85 Lakh RBL Bank Home Loan

Owning a home is a major milestone, and RBL Bank understands that. They offer a home loan specifically designed to help salaried professionals and self-employed individuals finance their dream property, up to a value of ₹3 crore. This flexible loan makes homeownership a more attainable goal, providing a solid foundation for your future.

3 Crore Home Loan From RBL – Highlights 

Highlights of a 3 crore home loan from RBL Bank:

RBL 3 Crore Home Loan EMI for 5 Years 

The table below depicts the EMI breakup of INR 3 crore home loan. The interest rate assumed is 8.90% for a tenure of 5 years.

RBL 3 Crore Home Loan EMI for 10 years 

Here, the EMI for INR 3 crore for a repayment duration of 10 years is as showcased below:

RBL 3 Crore Home Loan EMI for 15 years 

Below are the highlights of an INR 3 crore home loan EMI for a period of 15 years with interest rate taken as 8.90%. 

RBL 3 Crore Home Loan EMI for 20 Years

For a period of 20 years, the EMI for INR 3 crore home loan with interest rate taken as 8.90% is as shown below:

RBL 3 Crore Home Loan EMI for 25 Years 

Given below is the highlights of RBL home loan EMI for an amount worth 3 Cr with interest rate assumed as 8.90% for a tenure of 25 years.

3 Crore RBL Home Loan – Fees and Charges 

Obtaining a 3 crore home loan from RBL Bank involves some upfront costs. There’s a non-refundable application fee of ₹5,000 (plus applicable taxes). Additionally, a processing fee applies, which is either 1% of the loan amount or ₹15,000 (plus taxes), whichever is higher. It’s important to be aware of potential late payment charges as well. These amount to 2% of your monthly EMI (plus taxes). Fortunately, there are no prepayment charges for loans with floating interest rates.

3 Crore RBL Home Loan – Documents Required 

To ensure a smooth application process for your ₹3 crore home loan at RBL Bank, be sure to gather the following documents:

• Proof of Identity: Present a copy of your PAN Card, Voter ID, Passport, or Driving License.
• Proof of Residence: This could be a recent utility bill, a copy of your lease or sale agreement, or a bank statement showing your current address.
• Income Proof (Salaried): Provide your most recent salary slips along with Form 16 and Income Tax Returns (ITR) for the past two years.
• Income Proof (Self-Employed): If you’re self-employed, you’ll need to submit your ITRs, Profit and Loss (P&L) statements, and documents demonstrating your business continuity for the past few years.

3 Crore RBL Home Loan – Eligibility Criteria 

RBL Bank offers home loans of up to ₹3 crore. To apply, you’ll need to be a salaried individual, self-employed, or a professional who meets their minimum age requirement. You’ll also need to demonstrate financial stability with a minimum income and a strong credit history.