RBL Bank Home Loan in Chennai

Last Updated : April 14, 2017, 6:39 p.m.

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

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