Repco Home Finance

Home Loan

Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

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    About Repco Home Finance

    So you have decided on the kind of home you want to buy for yourself and your family. Great! Now you have entered a decisive stage of further streamlining your options, given your priorities and budget. Repco Home Finance Ltd. helps you in achieving your vision of owning a house by offering you home loans suited as per your individual needs in a transparent and ethical way. The company offers you the most cutting-edge home loan products such as purchasing/construction/improvements/extension. Home loans are available upto Rs. 30 lakhs & above for a maximum period of 20 years.

    Repco Home Finance Interest Rates

    Salaried and Self-employed professionals are allowed to avail Repco Home Finance depending on their personal eligibility criteria evaluated by Repco Home Finance Ltd.

    ParticularsDescription
    Interest RatesStarting from 9.62% p.a.
    Tenure Max. 20 years
    Age criteria> 21 years and < 65 years at loan maturity
    Processing Fees0.50%-1.00% of the applicable loan amount
    Pre-payment or ForeclosureNil
    Loan to ValueUp to 85% for Construction of residential house/flat
    80% for purchase of residential house/flat

    Repco Bank Home Loan Documents Required

    The documentation required to apply for home loans at Repco Home Finance are as follows:

    Salaried EmployeesSelf-Employed Professionals
    Application Form
    KYC Documents
    Photo ID Proof- PAN Card/Voter ID/Passport/Driving License
    Residence Address Proof- Electricity Bill/Telephone Bill/Voter ID/Aadhaar Card/Passport
    Signature proof- PAN Card/Aadhaar Card/Bank Passbook or Any Other Documents Supporting Proof of Signature
    Date of Birth/Age proof- PAN Card/Aadhaar Card//Passport/Voter ID/School or College Leaving Certificates
    Updated Bank Statement for last 6 months
    Existing Loan details along with documents like Sanction Letter and State of Account(SOA)
    Salary Slip or Salary Certificate for 3 monthsProfessional Qualification Certificate(if any)
     Form 16 (last two years)Office address proof
    Qualification ProofLast 2-year Income Tax Returns along with Computation of Income, Profit & Loss A/c and Balance Sheet Statement

    Repco Home Finance Branches

    Contact your nearest customer care representative of Repco Home Finance Limited branches for any queries relating to the processing of your home loan, unavailability to produce any document for evidence or any other issues or grievances.You can also call at 1800-425-6070(Toll-free number) or drop an email at the email address mentioned on the website.

    BranchAddress
    ChennaiRepco Home Finance Ltd., Alexander Square Third Floor Old No : 34/35, New No : 2 Sardar Patel Road, Guindy,  Chennai - 600032.
    Maharashtra Branches :
    AhmednagarRepco Home Finance Ltd., Office no 219, Sai Midas Touch Plot No101/86, Savedi Nagar, Manmad Road, Ahmednagar – 414001.
    Aurangabad Repco Home Finance Ltd., Motiwala Trade Centre, Shop No. B-3, Ground Floor, New Samartha Nagar, Nirala Bazar, Aurangabad – 431001.
    NagpurRepco Home Finance Ltd., Khullar Chambers, 1st floor, Office No.101, Munje Chowk, Sitabuldi, Nagpur - 440012.
    PuneRepco Home Finance Ltd., Office No. 203, Satyabhama Sankul, Second Floor, Near Modi Ganpati, 529 Narayan Peth, Pune - 411030.
    Andhra Pradesh Branches :
    Vishakapatnam Repco Home Finance Ltd., D.no-48-14-44,Anand Towers, Asilmetta , Rama Talkies Road, Vishakapatnam - 530016.
    Tirupathi Repco Home Finance Ltd., No.25, G. Car Street, Tirupathi - 517501.

    Repco Home Finance EMI Calculator

    Repco Home Finance EMI Calculator helps you to calculate your EMI for a particular loan at lower interest rates. Now conversion of loan amount into simple EMI becomes easy and hassle free. You need to enter details such as loan amount, the number of months and interest rate applicable on your loan. The final value derived from the calculator will be your actual EMI payable after a specified period of time.

    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 AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 15,00,00010.50%1₹ 1,32,223₹ 86,675₹ 15,86,675
    ₹ 15,00,00010.50%2₹ 69,564₹ 1,69,537₹ 16,69,537
    ₹ 15,00,00010.50%3₹ 48,754₹ 2,55,132₹ 17,55,132
    ₹ 15,00,00010.50%4₹ 38,405₹ 3,43,443₹ 18,43,443
    ₹ 15,00,00010.50%5₹ 32,241₹ 4,34,451₹ 19,34,451
    ₹ 15,00,00010.50%6₹ 28,168₹ 5,28,129₹ 20,28,129
    ₹ 15,00,00010.50%7₹ 25,291₹ 6,24,445₹ 21,24,445
    ₹ 15,00,00010.50%8₹ 23,160₹ 7,23,362₹ 22,23,362
    ₹ 15,00,00010.50%9₹ 21,526₹ 8,24,840₹ 23,24,840
    ₹ 15,00,00010.50%10₹ 20,240₹ 9,28,830₹ 24,28,830
    ₹ 15,00,00010.50%11₹ 19,207₹ 10,35,283₹ 25,35,283
    ₹ 15,00,00010.50%12₹ 18,362₹ 11,44,144₹ 26,44,144
    ₹ 15,00,00010.50%13₹ 17,663₹ 12,55,355₹ 27,55,355
    ₹ 15,00,00010.50%14₹ 17,077₹ 13,68,854₹ 28,68,854
    ₹ 15,00,00010.50%15₹ 16,581₹ 14,84,577₹ 29,84,577

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

    YearPrincipalInterestBalance Amount
    1₹ 43,526₹ 1,55,445₹ 14,56,472
    2₹ 48,323₹ 1,50,648₹ 14,08,149
    3₹ 53,649₹ 1,45,323₹ 13,54,499
    4₹ 59,561₹ 1,39,410₹ 12,94,938
    5₹ 66,125₹ 1,32,846₹ 12,28,812
    6₹ 73,412₹ 1,25,559₹ 11,55,399
    7₹ 81,503₹ 1,17,469₹ 10,73,896
    8₹ 90,485₹ 1,08,487₹ 9,83,411
    9₹ 1,00,456₹ 98,515₹ 8,82,954
    10₹ 1,11,527₹ 87,444₹ 7,71,427
    11₹ 1,23,818₹ 75,154₹ 6,47,609
    12₹ 1,37,463₹ 61,508₹ 5,10,145
    13₹ 1,52,612₹ 46,359₹ 3,57,533
    14₹ 1,69,430₹ 29,541₹ 1,88,102
    15₹ 1,88,246₹ 10,869₹ 0

    Home Loan Eligibility Calculator

    Now let us understand the loan amount eligibility with the help of an example below. Suppose you are an IT professional earning Rs. 50,000 p.m. You have saved Rs. 20,000 for repaying it towards your EMI. Normally, EMIs fall in the range of 50%-60% of your net salary for disbursing higher loan amounts. In general, the calculation of income-savings pattern is done by Repco Home Finance Eligibility calculator, by taking into consideration per lac EMI. The expected loan amount calculated is based on the formula stated below:

    Amount- Rs. 100,000

    Rate of Interest-9.62% p.a.

    Loan Tenure-20 Years

    Per Lac EMI-Rs. 940

    Loan Amount Eligibility- Rs. 1,00,000 x savings/per lac EMI

    – Rs. 100,000 x 20,000/940= Rs. 21.30 lacs(approx.)

    So, the expected home loan amount from Repco Home Finance amounts to Rs.19.70 lacs-Rs. 20.04 lacs(approx.)

    Features and Benefits of Repco Home Finance

    • Affordable rates of interest
    • Clear and understandable terms
    • Hassle-free norms
    • Quick sanctions & disbursements
    • Better customer service
    • Door-step services

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    EMI Calculator