Repco Home Finance

Last Updated : July 13, 2020, 2:56 p.m.

About Repco Home Finance

So you have decided on the kind of home you want to buy for yourself and your family. Great! Now you have entered a decisive stage of further streamlining your options, given your priorities and budget. Repco Home Finance Ltd. helps you in achieving your vision of owning a house by offering you home loans suited as per your individual needs in a transparent and ethical way. The company offers you the most cutting-edge home loan products such as purchasing/construction/improvements/extension. Home loans are available upto Rs. 30 lakhs & above for a maximum period of 20 years.

Repco Home Finance Interest Rates April 2024

Salaried and Self-employed professionals are allowed to avail Repco Home Finance depending on their personal eligibility criteria evaluated by Repco Home Finance Ltd.

Repco Bank Home Loan Documents Required

The documentation required to apply for home loans at Repco Home Finance are as follows:

Repco Home Finance Branches

Contact your nearest customer care representative of Repco Home Finance Limited branches for any queries relating to the processing of your home loan, unavailability to produce any document for evidence or any other issues or grievances.You can also call at 1800-425-6070(Toll-free number) or drop an email at the email address mentioned on the website.

Repco Home Finance EMI Calculator

Repco Home Finance EMI Calculator helps you to calculate your EMI for a particular loan at lower interest rates. Now conversion of loan amount into simple EMI becomes easy and hassle free. You need to enter details such as loan amount, the number of months and interest rate applicable on your loan. The final value derived from the calculator will be your actual EMI payable after a specified period of time.

The following table gives you details on your calculated EMI along with interest and the total amount that costs you against your sanctioned home loan.

Home Loan Eligibility Calculator

Now let us understand the loan amount eligibility with the help of an example below. Suppose you are an IT professional earning Rs. 50,000 p.m. You have saved Rs. 20,000 for repaying it towards your EMI. Normally, EMIs fall in the range of 50%-60% of your net salary for disbursing higher loan amounts. In general, the calculation of income-savings pattern is done by Repco Home Finance Eligibility calculator, by taking into consideration per lac EMI. The expected loan amount calculated is based on the formula stated below:

Amount- INR 100,000

Rate of Interest – 9.62% p.a.

Loan Tenure – 20 Years

Per Lac EMI – INR 940

Loan Amount Eligibility – INR 1,00,000 x savings/per lakh EMI

INR 100,000 x 20,000/940= INR 21.30 lakhs(approx.)

So, the expected home loan amount from Repco Home Finance amounts to INR 19.70 lakhs – INR 20.04 lakhs(approx.)

Features and Benefits of Repco Home Finance

• Affordable rates of interest
• Clear and understandable terms
• Hassle-free norms
• Quick sanctions & disbursements
• Better customer service
• Door-step services