Has Rbl Bank Reduced Home Loan Rates

As of Q3’21 interest rate announcements, RBL Bank has reduced its home loan interest rates by 0.7%. The earlier interest rate was 10.20% which has now come down to 9.50%. RBL bank offers one of the best home loan interest rates in the Indian market. 

RBL Bank home loan

The table below states some of the basic details of RBL bank home loan:

RBL bank offers home loan to customers to buy their dream home. Here are some important details regarding RBL home loans that can help applicants be better prepared for an application:

• The borrowing limit on RBL bank home loans is Rs. 10 crores, however, the actual amount will depend upon your home loan eligibility and other factors. 
• The bank may reject your home loan application in case you do not meet all the eligibility criteria or it observes any other issues regarding your credit standing. 
• The credit score is one of the most important factors used by the bank to determine an applicant’s financial status. 
• The bank verifies various details including CIBIL™ score while gauging an applicant’s eligibility. 
• The loan amount granted will depend upon the property type for which the loan is being sought. 
• As per RBI’s guidelines, banks can offer a maximum of 90% of the loan amount to buy the property if its value is below Rs. 20 lakhs. 
• The maximum loan tenure can be 25 years. 

Additional Reading: What Is The Rbl Bank Home Loan Rate Of 25 Lakh For 15 Years

The bank gives utmost importance to home loan-related documents and application procedures. Therefore, it has ensured a simple loan application process while keeping it hassle-free for customers.