RBL Bank offers home loans with interest rates starting from 8.85% p.a., offering flexible loan tenures of up to 25 years and financing up to 90% of the property’s value. These loans cater to various needs, such as purchasing, constructing, or renovating residential properties.
RBL Bank also provides a home loan balance transfer facility, allowing borrowers to shift their existing loans from other lenders at competitive rates, along with top-up loan options for additional financial requirements. With features like easy documentation, quick approval, and customized repayment plans, RBL Bank home loans are designed to meet the needs of both salaried and self-employed individuals.
RBL Bank Home Loan Highlights
Interest Rate
8.90% p.a. onwards
Loan Amount
Up to Rs. 15 crore
Loan Tenure
Up to 30 years
Processing Charges
Up to 1.5% of the loan amount or up to Rs 15,000, whichever is higher + GST
Types of Home Loans
Type of Home Loan
Purpose
LTV Ratio
Tenure
Special Features
Home Loan
Purchase or construction of a new home
Up to 90%
Up to 30 years
Competitive interest rates, no prepayment penalty, balance transfer facility
Home Improvement Loan
Renovation or repair of existing property
Up to 90%
Up to 30 years
Flexible repayment options, quick processing
Home Extension Loan
Extension or expansion of existing property
Up to 90%
Up to 30 years
Customizable loan amounts, no prepayment charges
Top-Up Loan
Additional funding on an existing home loan
Up to 90%
Up to 30 years
Higher loan amount based on existing home loan, minimal documentation
Balance Transfer Loan
Transfer of an existing home loan from another bank
Yes Bank Home Loans are available for both salaried and self employed.
Special rates for women customers.
Home Loans granted to age group between 24 to 60 years.
Security: Generally Mortgage of property you are planning to purchase, renovate or construct.
Loan to Value Ratio is 90%.
Tenure of loan is between 5 to 25 years.
Interest rates range from 10.20% to 11.55%.
EMI of Rs. 923 per lakh
RBL Bank Home Loan Interest Rate
Customer Type
Effective Rate Of Interest
For Salaried
8.90% p.a. onwards
For Self-employed
8.75% – 9.75% p.a. onwards
Eligibility Criteria for RBL Bank Home Loan
Requirements
Salaried
Self-Employed
Residency
Indian/NRI
Indian/NRI
Age
21 – 60 years at loan maturity
21 – 65 years at loan maturity
CIBIL Score
750 or above
750 or above
Loan Tenure
Up to 30 years
Up to 30 years
Minimum Net Income
₹25,000 per month
₹30,000 per month
RBL Processing Fee and Charges
Charge
Details
Processing Fee
0.50% of the loan amount or ₹5,000 (whichever is higher)
Prepayment Charges
Applicable only for fixed-rate loans; no charges for floating-rate loans
Document Charges
₹500 – ₹2,000 (varies based on loan amount and processing)
Legal Charges
Varies based on the legal service provider
Valuation Charges
Varies based on property type and location
Bounce Charges
₹500 per instance of cheque bounce or failed transaction
Documents Required for RBL Bank Home Loan
Documents
Salaried Individuals
Self-Employed Professionals
SENP/Co./HUF/Partnership Firm/LLP
Passport
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Driving License
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Life Insurance Policy
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Birth Certificate
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PAN Card
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School Leaving Certificate
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Voter ID Card
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Aadhaar Card
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Passport-sized Photographs
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Salary Slips for the last 3 months
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Income tax returns (last 2-3 years)
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Bank statements (last 6-12 months)
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Yearly increment letter
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Certified true copy of Form 16
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Business Profile on letterhead
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Profit & Loss Projection Statement (2 years)
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Operative current account statement
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Bank statements for CC/OD facilities
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Form 16 or income tax returns (last 2 years)
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Employment letter or appointment letter
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Proof of business existence (business registration, licenses, etc.)
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Financial statements of the firm/company (last 2-3 years)
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For Salaried Individuals
Duly filled in and signed the application form with photographs
Identity, address, and age proof
Salary slip of last 3 months
Bank statement of the past 6 months
Form-16 and Income Tax Returns (ITR) details
Title documents of the property
For Self Employed Individuals
Duly filled in and signed application form with photographs
Identity, address, and age proof
ITR and financial statements, including balance sheet, profit & loss account, schedules. (documents must be certified by a CA)
Bank statement of the past 12 months
For partnership firms: Latest partnership deed For companies: Latest Memorandum and Articles of Association (CA certificate on profit sharing ratio/list of directors/shareholding partnership) For Limited Liability Partnership: LLP Agreement
Title document of the property along with business address proof
How to Apply for a Home Loan at the RBL Bank?
You can apply in two ways:
Through the official RBL Bank portal by filling out the application form and tracking the application status online.
Contact Us at +91 636909 5433 or Visit Grow Associates for more convenient option
RBL Bank Home Loan Interest Rates vs Other Banks & HFCs
