55 Lakh RBL Bank Home Loan

With RBL Bank’s attractive interest rates starting from 8.90% annually and flexible repayment tenure, owning your home will not be just a dream. The repayment of home loans at RBL Bank is flexible, allowing applicants to borrow a home loan and repay it over 30 years. RBL Bank accommodates large-scale financing needs by offering a maximum loan of up to 15 crores, perfect for high-value property purchases. Since the repayment tenure is longer, the EMIs are budget-friendly and can be repaid over a longer period of time. Another perk of RBL Bank's 55 Lakh Home Loan is that the applicant can avail of up to 3.5 lakhs tax benefits. Keep reading further about the 55 lakh RBL Bank home loan.

55 Lakh Home Loan RBL Bank – Highlights

The table below highlights the main features of an RBL Bank 55 lakh home loan:

55 Lakh Home Loan EMI For 5 Years RBL Bank

The EMI for a 55 lakh RBL Bank home loan over a 5-year tenure is as follows:

• Loan Amount: ₹55 Lakhs
• Interest Rate: 8.90% p.a.
• Loan Tenure: 5 years
• EMI Amount: ₹1,13,904
• Total Interest Payable: ₹13,34,252
• Total Amount Payable: ₹68,34,252

55 Lakh Home Loan EMI For 10 Years RBL Bank

The EMI for RBL Bank’s 55 lakh home loan over a 10-year tenure is as follows:

• Loan Amount: ₹55 Lakhs
• Interest Rate: 8.90% p.a.
• Loan Tenure: 10 years
• EMI Amount: ₹69,374
• Total Interest Payable: ₹28,24,924
• Total Amount Payable: ₹83,24,924

55 Lakh Home Loan EMI For 15 Years RBL Bank

The EMI for a 55 lakh RBL Bank home loan over a 15-year tenure is as follows:

• Loan Amount: ₹55 Lakhs
• Interest Rate: 8.90% p.a.
• Loan Tenure: 15 years
• EMI Amount: ₹55,458
• Total Interest Payable: ₹44,82,432
• Total Amount Payable: ₹99,82,432

55 Lakh Home Loan EMI For 20 Years RBL Bank

The EMI details for a 55 lakh home loan from RBL Bank over a 20-year tenure are:

• Loan Amount: ₹55 Lakhs
• Interest Rate: 8.90% p.a.
• Loan Tenure: 20 years
• EMI Amount:₹49,132
• Total Interest Payable: ₹62,91,622
• Total Amount Payable: ₹1,17,91,622

55 Lakh Home Loan EMI For 25 Years RBL Bank

The EMI for a 55 lakh home loan from RBL Bank over a 25-year tenure:

• Loan Amount: ₹55 Lakhs
• Interest Rate: 8.90% p.a.
• Loan Tenure: 20 years
• EMI Amount: ₹45,780
• Total Interest Payable: ₹82,33,926
• Total Amount Payable: ₹1,37,33,926

55 Lakh RBL Bank Home Loan – Fees & Charges

The applicable fees and charges of a 55 Lakh home loan at RBL Bank are given below:

55 Lakh RBL Bank Home Loan – Documents Required

A PAN Card is required for Individuals, Partnership Firms, and Companies. Acceptable identity proofs include Voter ID, Driving License, or Passport. Address proof can be a Voter ID, Driving License, Passport, Telephone Bill, Electricity Bill, Registered Lease Deed, Sale Agreement, or Bank Statement. Business continuity requires a five-year-old document like a Bank Statement, Sales Tax Challans, IT Returns, Shops & Establishment Certificate, Certificate of Incorporation, or Partnership Deed. Passport-size photographs and any valid photo ID issued by the Central or State Government are also needed.

Financial Documents

• Salaried Individuals: Last 2 years of Income Tax Returns, latest 3-month salary slip, or latest Form 16.
• Self-Employed Individuals and Professionals: Latest audited ITR and financials for the last 2 years, 6 months of main account bank statements, 3 months of other account statements, plus professional qualification and degree certificates for professionals.

55 Lakh RBL Bank Home Loan – Eligibility Criteria

The eligibility criteria before applying for a 55 lakh RBL Bank home loan are as follows: