Reliance Home Finance Home Loan

Last Updated : July 10, 2018, 2:27 p.m.

About Reliance Home Loan

Reliance Home Finance Limited has helped many people buy their dream home. The housing finance company gives loan on the basis of the below-mentioned factors. To know whether you can only get approval for Reliance home loan, read this article.

• Salary package
• Job stability
• Bank statement of past six months
• Salary slip of past six months
• Property owned

Reliance Home Finance Home Loan April 2024

Salaried Employees and Self-Employed/Business Professionals are eligible to apply for Reliance Home Loans.

Documentation for Reliance Home Finance

The list of documents that you must have to get the approval or even apply for the loan. These are dependent for a salaried person and self-employed.

Reliance Home Finance Home Loan EMI Calculator

Check your EMI for the amount of loan you wish to take from Reliance Housing Finance. Enter the details such as loan amount, tenure, interest rate in loan EMI calculator and fetch your EMI value.

Reliance Home Finance Home Loan Eligibility Calculator

You can also check your home loan eligibility before applying. On the basis of your monthly income, tenure, expected interest rate and existing liabilities help you decide for the loan amount to apply.

Suppose you are working in an MNC and earning a monthly salary of INR 50,000. Out of which, you wish to save INR 10,000 for repaying it towards your EMI. Ideally, EMIs fall in the bracket of 50%-60% of your net salary for disbursing the higher amount of loan.

So, now, if you calculate your amount, tenure, and rate of interest, you will get to know your EMIs that you will have to pay every month so as to repay the loan amount that you are eligible for.

Amount – INR 1,00,000

Rate of Interest – 9.55% p.a.

Loan Tenure – 30 Years

Per Lakh EMI – INR 845

Loan Amount Eligibility- INR 100,000 x savings/per lakh EMI

– INR 1,00,000 x 10,000/845= INR 11.83 lakhs (approx.)

So, the expected home loan amount from Reliance Home Loan amounts to INR 11.83 lakhs (approx.)

Features and Benefits of Reliance Home Loan

• Customized Loan Solution
• Higher Loan Eligibility
• Attractive Interest Rates
• Longer tenure and lower EMI
• Availability of Loans under “No Income Proof” scheme
• Balance Transfer at attractive rate of Interest
• Simplified documentation
• Quick and Transparent Processing
• Loan sanction possible before selecting the property
• Doorstep service

Reliance Home Loan Customer Care Contact Number

If you are interested in obtaining a loan from Reliance Home Finance Company, contact an experienced customer care representative of Reliance Home Loan on : 1800 200 3838/1800 210 3030.

Reliance Home Loan Application Status

Wishfin makes sure that you get 100% assistance for your home loan . So, if you want to check your Reliance home loan application status, approval time or anything related, you are free to ask them directly.