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Disclaimer: Religare Housing Finance is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Religare Housing Finance for home loans. No offers/services from Religare Housing Finance are being provided by Paisabazaar for home loans. For further information about Religare Housing Finance for home loans, users are required to reach out directly to Religare Housing Finance.
| Religare Housing Finance Highlights | |
| Interest Rate | As per the applicant’s credit profile |
| Loan Amount | Rs 2 lakh to Rs 75 lakhs |
| Loan Tenure | Up to 20 years |
| Processing Fees | Up to 3.5% of the loan amount |
Updated on 14 October 2024
Table of Contents
Religare Home Loan Interest Rates
Religare Housing Finance has not explicitly specified the interest rates for home loan. However, the housing finance company has specified the Prime Lending Rate @ 20% p.a. as a benchmark for setting floating interest rates. RHDFCL may consider the credit score, employment profile, loan amount, employer’s profile, monthly income, etc. of its applicants while setting their home loan interest rates, just like many lenders do. The home loan interest rates offered by the housing finance company are floating and fixed in nature.
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Compare Home Loan Interest Rates with Other Lenders
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Apply Now |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.50% - 10.35% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Compare Home Loan Schemes Offered by Top Lenders Compare Now
Religare Home Loan Fees and Charges
Part-Prepayment/Foreclosure Charges
| Particulars | Charges |
| Fixed Rate Loans |
|
| Floating Rate Loans |
|
Processing Fees & Other Charges
| Particulars | Charges |
| Processing Fees | Up to 3.5% of the sanctioned loan amount |
| Property Swap Charges | 2% of outstanding principal amount |
| CERSAI Fees | Rs 50 (for loans up to Rs 5 lakhs) |
| Rs 100 (for loans above Rs 5 lakhs) | |
| Swap Charges/EMI Cycle change | Rs 1,000 |
| Document Retrieval | Rs 1,000 |
| Loan Cancellation Charges | Rs 5,000 + interest from the date of loan disbursement till the date of request for loan cancellation |
| Change in loan tenor, EMI, addition or deletion of co borrower(s) post loan disbursement | Rs 10,000 |
| Post closure documents handling charges | Rs. 500/day beyond 30 days from the date of loan closure |
| Penal Charges for delayed EMI or PEMII | 2.5% per month (30% p.a.) on the EMI/PEMII |
| Refund of Processing Fees | Rs 5,000 |
Check Religare Housing Loan Eligibility with Top Lenders Click Here
Types of Religare Housing Loan
Religare Home Purchase Loans
Purpose: Prospective borrowers can avail home loan for the acquisition of ready-to-move in residential units.
Tenure: Up to 25 years. The tenure will not extend beyond 65 years of age.
Loan Amount: Rs 2 lakh to Rs 75 lakhs
LTV Ratio: Up to 75%
Religare Home Improvement Loans
Purpose: Religare Housing Finance offers Home Improvement Loans for repainting, renovation, repair and purchase of furniture, fixtures and furnishings, etc. The loan is offered to both existing and new applicants.
Tenure: Up to 25 years. The tenure will not extend beyond 65 years of age.
Loan Amount: Rs 2 lakh to Rs 75 lakhs
LTV Ratio: Up to 75%
Religare Home Extension Loans
Purpose: Home loan applicants planning to extend their existing residential property by adding a bedroom, building an extra room on terrace or additional floor, etc. can avail Home Extension Loans from RHDFCL.
Tenure: Up to 25 years. The tenure will not extend beyond 65 years of age.
Loan Amount: Rs 2 lakh to Rs 75 lakhs
LTV Ratio: Up to 75%
Religare Home Construction Loans
Purpose: RHDFC offers Home Construction Loans for the construction of house on self-owned plot of land situated within Local Development Authority or Municipal limits. The loan is offered to both salaried and self-employed applicants.
Tenure: Up to 25 years. The tenure will not extend beyond 65 years of age.
Loan Amount: Rs 2 lakh to Rs 75 lakhs
LTV Ratio: Up to 75%
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Eligibility Criteria for Availing Religare Home Loan
Stated below are the eligibility criteria for availing home loans from Religare Housing Finance:
- Minimum age: 21 years (25 years in case of NRI applicants)
- Maximum age: 65 years at the end of loan tenure
- Work experience: Minimum 2 years in case of documented profile and 3 years in case of semi-documented profile
The housing finance company can also consider the credit score, nature of business (self-employed applicants), job profile (salaried applicants), monthly income, etc. of its applicants while evaluating their home loan eligibility, just like many lenders do.
Religare Home Loan Documents Requirements
Stated below are the documents required for availing home loan from Religare Housing Finance:
- Application Form, duly signed by all guarantors, applicants and co-applicants
- Coloured Photograph of each applicant
- Age Proof – Passport/PAN Card/Voters-ID Card/Driving License/Birth Certificate/High School Marksheet
- Signature Verification – Passport/PAN card/Driving License/Banker’s signature verification
- Identity Proof For Individuals (any one)
- Passport
- Pan Card
- Voters ID Card
- Aadhaar Card
- Driving License
- Letter from a recognized public government gazetted
- Bank pass book with photo/Letter from existing Banker certifying address & photograph
- Ration Card with Photograph
- Identity card issued by a government undertaking organization
- Identity proof in case firm is a proprietorship firm, with applicant being the sole proprietor (any one)
- Shop & establishment registration copy
- Sales tax / VAT registration certificate copy
- VAT assessment order copy
- Signature verification from bankers with applicant signing as proprietor for the firm
- Identity Proof For Non Individuals (any one)
- Shops & Establishment certificate
- Trade license certificate
- SSI registration certificate
- Factory registration certificate
- Sales Tax/ VAT Registration certificate
- Certificate of Registration issued by Ministry of Corporate Affairs
- Partnership Deed (for firms)/ Memorandum of Association (for companies)
- Export-Import Code Certificate
- Professional qualification certificate and Degree/ Certificate for Professionals
- PAN Card
- Limited Liability Partnership (LLP) – Registration Certificate issued by MCA
- Address Proof for Individuals (any one)
- Passport
- Voters ID card
- Driving license
- Ration Card
- Utility/Telephone bill – Electricity/Water bill or Landline/WLL) of Public and approved Private operators (Not older than 2 months at the time of approval)
- Latest Rent agreement / Leave & License agreement
- Sale deed of the property, if owned
- Property tax receipt (Not older than 3 months at the time of approval)
- Bank Statement (Not older than 2 months at the time of approval)
- Letter from a recognized government gazetted officer verifying the Address of the applicant
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- Address Proof for Non Individuals (any one)
- Last 2 months Bank Statement at the time of approval
- Shop & establishment Certificate, Sales Tax Certificate
- Latest Rent agreement / Leave & License agreement
- Sale deed of property
- Title document of shop/business premises
- Certificate of Incorporation issued by MCA
- Shell Companies- Registration Certificate from the MCA site with address which is same as mentioned by the applicant in our application form
- Telephone Bill/Utility Bill (Not older than 2 months at the time of approval)
- Ownership proof – any one
- Sale Deed of the property
- Utility Bills (Water and Electricity bill not older than 2 months at the time of loan approval)
- Property Tax receipt latest with copy of the title deed