Reliance home loan is a part of Reliance capital. It provides the loan to both salaried and self-employed persons with a gross income of minimum Rs. 2 lakhs per year. The age of loan applicant should be minimum 21 at the time of sanction of loan. The loan amount is totally dependent on your borrowing capacity and income stability.
The processing fees for the loan is Rs. 3 thousand plus service tax for the loan amount upto Rs. 25 lakhs and above Rs. 25 lakhs, it is Rs. 6500 plus service tax. Repayment charges for the loan are from 2% to 5% of the total loan amount pending at the time of repayment and repayment is only permitted after 6 months of the initialization of the loan. The rate of interest levied by it is floating and is 11%. The property you want to buy with the loan is itself kept as security for loan. The main advantage of home loan by Reliance is that the loan is provided very quickly.