RBL Bank Home Loan
RBL Bank, established in 1943 and headquartered in Mumbai, offers a home loan with interest rates ranging from 7.4% to 13.5% on both floating and fixed rate bases. The processing fee is 2% with a minimum of ₹15,000, and there is no prepayment penalty (0%). Loan amounts go up to ₹15 crore, with tenure extending up to 360 months (30 years).
Loan-to-value ranges from 90% for loans below ₹30 lakh down to 75% for loans above ₹75 lakh, with an 80% tier in between for loans of ₹30 lakh to ₹75 lakh. Tax benefits of up to ₹3.5 lakh may apply subject to terms and conditions, and income from a spouse or parents can be clubbed for eligibility, up to a maximum of three applicants. Balance transfer, top-up, and a separate Affordable Housing Loan variant (up to ₹50 lakh, tenure up to 30 years, 15 years for top-up) are also available.
No prepayment or foreclosure charges apply on floating-rate loans, though charges apply on fixed-rate loans per the bank's schedule of charges. Documentation includes PAN, identity and address proof, business continuity proof for self-employed applicants, and income documents such as ITRs, salary slips, or audited financials depending on employment type. Maximum processing fee, minimum loan amount, minimum tenure, minimum CIBIL score, age limits, minimum salary, and employment type are not published for this product.
At 7.4%, RBL Bank has one of the lowest starting rates of the 20 lenders we track for home loans.
Eligibility
The upper age limit is set so the loan closes by retirement.
Loan terms
- Housing Loans up to INR 15 Crores
- flexible tenure up to 30 years
- tax benefits up to ₹3.5 lakh (T&C apply)
- LTV 90% for loans <₹30L, 80% for ₹30-75L, 75% for >₹75L
- income clubbing allowed between spouse/parents (max 3 applicants)
Documents
- PAN Card
- Identity Proof (Voter ID/DL/Passport)
- Address Proof
- Business Continuity Proof (self-employed, 5-yr dated document)
- Passport size photographs
- other Photo ID from central/state govt
- Financial docs (salaried) — last 2 years ITR or latest 3-month salary slip or Form 16
- Financial docs (self-employed) — 2-yr audited ITR+financials, 6-month bank statements
- Professional qualification/degree certificate (self-employed professionals)
Fees & charges
Tax: principal up to ₹1.5L under 80C and interest up to ₹2L under 24(b) per year for a self-occupied home (subject to conditions). Confirm with a tax adviser.
FAQ
Most home loans are floating (EBLR/repo-linked). Floating-rate loans to individuals carry no foreclosure charge, so you can prepay freely — usually the better choice unless you specifically need rate certainty.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.