Owning a home is a lifetime achievement that can come true with a Reliance Capital Home Loan, with interest rates starting at 9.75% p.a. The loan amount you can obtain ranges from Rs. 35 lakhs up to 90% of the property value. You can conveniently repay the loan in tenures of up to 20 years. The simplified documentation and doorstep service make the loan application and disbursement process seamless.
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Compare Reliance Capital Home Loan Interest Rates with Other Lenders
- Starting Interest Rate (p.a)
- Processing Fee
- Rating
- Min. Loan Amount
IDFC FIRST Bank HL Interest Rate
8.85%
Up to 3%
4.5
₹1L - ₹5Cr
Tenure(1 - 30 Years)
HDFC Bank HL Interest Rate
8.95% - 9.85%
Up to 0.5%
4.5
₹5L - ₹10Cr
Tenure(1 - 30 Years)
Axis Bank HL Interest Rate
8.75% - 14%
0.05%
4.5
₹5L - ₹1Cr
Tenure(1 - 25 Years)
Kotak Bank HL Interest Rate
8.9% - 9.6%
0.5% - 1%
4.5
₹1L - ₹1Cr
Tenure(1 - 20 Years)
Reliance Capital Home Loan Interest Rates 2023
The Reliance Capital Home loan is a financial product allowing borrowers to raise funds to acquire property in India. Reliance Capital Home loan interest rates commence from 9.75% per annum. Interest rates offered to applicants might vary based on the credit profile of the applicant. One can obtain up to 80% of the property value under the home loan scheme offered by this renowned financial company.
Reliance Capital Home Loan Highlight
The following table showcases the Reliance Capital home loan highlights:
Loan amount | Minimum: Rs 7.5 Lakhs Maximum: 80% of the market value of the Property |
Tenure | 20 Years |
Loan Available | To both salaried and self-employed Individuals |
Financing | Upto 85% of the market value of the property |
Processing Fee | Upto 2% of the Loan Amount |
Rates Packages | Fixed and Floating Charges |
Prepayment Charges | Floating Charges: Nil Fixed Charges: 2% to 5% per annum |
Interest Rate (Penal) | 3% per month |
Reliance Capital Home Interest Rates on Loan Schemes
The Reliance Capital Home Finance offers a wide range of Home Loan Schemes to the customers in India to cater to their housing requirements.
Reliance Capital Home Loan
The following table showcases the Reliance Capital home loan interest rate and other features:
Interest Rate | 9.75% - 11% Per Annum |
Tenure | 20 Years |
Minimum Amount | Rs 35+ Lakhs |
Eligibility | Salaried And Self-employed |
Processing Charges | 0.5% to 1.5% of Loan Amount |
Reliance Capital Affordable Home Loan
The following table showcases the Reliance Capital home loan interest rate and other features:
Interest Rate | 9.75% - 13% Per Annum |
Tenure | 20 Years |
Minimum Amount | Rs 35 Lakhs |
Eligibility | Salaried and Self-employed |
Processing Charges | 0.5% to 1.5% of Loan Amount |
Reliance Capital Home Interest for Salaried and Self-Employed
The Reliance Capital Home Loan Interest rates for Salary, and Self-employed individuals are determined after computing various factors such as the CIBIL score, loan amount and the applicant's credit history. The bank also reviews the income stream to assess the repayment. Generally, Reliance Capital Home Loan Interest rates commence from 9.75% per annum.
Reliance Capital Home Interest for Govt Employee
The individual can contact the official channels established by Reliance Capital to inquire about the concessions on interest rates on home loans to government employees.
Reliance Capital Bank Home Loan Interest Rate For Women
The women applicants can contact the official channels to learn more about the interest rates offered on home loans.
Reliance Capital Home Loan Interest Rate For NRI
The eligible applicants can contact the official channels established to know about the NRIs' Reliance Capital Home Loan Interest Rates.
Reliance Capital Home Loan Interest Rate and Other Charges
Reliance Capital levies the following charges in the home loan application process:
Processing Fees | Loan Amount Upto Rs 35 Lakhs: Home Loan for More than Rs 35 Lakhs: Construction: Up to 3% |
Documentation Charges | Upto Rs 35 Lakhs: Rs 2,500 Above Rs 35 Lakhs: Rs 5,000 |
CERSAI Charges | Rs 500 per property |
Dishonor Charges | Rs 750 per instance |
Overdue Interest | 3% on the interest unpaid |
Loan Cancellation Charges | Rs 10,000 applicable interest Amount |
Pre Payment Charges | As per Bank’s Discretion |
Charges for Change on EMI Cycle | Rs 500 |
Switch Fee | Upto 2% on the outstanding principal |
How to Calculate Reliance Capital Home Loan Interest?
To calculate Reliance Capital home loan interest rates, you must calculate the total amount of interest you will be charged. To do this, you must know the loan amount, the interest rate, and the repayment term. First, calculate the interest rate by dividing the loan amount by the repayment term. Then, multiply the interest rate by the loan repayment term to get the total interest amount. Finally, divide the total interest amount by the loan repayment term to get the interest rate for the loan.
Reliance Capital calculates the interest on the home loan by applying the following formulae.
EMI = [P x r x (1+r)^n]/[(1+r)^n-1]
Where,
- P is the Principal amount.
- r is the interest rate on the loan
- n is the repayment tenure
For example, if you take out a loan of Rs. 10,00,000 at an interest rate of 10% and a loan repayment term of 10 years, the total interest amount will be Rs. 1,00,000. The interest rate for the loan will be 10% per annum.
Why are Reliance Capital Home Loan Interest Rates the Best for Customers?
Reliance Capital offers some of the best home loan interest rates in the market, making them an attractive option for customers. Their interest rates are competitive, and their repayment plans are flexible, allowing customers to customise their loan repayment according to their needs and budget. They also offer a wide range of loan amounts and repayment terms, allowing customers to find a loan that best suits their requirements.
Additionally, they have a vast network of branches, making it easy for customers to access their services.
Reliance Capital Home Loan Interest Rates for Existing Customers
Existing customers can inquire about the concessions offered on Reliance capital home loan interest rates by contacting the official channels established by the company.
Factors Affecting Reliance Capital Home Loan EMIs
The following factors impact Reliance Capital Home Loan EMIs.
- Credit Score: Your credit score significantly determines the interest rate and EMI on your home loan from Reliance Capital. The higher the credit score, the lower the interest rate and EMI.
- Loan Amount: The loan amount also plays a role in determining the interest rate and EMI on your home loan from Reliance Capital. Generally, the higher the loan amount, the higher the interest rate and EMI.
- Loan Tenure: The loan tenure also affects the interest rate and EMI on your home loan from Reliance Capital. Generally, the longer the loan tenure, the lower the interest rate and EMI.
- Property Value: The value of the property you seek to purchase also plays a role in determining the interest rate and EMI on your home loan from Reliance Capital. Generally, the higher the property value, the lower the interest rate and EMI.
- Income: Your income also plays a role in determining the interest rate and EMI on your home loan from Reliance Capital. Generally, the higher your income, the lower the interest rate and EMI.
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Financial Calculators
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Frequently Asked Questions (FAQs)
What's the interest rate for Reliance Capital?
The Reliance Capital home loan interest rate commences from 9.75% per annum.
What is the current interest rate on the Reliance Capital home loan?
The interest rate offered to the applicant is subject to their credit profile and creditworthiness.
Does Reliance Capital provide 90% home loans?
Reliance capital offers up to 80% property value to the applicants on home loans.
What is the EMI for 30 lakhs home loan for 20 years?
The EMI for the above mentioned amount and tenure would be based on the interest rate determined by the bank.
How can I reduce my Reliance Capital home loan interest rate?
The applicant can reduce their interest rate by maintaining a satisfactory CIBIL Score.