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Reliance Home Loan Interest Rates 2022

Reliance Capital Housing Loan Interest Rate -Today

Last Updated 06th Jul 2021

Loan AmountReliance Capital Home Loan Floating Rate
Upto ₹ 50 Lakh9.75%
₹ 50 Lakh - ₹ 5 Cr9.75%
₹ 5 Cr - ₹ 10 Cr9.75%
Above ₹ 10 Cr9.75%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback

Reliance Capital Home Loan Rate

Reliance Capital offers home loans to both salaried individuals and self-employed at a minimum rate starting at 9.75% up to 11.00%. Apart from the interest rate, the bank also has various other charges such as Reliance Capital processing fee - that is charged over and above the loan amount, is non-refundable and has to be paid at the time of loan application and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

Reliance Capital Home Loan Processing Fee and Other Charges

Reliance Capital home loan processing charges are upto 0.50% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. on home loan which is typically non-refundable and has to be paid at the time of loan application. 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 0.50% of the loan amount;
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest rates on Reliance Home Loans Schemes

Reliance Capital offers a housing loan interest rate at 9.75%. 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, Reliance Capital 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 Reliance Capital home loan rates for multiple housing schemes.

Reliance Capital Home Loan Scheme Interest Rates
Reliance Capital Home Loan Floating9.75% - 11.00%

Reliance Home Loan Interest Rate for Salaried and Self-Employed

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

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 50 Lakh 9.75%
₹ 50 Lakh - ₹ 5 Cr 9.75%
₹ 5 Cr - 10 Cr 9.75%
Above ₹ 10 Cr 9.75%

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 50 Lakh 9.75%
₹ 50 Lakh - ₹ 5 Cr 9.75%
₹ 5 Cr - 10 Cr 9.75%
Above ₹ 10 Cr 9.75%

Reliance Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount Reliance Home Loan Rate For Women Reliance Home Loan Rate For Govt Employee
Upto ₹ 50 Lakh 9.75% 9.75%
₹ 50 Lakh - ₹ 5 Cr 9.75% 9.75%
₹ 5 Cr - 10 Cr 9.75% 9.75%
Above ₹ 10 Cr 9.75% 9.75%

Reliance Home Loan Balance Transfer Interest Rates

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

Illustration on Home Loan Interest Rate Reliance Capital
Maximum Annual Percentage Rate (APR) 9.78% to 11.03%
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 20 Years
  • Reliance Capital Home Loan Interest Rate: 9.75% to 11.00%
  • Processing Fee payable to: Upto ₹ 500
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 949 for 20 Years ₹ 1,00,000 loan at 9.75% (lowest rate, longest time period) to ₹ 2,174 for 5 Years ₹ 1,00,000 loan at 11.00% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 9.78% to 11.03%
  • Total cost payable over loan tenure: ₹ 1,27,245 for 5 Years loan to ₹ 2,28,145 for 20 Years loan

FAQs

Has Reliance reduced home loan rates?

As per the current rates, Reliance has cut its home loan rates by 0.25% from 10.00% to 9.75%, which is one of the best rates in the market. The new rates are effective from 01 Apr, 2021.

Why should I opt for balance transfer to Reliance Capital?

Reliance Capital offers lowest Home Loan EMI of ₹ 949 per lakh availed at the lowest interest rate 9.75% for a maximum tenure of 20 years. If you are paying an EMI more than ₹ 949 per lakh, you should consider the option for a loan transfer to Reliance from your existing bank. Current Reliance balance transfer rate is 6.50%.

Can Reliance Capital 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 Reliance to lower the home loan rates. Apart from the home loan rates, you can also negotiate over the processing fee.

Can Reliance revise the home loan interest rates for their existing customers?

Yes, Reliance offers concessional rates to the existing customers, and you can negotiate with the bank to offer you the revised home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does Reliance offer a concessional home loan interest rate for women?

Yes, Reliance offers special home loan interest rates for women. As against Reliance home loan rates for male which is 9.75%, the home loan interest rate for women starts at %.

What is the Reliance home loan rate of ₹ 25 Lakh for 15 years?

For home loan upto ₹ 25 Lakh, Reliance provides home loan interest rate starting at 9.75%. However, you can get the lowest rates if you have a good relationship with the bank, work with top corporations, have a good CIBIL score and have stable income sources.

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

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

Is Reliance Capital home loan a floating rate loan or fixed-rate loan?

Reliance home loan is offered 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 Reliance home loan rate today ?

Reliance home loan rate today is in the range of 9.75% to 11.00%.The bank also charges a processing fee of upto Upto 0.50% of the home loan amount.

How much interest does Reliance take on home loans?

The rate of interest on Reliance home loans varies based on your eligibility, such as CIBIL score, age, repayment capacity, income etc. However, Reliance home loan current interest rate 2021 are in the range of 9.75% to 11.00%.


Reliance Capital Home Loan Reviews 4/5  by 1 customers
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4/5.0
Banks Service
4/5.0
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...

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Reliance Home Loan News - Jan 2022
  • 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, 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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