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Religare Home Loan, Interest Rate and EMI Calculator 2017

(Updated on 12.09.17) Religare Home Loan September 2017 –  Get Instant Quick & Easy Approval on Religare 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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Religare Home Loan

Religare Housing Development Finance Corporation Ltd., a subsidiary of Religare Finvest Ltd, provides customers a range of best affordable and flexible home loans at pleasant interest rates and within customers’ budget limitations. Religare Home loans are renowned for its striking features suchs as transparent processing, flexible tenure, rapid service, opportunity for a floating rate loan or a fixed rate loan, flexible home loan rates, balance transfer facility, and lots more. Religare Home Loans can be availed for construction/purchase of new or old house or flat or plot and for extension/improvement of existing house or flat. Religare Housing Development Finance Corporation Ltd. offers a wide a range of home loan products such as home Improvement Loans, Home Extension Loans and Self Construction Loans.

Religare Home Loan Features

  • Religare provides an extensive range of home loan products like Religare Home Purchase Loans, Religare Home Construction Loans, Religare Home Extension Loans, Religare Home Improvement Loans and Plot Loans.

  • Robust service delivery model – door step services.

  • Facility of enhancement in loan amount in the event of escalations in cost.

  • Various repayment options.

  • Religare Home Loans for the purpose of self-construction of a residential house property.

  • Religare Home Extension Loans for adding more space to your existing home with respect to your family needs.

  • Interest Calculated on Monthly Reducing Balance

  • Longer Loan Tenure, and lowest monthly EMI.

Religare Home Loan Interest Rates

Interest Rates

13.2%

Processing Fee

Up to 3.5% of the loan amount

Loan Amount

Rs. 2 lakhs to 50 lakhs

Loan tenure

Maximum 20 years

Loan to Value

80% of the property Value

Religare Home Loan Eligibility Criteria

  • Self-employed individual should be above 21 years.

  • Salaried Individual should be above 25 years .

  • Salaried individual should have minimum 3 years work experience and should have stable income.

  • Mortgage (details of property to be mortgaged as security for the loan)

  • Guarantee (the name of the Guarantors should be mentioned).

  • Other Securities (the details of other securities can be mentioned, if any)

  • Other eligibilities will also be taken into account.

Religare Home Loan Documents Required

  • Completed application form duly signed by each applicant and by guarantors (if any).

  • Signed colored photograph of each applicant and of individual guarantors and co-applicants (if any).

  • Age Proof: Passport, Pan Card, Voters ID card, Driving License, High School Mark sheet or Birth Certificate (Any one of the following)

  • Signature Verification: Passport, Pan Card, Driving License, Banker’s signature verification (it will be required in case signature mis-match in the KYC Docs and application form). (Any one of the following)

  • Proof of identity / existence

For Individual

  • Passport, Pan Card, Voters ID card, AADHAAR UID number issued by UIDAI, Driving License, Ration Card with Photograph, Bank pass book with photo, Letter from existing Banker certifying address & photograph. (on Bank’s Letterhead with Logo), Identity card issued by a government undertaking organization, Letter from a recognized public government gazetted verifying the identity of the customer. (any one of the following)

  • Shop & establishment registration copy

  • Sales tax / VAT registration certificate copy

  • VAT assessment order copy and Signature verification from bankers with applicant signing as proprietor for the firm (if any).

For Non-individual

  • Shops & Establishment certificate /Trade license certificate/SSI registration certificate.

  • Sales Tax/ VAT Registration certificate, Partnership Deed (for firms)/ Memorandum of Association (for companies), Export-Import Code Certificate, Factory registration certificate, Professional qualification certificate and Degree/ Certificate for Professionals, Certificate of Registration issued by Ministry of Corporate Affairs, PAN Card, Limited Liability Partnership (LLP) – Registration Certificate issued by MCA (any one of the following).

  • Address proof

For Individual

  • Passport, Voters ID card, Driving license, Ration Card, Utility bill – Electricity or Water bill (Not older than 2 months at the time of approval), Telephone Bill (Landline/WLL) of Public and approved Private operators in the state ( Not older than 2 months at the time of approval), Latest Rent agreement / Leave & License agreement, Sale deed of the property, if owned, Letter from existing Banker certifying address (on Bank’s Letterhead with Logo), Property tax receipt (Not older than 3 months at the time of approval), Bank pass book, Bank Statement (Not older than 2 months at the time of approval), Post paid bill (Not older than 2 months at the time of approval). (any one of the following)

  • Letter from a recognised government gazetted officer verifying the Address of the customer, Certificate issued by ward officer maintaining election roll certifying address of the applicant, Signed and stamped by the authority, Latest premium receipt of general / life insurance company (not more than 12 months old in case of annual premium), Letter conforming the address issued by the employer where the employer company is either listed or a government undertaking. (any one of the following)

For Non-individual

  • Telephone Bill-(Landline) – MTNL,BSNL,VSNL (Not older than 2 months at the time of approval), Post paid bill (Not older than 2 months at the time of approval), Bank Statement (Not older than 2 months at the time of approval), Utility bill – Electricity or Water bill (Not older than 2 months at the time of approval), Shop & establishment Certificate,Sales Tax Certificate, Latest Rent agreement / Leave & License agreement, Sale deed of property, Title document of shop/business premises. (any one of the following)

  • Certificate of Incorporation issued by MCA, Shell Companies- Registration Certificate from the MCA site with address which is same as mentioned by the applicant in our application form. (any one of the following)

Ownership Proof: (any of the following)

  • Sale Deed of the property.

  • Utility Bills (Electricity & Water bill should be not be more than 2 months old).

  • Property Tax receipt latest with copy of the title deed.

Religare Home Loan Prepayments

On Foreclosure of Religare Home Loan

Floating rate on housing/non-housing loans for individuals

Nil

Fixed rate on housing loans/non-housing loans for individuals (own)

Nil

Fixed rate housing loans for individuals- Balance transfer

2% of principal amount

Non-individual housing/non-housing loans (fixed/floating)

2% of principal amount

Documents handling charges post closure of loan

Rs. 500 per day

N.B. Part prepayment/foreclosure of home loan is allowed only after 12 months from the date of loan disbursement.

Religare Home Loan EMI Calculator

Religare 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
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Religare Home Loan EMI Calculation

For a loan amount of Rs 20,00,000 for 15 years at the interest rate of 13.2% p.a., the EMI comes out as 25,569 . To know the EMIs for 15 years, see the table given below.

Home Loan Amount (Rs.)

Interest Rate(%p.a)

Loan Tenure(yrs)

Monthly Installment(EMI)

Total Interest Amount

Total Amount (Principal + Interest)

20,00,000

13.2%

1

1,78,822

1,45,867

21,45,867

20,00,000

13.2%

2

95,272

2,86,519

22,86,519

20,00,000

13.2%

3

67,581

4,32,906

24,32,906

20,00,000

13.2%

4

53,854

5,84,979

25,84,979

20,00,000

13.2%

5

45,711

7,42,670

27.42,670

20,00,000

13.2%

6

40,360

9,05,894

29,05,894

20,00,000

13.2%

7

36,602

10,74,546

30,74,546

20,00,000

13.2%

8

33,839

12,48,510

32,48,510

20,00,000

13.2%

9

31,738

14,27,652

34,27,652

20,00,000

13.2%

10

30,099

16,11,825

36,11,825

20,00,000

13.2%

11

28,794

18,00,873

38,00,873

20,00,000

13.2%

12

27,740

19,94,628

39,94,628

20,00,000

13.2%

13

26,878

21,92,914

41,92,914

20,00,000

13.2%

14

26,164

23,95,551

43,95,551

20,00,000

13.2%

15

25,569

26,02,350

46,02,350

Religare Home Loan Amortization Table

Year

Principal

Interest

Balance Amount

1

Rs. 53,103

Rs. 260,865

Rs. 1,946,897

2

Rs. 60,553

Rs. 253,415

Rs. 1,886,344

3

Rs. 69,049

Rs. 244,919

Rs. 1,817,295

4

Rs. 78,737

Rs. 235,231

Rs. 1,738,558

5

Rs. 89,782

Rs. 224,186

Rs. 1,648,776

6

Rs. 102,377

Rs. 211,591

Rs. 1,546,399

7

Rs. 116,739

Rs. 197,229

Rs. 1,429,660

8

Rs. 133,117

Rs. 180,851

Rs. 1,296,543

9

Rs. 151,789

Rs. 162,179

Rs. 1,144,754

10

Rs. 173,085

Rs. 140,883

Rs. 971,669

11

Rs. 197,367

Rs. 116,601

Rs. 774,302

12

Rs. 225,054

Rs. 88,914

Rs. 549,248

13

Rs. 256,626

Rs. 57,342

Rs. 292,622

14

Rs. 250,811

Rs. 56,017

Rs. 285,787

15

Rs. 286,063

Rs. 20,832

Rs. 0

Religare Home Loan Customer Care

For any home loan related enquiry, you can call at the customer care number: 1860-3000-4111. You also send SMS by typing ‘Loans’ and send it to ‘575758’.

Religare Housing Development Finance Corporation Ltd. Offices

Registered Office: 2nd Floor, Rajlok Building, 24, Nehru Place, New Delhi-110019
Corporate Office: Paras Twin Towers, 9th Floor, Golf Course Road, Sector-54, Gurgoan – 122002
Head Office: GYS Global, 1st Floor, Plot No A-3, 4 & 5, Sector 125, Noida – 201301