RBL Bank Home Loan for Women & Housewife

RBL Bank offers home loans for women at attractive interest rates starting from just 8.90%. With a high loan-to-value ratio of up to 90% of the property valuation, ladies can easily finance their dream home with RBL Bank home loan for women. The bank also provides the option of a balance transfer and flexible tenures of up to 30 years, ensuring that you have enough time to repay the loan at your convenience. Moreover, you won't have to worry about pre-payment charges on floating interest-rate loans. With RBL Bank's home loan for women, you can easily fulfil your dream of owning a home without any financial stress.

RBL Bank Home Loan for Housewife / Women – Highlights 

RBL Bank home loan benefits for ladies 

RBL Bank home loan benefits for ladies make it a great choice for new homebuyers.

• RBL Bank home loan interest rate for women starts just from 8.90%
• Home Loan Balance Transfer 
• High LTV up to 90% of property valuation
• No pre-payment charges on floating interest rate loans
• Flexible tenure up to 30 years.

RBL Bank Home Loan for Housewife / Women – Fees and Charges 

Here are the fees and charges associated with the RBL Bank home loan for women.

• Application- Rs. 3,000 (plus taxes)
• Document Costs- (1-1.50% + taxes (up to Rs. 10-15,000 whichever is more)
• Prepayment- Zero for floating-rate home loans and 2% on principal outstanding amount for fixed-rate home loans 
• Penal Costs/Late Payment- 2% plus taxes each month on the amount which is overdue
• Swapping repayment mode- Rs. 500 plus taxes for each instance 
• Other costs for services may be Rs. 100-500 plus taxes for every instance, depending on the service request
• Switching interest rates- 0.5% on principal outstanding amount or a sum of Rs. 50,000 plus taxes (whichever is less)
• Charges for conversion- A maximum of Rs. 10,000 plus taxes 

RBL  Bank  Home Loan for Housewife / Women – Documents Required 

What are the documents that are required? Here is a list that you can check out. 

• PAN, ID and Address pRoof are compulsory 
• Self-employed have to furnish proof of business continuity 
• Financial documents include last two years’ ITR returns, last three months’ salary slips, and Latest Form 16 for salaried women. Self-employed women have to offer latest ITR which is audited and last two years’ income computation, profit and loss account, last two years’ balance sheet, bank statements, and professional qualification/degree certificate, if it is needed 

RBL  Bank  Home Loan for Housewife / Women – Eligibility Criteria 

The criteria of RBL Bank home loan for women’s eligibility can be understood below: 

• Salaried/self-employed women are welcome to apply along with NRIs
• The criteria for net income hovers between Rs. 1,50,000-1,80,000 per year (net)
• The age limit is 24 years at loan sanctioning and 65-70 years at maturity
• There should be at least three years in terms of the work experience 
• For those in business, there should be continuity of a minimum of three years

Types of RBL  Bank  Home Loan for Women 

There are two schemes of RBL Bank home loan for women that you can check below. 

• RBL Bank Home Loan- The RBL  Bank  home loan for women scheme will help women buy, build, or renovate/repair their homes. The tenure is up to 30 years with the maximum amount of Rs. 15 crore. There are quicker processing timelines in tandem with doorstep service. Personalized support is also provided by RBL Bank for hassle-free loan experiences. 
• RBL Bank Affordable Home Loan- There are affordable loans provided up to an amount of Rs. 30 lakh. You can use the loan for diverse reasons with flexible durations up to 30 years. There are top-up loans available with tenures up to 15 years too. The rates of interest are attractive, while home loan balance transfers are also available for obtaining lower interest rates.