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RBL Bank Home Loan Interest Rates 2022

RBL Bank Housing Loan Interest Rate -Today

Last Updated 24th May 2022

  • Current RBL Bank Home Loan interest rates May 2022 starts at 9.50% p.a. for a maximum tenure of 25 years.
  • The processing fee on RBL Bank housing loans is Upto 1.50%. Check Best Offers.
  • Use RBL Bank home loan interest calculator to calculate EMI on lowest rates.
Interest Rate General 9.50% - 10.20%
Interest Rates for Women 9.50%
Benchmark rate MCLR
Processing Fees NIL
Part Payment/Foreclosure Charges Nil for floating rate home loans
Balance Transfer Rates 6.50%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Voucher

RBL Bank Home Loan Interest

RBL Bank offers home loans to both salaried individuals and self-employed at a minimum rate starting at 9.50%. Apart from the interest rate, the bank also has various other charges such as RBL Bank processing fee and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

  • Current RBL Bank Bank housing loan interest rates range between 9.50% to 10.20% for male borrowers.
  • RBL Bank home loan interest for women borrowers is less than the general housing loan rates and starts at 9.50%.
  • Existing customers can get the lowest RBL Bank bank home loan rate by negotiation with the bank.

RBL Bank Housing Loan Processing Fee and Other Charges

RBL Bank home loan processing charges are upto 1.50% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees Upto 1.50% of the loan amount;
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest Rates on RBL Bank Home Loans Schemes

RBL Bank offers a housing loan interest rate of 9.50%. If you want to avail of the home loan at the lowest rates, you should have a good CIBIL score, debt-income ratio and repayment capacity. In addition, RBL Bank home loan interest rates are lower for existing customers of the bank and individuals who are working with reputed corporations with a stable employment history.

Below-mentioned are RBL Bank home loan rates for multiple housing schemes.

RBL Bank Home Loan Scheme IR Salaried (Male) IR Salaried (Female) IR Self-employed (Male) IR Self-employed (Female)
Ratnakar Bank Home Loan Floating 10.20% 10.20% 10.70% 10.70%

RBL Bank Home Loan Interest Rate for Salaried and Self-Employed

The home loan interest rates in RBL Bank for salaried and self-employed is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 25 Lakh 10.20%
₹ 25 Lakh - ₹ 75 Lakh 10.20%
₹ 75 Lakh - 2 Cr 9.50%
Above ₹ 2 Cr 9.50%

Housing Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 25 Lakh 10.70%
₹ 25 Lakh - ₹ 75 Lakh 10.70%
₹ 75 Lakh - 2 Cr 10.00%
Above ₹ 2 Cr 10.00%

RBL Bank Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount RBL Bank Home Loan Interest For Women RBL Bank Home Loan Interest For Govt Employee
Upto ₹ 25 Lakh 10.20% 10.20%
₹ 25 Lakh - ₹ 75 Lakh 10.20% 10.20%
₹ 75 Lakh - 2 Cr 9.50% 9.50%
Above ₹ 2 Cr 9.50% 9.50%

RBL Bank Home Loan Balance Transfer Interest Rates

RBL Bank home loan balance transfer facility is ideal for existing home loan customers paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to RBL Bank at a lower interest rete without closing the account. However, you need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, RBL Bank offers the loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate RBL Bank
Maximum Annual Percentage Rate (APR) 9.56% to 10.26%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 5 Years to 25 Years
  • RBL Bank Home Loan Interest Rate: 9.50% to 10.20%
  • Processing Fee payable to: Upto ₹ 1,500
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 874 for 25 Years ₹ 1,00,000 loan at 9.50% (lowest rate, longest time period) to ₹ 2,135 for 5 Years ₹ 1,00,000 loan at 10.20% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 9.56% to 10.26%
  • Total cost payable over loan tenure: ₹ 1,27,511 for 5 Years loan to ₹ 2,63,610 for 25 Years loan

RBL Bank Home Loan Rate Trends (Historical)

RBL Bank has reduced interest rates on home loans by 0.7% on 06 Jul, 2021. After the cut in RBL Bank home loan rates, the latest rates start from 9.50%. The past home loan interest rate trend of RBL Bank is as below:
Last Revised Date Lowest Home Loan Interest Rate of RBL Bank Rate Difference
06 Jul, 202110.20% -0.7%

FAQs

Is RBL Bank home loan a floating rate loan or a fixed-rate loan?

RBL Bank offers home loans at both fixed and floating rates. In the case of the fixed rate, the interest remains the same throughout the tenure. On the other hand, the home loan rates vary as per the market fluctuations for floating home loan rates.

What is the RBL Bank home loan interest rate for existing customers?

Existing customers of RBL Bank who have any other loan accounts or investment accounts in RBL Bank can get a discounted rate than the general RBL Bank bank home loan interest rate. The current RBL Bank home finance rate of interest is 9.50%.

What is the RBL Bank home loan rate today?

RBL Bank offers home loan interest rate today is in the range of 9.50% to 10.20%. The bank does not charge any processing fees on the home loan amount. You can get the lowest RBL Bank interest rate if you have a good CIBIL and existing relationship with the bank.

Why should I opt for balance transfer to RBL Bank?

RBL Bank offers the lowest balance transfer rates on housing loans. At the lowest rates, your housing loan EMI will be ₹ 874. If you are paying an EMI of more than ₹ 874, you should transfer your outstanding loan from the existing bank to RBL Bank. Apart from the discounted rates, you can also avail of flexible loan tenure, top-up loans and other benefits.

Can RBL Bank housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with RBL Bank to lower the RBL Bank interest rates. Apart from the home loan rates, you can also negotiate over the processing fee.

Does RBL Bank offer a concessional home loan interest rate for women?

Yes, RBL Bank offers special home loan interest rates for women. As against RBL Bank home loan rates for male which is 9.50%, the home loan interest rate for women starts at %.

At what interest rate does an RBL Bank employee get a home loan?

RBL Bank offers concessional home loan rates of about 1% than the current home loan rates to RBL Bank employees.


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RBL Bank Home Loan News - May 2022
  • 2021-06-24 : Revised MCLR for RBL Bank
    RBL Bank revised its MCLR. The overnight MCLR is 7.75%. The rate for one month and three months is 7.80% and 7.85% respectively. Further, the MCLR for six months and one year is 8% and 8.45%. The revised rates are effective from 22 June 2021.
  • 2021-03-09 : RBL Bank planning branch expansion
    RBL Bank plans aggressive branch expansion over the next few years and target to open at least 75 new branches annually. The expansion will help the bank to increase its loan and deposits portfolio.
  • 2021-01-28 : RBL Bank posted a Q3 net profit of ₹147 crore
    RBL Bank reported a 110% rise in its net profit year-on-year at ₹147 crore in the quarter ended December 31, 2020. In the corresponding quarter, the bank posted a net profit of ₹6,995 crore. The bank’s total revenue backed by home, personal, car, two-wheeler and gold loans along with business and mudra loans grew by 6% year-on-year to ₹1,488 crore .
  • 2020-10-30 : RBL Bank Q2 net profit surges to ₹144 cr
    RBL Bank reported almost a three times increase in profit in the quarter ended September backed by retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans. Further, Net profit rose to Rs 144 crore in the quarter ended September 2020 up from Rs 54 crore a year earlier supported by 23% growth in retail advances year on year even as wholesale advances continued to shrink.
  • 2020-07-29 : RBL Bank posted a net profit of Rs. 141. 22 crores for June quarter.
    RBL Bank reported a net profit of ₹ 144 crores for Q1 FY 2021 against loss of Rs. 3,801 crores for Q1-FY 2020. NII aided by home, personal, gold, car and two-wheeler loans along with business and mudra loans stood at Rs. 1,773 crores. Further, Cost of Deposit which includes FD and RD improved by 64 bps to 4.65% and CASA increased to ₹ 1,04,315 crore as on June 30, 2020
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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