Repco Home Finance Home Loans


Repco Home Finance Limited (RHFL) provides home loans starting from 9.50% interest per year for periods of up to 25 years. It's a company that helps people buy homes and is approved by the National Housing Bank. They offer different types of loans and make sure customers are happy with their service.

Repco Home Finance Loan Highlights 

Interest Rate (floating) 9.50% p.a. onwards
Loan Amount
  • Up to 80% of the property value if you're buying a house or flat.
  • Up to 85% of the project cost if you're building a new house.
  • Up to 70% of the project cost if you're remodeling, repairing, or renovating your existing property.
Loan Tenure Up to 25 years
Processing Fees 1% of the loan amount

Pre Approved Home loan | Check Eligibility & Apply Online

Compare Home Loan Interest Rate Offered by Various Top Banks & HFCs

Name of Lender Up to Rs. 30 Lakh Above Rs. 30 Lakh to Rs. 75 Lakh Above Rs. 75 Lakh  
SBI Bank 8.40% - 10.15% p.a. 8.40% - 10.05% p.a. 8.40% - 10.05% p.a. Apply Now
HDFC Bank Limited 8.40% p.a. onwards 8.40% p.a. onwards 8.40% p.a. onwards Apply Now
Kotak Mahindra Bank 8.70% p.a. onwards 8.70% p.a. onwards 8.70% p.a. onwards Apply Now
ICICI Bank 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
L&T Finance Limited 8.60% p.a. onwards 8.60% p.a. onwards 8.60% p.a. onwards Apply Now
Bajaj Housing Finance 8.50% p.a. onwards 8.50% p.a. onwards 8.50% p.a. onwards Apply Now
LIC Housing Finance 8.35% - 10.35% p.a. 8.35% - 10.55% p.a. 8.35% - 10.75% p.a. 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 8.75% p.a. onwards 8.75% p.a. onwards 8.75% p.a. onwards Apply Now
Tata Capital Housing Finance 8.70% p.a. onwards 8.70% p.a. onwards 8.70% p.a. onwards Apply Now
Axis Bank 8.70% - 13.30% p.a 8.70% - 13.30% p.a 8.70% - 9.10% p.a. Apply Now
Godrej Housing Finance 8.55% p.a. onwards 8.55% p.a. onwards 8.55% p.a. onwards Apply Now

Also read: Best Home Loan in India

 

Repco Home Finance Interest Rate

Repco Home Finance offers home loans starting at an interest rate of 9.50% per annum. However, the actual interest rate you receive depends on various factors such as your age, monthly income, job profile, employer's income, credit score, and loan repayment history.

Types of Repco Home Finance Schemes

NRI Housing Loan

Purpose: This loan is specifically for non-resident Indians (NRIs) who want to buy or build property.

Loan Amount: NRIs can get up to 85% of the construction cost or up to 80% of the purchase price for a residential property.

Tenure: 10-15 years

Fifty Plus Loan

Purpose:  This loan is for salaried individuals, especially government employees, who are over 50 years old and want to buy or build a property.

Loan Amount: Up to 85% for construction and up to 80% for purchase

Tenure: 20 years (repayment has to be completed by the age of 70 years)

Home Makeover Loan

Purpose: You can use the loan for remodeling, repairing, renovating, or altering your home property.

Loan Amount: You can get up to 70% of the estimated renovation or repair cost, or up to 50% of the post-renovation value of the building.

Tenure: You have up to 10 years to repay the loan.

Plot Loan

Purpose: You can use the loan to buy a vacant plot of land.

Loan Amount: Up to 75% of the cost of the plot.

Tenure: 10 years

Composite Loan

Purpose: This loan combines financing for both purchasing a plot of land and constructing a house on it.

Loan Amount: Up to 75% of the plot cost and up to 85% of the construction cost

Tenure: 25 years

Dream Home Loan

Purpose: You can use the loan for buying, selling, or reselling a property.

Loan Amount: You can get up to 85% of the construction cost or up to 80% of the house/flat purchase cost.

Tenure: You have up to 25 years to repay the loan.

Repco Privilege Loan (Takeover + BT/Top-up Loan)

Purpose: Repco Home Finance offers the opportunity for customers to transfer or takeover their existing loans at a lower interest rate.

Tenure: Up to 2 years

Repco Bonanza 2020

Purpose: This loan scheme is tailored for self-employed and salaried professionals with credit scores above 700 who want to buy, mortgage, or build a house.

Tenure: 25 years

Repco Nivaran 2020

Purpose: This is a loan designed to help existing customers address business development and liquidity needs that have arisen due to COVID-19.

Tenure: 10 years

Also Read : Best Home Loan EMI Calculator

Repco Home Finance Loan Fees and Charges

Particulars Charges Applicable
Processing fees 1% of the loan amount
Prepayment charges NIL
Legal opinion fee NIL
Administrative fee 0.50% of the loan amount
CIBIL charges Rs 100 per individual
EC, Cheques and ACH bouncing charges Rs 250
Account Statement Provided free of cost only once for each financial year. Further, Rs 100 is charged for each copy.
Rate of interest conversion charges
  • A loan above Rs 50 lakhs- Rs 5,000
  • Loan of Rs 50 lakhs and below- Rs 2,000
Valuation report charges
  • Rs 2,500- Up to Rs 50 lakhs
  • Rs 3,000- Rs 50-100 lakhs
  • Rs 4,000- above Rs 100 lakhs
CERSAI Charges
  • For loans sanctioned before 7th March 2016- Rs 1,000/- per property
  • For loans sanctioned after 7th March 2016- Rs 150/- per property

Also read: Best Home Loan Fees and Charges

Eligibility Criteria for Repco Home Loan

  • You must be an Indian resident, except for NRI housing loans.
  • You should be at least 18 years old.
  • Your age should not exceed 70 years at the time of applying for the loan.

Also Read : Best Home Loan Eligibility

Documents Required for Repco Home Finance Loan

  • ID proof
  • Address Proof of the applicant
  • Recent passport-sized coloured photographs

For salaried individuals:

  • Form-16
  • Last six months salary slips
  • Employer ID card

For self-employed individuals:

  • GST returns for the past 6 months
  • Property documents
  • Last 3 years income tax returns documents
  • Business Registration Certificate
  • Last 6 months bank statements of business accounts
  • Details of any current loans you may have

For NRI Individuals:

  • Current salary statement
  • Passport/Visa/Work Permit
  • Proofs for money transfer to India

Also Read : Best Home Loan Documents Required

Frequently Asked Questions

Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.

Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.

The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.

Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.

The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.