Reliance Capital Home Loan Interest Rates

4.5

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.

  • Home Loan offer for You

  • 9.75% - 13%

    Interest Rate (p.a.)
  • ₹7.5L

    Tenure(Up to 20 Years)
  • ₹2,112 - ₹2,275

    EMI Per Lakh
  • 9.75% - 13%

    Interest Rate (p.a.)
  • ₹7.5L

    Tenure(Up to 20 Years)
  • --

    Processing Fee

Compare Reliance Capital Home Loan Interest Rates with Other Lenders

  • Starting Interest Rate (p.a)
  • Processing Fee
  • Rating
  • Min. Loan Amount
  • 5 Lac
  • 20 Cr
Years
  • 5
  • 30
%
  • 6
  • 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

Reliance Capital Home Loan Interest Rates 2024

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.

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.

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