Religare Home Loan – EMI Calculator & Interest Rate

Home Loan

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    About Religare Home Loan

    Home loans are applied by the customers before or after selection of the property. The loan amounts are sanctioned on the basis of the principal amount in order to make the buyers informed what amounts they can avail of. This helps them decide their budgets and purchasing power. When it comes to low-income groups, people consider availing home loans on the basis of ‘trust’ and ‘convenience’ provided by the housing finance company. Keeping this in view, Religare Housing Development Finance Corporation Limited comes up in existence for disbursing home loans to low-income segments, primarily people engaged in the informal sector, across urban and semi-urban India.

    Documentation for Religare Home Loan

    The list of documents required to get approval for the loan and to apply for it are mentioned here:

    • Application Form
    • KYC Documents
    • Photo ID Proof
    • Residence Address Proof
    • Signature proof
    • Date of Birth/Age proof
    • Updated Bank Statement for last 6 months
    • Existing Loan details along with documentslike Sanction Letter and State of Account(SOA)


    • Salary Slip or Salary Certificate for 3 months
    •  Form 16 (last two years)
    • Qualification Proof


    • Professional Qualification Certificate(if any)
    • Office address proof
    • Last two years Income Tax Returns along with Computation of Income, Profit & Loss A/c and Balance Sheet Statement

    Religare Home Loan Application Form

    The best way to apply for a home loan at Religare is to visit the website and access the application form from there. What you need to do now is to take a print out of the form and mention the details correctly before submitting it. Also make sure you submit the relevant documents along with the form to the branch official. If you are not comfortable downloading the form online, you can straight away go to the branch and ask for the application form.

    Religare  Home Loan EMI Calculator

    Use Religare Home Loan EMI Calculator to find out how much EMI you will have to pay on your loans. You need to just enter the details such as loan amount, loan tenure, and interest rate. Subsequently, EMI amount will get displayed in front of you.

    Suppose if you are interested in availing a loan of Rs 25 lakhs payable after 20 years at an interest rate 13.2% per annum. The following table gives you details on your calculated EMI along with interest and the total amount that costs you against your sanctioned home loan.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    Year Principal Interest Balance Amount

    Religare Home Loan Eligibility Criteria

    Home loans are offered especially to salaried employees and self-employed professionals.

    Interest Rates13.2% p.a.
    Loan AmountFrom Rs. 2 lakhs to Rs. 50 lakhs
    Tenure Up to 20 years
    Age limitFor Salaried: 25 years of age with minimum 3 years of working experience and having stable source of income
    For Self-Employed : Above 21 years of age
    Processing FeesNil
    Pre-payment or ForeclosureNo prepayment charges from own sources of funds
    2% of principal amount outstanding(other than own funds)
    Loan to Value80% of the total documented cost of the property.

    Religare Housing Loan Eligibility Calculator

    You are just a step away from availing your Religare Home Loan. The company offers higher loan amount on your income. You can enhance your home loan eligibility by including income of the co-applicant(s) of your Home Loan.

    Religare Home Loan eligibility is calculated after taking into account various factors such as monthly income, fixed monthly obligation, current age, retirement age etc. Your home loan eligibility shows your affordability towards availing Religare Home Loan.

    Suppose you are working in a renowned company and earning a monthly salary of Rs. 90,000. Out of which, you prefer to save Rs. 20,000 to be used as repayment for your EMI. Normally, EMIs fall in the range of 50%-60% of your monthly intake salary for a higher loan disbursal.

    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 for repaying it against your loan amount that you are eligible for.

    Amount- Rs. 100,000

    Rate of Interest-13.2% p.a.

    Loan Tenure-20 Years

    Per Lac EMI- Rs. 1,186

    Loan Amount Eligibility- Rs. 100,000 x savings/per lac EMI

    – Rs. 100,000 x 20,000/1,186= Rs.16.86 lacs(approx.)

    So, the expected home loan amount from Religare Home Loan amounts to Rs.16.86 lacs(approx.)

    Religare Home Loan Customer Care Contact Number

    If you face any difficulty regarding interest rates, tenures, loan amount or any queries relating to eligibility criteria or processing fees then contact Religare Housing Development Finance customer care representative on 1880-3000-4111 or write an email at the email address given on the website.

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    EMI Calculator