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Why Should You Opt For an RBL Bank Home Loan Interest Rate?

Various banks and financial institutions provide the home loan facility to customers. And if you were a customer looking for a home loan, you would surely be looking for a loan at the cheapest interest rate possible. RBL Bank is one of the fastest-growing public sector banks in India that also provide various banking facilities. RBL bank home loan interest rate is one of the competitive ones in the current financial market.

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Why Should You Opt For an RBL Bank Home Loan Interest Rate?

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  1. Why Should You Opt For an RBL Bank Home Loan Interest Rate?

  2. Various banks and financial institutions provide the home loan facility to customers. And if you were a customer looking for a home loan, you would surely be looking for a loan at the cheapest interest rate possible. RBL Bank is one of the fastest-growing public sector banks in India that also provide various banking facilities. RBL bank home loan interest rate is one of the competitive ones in the current financial market. You don’t realize it but a cheaper rate of interest can save you a large portion of your income as your monthly repayment is dependent on the rate offering by the bank. So, it’s important to choose the home loan facility with an affordable rate of interest. This article will tell you about all the things related to an RBL bank home loan whether its the features of it, eligibility criteria,

  3. Highlights of an RBL Bank Home Loan: ● An RBL Bank home loan can be availed by both salaried and self-employed individuals. RBL Bank offers a home loan amount upto a maximum amount of ₹10 crores. The maximum tenure period can be upto 25 years for a home loan. RBL Bank home loan interest rate ranges from 10.30% to 11.65% per annum. It varies according to the loan amount. The documentation process is smooth and minimal which helps customers in availing of the approval in a short time. With the easy home loan facility by RBL Bank, you can save interest by maintaining a balance in the linked account. ● ● ● ● ●

  4. How can I apply for an RBL Bank Home Loan? You can apply for a home loan from the RBL bank by filling the application form available on the official website of the RBL Bank. The steps that you have to follow are mentioned below. ● ● Enter your full name. Choose the product as Home Loan Since you’re filling this application for the same. Choose the residing city. Enter your mobile number and email id, and then submit the form. ● ● After submitting this application form, representatives from the bank will contact you soon and inform you about the best home loan offer.

  5. Am I eligible for getting an RBL Bank Home Loan? The answer to the above question can be found by checking the points mentioned below. ● An applicant must be a resident of India. It can be both salaried and self-employed individuals. For salaried individuals: ● ● ● The minimum annual income must be ₹1,20,000. The age must be between 24 to 60 years at the time of loan maturity. The applicant must have a minimum of 2 years total job experience.

  6. For self-employed individuals: ● The minimum net annual income must be ₹1,50,000. ● The age must lie between 24 years and 65 years at the time of loan maturity. ● Must have three years of business continuity.

  7. Documents that I will need to get an RBL Bank Home Loan: ● PAN Card ● Identity Proof (Driving Licence/ Passport/ Aadhar Card) ● Address Proof (Telephone Bill/ Electricity Bill/ Passport) ● Bank statement of the last 5 years ● Passport-sized photographs ● Latest 3 months salary slip

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