Home Loan By RBL Bank

Own your dream home with RBL Bank Home Loans. RBL Bank offers home loans with easy documentation and faster processing so that you can own your dream house without any delays.

RBL Bank also offers the “Easy Home Loan” product which helps you save interest on your home loan and repay your loan faster.

Product Features For Home Loan By RBL Bank

Home Loans of upto Rs. 10 Crores

Flexible tenure of upto 25 years

Minimal documentation and faster approvals

Easy Home Loan available wherein you can save interest by maintaining balance in a linked account

Eligibility & Loan Criteria For Home Loan By RBL Bank

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-annuation 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.

 

List of Documents Required For Home Loan By RBL Bank

PAN Card – For Individual / Partnership Firm / Company

Identity Proof – Any one (e.g. Voter ID / Driving License / Passport)

Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)

Business Continuity Proof – Any one document dated 5 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / COI / Partnership Deed)

Passport Size Photographs

Any other valid Photo ID card issued by central or state government

 

List of Financial Documents Required For Home Loan By RBL Bank

For Salaried

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

For Self-Employed Individuals

Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)

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.

For Self-Employed Professionals

Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)

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.

Professional Qualification Certificate and Degree Certificate for professionals. (Doctors, Architects, Chartered Accountants etc.)

About

RBL Bank is one of India’s fastest growing scheduled commercial banks. It is continuously expanding its presence across India through a growing network of branches and ATMs.

Established in 1943, RBL Bank undertook a transformational journey under a new management team in 2010. It embarked on an aggressive growth plan based on a robust platform of professional governance, relationships, technology infrastructure, high quality capital and geographic expansion. Over the last five years, some of the most notable global and domestic names have infused capital of over Rs. 1,500 Crores, taking TIER 1 capital to Rs. 2,200 Crores (approx).

Today, RBL Bank offers specialized services under five business verticals namely: Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking and Financial Markets. The Bank currently serves more than 14,00,000 customers and has a total business size of over Rs. 31,000 Crores.

As of May 2015, RBL Bank has grown to a network of 183 branches and 351 ATMs across 13 Indian states.

About

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