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 7.70% 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

PurposeFor the construction or purchase of a house/flat or for the repurchase of a house/flat
Quantum85% 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
RepaymentThe maximum repayment period is 25 years

Home Makeover Loan

PurposeFor repairs and renovations/extension to the existing house
Quantum70% of the cost of repairs/ renovations/ extension of the existing house or 50% of the cost of the property after the makeover.
RepaymentThe loan should be repaid within a maximum of 10  years.

Repco Plot Loan

PurposePurchase 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.
Quantum75% of the cost of the plot
RepaymentThe loan has to be repaid within a maximum of 10 years.

NRI Home Loan

PurposeFor the construction of a house or purchase of a flat/house or the repurchase of a house/flat
Quantum85% 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.
RepaymentA maximum repayment period of 10 to 15 years will be provided

Prosperity Loan

PurposeLoans 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.
QuantumUp to 70% of the value of  the immovable property depending on the  repayment capacity of  the borrower
RepaymentA maximum of  10 years will be provided for the repayment of the loan.

Repco Rural


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

Quantum85% 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
RepaymentMaximum 15 years.

New Horizon Loan

PurposeFor the purchase or construction of commercial property like shopping malls, wedding halls, lodges, hotels, warehouses or hotels
Quantum70% of the value of the property both for construction as well as purchase
RepaymentThe loa should be repaid within a maximum of 10 years

Commercial and Real Estate (CRE) Loan

PurposeFor the construction of clustered buildings for rental purposes.  Individual borrowers can avail of the loan for the purchase of 3rd dwelling unit onwards.
Quantum85% of the value of  the property for construction and 75% of the value of the property for purchase
RepaymentBy 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 Other Charges

The schedule of charges for Repco Bank Housing Loan is given below:

Nature of ChargesDetails
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/-


>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 chargesRs. 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 bounceRs. 250/- or charges debited by the bank, whichever is higher
Cibil chargesRs. 100/- per applicant (where there are joint applicants)
IT certificateFree 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 chargesRs. 200/- per visitor actuals, whichever is higher with a maximum of Rs. 2000/- per financial year
Loan statementsThe first request is free. For subsequent requests, Rs. 100/- per instance.
Sarfaesi ProceedingsActuals
Encumbrance CertificateActuals
Legal opinion feeIncluded 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?

Apply for Lowest Home Loan Online @ Rs. 762/Lakh* EMI

Apply for instant home loan online at Interest Rate starting from as low as 8.50% p.a. Pay EMI of just Rs. 762 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.


✅How to calculate EMI for Repco home finance home loan?


To calculate the EMI for Repco Bank Housing loan, you will have to access the home loan EMI calculator either on the MyMoneyMantra website or the Repco Home Loan Calculator on the official website of RHFL. You should then enter the loan amount, interest rate and tenure. Click the calculate button to get the EMI for Repco Bank Housing Loan. As an additional advantage, you will also get the total interest payable and the total amount payable on maturity.

✅What is the EMI for a 25 lakhs home loan from REPCO for 10 years?


The EMI for a 25 lakhs home loan from REPCO for 10 years at 7.70% p.a. Interest is Rs.29,937

✅Is home insurance compulsory when you avail Home Loan at RHFL?


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.

✅What are the fees applicable to my housing loan application?


A processing fee to the extent of 1% of the loan amount will be collected. A percentage of this will have to be paid upfront at the time of submitting the application, which will not be refundable. Details of the upfront fee are given below:

For loans up to  Rs. 6.00 lakhs: Actual processing fee, i.e.,1% of the loan amount

>6.00 lakhs up to 30.00 lakhs: Rs 6000/-

>30.00 lakhs up to 100 lakhs: Rs. 10000/-

✅How long does it take from the initial application to the final disbursement of funds?


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. 

✅What happens if the EMI for the loan bounces?


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.

✅What is the security stipulated for Repco Bank Home Loans?


The security for  Repco Bank Home Loans is an equitable mortgage of the property created out of the finance.