Repco Home Finance Home Loan Interest Rates start from 9.50% p.a. on floating basis. The applicable rate of interest varies according to customer profile (eligibility), property details and chosen home loan product. Currently Repco HFC offers nine types of home loans to match exactly with home loan needs of varied customer base. The processing fee is nominal at 1% and loan tenure can be extended up to 20 years.
Repco Home Finance Limited (RHFL) is one of the popular housing loan financers which was started way back in the year April 2000. REPCO has its headquarters in Chennai, Tamil Nadu and it is registered with the National Housing Bank (NHB). It is presently operating with more than 106 branches and 36 satellite centers which are spread across the complete South and Central Indian states.
RHFL aims to provide the utmost support to its customers in order to fulfill their requirements. It is committed to the comfort of the customer and offers Home Loans at very affordable rates with low equated monthly instalments (EMIs) and longer tenure for repayment. There are different housing loan schemes that are offered by RHFL which makes it unique from the other financing agencies. This financial institution has a robust customer support initiative which makes the borrowers simple to choose between the different housing loan schemes and the procedure for the application and processing is quick and hassle-free.
Repco Home Finance Limited offers its customers with Home Loans at very affordable and attractive interest rates with lowered EMIs and longer repayment tenures. When it comes to Home Loans, Repco is the most preferred choice for many customers due to the following features and benefits:
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RHFL is a well-known lending agency which helps its customers to fulfill their dreams to build or buy a house by providing finance. One of the vital features of Repco is that it offers very attractive and affordable interest rates which are customer friendly and eases the borrowers from a financial crunch. The rate of interest for Home Loans from Repco starts at 9.50% per annum. The interest rate is floating. The final interest rate depends on the applicable scheme and assessment of the borrower based on their profile and property details.
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In addition to Home Loan interest rates, RHFL also has some other charges which include:
Processing fee |
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Prepayment charges |
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Administrative fee | 0.5% of the loan amount |
CIBIL charges | 100 per individual |
CERSAI charges |
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Valuation report charges |
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Copy of IT Certificate |
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Cheque/ ECS/ NACH bouncing charges |
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Recovery charges |
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Statement of account |
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Conversion of the rate of interest |
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SARFAESI proceedings | Actuals |
Encumbrance certificate charges | Actuals |
One of the USPs of Repco Home Finance is its large number of specialised and customised Home Loan schemes that fulfill its customers' requirements.
Some of the types of REPCO Home Loans are as below:
Applicants should satisfy the below-mentioned criteria in order to be for a Home Loan from Repco:
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It is easy to get a Repco Home Finance Home Loan online through MyMoneyMantra. You just need to apply an online application form under Home Loan section by filling up and submitting the required information. Once you have applied for the Home Loan, your application will be processed online and our Home Loan specialists will get in touch with you for further proceedings. They will assist you with all the information and the details that need to be completed.
MyMoneyMantra is India’s largest phygital loan distributor. With trust of 70 lakh customers, we assure hassle free access to the best Home Loans up to 10 crore for housing loan borrowers in India. Our service is 100% free. We use latest technology and AI to serve customers across the length & breadth of our diverse country. Check Eligibility & Apply.
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The type of security or collateral that is allowed is a guarantee from one or two people, or deposit of shares or life insurance policies.
The processing fee applicable is as follows:
The prepayment charges are as follows:
As per the Income Tax Act of 1961, you can save up to 1,50,000 per annum on the repayment of the principal and up to 2,00,000 per annum on interest repayment of Home Loan.
RHFL Home Loan can be availed for constructing or purchasing a residential house in the self-owned plot, purchasing a ready-built residential house or flat, purchasing a plot and then constructing a house thereon, repairs and renovation of an existing house, purchasing or constructing a commercial building, and takeover of an existing housing loan from other HFCs and banks.