3 Crore RBL Bank Home Loan

Building a secure future often starts with owning your own place. RBL Bank gets that, which is why it offers a home loan specifically for salaried and self-employed individuals. This loan helps finance properties valued up to ₹85 lakh and comes with flexible terms, making homeownership a more realistic possibility.

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Written By
Utsah Sharma
Utsah Sharma
Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

85 Lakh Home Loan From RBL – Highlights 

Below are the highlights for an 85 lakh home loan from RBL Bank:

Feature Detail
Term Options Up to 25 years
Interest Rate Competitive rates
Prepayment Nil charges on floating rate loans
Approval Time Fast processing and approval

RBL 85 Lakh Home Loan EMI for 5 Years 

Item Detail
Loan Amount INR 85,00,000
Interest Rate 8.90% per annum
Monthly EMI ₹ 21,088.24
Number of EMIs 60  
Total Amount Paid ₹ 1,265,294.40
Interest in Amount ₹ 415,294.40

RBL 85 Lakh Home Loan EMI for 10 years

Item Detail
Loan Amount INR 85,00,000
Interest Rate 8.90% per annum
Monthly EMI ₹ 12,426.72
Number of EMIs 120 
Total Amount Paid ₹ 1,491,206.40
Interest in Amount ₹ 641,206.40

RBL 85 Lakh Home Loan EMI for 15 years

Item Detail
Loan Amount INR 85,00,000
Interest Rate 8.90% per annum
Monthly EMI ₹ 9,737.07
Number of EMIs 180 
Total Amount Paid ₹ 1,752,472.60
Interest in Amount ₹ 902,472.60

RBL 85 Lakh Home Loan EMI for 20 Years

Item Detail
Loan Amount INR 85,00,000
Interest Rate 8.90% per annum
Monthly EMI ₹ 8,039.74
Number of EMIs 240
Total Amount Paid ₹ 1,929,733.60
Interest in Amount ₹ 1,079,733.60

RBL 85 Lakh Home Loan EMI for 25 Years

Item Detail
Loan Amount INR 85,00,000
Interest Rate 8.90% per annum
Monthly EMI ₹ 7,041.18
Number of EMIs 300 
Total Amount Paid ₹ 2,112,354.00
Interest in Amount ₹ 1,262,354.00

85 Lakh RBL Home Loan – Fees and Charges

Fees and charges of 85 lakh RBL home loan include:

Fee Name Description
Application Fee INR 5,000 + taxes (non-refundable)
Processing Fee 1% of the loan amount or INR 15,000 + taxes (whichever is higher)
EMI Overdue Charges 2% of EMI + taxes
Prepayment Charges Nil for floating-rate loans

85 Lakh RBL Home Loan – Documents Required 

When applying for your dream home with a ₹85 lakh loan from RBL Bank, you’ll need to show the following documents to prove your identity and how financially stable you are. Here’s what they ask for:

  • A copy of your PAN Card, Voter ID, Passport, or Driving License.
  • A recent copy of a utility bill, lease agreement, or bank statement.
  • Your most recent salary slips, Form 16, and the last two years of Income Tax Returns.
  • They’ll want to see your ITRs, Profit and Loss statements, and some proof that your business has been doing well for a while now.

85 Lakh RBL Home Loan – Eligibility Criteria 

To be eligible for a home loan of ₹85 lakh from RBL Bank, applicants must fall under one of the following categories: salaried individuals, self-employed individuals, or professionals. Furthermore, they must meet the bank’s minimum age requirement, demonstrate financial stability through a minimum income level, and possess a good credit history. 

Frequently Asked Questions (FAQs)

What is the EMI on an 85 lakh home loan for 20 years in RBL?

Expect a monthly EMI of around ₹77,647.78 for an RBL home loan of ₹85 lakh at 8.90% interest over 20 years.

Who is eligible for an 85 lakh home loan in RBL?

To qualify for an 85 lakh home loan from RBL, you can be a salaried worker (in India or abroad), self-employed, or a professional. However, you'll also need to meet their income and employment stability requirements.

What is the monthly interest rate on an 85 lakh home loan in RBL?

An 8.90% annual interest rate on an RBL home loan translates to a monthly rate of approximately 0.741%.

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