Reliance Finance Home Loan Interest Rates
Reliance Home Finance Home Loan: Calculate EMI & Eligibility details of Reliance Housing Finance at lowest Interest Rates online. Documents List, Process, Procedure, Processing Fees, Loan amount & per month lowest emi options, Status, Application, MCLR Rates, Base Rates at emicalculator-india.com.
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About Reliance Housing Finance
Reliance Home Finance Limited is a part of Reliance Capital Ltd., one of India’s leading and amongst most valuable financial services companies in the private sector. At Reliance Home Finance, we think of ourselves, not as a “loan company”, but as a partner in your quest to fulfill your biggest ambition of stepping into your dream home loan. Reliance Capital has a net worth of Rs. 13,547 crore (US$ 2.2 billion) and total assets of Rs. 47,440 crore (US$ 7.6 billion) as on March 31, 2015.
No Income proof scheme available at reliance housing finance for easy availability of home loans. Quick and transparent processing & Loan sanction possible before selecting the property makes reliance finance a leading housing finance company in market.
Reliance Housing Finance Home Loan Details
| Interest Rates | 9.75% – 11.00% |
| PLR Rate | 18.00% p.a |
| Processing Fees | 1% of the Loan Amount + S.T |
| Maximum Loan Amount | 5 Crore |
| Maximum Repayment Period | 30 Years |
| Minimum Income Per Month | Rs.15000 |
| Maximum Loan Capped | 90% of Property Value |
| Pre Closure Charges | Nil |
| Lowest EMI per 1 Lakh | Rs. 859 onwards |
| Toll Free Number | 1800 200 3838 |
| Bank | Reliance Housing Finance |
| Security / Guarantor | Yes |
| Disbursal Time | 12-16 days |
| Online Apply Facility | Yes |
Reliance Housing Finance offers loan for construction of house/ flat, under construction house/flat from Housing Boards/ Development Authorities/ Co-operative Societies/ Approved Private Builders/ Projects. All Individuals or Joint owners are eligible to borrow loan. Reliance Housing Finance offers home loan as Rural home loan, NRI Home loan, Urban housing fund, affordable housing finance schemes.
Example if you take Rs. 15 lakh of loan amount at 9.75%, then EMI for home loan will be are as follows-
| Loan Amount | Tenure In Years | Monthly EMI | Total Amount | Total Interest |
| 15 lakh | 5 | ₹31,686.37 | ₹19,01,181.93 | ₹4,01,181.93 |
| 15 lakh | 10 | ₹19,615.54 | ₹23,53,864.36 | ₹8,53,864.36 |
| 15 lakh | 15 | ₹15,890.44 | ₹28,60,279.19 | ₹13,60,279.19 |
| 15 lakh | 20 | ₹14,227.75 | ₹34,14,660.66 | ₹19,14,660.66 |
| 15 lakh | 25 | ₹13,367.06 | ₹40,10,118.39 | ₹25,10,118.39 |
| 15 lakh | 30 | ₹12,887.32 | ₹46,39,433.83 | ₹31,39,433.83 |