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Reliance Home Loan Interest Rate - Sep 2017

Last Updated 06th May 2017

Reliance Capital Home Loan Interest Rates

Interest Rate 10.00% - 11.75%
Check Best Offers
Lowest EMI Rs. 878 per lakh
Max Tenure 30 years
Processing Fee Upto 1.00%
Minimum Rs. 3,000 Maximum Rs. 6,500
Prepayment, Foreclosure Charges Allowed with Nil charges for floating rate loans
Age Min 21 and Max 60 years for Salaried
Min 21 and Max 65 years for Self Employed
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Reliance Capital Home Loan

Reliance Capital offers housing loan to people who want money to purchase a house, home renovation and home extension etc. The house itself acts as a security to the loan. Taking a loan from Reliance Capital has the following benefits:

    Reliance Capital Home Loan Interest Rates

    In addition to its regular loan products, bank also offers customized loans for special categories of borrowers. Bank offers lower rates to ladies borrowers. Click on the details to get slabwise interest rates.

    Reliance Capital Floating Rate Home Loans

    Reliance Capital Home Loan Interest Rates
    Reliance Capital Home Loan Floating 10.00% - 10.74%

    Reliance Capital home loan interest rate depends upon

    • Loan amount: Housing loan rate in Reliance Capital depends upon the loan amount you apply for. Higher the loan amount, lesser will be the rate
    • Your Salary: Income helps you in identifying your rate of interest. Bank's rate varies with your monthly income. Higher the income, lesser will be the rate
    • Type of loan opted for: Reliance Capital also offers differential rates for women borrowers and also under their fixed and floating rate schemes. The rate of interest may be higher or lower under their special or popular loan product offers.

    Interest Rate and its impact on Reliance Capital Home Loan Eligibility

    Reliance Capital has detailed criteria to determine a potential borrower’s eligibility for housing loans. These eligibility criteria determine the loan amount you can avail. Interest rate offered by Reliance Capital also impacts the amount of loan you can avail from Reliance Capital.
    Some of the key eligibility criteria are summarized in the table below:

    Reliance Capital Home Loan Eligibility Criteria
    Interest Rate 10.00% - 11.75%
    Age 21 - 60 years
    Minimum Credit Score 650 and above
    Loan Amount Rs. 1,500,000 to Rs. 50,000,000
    Loan to Value Ratio Upto 80%
    FOIR (Fixed Obligations to Income Ratio) Up to 0.65

    Home Loan Charges Applicable (Other than Interest)

    In addition to interest rates, home loan also carry some other charges which include:

    • Foreclosure Charges - These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Reliance Capital allows prepayment of house loan with Nil prepayment charges
    • Processing Fee - Reliance Capital charges a processing fee of 1.00% of loan amount Minimum Rs. 3,000 Maximum Rs. 6,500 with applicable tax
    • Other Charges - Bank also charges technical and legal charges which are explained to the customer during the loan process.

    Home Loan Products and Rates

    Reliance Capital offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

    Reliance Capital Home Loan Eligibility Calculator

    Reliance Capital Home Loan Eligibility is the amount of loan you can avail based on an assessment of your repayment capacity as well as the value of property. It is important to calculate eligibility for housing loan from Reliance Capital. You can use eligibility calculator to get a fairly accurate estimate of your potential eligibility subject to the information provided by you.

    SBI Home Loan EMI and Interest Calculator

    Further, you can also use the Reliance Capital Home Loan EMI Calculator online to calculate your house loan EMI. EMI is a fixed amount that you pay each month towards the repayment of yourloan till the end of tenure

    • EMI calculator of Reliance Capital helps you to calculate your monthly EMI at different rate of interest and also check and compare lowest EMI per lakh on home loan
    • You can plan your loan amount according to your monthly repayment capacity because higher the loan amount, higher will be the EMI
    • Rate of interest is an important factor which affects your EMI. Higher the rate, higher will be the EMI. You can also estimate the interest amount you pay over the tenure of the loan at various loan tenure as well as interest rates
    • Loan tenure matters equally as higher tenure reduces your EMI

    What are the benefits of calculating Reliance Capital Housing Loan EMI?

    • EMI calculator helps you to calculate your monthly EMI at different rate of interest
    • Reliance Capital Housing Loan EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
    • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

    Housing Loan Reliance documents required

    For Salaried employee

    • 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

    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

    Frequently Asked Questions

    Why to take home loan from Reliance Capital?

    Reliance Capital offers housing loan at 10.00% rate with the lowest EMI of Rs. 878 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your loan to Reliance Capital.

    What is the maximum loan tenure I can opt under Reliance Capital house loan?

    Reliance Capital offers you a longer tenure of 30 years to repay your loan with a benefit of paying less EMI per month.

    Do I get tax benefit on home loan from Reliance Capital?

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

    Can I foreclosure my home loan? What are the charges applicable?

    Yes, you can foreclose your loan with Nil charges.

    Can I transfer my house loan from another bank to Reliance Capital?

    Yes, Bank gives you the facility to transfer your existing loan with a hassle free process. Loan balance transfer to Reliance Capital offers you to pay lower EMIs and save money.

    Can I club the income of my spouse with mine and apply for joint home loan?

    You can club the income of your spouse to increase your loan eligibility if the spouse is co-owner of the property or guarantor of the loan.

    What is the benchmark applicable for housing loan?

    The benchmark applicable for home loan in Reliance Capital is PLR.

    What is the effect of part payments on Reliance Capital housing loan EMI ?

    Part payments 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 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 loan.

    How will interest rate on Reliance Capital housing loan change in future?
    • 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 10.00%, it applies a discount of 8% 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.

    Reliance Home Loan in India

    Reliance Capital Home Loan Interest Rate Customer Care Number, Email, Application Status, Branches

    City Customer Care Number
    Agra 1800-210-3030
    Ahmedabad 1800-210-3030
    Ambala 1800-210-3030
    Anand 1800-210-3030
    Aurangabad 1800-210-3030
    Bangalore 1800-210-3030
    Bhilai 1800-210-3030
    Bhilwara 1800-210-3030
    Bhiwadi 1800-210-3030
    Bhopal 1800-210-3030
    Bhubaneswar Cuttack 1800-210-3030
    Bikaner 1800-210-3030
    Chandigarh 1800-210-3030
    Chennai 1800-210-3030
    Cochin 1800-210-3030
    Coimbatore 1800-210-3030
    Dehradun 1800-210-3030
    Delhi 1800-210-3030
    Durg 1800-210-3030
    Faridabad 1800-210-3030
    Gandhinagar 1800-210-3030
    Ghaziabad 1800-210-3030
    Goa 1800-210-3030
    Greater Noida 1800-210-3030
    Gurgaon 1800-210-3030
    Guwahati 1800-210-3030
    Gwalior 1800-210-3030
    Hyderabad 1800-210-3030
    Indore 1800-210-3030
    Jabalpur 1800-210-3030
    Jaipur 1800-210-3030
    Jalandhar 1800-210-3030
    Jodhpur 1800-210-3030
    Kanpur 1800-210-3030
    Karnal 1800-210-3030
    Kolhapur 1800-210-3030
    Kolkata 1800-210-3030
    Kota 1800-210-3030
    Kozhikode 1800-210-3030
    Lucknow 1800-210-3030
    Ludhiana 1800-210-3030
    Madurai 1800-210-3030
    Meerut 1800-210-3030
    Mehsana 1800-210-3030
    Mohali Sas Nagar 1800-210-3030
    Mumbai 1800-210-3030
    Mussoorie 1800-210-3030
    Nagpur 1800-210-3030
    Nashik 1800-210-3030
    Noida 1800-210-3030
    Noida Extn 1800-210-3030
    Panipat 1800-210-3030
    Patna 1800-210-3030
    Pondicherry 1800-210-3030
    Pune 1800-210-3030
    Raipur 1800-210-3030
    Rajkot 1800-210-3030
    Ranchi 1800-210-3030
    Rohtak 1800-210-3030
    Roorkee 1800-210-3030
    Salem 1800-210-3030
    Shimla 1800-210-3030
    Sonepat 1800-210-3030
    Surat 1800-210-3030
    Trichy 1800-210-3030
    Udaipur 1800-210-3030
    Vadodara 1800-210-3030
    Varanasi 1800-210-3030
    Vijaywada 1800-210-3030
    Vizag 1800-210-3030
    Reliance Capital Home Loan Interest Rate
    Lowest EMI
    Home Loan Eligibility
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