About RBL Bank Home Loans

Founded in August 1943 and headquartered in Mumbai, the financial capital of India, Ratnakar Bank Limited or RBL is a scheduled commercial bank that offers a wide range of banking and financial services in five important sectors in India: Retail Banking, Commercial Banking, Financial Markets, Agricultural & Development Banking and Corporate & Institutional Banking. The bank employs around 5000 people in India and has a rapidly growing network of branches and ATMs all across the country.

RBL Bank Home Loan is offered under two variants: RBL Bank Normal Home Loan and RBL Bank Easy Home Loan. All in all, the bank promises quick processing of the home loan applications, with simpler documentation, enabling people to own their dream home without any hassles and delays. Following are more details on RBL bank home loan charges, eligibility criteria and features.

Home Loan Eligibility Criteria for Salaried / Self-Employed

Even though RBL Home Loan can be availed by salaried people, self-employed professionals as well as self-employed individuals, it is essential that the applicants are Indian residents. There are different net income requirements for salaried and self-employed people. While the minimum and maximum age bracket for salaried people is 24 years to 60 years, for self-employed people it is 24 years to 65 years. Specific and updated details on the RBL Bank Home Loan eligibility criteria can be found below.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

6 – 10 yearsk

Overall Employment

6 – 10 years

Tenure Current Employment

750 Points

CIBIL Score (=>)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income
(Doctors/ CA)

5 – 10 Years

Post Qualification experience a
(Doctors / CA)

5 – 10 Years

Post Qualification experience a
(CS / Architect)

750 Points

CIBIL Score (=>)

RBL Bank Home Loan Features / Details

As mentioned earlier, RBL Bank Home Loan comes with the promise of quick approval and minimum documentation. Please note, you can use a RBL Bank Home Loan only for the purchase of a residential property. Their Easy Home Loan product can help you save on interest by maintaining a certain balance in a linked account. The quantum of the loan can be up to INR 10 crores and the repayment tenure can be up to 25 years. Below you can find more and up-to-date details related to RBL Bank Home Loan features.

8.40%

Interest Rate (Min)

5 – 30 Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

RBL Bank Home Loan Fees / Charges

All RBL bank home loan applications involve a certain processing fee depending upon the quantum of the loan. This fee is INR 5000 for home loans of up to INR 25 lakh. Home loans ranging from INR 25 lakh to INR 75 lakh involve a processing fee of INR 10,000. All home loans over and above INR 75 lakh involve a fixed processing fee of INR 15,000. A non-refundable processing fee of INR 5000 is charged upfront, with the remaining at the time of the disbursal. Many other fees and charges like late payment charges, cheque swapping charges, duplicate no dues certificate charge, charges for CIBIL report, foreclosure charges etc. might apply depending upon the situation. Updated details on all these RBL Bank Home Loan fee/charges are provided below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees