. 748 per Lakh. Loan can be repaid in flexible tenure of up to 30 years. Apply now with minimal documentation. Check eligibility & get instant approval here.
Resident & non resident Indians can apply for Reliance Home Finance Loans. Salaried employees in the age group of 21 to 58 years (or up to retirement age of 60). Self-employed individuals in the age group of 21 to 65 years (till loan maturity) can apply for Reliance Home Finance Loan.
You can apply for a Home Loan either after finalising your property or even before it. Reliance Housing Finance Limited approves your Home Loan based on your credit worthiness and repayment capacity. Using a Pre-approved Home Loan letter, you can continue your property search.
RHFL Home Loans can be availed for maximum of 20 years. The loan term cannot be extended beyond 65 years of age for self-employed or beyond the retirement age of salaried employees.
RHFL calculates interest on the monthly reducing balance method.
Yes, Reliance Home Finance is one of the nominated NBFCs that provide loans under the PMAY scheme.
It is always advisable to have a Home Loan insurance policy. It can save your near and dear ones the liability of having to repay Home Loan in case of an undesirable eventuality. It is also better to have a home insurance policy in place to protect your home from untoward incidents like riots, earthquakes, floods, tsunamis, landslides and so on.
Any close relative such as spouse, father or son can become your co-applicant for Home Loan. Also, the co-owners of the property should mandatorily be the co-applicants.