RBL Bank Home Loan in Chennai

About RBL Bank Home Loan Chennai

Chennai is a beautiful place to live in and if this city has won your heart as well, it’s time for you to buy a home for yourself. However, if your savings are not sufficient enough to make the full payment, apply now for a home loan at RBL Bank at your nearest Chennai branch. Home loans are a long-time commitment and hence the low EMI payment facility at RBL due to flexible tenure option, make this housing loan one of its kind. So. check the documentation needed to apply for a home loan and apply now for it.

RBL Bank Home Loan in Chennai at a Glance

ParticularsDetails
Interest Rate10.30% - 11.65%
Loan amount₹10 Crores
TenureUp to 25 years
Processing Fee0 to upto ₹25 lac - ₹5000/- ₹25 - upto ₹75 Lac - ₹10000/- ₹75 Lac and above - ₹15000/- (fixed amount) In all cases given above, Non-refundable fee of ₹5000/- Upfront. Rest at the time of disbursal

Eligibility Criteria

The eligibility criteria to apply for a home loan or housing loan at RBL Bank in Chennai is as follows:

  • Minimum net income of ₹ 1,20,000 per annum (₹1,50,000 for self-employed)
  • Minimum age at loan sanction – 24 years. Maximum age at loan maturity – 60 years or superannuation whichever is early (65 for self-employed).
  • 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.

Documents Checklist

The list of documents that an applicant must have at the time of applying for a home loan at RBL Bank is as follows:

  • PAN Card – For Individual / Partnership Firm/Company
  • Identity Proof – (Voter ID / Driving License/Passport)
  • Address Proof – (Voter ID/Driving License/Passport/Telephone Bill/Electricity Bill/Registered Lease Deed or Sale Agreement/Bank Statement)
  • Business Continuity Proof – Any 5 documents (Bank Statement/Sales Tax Challans / IT Returns / Shops & Est. Certificate / COI / Partnership Deed)
  • Passport Size Photographs
  • Any other valid Photo ID card issued by central or state government
  • Income Proof
  • Bank statements

For more information, read Home Loan Chennai

Address of RBL Bank Branches in Chennai

Branch NameComplete AddressIFSCMICRContact Number
T Nagar ChennaiThe Ratnakar Bank Ltd, Dfl Infrastructure Finance Limited, 14 Ramakrishna Street, T.Nagar, Chennai - 600017RATN00001136001760029900576962
NungambakkamThe Ratnakar Bank Ltd 1st Floor Rashmi Tower No 1 Valluvarkottam High Road Chennai 600034RATN0000180NON-MICR43020600
AdyarThe Ratnakar Bank Ltd Ground Floor Nibhav Building No11 Lb Road Adyar Chennai 600020RATN000018560017600440288161
Parrys CornerThe Ratnakar Bank Ltd First Floor Dass India Tower Door No 3 Second Line Bach Chennai 600 001RATN000018660017600540288161
Anna NagarThe Ratnakar Bank Ltd First Floor Old No Ab 134 And Ab 106 And 108 4Th Avenue Shanti Colony Anna Nagar Chennai 600 040RATN000018760017600640288161

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