RBL Home Loan Interest Rate & Details- 2025

RBL Home Loan Interest Rate & Details- 2025

Explore RBL Bank Home Loan options, a trusted financial institution in India known for its reliable and customer-friendly offerings. Whether you are salaried, self-employed, or an NRI, RBL provides a variety of home loan solutions tailored to your needs. The RBL Bank Home Loan Interest Rate is competitive, helping you manage your finances efficiently.

This guide provides a complete overview of RBL home loans, including interest rates, eligibility criteria, the application process, and other key details. Get all the information you need to make informed decisions and plan your home loan journey with confidence.

RBL Home Loan Interest Rates

The RBL Home Loan Interest Rate starts from 8.20% per annum. The final interest rate offered by RBL Bank depends on factors such as your credit score, loan amount, type of employment, and other eligibility criteria.

Use this information to estimate your home loan costs and plan your EMIs effectively.3

Types of RBL Home Loan

1. RBL Bank Home Loan

• Borrower Profile: Indian Residents only

• Purpose: This is a standard home loan for purchasing or constructing a house. It can also be used for home renovation, repair, or extension. Existing home loan borrowers can transfer their loans from other banks/HFCs to RBL Bank at lower interest rates through the Home Loan Balance Transfer facility.

• Loan Tenure: Up to 25 years

• Loan Amount: Up to ₹10 crore

2. RBL Bank Affordable Home Loan

• Borrower Profile: Resident Indians only

• Purpose: Designed for purchasing or constructing a new house/flat, this scheme is also suitable for renovation, repair, or home improvement.

• Loan Tenure: Up to 30 years for home loans and up to 15 years for top-up loans

• Loan Amount: Up to ₹30 lakh

Both schemes offer flexible options to suit different financial needs, making it easier for Indian residents to own or improve their homes with RBL Housing Loans.

RBL Home Loan Eligibility Criteria

RBL Bank offers home loans for salaried individuals, self-employed individuals, and self-employed professionals who are Indian residents. Here’s a detailed overview of eligibility:

1. Income Criteria

• RBL Bank Affordable Home Loan: Minimum net salary or net business income of ₹7,000 per month.

• RBL Bank Home Loan:
  

  • Salaried Individuals: Minimum net income of ₹1.2 lakh per annum.

  • Self-Employed Individuals & Professionals: Minimum net annual income of ₹1.5 lakh as per the latest ITR/financial statements.

2. Age Limit

• Affordable Home Loan:

  • Maximum age at loan maturity: 60 years for salaried, 65 years for self-employed.

• RBL Bank Home Loan:

  • Salaried Individuals: Minimum age 24 years; maximum age at maturity 60 years or superannuation, whichever is earlier.

  • Self-Employed Individuals & Professionals: Minimum age 24 years; maximum age 65 years.

3. Work Experience / Business Continuity

• Salaried Individuals: Minimum 1 year at current job and 2 years total experience. If the current job is less than 1 year, a total experience of 3 years is required.

• Self-Employed Individuals & Professionals: Minimum 3 years of business continuity in the same field.

4. Credit Score

While RBL Bank does not publicly specify a minimum credit score, lenders consider it when evaluating eligibility. Applicants with credit scores 750 & above have higher chances of approval and may get a lower RBL Bank Home Loan Interest Rate. If you are new to credit or have a score below 750, consider building your credit using a secured credit card against fixed deposits.

Use the RBL Home Loan Interest Rate and eligibility details to plan your finances effectively before applying for a home loan.

RBL Home Loan – Documents Required

To apply for an RBL Bank Home Loan or RBL Housing Loan, you need to submit the following documents based on your employment type:

1. For Salaried Individuals

• Duly filled and signed application form with photographs

• Identity, address, and age proof

• Salary slips for the last 3 months

• Bank statements for the past 6 months

• Form-16 and Income Tax Return (ITR) details

• Title documents of the property

2. For Self-Employed Individuals

• Duly filled and signed application form with photographs

• Identity, address, and age proof

• ITR and financial statements, including balance sheet, profit & loss account, and schedules (certified by a CA)

• Bank statements for the past 12 months

• For partnership firms: Latest partnership deed

• For companies: Latest Memorandum and Articles of Association (with CA certificate on profit-sharing ratio, directors, or shareholding)

• For Limited Liability Partnership (LLP): LLP Agreement

• Title documents of the property along with business address proof

Note: Providing complete and correct documents can help in faster processing and approval of your RBL Bank Home Loan. Using the latest RBL Bank Home Loan Interest Rate or RBL Home Loan Interest Rate helps you calculate EMIs accurately before applying.

How to Apply for RBL Home Loan

The process of applying for an RBL Bank Home Loan is straightforward, particularly with the convenience of online application options. Here, we present a detailed step-by-step guide to assist you with your application:

• Research: Understand the various RBL Bank Home Loan schemes and choose the one that suits your needs.

• Check Eligibility: Use RBL’s online eligibility calculator to determine your loan eligibility.

• Gather Documents: Collect all the necessary documents as per the loan scheme and applicant type.

• Online Application: Visit the RBL’s official website or use reliable platforms like NoBroker to apply online. You can also check your loan status online via the official website.

• Fill Application Form: Provide accurate details and upload the required documents.

• Application Review: RBL will review your application and may request additional documents if necessary. Then you have to wait for the loan status.

• Loan Approval and Disbursement: Once the application is approved, the loan amount will be disbursed to your bank account.

By following these steps, you can complete the RBL Bank Home Loan application process conveniently and efficiently.

Tax Benefits of the RBL Bank Home Loan

Taking an RBL Home Loan comes with attractive tax benefits under Indian income tax laws.

• Interest Deduction: For a self-occupied home, you can claim a deduction of up to ₹2 lakh on the interest paid during the financial year.
• Rental Property: If the property is rented out, there is no limit on the interest paid that can be claimed as a deduction.
• Principal Repayment: The principal portion of your home loan repayment can be claimed as a deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act.

These tax benefits make an RBL Bank Home Loan not only a way to own your dream home but also a smart financial decision.

RBL Home Loan Schemes

RBL Bank offers a variety of home loan schemes with competitive interest rates that vary depending on the loan type and tenure. Understanding these options can help borrowers choose the best solution for their financial needs.

1. Secured Home Loan

• Applicant Type: Salaried & self-employed borrowers
• Eligibility: Age 24–70 years; monthly income ₹15,000–₹25,000
• Loan Tenure: Up to 30 years
• Maximum Loan Amount: Up to ₹15 Crores
• Interest Rate: 9.10% onwards
• Processing Fees: 1.5% of loan amount + GST
• Purpose: Financing purchase, construction, renovation, or extension of a home.

2. Balance Transfer Home Loan

• Applicant Type: Salaried & self-employed borrowers
• Eligibility: Age 21–65 years; minimum monthly income ₹30,000
• Loan Tenure: Up to 30 years
• Maximum Loan Amount: Up to ₹30 Lakhs
• Interest Rate: 9.10% onwards
• Processing Fees: 1.5% of loan amount + GST
• Purpose: Transfer existing home loans from other banks/HFCs to RBL for lower RBL Bank Home Loan Interest Rate or flexible repayment.

3. NRI Home Loan

• Applicant Type: NRIs
• Eligibility: Age 23–65 years; monthly income ₹50,000–₹1,80,000
• Loan Tenure: Up to 30 years
• Maximum Loan Amount: Up to ₹15 Crores
• Interest Rate: 9.10% onwards
• Processing Fees: 1.5% of loan amount + GST
• Purpose: Purchase property in India for NRIs.

4. Self-Employed Home Loan

• Applicant Type: Self-employed borrowers
• Eligibility: Age 23–65 years; monthly income ₹15,000–₹25,000
• Loan Tenure: Up to 30 years
• Maximum Loan Amount: Up to ₹15 Crores
• Interest Rate: 9.10% onwards
• Processing Fees: 1.5% of loan amount + GST
• Purpose: Tailored for self-employed borrowers who may find it difficult to get loans elsewhere.

5. Senior Citizen Home Loan

• Applicant Type: Senior citizens
• Eligibility: Age 60 years and above
• Loan Tenure: Up to 20 years
• Maximum Loan Amount: Up to ₹30 Lakhs
• Interest Rate: 9.10% onwards
• Processing Fees: 1.5% of loan amount + GST
• Purpose: Specially designed for senior citizens purchasing property.

6. Green Home Loan

• Applicant Type: Salaried & self-employed borrowers
• Eligibility: Age 21–60 years; minimum monthly income ₹25,000
• Loan Tenure: Up to 30 years
• Maximum Loan Amount: 90% of the property value
• Interest Rate: 9.10% onwards
• Processing Fees: 1.5% of loan amount + GST
• Purpose: Encourages the purchase or construction of eco-friendly homes.

By understanding the RBL Home Loan Interest Rate for various schemes, borrowers can make informed decisions and choose the RBL Housing Loan that best fits their repayment capacity and financial goals.

RBL Home Loan Customer Care

If you have any inquiries or require assistance regarding an RBL Home Loan, you can get in touch with their customer support team. Below are the contact details for Customer Care:

How NoBroker Helps:

NoBroker simplifies the home loan process by connecting you with trusted lenders, helping you compare interest rates, calculate EMIs, and apply online without visiting multiple banks. With NoBroker, you can save time, reduce paperwork, and increase your chances of getting the best RBL Home Loan suited to your needs — all from the comfort of your home.

Start your homeownership journey with confidence and convenience with RBL Home Loans and NoBroker’s expert support.

Conclusion

RBL Home Loans offers a fantastic opportunity for individuals to turn their homeownership dreams into reality. With competitive rates, flexible loan options, and a variety of schemes, RBL effectively meets the diverse needs of borrowers. This article has provided you with a comprehensive understanding of RBL Bank home loan details, interest rates, eligibility criteria, the application process, and customer support options.