Tag Archives: Reliance home loan eligibility

Reliance Home Finance Home Loan, Interest Rate and EMI Calculator Jan 2019

(Updated on 12.01.2019) Reliance Home Finance Ltd. Home Loan Jan 2019 – Get Instant Quick & Easy Approval on Reliance Home Finance Ltd. Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓ Interest Rate ✓ Loan Tenure ✓ Processing Fee ✓ Eligibility ✓ Best Offers & more.

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Reliance Home Loan

Reliance Home Finance provides Home Loan with its compelling home loan features to the borrowers for purchasing flats, villas, or ready built houses. Reliance Home Loan can be availed at the most competitive home loan rates with nil repayment charges, simplified documentation, less processing fees and lots more. Check your Reliance home loan eligibility today by using Home Loan Eligibility Calculator and get the best deals along with instant loan disbursal.

Reliance Home Loan Features

  • Customized Loan Solution.

  • Higher Loan Eligibility.

  • Longer tenure and lower EMI; Maximum Loan Tenure is 30 years for Reliance Home loan.

  • Balance Transfer at an attractive rate of Interest.

  • Loan sanction possible before selecting the property.

  • Loans under “No Income Proof” scheme available for Reliance Home Loan.

  • Doorstep service.

Reliance Home Loan Interest Rate

Interest Rate

10.00% onwards 

Processing fee range

0.5% of Loan amount

Loan Amount

Min. 30 Lakhs to Max. 5 crs

Tenure

3 years to 30 years

Reliance Home Loan EMI Calculator

Reliance Housing Finance Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
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Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Reliance Home Loan Eligibility

  • Salaried individuals confirmed in the service with a minimum service of 3 years.

  • Individuals engaged in business/professionals and self-employed persons. Such applicants should have been in the business/profession for a minimum period of 3 years.

  • The age of the borrowers should not be more than 55 years at the time of availing the loan.

  • Persons above the age of 55 years are also eligible subject to certain stipulations.

Reliance Home Loan Documents Required

KYC Documents

  • Identity Proof – Passport / PAN card / Voter’s Identity Card / Driving License / Identity card with applicant’s Photograph issued by Government, Aadhar Card.

  • Address Proof – Passport / PAN card / Voter’s Card / Driving License / Latest Utility bill (electricity, telephone, postpaid mobile phone, piped gas, water bill) / Property Tax receipt / Bank or Post Office savings bank account statement / Letter of allotment of accommodation issued OR Leave and license agreements issued by Government to the employee.

  • Signature Proof – Driving licence / Passport / PAN Card / Bankers Verification / Registered Sale deed / Government Employee ID card.

Documents required for Salaried

  • 3 Months Salary Slip for Salaried or Salary Certificate

  • Copy of last 2 years Form 16 or IT Return.

  • Bank Statement for the last 6 months of the salary account.

  • Appointment /Confirmation letter if current job tenure is less than 1 yr.

Documents required for Self Employed

  • Partnership Deed in Case of Partnership Firm; MOA/AOA in case of Company.

  • Copy of IT Return, Computation of Income, CA certified Balance Sheet and Profit & Loss Account, all for the last 2 years.

  • Bank Statement for the last 6 months of the Business accounts.

  • Office Address proof.

  • Tax audit report of individual partnership & company.

  • Latest Share Holding Pattern Attested by CA/CS in Case of Company.

  • VAT/ Sales Tax Returns.

  • List of directors attested by CA/CS for companies’ employees.

  • Sanction letter for working capital Limits & term loans with SOA.

  • Copy of Degree Certificate for Professionals.

  • Repayment Track Record for 1 year for existing loan.

  • NOC of loan closed within 1 year.

  • Bank debits for all current loans appearing in CIBIL report but not appearing in Bank statements submitted.

Reliance Home Loan Prepayments

Prepayment Charges on Floating Rate

  • Nil” for “individual borrowers”.

  • Prepayment charges will be applicable for Loan in which company, firm, etc. is a borrower or co-borrower.

Prepayment Charges on Semi Fixed rate of Interest

  • “Nil” prepayment charges if the loan has been converted in floating rate of interest at the time of pre payment / pre closure.

  • In case loan is on Fixed Rate at the time of closure, Prepayment Charges are “Nil” if Loan is pre-closed through “Own Source”* of funds (It would be chargeable if closed through other than own source.)

Prepayment Charges on Fixed Rate

  • Prepayment Charges are applicable if Housing Loan is not pre-closed by “Own Source” * of funds.