3 Crore RBL Bank Home Loan
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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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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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