As per the basic documents mentioned under KYC, Income proof, Title deeds to the property proposed to be purchased.
Normally, the spouse will be the co-applicant.
The eligible loan amount shall be determined based on the income of the applicant/co-applicant and his/her repaying capacity and the value of the property, which is going to be acquired out of the loan.
The repayment period will range from a minimum of 5 years to a maximum of 20 years for self employed/Non-professionals and 25 years for salaried.
The loan will be disbursed based in stages depending on the progress of work, in case of construction of a house/flat and in the case of outright purchase of an existing house/flat, the payment will be made as one time payment.
This will be as per the norms prescribed by NHB
There is no cap on the loan amount. Maximum loan amount will be determined by the repaying capacity of the borrower and the value of the property proposed to be purchased.
The Loan sanction order is valid for 60 days from the date of sanction.
Individual, Groups of Individuals who have a definite and regular source of income can approach RHFL (Corporate Office or any branch Office / Centre) for a Home loan. Alternatively they can express their interest through email
In case of cheque return due to ‘Insufficient funds’ or any other reason, a cheque return charges of Rs.250/- plus GST will be charged to discourage recurrance in addition to the charges debited by the Bankers on account of the return.
Yes, the loan can be switched over from fixed rate to floating rate in case of housing loans. However, the vice versa is not applicable.
Yes, the policies are subject to change from time to time.
RHFL encourages borrowers to pay EMI / PEMI by electronic mode of payment like NACH or Post Dated Cheques, instead of paying by Cash.
Due to unavoidable circumstances, if the borrower makes cash payment, then he/she can make cash payment upto Rs. 199999/- as per Section 269ST & 271DA of Income Tax Act 1961 and duly obtain receipt for the same.
Any grievance in relation to the above may be reported to 044 - 42106650
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