Reliance Home Finance
Based on 265 Customer Reviews
Published on: 10 Feb 2019
Reliance Home Finance Limited is a subsidiary of Reliance Capital Limited. The Company provides a wide range of financial products and services like Home loans, Loans Against Property (LAP), Real Estate Finance, and Property Valuation Advisory. The Company also offers property solutions’ services that help individuals find their dream homes /property, along with financing.
Reliance Home Finance has a strong distribution network spread across more than 100 locations, through a “hub and spoke” model, across the country, serving over 41,000 client accounts.
Reliance Home Finance offers customised home loans to cater to every individual’s needs to build a dream home. The company also provides doorstep service, instant approval, instant disbursal of loan and simplified documentation.
Afinoz.com is India's foremost online financial marketplace for availing loans and investments. Our main objective is to make the process of getting a loan or making an investment safer, convenient and hassle-free for individuals. We work with public and private banks, NBFCs and mutual fund houses across the entire country and offer an unbiased quotation on financial products. You can contact our team to get more information or apply for a loan or investment by calling on +918795021552 or by emailing at email@example.com. Afinoz.com provides solutions which are quick, reliable, transparent, confidential and above all free.
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Documents required for salaried individuals
Documents Required for Self-Employed Individuals
The interest rate set by Reliance Home Finance varies from individual to individual depending on a number of factors like salary/income, age, location of property, employment type etc. Reliance Home Finance offers floating rate of interest linked to PLR (prime lending rate) of RHF. The average interest rates set by Reliance Home Finance are as under:
|8.75% - 14%||8.85% - 14%|
Processing fees & other charges
|Loan processing fees||Up to 2% (including non-refundable fees of Rs. 3500/- for Loan up to Rs 35 Lacs& 4500/- for Loan more than Rs 35 Lacs)|
|Cheque dishonor charges||Rs. 750/- per instance (including taxes)|
|Overdue interest||3% per month on unpaid amount|
|Prepayment charge||Rs.500/- per request|
|Cheque swapping charges||Rs. 500/- per swap|
|Loan cancellation charges||Rs. 10000/- plus applicable interest amount from the date of disbursement till the date of cancellation will be charged|
Note: Rates of interest and other charges are subject to periodic change at the sole discretion of Reliance Housing Finance.
Reliance Home Finance lends upto 80% of the property value towards the purchase of a home for home loans upto Rs. 75 lacs and 75% of the property value for home loans above Rs. 75 lacs. For more information about the home loan, you can go over to home loan page on Afinoz.com.