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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What is Reliance Home Loan Interest Rate?
Ramesh
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39 days
2024-07-31T16:09:42+00:00 2024-07-31T16:09:43+00:00Comment
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