RBL bank offers concessional home loan interest rates for women borrowers through various schemes launched at regular intervals.
What are the interest rates on RBL bank home loans?
|
Loan Amount |
Interest Rate |
|
Maximum Rs. 25 lakhs |
10.20% |
|
Rs. 25 lakhs – 75 lakhs |
11.55% |
|
Rs. 75 lakhs – 2 Cr |
11.55% |
|
Above Rs. 2 Cr |
11.55% |
What is the easy home loan feature offered by RBL bank on home loans?
Here are the noteworthy features of RBL bank’s easy home loan offering:
Easy home loan – Under this, the home loan is linked to a current account. This allows borrowers to save on interest outflow by ensuring a sufficient balance is maintained in the current account. Here, the maximum home loan amount offered by the bank is Rs. 10 crores and the maximum loan tenure is of 25 years.
|
Interest rate |
Easy Home Loan: 11.10% p.a. – 12.80% p.a. |
|
Application fees |
Rs. 6,500 for Mumbai applicants; Rs.5,000 for other applicants |
|
Processing fees |
1.5% of the loan amount (minimum Rs.7,500) |
|
Loan tenure |
Maximum 180 months |
|
Property type |
Residential and commercial |
Additional Reading: Can Rbl Bank Revise The Home Loan Interest Rates For Their Existing Customers
What is RBL bank home loan overdraft against the property?
The overdraft facility against home loans offered by RBL bank is available for self-employed individuals. Here are the additional features:
- The maximum overdraft limit is Rs. 5 crores
- Maximum loan tenure is 10 years
|
Interest rates |
Interest is chargeable only on loan amount used |
|
Processing fees |
1.5% of the loan amount |
|
Application fees |
Rs. 6,500 for applicants based in Mumbai Rs.5,000 for other applicants |
RBL Bank is one of the top-rated scheduled commercial banks in India. The bank offers a range of products and services including home loans at attractive interest rates.