Looking to elevate your banking relationship with RBL Bank by applying for a home loan? The key factor you're likely searching for is the RBL Bank home loan interest rate. In this article, we will provide you with all the details you need to make an informed decision. Read on to discover how RBL Bank’s competitive rates can help you achieve your dream of homeownership.

RBL Bank Home Loan Interest Rate February 2025

Here are the latest Home Loan Interest Rates of RBL Bank for 2025 -

Features of RBL Bank Home Loan

Here are some of the features of RBL Bank Home Loan -

• Home Loan up to Rs.30 Lakhs: Available for various housing needs, including the purchase of a new home, self-construction, plot purchase with construction, as well as home extension, repair, or renovation of a dwelling unit. Enjoy competitive interest rates and minimal documentation for a hassle-free loan experience.
• Balance Transfer & Top-up Facility: Transfer your existing home loan at attractive interest rates and reduce your EMI burden.  
• Flexible Tenure Options: Choose a repayment tenure of up to 30 years for home loans, ensuring affordable EMIs. For top-up loans, enjoy a flexible tenure of up to 15 years, helping you manage repayments with ease.

Key Benefits of RBL Bank Home Loan

These are some of the key benefits or advantages of RBL Bank Home Loan with affordable interest rates -

• Housing Loans of up to Rs.15 Crores: Fulfill your dream of owning a home with high loan amounts, catering to various housing needs, including luxury and premium properties.
• Flexible Tenure of up to 30 Years: Enjoy the convenience of long repayment periods, making EMIs more affordable and suited to your financial goals.
• Attractive Interest Rates: Benefit from competitive interest rates, ensuring lower EMIs and cost-effective home financing.
• Tax Benefits up to Rs.3.5 Lakhs: Save more with tax deductions on principal and interest repayment under applicable sections of the Income Tax Act.

Eligibility of RBL Bank Home Loan

RBL Bank Housing Loan is available for a wide range of applicants, including salaried individuals, salaried NRIs, self-employed individuals, and self-employed professionals, ensuring flexible financing options for diverse income groups.

Below there are some eligibility criteria for RBL Bank Home Loan. Understand the future benefits - 

Salaried Individuals:

• Minimum net income: Rs.1,80,000 per annum
• Age: 21–65 years (or as per category)
• Minimum 3 years of work experience; if current job tenure is under 1 year, a confirmation letter is required.

Self-Employed Individuals & Professionals:

• Minimum net annual income: Rs.1,50,000 (as per latest ITR/Financials)
• Age: 23–65 years at loan sanction.

Calculate Monthly RBL Bank Home Loan EMIs

To easily calculate EMIs for an RBL Bank Home Loan at different interest rates, use the Wishfin RBL Home Loan EMI Calculator for quick and accurate results.

Simply enter the following details:

• Loan Amount – The total amount you wish to borrow.
• Tenure – The repayment period you prefer.
• Interest Rate – The applicable rate offered by the bank.

For Ex: The table below displays the equal monthly payments (EMIs) for Rs.1,00,00,000 home loans with interest rates ranging from 9.00% p.a. And say up to 11.00% p.a. for terms up to 30 years. You can change the loan amount and other details as per your needs.

Documents Required For RBL Bank Home Loan

Here the documents are required while applying for the RBL Bank Home Loan - 

GENERAL DOCUMENTS

• PAN Card – Mandatory for Individuals, Partnership Firms, and Companies
• Identity Proof – Anyone (e.g., Voter ID, Driving License, Passport)
• Address Proof – Anyone (e.g., Voter ID, Driving License, Passport, Utility Bill, Registered Lease Deed/Sale Agreement, Bank Statement)
• Business Continuity Proof – Any one document at least 5 years old (e.g., Bank Statement, Sales Tax challenges, IT Returns, Shops & Establishment Certificate, Certificate of Incorporation, Partnership Deed)
• Passport Size Photographs – Recent photographs required
• Additional ID Proof – Any other valid photo ID issued by the Central or State Government

FINANCIAL DOCUMENTS 

For Salaried Individuals:

• Any one of the following:
  • The last 2 years Income Tax Returns
  • Latest 3 months' salary slips
  • Latest Form 16 issued by the employer

For Self-Employed Individuals:

• Latest audited ITR and financials for the past 2 years (Balance Sheet, Profit & Loss A/c, Computation of Income with all schedules)
• Bank statements: Last 6 months for the main account and last 3 months for all other accounts mentioned in the balance sheet

For Self-Employed Professionals:

• Latest audited ITR and financials for the past 2 years (Balance Sheet, Profit & Loss A/c, Computation of Income with all schedules)
• Bank statements: Last 6 months for the main account and last 3 months for all other accounts mentioned in the balance sheet
• Professional qualification and degree certificates (for Doctors, Architects, Chartered Accountants, etc.)

Other Charges on RBL Bank Home Loan

These are some other fees/charges on RBL Bank Home Loan apart from interest rates, understand the table given below to know the rates -

RBL Bank Home Loan Balance Transfer Rates

If you are already paying the home loan EMIs somewhere else and that too at a higher interest rate than RBL Bank, you better switch the portfolio to the latter and enjoy a run of lower EMIs, which will reduce your interest liability.

Apply For an RBL Bank Home Loan Online

Now that your quest for interest rate-related information is over, it’s time to know the ways by which you can apply for a home loan. 

• You just need to visit the official website of RBL Bank and click on ‘Apply Now’. 

• Then, a page titled ‘Loan Application form’ will appear on the screen. 

• Within that form, you need to select ‘Home Loan’ in the list of products and share a few personal and professional details before applying. 

• The bank will then send a team of executives for legal and technical verification of the property. 

• After checking the age and condition of the property, the market value of the property will be ascertained. 

• The bank will thus disburse a loan amount equivalent to a certain percentage of the market value.

Summing Up!

Purchasing a home is a dream that can become a reality with the RBL Bank Home Loan. They offer quick processing, minimal documentation, and attractive interest rates to help you buy your dream home effortlessly and are known for their best home loans in India. Whether you're purchasing a new home, constructing one, or renovating an existing property, our flexible loan options cater to your needs. Experience seamless financing with competitive RBL Bank Home Loan interest rates, making homeownership more affordable and stress-free. 

FREQUENTLY ASKED QUESTIONS

1. What are the latest RBL Bank Home Loan interest rates?

The RBL Bank Home Loan interest rates start from 9.00% p.a.

2. What types of properties can I finance with an RBL Bank Housing Loan?

An RBL Bank Housing Loan can be used for purchasing a home, self-construction, buying a plot, and building on it, as well as for home extensions, repairs, or renovations.

3. Can I transfer my current housing loan to RBL Bank?

Yes, you can transfer your existing housing loan from another lender to RBL Bank through a balance transfer and also avail of additional loan refinancing.

4. What is the RBL Bank Home loan processing fee?

The RBL Bank Home Loan processing fee is 1.25% of the loan amount.

5. Who and what are the eligibility criteria for ERBL Bank Home Loan Interest Rate?

Here are the eligible criteria for the RBL Bank Home Loans - 

• Salaried Individuals: Minimum net annual income of Rs.1.8 lakhs.
• Self-Employed Individuals: Minimum annual income of Rs.1.5 lakhs (as per latest ITR/Financials).
• Self-Employed Professionals: Proof of professional qualifications (e.g., Doctors, CA, Architects).
• Age: 21–65 years (salaried), 23–65 years (self-employed).
• Employment: 3 years of work experience for salaried; self-employed must show business continuity.