Reliance Home loan interest rate starts from 10.00% to 11.75%, depending on the borrower's profile and the type of loan. The rates vary based on factors like the applicant's credit score, income, and loan amount. Additionally, processing fees for Reliance Capital home loans range from Rs. 5000 to 0.50% of the loan amount + GST.
What is the Reliance Finance Home Loan Interest Rate?
The exact rate for a borrower might vary and is determined through individual evaluation, including the creditworthiness assessed through CIBIL scores. However, the rate ranges from 10.00% to 11.75%.
These loans are available for both salaried and self-employed individuals, with options for a variety of repayment tenures. To secure the best rate, applicants should aim to maintain a strong credit score, provide accurate documentation, and consider reducing the loan amount by opting for a higher down payment.
This is all about Reliance home loan interest rate.
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My brother in law recently took out a home loan from Reliance Finance. To know about the details of the loan, I called him and asked him about the Reliance home loan interest rate and other details. He told me that the interest rate at which he got the loan was 10.00%. After that, he provided me with the rest of the details.
What is the Reliance Finance Home Loan Interest Rate?
To make it easier for you to understand, I have added all the information in the table below.
Particulars |
Charges |
Reliance Home Finance Interest Rate |
9.75% to 13% p.a. |
Loan amount |
Rs 10 Lakhs onwards |
Loan tenure |
Up to 12 years |
Processing fee |
Up to 2% |
LTV Ratio |
70% of property value |
Charges for change in property or asset |
Rs 0.5 of principal outstanding |
Loan cancellation charges |
Rs 10,000, along with the applicable interest amount from the date of disbursement till the date of cancellation, will be charged. |
He also told me about the documents that are necessary for the Reliance Home Finance Loan. I have listed those below.
Identity Proof: Passport, PAN card, Voters ID, Driving License, Aadhar Card, Passport, etc.
Address Proof: Passport, PAN card, Voters ID, Driving License, Latest Utility Bill.
Salary Slips (last 3 months)
Bank statement (Last 3 months)
2 - 3 Passport Size Photograph
These are all the documents that are needed for Reliance Home Finance Loan. I hope this information about Reliance home loan interest rate has been helpful.
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Authors Of The Question
What is Reliance Home Loan Interest Rate?
Ramesh
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2 Answers
4 months
2024-07-31T16:09:42+00:00 2024-07-31T16:09:43+00:00Comment
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