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Reliance Home Loan Interest Rates 2021

Reliance Capital Housing Loan Interest Rate

Last Updated 26th Sep 2017

Current Reliance Capital Home loan interest rates for Apr 2021 starts at 10.00% p.a. for a maximum tenure of 30 years. Processing fee on its housing loans is Upto 1.00%, Minimum ₹ 3,000 Maximum ₹ 6,500.

Loan AmountReliance Capital Home Loan Floating Rate
Upto ₹ 25 Lakh10.00%
₹ 25 Lakh - ₹ 75 Lakh10.25%
₹ 75 Lakh - ₹ 3.50 Cr10.50%
Above ₹ 3.50 Cr10.74%
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Reliance Capital Home Loan Interest Rates

Reliance Capital offers various products on home loan. Reliance Capital home loan can be used for the purchase of a flat, home construction loan, extension or improvement loan.


  • Reliance Capital Home Loan Interest Rate starts from 10.00%.
  • Reliance Capital charges a processing fees of Upto 1.00%, Minimum ₹ 3,000 and Maximum ₹ 6,500.
  • Loan Tenure of Home Loan ranges from 5 years to 30 years.
  • Lowest EMI per lakh on home Loan from Reliance Capital is ₹ 878 per lakh offered at the lowest interest rate of 10.00% at the longest loan tenure of 30 years.
  • Reliance Capital allows prepayment of home loans with Nil charges on floating rate loans.
  • Reliance Capital has an average customer rating of 4/5.0 from customers who have taken a home loan from the bank.

Reliance Capital Home Loan Rate

Current Reliance Capital home loan interest rates are in the range of 10.00% to 11.75%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 10.00%. The table below gives the interest rates on various housing finance schemes of Reliance Capital.

Reliance Capital Home Loan Scheme Interest Rates
Reliance Capital Home Loan Floating10.00% - 11.75%

Reliance Capital Home Loan Charges

Reliance Capital Home Loan Processing Fee

The bank charges a minimum processing of ₹ 3,000. The processing fees is typically non-refundable and has to be paid at the time of loan application. In addition to Reliance Capital housing loan 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.

Reliance Home Loan Documents

Documents for Salaried employees

  • Filled up loan application form
  • 2 Passport Size Photo
  • ITR of last 2 years
  • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
  • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  • Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit
  • Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension

Documents for Self-Employed

  • Filled up loan application form
  • 2 Passport Size Photo
  • Identity Proof - Passport/ Driving License/ Voter ID/ PAN
  • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile
  • Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension

Reliance Capital Pradhan Mantri Awas Yojana

The government of India has launched many affordable housing loan schemes to facilitate availing home loan at concessional rates to lower and middle-income groups. Some of the popular schemes are:

a) PMAY or Home Loan Subsidy Scheme: Launched in 2015 to provide houses to the homeless. You can apply for PMAY at Reliance Capital if you fulfil the eligibility criteria. Know more about PMAY Scheme

b) Pradhan Mantri Gramin Awas Yojana:  It focuses on homeless families and offers pucca houses with basic amenities.

c) DDA Housing Scheme: It aims to provide houses to low, middle, and high-income groups.

d) Tamil Nadu Housing Board Scheme: It started in 1961 to provide houses to varied income groups.

e) Mhada Lottery Scheme: It's a lottery scheme launched every year for buyers of varied income groups.

f) Rajiv Awas Yojana: Launched in 2009 with the aim of bringing illegal construction under the formal system and encouraging slum-free India.

Each of these schemes has its conditions with respect to eligibility, the amount of loan that can be borrowed, and the rate of interest.

Illustration on Reliance Capital Home Loan Interest Rate
Maximum Annual Percentage Rate (APR) 10.03% to 11.78%
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 30 Years
  • Reliance Capital Home Loan Interest Rate: 10.00% to 11.75%
  • Processing Fee payable to: Upto ₹ 1,000
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 878 for 30 Years ₹ 1,00,000 loan at 10.00% (lowest rate, longest time period) to ₹ 2,212 for 5 Years ₹ 1,00,000 loan at 11.75% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 10.03% to 11.78%
  • Total cost payable over loan tenure: ₹ 28,482 for 5 Years loan to ₹ 2,16,925 for 30 Years loan


What is Reliance Home Loan interest rate?

Reliance Home Loan interest rate ranges between 10.00% to 11.75%.Reliance Capital cuts Home Loan rates by 10% from 11.75%.

Why should I opt for balance transfer to Reliance Capital?

Reliance Capital offers competitive Home Loan rates with the best EMI of ₹ 878 per lakh availed at a low-interest rate of 10.00% for a maximum tenure of 30 years. If you are paying an EMI more than ₹ 878 per lakh, you should consider the option for a loan transfer to Reliance Capital from your existing bank. EMIs can be calculated through Reliance Capital Home Loan EMI calculators.

Do I get tax benefits on a Home Loan from Reliance Capital?

As per the Indian Income Tax Act of 1961, residents of India are eligible for tax benefits on the principal amount and interest components of a house finance under section 24 and section 80C of Income Tax Act.

What is the effect of part prepayments on Reliance Capital housing finance EMI ?

Part prepayments help you in reducing the outstanding amount of loan, which in turn will reduce the interest amount due. After making part payments, paying the same Home Loan EMI will increase your involvement towards the principal amount, which will help you in repaying the loan faster.

How to increase my eligibility on Reliance Capital housing loan?

If your spouse or family member is earning well, you can make your spouse or family member the co-applicant for your loan. The combination of both of your income will help you in increasing your eligibility to get a loan.

  • Floating rate on Reliance Capital housing loan is linked to its PLR Rate, which is currently at 18.00%. When Bank offers a Home Loan at %, it applies a discount of 18% to its PLR Rate to arrive at this Home Loan rate.
  • When RBI increases rates, the bank may increase its PLR rate and the applicable interest rate for all existing and new Home Loans would increase. When RBI cuts interest rates and the bank reduces the PLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.

What is the current Reliance Capital Home Loan rate?

The current Reliance Home Loan rate starts from 10.00% with a processing fee of Upto 1.00%, Minimum ₹ 3,000 and Maximum ₹ 6,500

Reliance Capital Home Loan Reviews 4/5  by 1 customers
MyLoanCare Service
Banks Service
Subhash Prabhakar, Bhiwadi
Reviewed on 27th Dec 2017
4 / 5 stars
Reliance Capital Home Loan Availed in Dec-18

My home loan amount was fully approved and i was charged 1% processing fees.Read more...

Reliance Capital Home Loan News - Apr 2021
  • 2017-05-06 : Reliance Capital receives no objection from the BSE and NSE for demerger
    Reliance Capital Limited has received ‘no-objection’ from both the BSE and NSE for demerger of Reliance Home Finance. The company has further reported that it has filed the scheme of demerger with the National Company Law Tribunal (NCLT) for facilitating the independent listing of the home finance unit on stock exchanges.
  • 2015-12-17 : Reliance Housing Finance targets Rs 50,000 crore AUM by 2020
    Reliance is targeting AUM of Rs 50,000 crore by 2020 as it aims to join top-five league in the home loan market in 3 years
  • 2015-12-14 : Reliance Housing Finance eyes slot in top 5
    Reliance Housing plans to be amongst the top five HFCs in the next 3 years with a target AUM of Rs 50,000 crore by 2020
  • 2015-11-04 : Reliance Housing Finance lowers home loan rates to 9.55%
    Reliance Housing Finance has announced a 25 basis point reduction in its lending rates to 9.55% matching with the rates offered by Indiabulls and DHFL
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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