Overview
Walk into the warmth of your own home with the help of our easy home loans. At RCF, we offer housing finance to fulfill your myriad requirements. This is why; our home loans have been customized to meet your individual needs and desires.

Attractive interest rates with best-in-class features and benefits make the experience even more pleasant. The simple EMIs as per the tenor you choose, makes paying back your loan an absolute breeze.

Whether you are a salaried professional, self-employed professional or a self-employed non-professional, our housing loans are designed to meet your unique requirements.

Reliance Consumer Finance appreciates the value of your time, which is why we have made it possible to apply online for our home loans and we can provide doorstep services. We have also introduced Surrogate Income Program to meet all your needs.

Reliance Consumer Finance ensures quick approvals, simple documentation and service of the highest quality to make sure that taking a home purchasing loan is as pleasant as moving into your new home.

Features & Benefits

1. Get Maximum loan amount for purchase of your dream home
2. Higher loan eligibility
3. We cater to all your needs whether you are salaried or Self Employed
4. Enjoy the flexibility of choosing your loan tenor
5. Easy repayment option by way of simple EMIs
6. Special 'No income document' program

Balance Transfer

Our balance transfer advantage helps you to easily transfer an existing loan from another financial institution or bank to us at attractive rates. What's more? We even top it up you by providing a higher loan amount over and above your existing loan.

Eligibility :

1. Get Maximum loan amount for purchase of your dream home
2. Higher loan eligibility
3. We cater to all your needs whether you are salaried or Self Employed
4. Enjoy the flexibility of choosing your loan tenor
5. Easy repayment option by way of simple EMIs
6. Special 'No income document' program

All loans will be at the sole discretion of Reliance Capital Limited.

Documentation :

1. Individual
2. Application form
3. Passport copy / PAN Card / Ration card
4. Passport sized photographs of all applicants / co-applicants
5. Latest Form 16 and 3 months salary statement
6. Latest 6 month bank statement
7. Repayment track record, if any

Sole Proprietor/Partnership/Pvt. Ltd. Company

1. Application form
2. Passport copy / PAN Card / Ration card
3. Passport sized photographs of all applicants / co-applicants
4. Certified copies of MOA / AOA /Partnership deed
5. Repayment track record
6. 2 years audited financials
7. 2 yrs ITR of directors/partners
8. 6 months bank statement of main operating account
9. Professional qualification certificate in case of Doctors / CA / Lawyers / Architects

Fees and Charges :

Loan Processing Charges : 0.75% of loan amount + Service Tax
Non Refundable processing fees (included in processing fees) :
Loan Amount -- Charges
Upto Rs. 25 lacs -- Rs.3000+S.T.
Rs. 25 lacs -- Rs.6500+S.T.

Cheque Bounce charges : Rs. 450
Late Payment charges : 3% pm on unpaid amount
Cheque Swapping charges : Rs. 500 per swap
Prepayment charges : Prepayment is allowed after 6 months of loan being fully disbursed 5%+S.T. within 6-12 months from the date of final disbursement.

3%+S.T. within 12-24 months from the date of final disbursement. 2%+S.T. after 24 months from the date of final disbursement. ( On the outstanding principle)

Loan cancellation and rebooking charges : Rs. 2000
Loan Reschedulement Charges : 2% of principle outstanding
Loan statement charges (per statement) : Nil for 1 every half yearly, Rs. 500 thereafter.
NOC issuance charges : First - 'Nil', Rs. 500 thereafter
Document Retrieval Charges : Rs. 500 per request
Stamp duty and Registration charges + Service tax : Actuals
Stamp Duty Charges( Pertaining to Loan Document) : Actuals + Service Tax
Legal / repossession and incidental charges : Actuals
Changing floating rate to fixed rate (if offered) : 0.5% on the outstanding loan amount
Asset Verification Charges : Actuals
Technical Valuation Charges As per : Actuals
Legal search charges : As per Actuals
Insurance Premium : Actuals
Advance EMI : Actuals
EMI cycle date change charges : Rs. 500/-
Foreclosure Statement Charges : Rs.200 + S.Tax charges

These charges would be in addition to swap charges (for PDC cases only). For ECS, no swap charges would be applicable. Further, customer will also have to pay the broken period interest for the differential period.

Service Tax, as notified by the Government of India, is applicable on all fees, interest and other charges and is subject to change as per relevant regulations of the Government of India.

Terms and conditions apply :

All loans are disbursed at the sole discretion of Reliance Capital Limited. All information herein is subject to change without notice. Under no circumstances cash, bearer or blank cheque or kind should be given to any executive in connection with the Loan application. Kindly note that all Post dated cheques and Transaction charge cheques should be crossed and issued in favour of "Reliance Capital Limited".

FAQ's :

Q1. Who can avail of Home Loans from Reliance Consumer Finance?

Salaried individuals in the age group of 21 to 58 or 60 years depending upon retirement age Self-employed individuals in the age group of 21 to 65 years (at the end of the loan tenure) Partnership Firms & Private Ltd. Companies

Q2. Which Products can be Financed ?

- Residential Property Purchase
- Balance Transfer cum Top Up
- Existing Customer Top Up

Q3. How much finance can I avail of?

You can borrow up to 90% of the registered property value towards purchase of your dream home.

Q4. What are the tenure options?

Home loans range from a minimum of 3 years upto a maximum of 20 years

Q5. How long will it take to process the loan?

Loans are processed within 2 working days of completing the documentation.

Q6. Do I need a guarantor?

- All property owners to be co-borrowers
- For sole property owner or applicant -one adult family member to be co-applicant
- Partners and Promoter Directors will be taken as co-applicant in case of Partnership and Pvt. Ltd. Co. respectively

Q7. Do I have the option of pre-paying the entire loan amount?

Yes. One can pre-pay the loan at any time after 6 months from the date of final disbursement of the loan. Foreclosure charges applicable.

Q8. Can I make part pre-payment?

You can make part pre-payments of a minimum amount of Rs 50,000 after 6 months from the date of first disbursement of the loan. This payment can be made only once in a financial year subject to a maximum of 25% of the balance outstanding against your loan amount at the time of request.

Q9. How do I repay the loan?

- Electronic Clearing System (ECS) OR
- Post dated cheques (PDCs)

Q10. What are the stages involved in availing a loan?

The stages involved are:
- Application
- Processing
- Documentation
- Sanctioning of the loan
- Disbursement