Rajasthan Marudhara Gramin Bank Home Loan
Rajasthan Marudhara Gramin Bank (RMGB) offers affordable home loans with interest rates starting at 8.75%. You can borrow up to ₹20 lakh with flexible repayment options of up to 20 years. Backed by the Government of India, Government of Rajasthan, and SBI, RMGB ensures trust and reliability. With over 1,300 branches across Rajasthan, getting a home loan is simple and convenient. Enjoy tax benefits, minimal paperwork, and zero prepayment charges on floating rate loans.
Rajasthan Marudhara Gramin Bank Home Loan
Rajasthan Marudhara Gramin Bank offers housing loans at affordable interest rates starting from 8.75%. With over 1,390 branches across Rajasthan, the bank ensures easy access for homebuyers in both urban and rural areas. You can borrow up to ₹20 lakh and repay comfortably over 20 years with flexible EMI options.
The housing loan Rajasthan Marudhara Gramin Bank also provides attractive tax benefits — save up to ₹1.5 lakh under Section 80C on the principal amount and up to ₹2 lakh under Section 24(1) on interest payments. Enjoy minimal paperwork and no prepayment charges on floating-rate loans.
This guide covers everything you need to know about Rajasthan Gramin Marudhara Bank home loans — from eligibility and interest rates to documentation and benefits.
Rajasthan Marudhara Gramin Bank Home Loan Interest Rate
| Rate of Interest | Max funding | ||
| Credit Score | ROI | Loan Amount | Funding % |
| ≥800 | 8.75% | ≤ ₹30 Lakh* | 90% |
| 750 – 799 | 8.85% | 30 Lakhs and ₹75 Lakhs | 80% |
| 700-749 | 8.95% | Above ₹75 Lakhs | 75% |
| 650-699 & -1 | 9.05% | – | |
| Less than 650 | 9.30% | – | – |
| Apply Now | |||
Key Features of Rajasthan Marudhara Gramin Bank Home Loan
The Rajasthan Marudhara Gramin Bank housing loan offers multiple schemes designed to meet the diverse needs of homebuyers. With flexible options, quick approvals, and competitive benefits, RMGB stands out among regional banks for its customer-friendly services.
RMGB provides several home loan schemes such as:
- RMGB Realty Home Loan Scheme
- RMGB Saral Awas Rinn Yojna
- RMGB Top-Up Home Loan Scheme
Depending on the scheme, the loan amount ranges from ₹2 lakh to ₹2 crore. You can use your Rajasthan Marudhara Gramin Bank home loan for:
- Purchasing or constructing a new house/flat
- Buying an existing property
- Home extension or renovation
- Purchasing land for construction
- Taking over an existing home loan from another bank
- Furnishing and interiors as part of the total project cost
- Reimbursement of recent personal investments (within the past year)
Enjoy flexible repayment options of up to 20 years and zero prepayment charges on floating-rate loans. You can either reduce your EMI or shorten your loan tenure — whichever suits your financial goals.
RMGB ensures a smooth experience with minimal documentation, quick approvals, and personalized support from its experienced team. The bank also offers a 24/7 customer care service to help with your queries, making your journey to homeownership stress-free and convenient.
Rajasthan Marudhara Gramin Bank Home Loan Interest Rates
The interest rate plays a significant role in getting a Rajasthan Marudhara Gramin Bank home loan. Regular home loans start at 8.75% and go up to 9.30%, depending on your credit profile.
Your CIBIL score determines the interest rates at RMGB. A better score means you’ll get lower rates. The current rate structure for standard home loans looks like this:
| CIBIL Score | Interest Rate |
| ≥800 | 8.75% |
| 750-799 | 8.85% |
| 700-749 | 8.95% |
| 650-699 & -1 | 9.05% |
| Less than 650 | 9.30% |
The RMGB Saral Awas Rinn Yojna starts at 8.05%. This makes it a great choice if you’re looking for affordable housing finance.
The RMGB Reality Home Loan Scheme has rates between 9.15% and 9.60% based on your CIBIL score. You can use this scheme to buy residential plots in urban/semi-urban areas or those developed by government bodies.
Looking for a Home Top-Up Loan? The rates range from 9.15% to 9.60% based on your credit score. The OD-MaxGain facility offers rates from 9.00% to 9.60%.
There’s another reason your interest rate might change:
- Loans up to ₹30 lakhs with a Loan-to-Value (LTV) ratio above 80% (up to 90%) get a 0.10% premium.
- Women borrowers get a special 0.10% discount on home loan interest rates. This makes it an excellent choice for female applicants.
The bank reviews RMGB home loan interest rate structure regularly. Check the latest rates on their website or at your nearest branch before applying. The Rajasthan Marudhara Gramin Bank home loan calculator on their website helps you work out your EMI amounts.
Rajasthan Marudhara Gramin Bank Housing Loan Eligibility & Documentation
To apply for a Rajasthan Marudhara Gramin Bank housing loan, you need to meet certain eligibility criteria that ensure easy repayment and long-term financial stability. The bank follows clear and simple parameters for both salaried and self-employed applicants.
Basic Eligibility Criteria
To qualify for a housing loan from Rajasthan Marudhara Gramin Bank, you must:
- Be an Indian citizen or a Person of Indian Origin (PIO)
- Be between 18 and 70 years old (age at loan maturity)
- Have a regular income source – either salaried or self-employed
- Meet the minimum income requirement as per the loan amount
Salaried and self-employed applicants have different eligibility criteria:
| Parameter | Salaried Applicants | Self-Employed Applicants |
| Minimum Age | 24 years | 24 years |
| Maximum Age | 60 years | 65 years |
| Experience Required | 1 year | 3 years |
Co-applicants must be at least 18 years old, regardless of their employment type.
Documentation Required for Rajasthan Marudhara Gramin Bank Home Loan
Preparing your documents in advance helps speed up your Rajasthan Gramin Marudhara Bank home loan approval process. Here’s a checklist of what you’ll need:
Identity Proof
The Aadhaar Card, PAN Card, Passport, Driving License, or Voter ID
Address Proof
Aadhaar Card, Passport, Driving License, Voter ID, or Utility Bills (Electricity/Telephone/Postpaid Mobile)
Age Proof
Birth Certificate, PAN Card, Passport, Driving License, or School/College Leaving Certificate
Income Proof
- Salaried: Last 6 months’ salary slips, Form 16, and 6 months’ bank statements
- Self-Employed: Last 3 years’ ITR, CA-certified financial statements, and proof of business continuity
Property Documents
Title Deed, Approved Plan, and Cost Estimate (for construction or renovation)
Other Requirements
- Completed loan application form with recent photographs
- Applicable processing fee
Once all documents are submitted, Rajasthan Marudhara Gramin Bank reviews your application and verifies your details before sanctioning your home loan.
How NoBroker Helps You
Applying for a home loan can feel overwhelming — comparing interest rates, gathering documents, and meeting eligibility criteria takes time. That’s where NoBroker Home Loan Services make things easier.
Here’s how NoBroker helps you:
- Compare Multiple Lenders: Instantly check and compare interest rates from Rajasthan Marudhara Gramin Bank and other top banks/NBFCs.
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With NoBroker, you can secure a Rajasthan Marudhara Gramin Bank home loan at the best rate — without visiting multiple branches or dealing with lengthy formalities.
Conclusion
Rajasthan Marudhara Gramin Bank offers excellent home loans with competitive interest rates from 8.75%. Their network spans 1,392 branches throughout Rajasthan, making these loans available to most residents. Borrowers can choose flexible repayment terms up to 20 years that suit their budget.
These home loans come with significant tax advantages under Section 80C and Section 24(1). The bank doesn’t charge any prepayment fees on floating-rate loans. The simple documentation process and diverse loan schemes let you pick an option that matches your requirements.
A thorough review of your eligibility criteria and documentation will help speed up your loan approval. Your CIBIL score plays a crucial role in determining interest rates, and higher scores can help you qualify for rates as low as 8.75%. The nearest RMGB branch can help you explore these home loan options and guide you toward homeownership.
