Ratnakar Bank LTD (RBL) Home Loan, Interest Rate and EMI Calculator Jan 2019

 

(Updated on 11.01.2019) RBL Home Loan EMI Calculator Jan 2019 – Get Instant Quick & Easy Approval on RBL 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.

RBL HOME LOAN – INSTANT QUOTES ONLINE

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RBL Home Loan

RBL Bank provides the best Home Loan with special features, unmatched service levels and flexible repayment options for borrowers to purchase any kind of residential property. RBL Bank offers the “Easy Home Loan” product which helps you save interest on your home loan and repay your loan faster. RBL Bank Home Loan interest rates is calculated after deducting the monthly average balance in the current account from the outstanding principal of the loan. Check your home loan eligibility and get the best deal with RBL home loan eligibility calculator.

Latest News RBL Banks

  1. RBL Bank Ltd, formally known as Ratnakar Bank, on Monday entered the list of India’s most valuable banks. RBL bank has replaced IDFC bank in the elite club with a market capitalization of ₹ 22,043.18 crore. Whereas, HDFC bank Ltd is still India’s most profitable bank with a market cap of ₹ 3.68 trillion, followed by state-run State Bank of India and ICICI bank.

RBL Home Loan Interest Rate

Interest Rate 10.45% onwards
Processing fee range 1.5% of loan amount or a minimum of Rs. 75000/
Loan Amount Up to 10 crores
Tenure up to 25 years

RBL Home Loan EMI Calculator

RBL 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

Product Features

  1. Home Loans of upto Rs. 10 Crores
  2. Flexible tenure of upto 25 years
  3. Minimal documentation and faster approvals
  4. Easy Home Loan available wherein you can save interest by maintaining balance in a linked account

RBL Home Loan Eligibility & Loan Criteria

  • Home Loan can be availed by salaried Individuals, self-employed individuals and self-employed professionals.
  • Home Loan can be offered to Indian Residents only.

Salaried Individuals

  • Minimum net income of Rs. 120,000 per annum.
  • Minimum age at loan sanction – 24 years. Maximum age at loan maturity – 60 years or super-Annunciation whichever is early.
  • Work Experience of minimum 1 year at current job and 2 years of total experience. If current job is less than 1 year, then 3 years of total experience required.

Self-Employed Individuals and Professionals

  • Minimum net annual income as per latest year ITR / Financials of Rs. 150,000.
  • Minimum age at loan sanction – 24 years. Maximum age at loan sanction – 65 years.
  • Business continuity of last three years in the same field.

RBL Home Loan List of Documents Required

  1. PAN Card – For Individual / Partnership Firm / Company
  2. Identity Proof – Any one (e.g. Voter ID / Driving License / Passport)
  3. Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
  4. Business Continuity Proof – Any one document dated 5 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / COI / Partnership Deed)
  5. Passport Size Photographs
  6. Any other valid Photo ID card issued by central or state government

List of Financial Documents Required For Salaried

Last 2 years Income tax returns or Latest 3 month salary slip or Latest Form 16 issued by the employer.

List of Financial Documents Required For Self-Employed Individuals

  1. Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
  2. Bank statements from the borrower’s main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet.

List of Financial Documents Required For Self-Employed Professionals

  1. Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
  2. Bank statements from the borrower’s main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet.
  3. Professional Qualification Certificate and Degree Certificate for professionals. (Doctors, Architects, Chartered Accountants etc.)

RBL Bank Home Loan Prepayments

  • No charges for pre-payment and foreclosure of floating rate home loans.

  • For fixed rate loans charges are applicable as per the schedule of charges.

  • Foreclosure charge : 2% of the limit set for the year.

RBL BANK HOME LOAN MCLR JANUARY 2019

Loan Tenure MCLR
Overnight 9.40%
1 Months 9.45%
3 Months 9.70%
6 Months 9.95%
1 Year 10.25%
2 Years 10.50%
3 Years 10.60%