Ratnakar Bank Home Loan Interest Rates
Ratnakar Bank home loan – Quotes on EMI, Interest Rates, MCLR Rates, Eligibility, Documents, processing Fees & Charges at emicalculator-india.com. Borrowers can use this tool for free. Home Loan from Ratnakar Bank. Apply for Housing/Home Loans Online & avail Nil Prepayment Charges, Low Interest, Quick Processing & Flexible Repayment.
RBL Bank Limited is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra. Founded in August 1943, RBL is one of the oldest private sector banks in India.
Ratnakar Bank offers home loans in floating & fixed type of interest rates. easy Home Loan Scheme available through Ratnakar Bank. Interest Rates for Home loan starts at 10.45%.
Minimum 1.2 lakh of annual income & 3 years of total experience with 1 year in current job/company required to get home loans from Ratnakar bank.
Quick Apply For Ratnakar Bank Home Loan
| Interest Rates | 10.35% |
| Processing Fee | Rs.5000/ to Rs.15000/- |
| Pre Payment Charges | Nil |
| Repayment | 25 Years |
| Guarantor | Mortgage of House / Flat |
| Age | 24 – 55 |
| Loan Amount | Upto 10 Crore |
| Margin | 20% |
| Bank | Ratnakar Bank |
| Toll Free Number | 1800 123 8040 |
Salaried Individuals
Minimum net income of Rs. 120,000 per annum.
Minimum age at loan sanction – 24 years. Maximum age at loan maturity – 60 years or super-annuation whichever is early.
Work Experience of minimum 1 year at current job and 2 years of total experience. If current job is less than 1 year, then 3 years of total experience required.
Self-Employed Individuals and Professionals
Minimum net annual income as per latest year ITR / Financials of Rs. 150,000.
Minimum age at loan sanction – 24 years. Maximum age at loan sanction – 65 years.
Business continuity of last three years in the same field.
Example – Below the Home loan emi at 10.35% for Rs. 10 lakh.
| Loan Amount | Tenure In Years | Monthly EMI | Total Amount | Total Interest |
| 1000000 | 5 | ₹21,419.67 | ₹12,85,180.10 | ₹2,85,180.10 |
| 1000000 | 10 | ₹13,409.65 | ₹16,09,157.69 | ₹6,09,157.69 |
| 1000000 | 15 | ₹10,961.18 | ₹19,73,012.26 | ₹9,73,012.26 |
| 1000000 | 20 | ₹9,883.24 | ₹23,71,978.41 | ₹13,71,978.41 |
| 1000000 | 25 | ₹9,334.89 | ₹28,00,466.79 | ₹18,00,466.79 |
| 1000000 | 30 | ₹9,035.44 | ₹32,52,757.46 | ₹22,52,757.46 |