RBL Bank Home Loan in Mumbai

Last Updated : April 15, 2017, 4:20 p.m.

About RBL Bank Home Loan Mumbai

If you are planning to buy a home in Mumbai but the cost of the house is out of your budget, get a home loan from RBL Bank. This loan is available at one of the lowest interest rates and hence at low EMI facility. To apply for a home loan at RBL Bank, you can check eligibility now and documentation needed to apply for this loan. It is time for you to shift to your own house so apply now at your nearest bank branch. Have a look at the loan details, eligibility criteria and documents checklist and other important details.

RBL Bank Home Loan in Mumbai at a Glance

Eligibility Criteria

The eligibility criteria to apply for a home loan or housing loan at RBL Bank in Mumbai 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 documentation required by 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 Mumbai

Address of RBL Bank Branches in Mumbai