Repco Housing Finance Home Loan
Get all the details required on the Repco bank home loan if you are looking to get funded for the home of your dreams. The bank finances 80-85% of the property cost for upto 25 years with rates as low as 9.60%. Check out the most suitable Repco bank home loan you can avail.
Apply for Repco Housing Finance Home Loan @ 9.60% Interest Rates

Repco Home Finance Details
Repco Home Finance Limited is a housing company registered with National Housing Bank with its head office in Chennai. It is now operating in various States with 155 branches spread all over. Since the time it was established in 2000, RHFL has been working on improving customer service and also in introducing cost-effective innovative products.
The Company intends in making its presence in the markets that are not reached out by other financing companies. The main objective of the Company is to convert the dream of individuals to own a house by providing customised products to suit the individual needs. Repco Bank Home Loan is a cost-effective product with flexible repayment options.
About Repco Home Finance Home Loan
The key features of Repco Bank Home Loan are:
- Highly satisfactory customer service
- Variety of schemes under home loan to suit individual requirement
- Transparency
- Quick approval
- Reliable risk management system
- Cost-effectiveness
- The assistance of a highly qualified and trained team to make the loan availing process hassle-free
- Flexible Repayment Options up to 20 years for the self-employed and 25 years for salaried individuals.
- Tax benefit applicable for both the principal and interest as per the Income Tax Act 1961
- Simple documentation that is not time-consuming.
- The loan amount is not limited and depends on the repayment capacity of the borrower and the value of the property.
- Subsidy under PMAY Scheme is available for borrowers wherever eligible.
Also Read - Home Loan Tax Benefit
Repco Home Loan Interest Rates
Repco Housing Finance Limited has been striving hard to help convert the dream of owning a home by providing finance at a very low-interest rate with flexible repayment options. The Repco Bank Home Loan Interest Rates starts at 9.60% p.a.(floating). The interest rates depend on the customer’s profile, repayment capacity, credit score, property and purpose.
Additional Info: Also check Repco Home Finance EMI Calculator
Types of Home Loan Offered by Repco
There are various types of loans under the Repco Bank Home Loan Scheme to suit the requirement of the customer.
Dream Home Loan
Purpose | For the construction or purchase of a house/flat or for the repurchase of a house/flat |
Quantum | 85% of the market value of the property for the construction of a house and 80% for the purchase of a house/flat with no maximum limit. The loan amount depends on the repayment capacity of the borrower |
Repayment | The maximum repayment period is 25 years |
Home Makeover Loan
Purpose | For repairs and renovations/extension to the existing house |
Quantum | 70% of the cost of repairs/ renovations/ extension of the existing house or 50% of the cost of the property after the makeover. |
Repayment | The loan should be repaid within a maximum of 10 years. |
Repco Plot Loan
Purpose | Purchase of a plot and construction thereon. A residential house should be constructed within 24 months from the date of purchase of the plot; otherwise, the interest charged will be at a commercial rate. |
Quantum | 75% of the cost of the plot |
Repayment | The loan has to be repaid within a maximum of 10 years. |
NRI Home Loan
Purpose | For the construction of a house or purchase of a flat/house or the repurchase of a house/flat |
Quantum | 85% of the value of the property for construction of a house and 80% of the value of the property for the purchase of a flat or house. |
Repayment | A maximum repayment period of 10 to 15 years will be provided |
Prosperity Loan
Purpose | Loans against the mortgage of property for purposes like investment in the business to prosper in life, for medical expenses, education expenses of self or children, for planning a vacation or any other purpose as desired. |
Quantum | Up to 70% of the value of the immovable property depending on the repayment capacity of the borrower |
Repayment | A maximum of 10 years will be provided for the repayment of the loan. |
Repco Rural
Purpose | For the construction of house or purchase of flat/house, for renovation, repairs/extension of the existing house. This scheme is specially meant for the weaker sections in rural areas |
Quantum | 85% of the value of the property for construction and 80% of the value of the property for purchase with a maximum of Rs. 15.00 lakhs |
Repayment | Maximum 15 years. |
New Horizon Loan
Purpose | For the purchase or construction of commercial property like shopping malls, wedding halls, lodges, hotels, warehouses or hotels |
Quantum | 70% of the value of the property both for construction as well as purchase |
Repayment | The loa should be repaid within a maximum of 10 years |
Commercial and Real Estate (CRE) Loan
Purpose | For the construction of clustered buildings for rental purposes. Individual borrowers can avail of the loan for the purchase of 3rd dwelling unit onwards. |
Quantum | 85% of the value of the property for construction and 75% of the value of the property for purchase |
Repayment | By a maximum of 15 years |
Also Read - Types of Home Loans Offered by SBI
Repco Home Loan Eligibility
The eligibility norms set out for Repco Bank Housing Loan is as follows:
- Salaried individuals, self-employed individuals, business people, professionals can apply for the loan.
- The applicant’s minimum age should be 18 years at the time of applying for the loan and a maximum of 70 years at the time of maturity.
- Should have a satisfactory credit score with no warning signals in the credit report.
- The applicant should have a regular and steady source of income.
- Both resident and non-resident Indians are eligible for the loan.
Also Check - HDFC Bank Home Loan Eligibility
Documents Required for Repco Home Loan
Repco Bank Home Loan documents required are given below:
KYC Documents
- Address Proof: Aadhar Card, Passport, Voter’s ID Card, Utility bills
- Photo ID Proof: PAN Card, Passport, Aadhar Card, Driving Licence.
Income Proof for Salaried Individuals
- Employer Id Card
- Latest salary slips (last six months)
- Bank Account Statement showing salary credit for the last six months.
- Latest Form 16
- Latest ITR
Income Proof for the self-employed
- Audited balance sheet and profit and loss account for the last three years
- ITR with income computation for the previous three years
- Proof of business like registration certificate, GST Certificate, Memorandum of Association, Articles of Association, Certificate of Incorporation, Partnership Deed
Property Documents
- Mother deed along with the present title deeds
- Latest Tax Paid Certificate
- Approved Building Plan. Approved Layout Plan, Order of Regularisation, Required permissions from competent authorities wherever applicable.
- Revenue Records/Patta transferred in the name of the titleholder.
Other documents
Existing Loan details and sanction letter copies along with loan account statements
Documents for NRIs
- Passport along with VISA, Work permit, Residence ID
- Latest salary certificate with overseas account bank statement for the last six months
- Proof of money transfer to India: NRE/NRO Account Statement
- Registered Power of Attorney as per Repco Housing Finance Limited format.
Also Check - Documents Required for HDFC Home Loan
RHFL Home Loan - Processing Fees and Charges
The schedule of charges for Repco Bank Housing Loan is given below:
Nature of Charges | Details |
Processing charges | 1% of the loan amount, out of which a percentage has to be paid upfront along with the application and the remaining during the disbursement. The upfront fee is non-refundable Loan amount Upfront fee Up to Rs. 6.00 lakhs Actual processing charges, i.e., 1% of the loan amount >6.00 lakhs up to 30 Lakhs Rs. 6000/- >30.00 lakhs up to 100 Rs. 8000/- Lakhs >100.00 lakhs Rs.10000/- |
Administrative Fee | To be paid after sanction and before disbursement of the loan. 0.50% of the loan amount |
CERSAI charges for registration, modification and release of charges | Rs. 150/- per property after sanction and during the disbursement of the loan |
Valuation Report | Up to Rs. 50.00 lakhs: Rs. 2500/- >50.00 lakhs up to Rs 100 lakhs: Rs. 3000/- >100.00 lakhs: Rs. 4000/- |
EMI bounce | Rs. 250/- or charges debited by the bank, whichever is higher |
Cibil charges | Rs. 100/- per applicant (where there are joint applicants) |
IT certificate | Free of cost for the first time. Rs. 100/- per instance thereafter |
Prepayment/foreclosure charges | For all housing loans with a floating rate of interest: Nil For home loans with a fixed rate of interest/CRE loans/Prosperity Loans Part prepayment charges Nil if paid out of own source. Foreclosure charges No charges if the loan has run for half of the tenure. 2% of the outstanding liability if not completed half of the tenure |
Recovery charges | Rs. 200/- per visitor actuals, whichever is higher with a maximum of Rs. 2000/- per financial year |
Loan statements | The first request is free. For subsequent requests, Rs. 100/- per instance. |
Sarfaesi Proceedings | Actuals |
Encumbrance Certificate | Actuals |
Legal opinion fee | Included in the processing charges. Wherever processing charges are waived, legal opinion fee at actuals will be collected |
Conversion of the rate of interest | For loan outstanding below Rs. 50.00 lakhs: Rs. 2000/- For loan outstanding above Rs. 50.00 lakhs: Rs. 5000/- |
Also Read - Home Loan Processing Fees of All Banks/NBFC
RHFL Home Finance Home Loan Customer Care
You can contact the customer care of Repco Housing Finance Limited by calling the numbers given below or by writing to the email ID mentioned below.
Toll-Free No: 1800-425-6070
Landline Number: 044-42106650, 044-42106652
Mobile Number: 9444394918
Email address: co@repcohome.com
Also Check - HDFC Home Loan Customer Care
How to apply for a Repco home loan?
To apply for the Repco Bank Home Loan at MyMoneyMantra, you will have to access the online home loan application on the website of MyMoneyMantra and complete the application as given below:
- Choose the gender.
- Choose the city of residence and the location of the property.
- Mention the purpose of the loan
- Give details of employment and income.
- Provide the market value of the property.
- Mention the loan amount.
- Give the required personal details like name, date of birth, PAN, contact address etc.
- Provide the Email ID and mobile number
- An OTP will be sent to the mobile number.
- Enter the OTP, and on validation, you will be directed to a page with collated details of the best offers.
- Choose RFHL Housing Loan.
- The representatives of MyMoneyMantra will contact you and will assist you further with the loan process till the release of the loan amount.
Also Read - What Happens When a Home loan Borrower Passes Away?
Repco Housing Finance Home Loan FAQs
The EMI for a 25 lakhs home loan from REPCO for 10 years at 9.60% p.a. Interest is Rs.32,486
Home insurance is not compulsory when you avail Home Loan at RHFL. But if the insurance cover is taken in your own interest, the name of the bank has to be endorsed in the insurance as it can be considered as collateral security as the liability will be cleared out of the proceeds in case of any eventuality.
Suppose all the documents as listed in the application, along with the prescribed upfront fee, is received by Repco Housing Finance Limited is received. In that case, the sanction will take 4 to 7 days, and the disbursement will be done soon after the loan documents are executed.
If the EMI bounces for want of funds, then a penalty of Rs. 250/- along with GST will be collected in addition to the charges collected by the bank in order to prevent such instances in the future.
The security for Repco Bank Home Loans is an equitable mortgage of the property created out of the finance.