10 Lakh RBL Bank Home Loan

RBL Bank offers flexible and affordable home loan options to help you purchase your dream home. The RBL Bank’s 10 Lakh Home Loan comes with competitive interest rates starting from 8.90% annually and tenure of up to 30 years. This loan scheme is designed to make home-buying easier for everyone. Even if you're new to loans or banking, RBL Bank's customer-friendly approach ensures you understand every step. For a salaried employee or self-employed person, RBL Bank can help you achieve your homeownership goals easily and confidently.

10 Lakh Home Loan RBL Bank – Highlights

The following features make the RBL Bank home loan a viable option for anyone looking to buy a home with easy terms and benefits. Here’s a table of the key highlights of the 10 lakh home loan from RBL Bank:

10 Lakh Home Loan EMI for 5 – 25 Years RBL Bank 

You can easily calculate your EMI for a 10 lakh home loan at an interest rate of 8.90% with the Urban Money Home Loan EMI Calculator. Here’s a quick reference table for different loan tenures:

Use the Urban Money Home Loan EMI Calculator for more detailed and convenient calculations.

10 Lakh RBL Bank home loan – Fees and Charges 

Following are the information on the fees and charges of the 10 lakh RBL Bank home loan:

Prepayment and Foreclosure

• Floating Rate Loans: No charges
• Fixed Rate Loans: Charges as per schedule

Application and Processing Fees

• Application Fee: INR 5,000 + taxes (Non-refundable)
• Processing Fee (up to 30 lakhs): 1.50% or INR 10,000 + taxes (whichever is higher)
• Processing Fee (above 30 lakhs): 1.00% or INR 15,000 + taxes (whichever is higher)

10 Lakh RBL Bank Home Loan – Documents Required 

Here are the documents you’ll need:

Basic Documents

• PAN Card: For Individuals/Partnership Firm/Company
• Identity Proof: Any valid government-issued IDs 
• Address Proof: Any utility bills with the address
• Business Continuity Proof: Any one document dated 5 years old 

Financial Documents

For Salaried Individuals

• The last 2 years of Income Tax Returns or
• Latest 3 months’ salary slips or
• Latest Form 16 issued by the employer

For Self-Employed Individuals

• Latest audited ITR and financials for the last 2 years (Balance Sheet, Profit & Loss Account, Computation of Income with all schedules)
• Bank statements from the main account for the last 6 months and 3 months of all other bank accounts mentioned in the balance sheet

10 Lakh RBL Bank Home Loan – Eligibility Criteria 

The following are the 10 lakh RBL bank home loan eligibility criteria.

Salaried Individuals

• Minimum net income: INR 1,80,000 per annum
• Age: 24 to 70 years (at loan maturity)
• Work experience: At least 3 years; if the current job is less than 1 year, a confirmation letter is needed

Self-Employed Individuals and Professionals

• Minimum net annual income: INR 1,50,000 (latest ITR/Financials)
• Age: 24 to 65 years (at loan sanction)
• Business continuity: At least 3 years in the same field