RBL Bank Home Loan in Indore

About RBL Bank Home Loan Indore

Are you planning to buy your dream home in Indore? Check RBL Bank home loan scheme available in your city. The home loan rates are one of the lowest interest rates and hence gives you the option of low EMI payment. You can get instant approval for your home loan at the nearest RBL Bank in Indore if you match the eligibility criteria. So, check eligibility now and the documents needed to apply for a home loan.

RBL Bank Home Loan in Indore 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 Indore 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 Indore

Address of RBL Bank Branches in Indore

Branch NameComplete AddressIFSCMICRContact Number
IndoreThe Ratnakar Bank Ltd, Shop No.3, Ground Floor, The Grace, Plot No. 1& 2, Kibe Compound, Indore-452001RATN0000164 NON-MICR9833666862

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