A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Religare Home Loan

    Religare home loans offer up to 80% of the property value with a repayment tenure of up to 20 years. The interest rate ranges from 14% to 17% and is a floating rate. 

    Religare Home Loan offers home loans up to Rs.50 lakh at competitive rates starting from 10.50% p.a. It offers a range of services including home improvement loans, home extension loans and self-construction loans. You can take the loan for a period of 25 years.

    • Competitive rates range from 14% onwards
    • Loans up to Rs.50 lakh
    • Tenure up to 20 years

    Religare Home Loan Interest Rate 2023

    Interest Rate 14% - 17%
    Processing Fee Up to 3.5% of the home loan amount applied

    Compare: Home Loan Interest Rate all Banks

    1. Religare Home Improvement Loans
      • For repairs, renovation, improvement or extension of the existing house.
      • Loans of up to Rs.10 crore.
      • Tenure of up to 15 years.
      Interest Rate 14% - 17%
      Processing Fee Nil
    2. Religare Home Extension Loans
      • For building an additional floor, adding a bedroom.
      • Loans of up to Rs.10 crore.
      • Tenure of up to 15 years.
      Interest Rate 14% - 17%
      Processing Fee Nil
    3. Religare Self-Construction Loans
      • For constructing a self-owned plot of land situated within Municipal or Local Development Authority limits.
      • Loans of up to Rs.10 crore.
      • Tenure of up to 15 years.
    Things to Know
    • The eligibility criteria for all the schemes is similar to that of the home loan.
    • The loan term does not extend beyond the retirement age or 60 years (salaried individuals) whichever is earlier (65 years for self-employed individuals)

    Religare Home Loan EMI Calculator

    Your home loan EMI (equated monthly instalment) depends on several factors, including the loan amount, tenure, and interest rate. To calculate your monthly instalments beforehand, you can use BankBazaar Home Loan EMI Calculator.

    You can learn about your EMI instantly. You will need to enter all the details related to your loan, including amount, rate of interest, and processing fee. Click on “calculate” to view your EMI. This will be followed by an amortisation table that will give you a complete breakdown of your repayment schedule.

    Religare Home Loan Eligibility Criteria

    Age Above 21 years (self employed)
    Above 25 years (salaried individuals working for minimum 3 years/ having stable source of income)
    Nationality Resident Indians

    Religare Home Loan Documents Required

    • Identity proof
    • Residential address proof
    • Passport size photograph
    • Last 3 months’ salary slips
    • Last 6 months’ bank statements
    • Property-related documents

    Religare Home Loan FAQs

    1. Is it necessary to have a personal guarantor for my loan?

      No, a personal guarantor is not necessary. It would depend on a case to case basis, as counselled by your loan advisor.

    2. When do I have to start paying my EMI’s?

      The EMI payments will begin the month following the full loan amount being disbursed to the applicant.


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    Religare Home Loan Reviews

      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have taken a home loan with Reliance Capital and my experience was not good, the loan amount was for Rs 15 lacs with very high interest rate of 11%. Customer service was not up to the mark and the tenure period for this loan is for 20 years.
      Was this review helpful? 4
      , ahmedabad
      Reviewed on Oct 02, 2018
      "Looking for better offer"
      0.5 2.0/5 "Expected more"
      I purchased residential house from the builder, my property belong gram panchayat, Religare housing finance only providing loan for this approval. They have fulfilled my needs, whatever amount I have applied it got sanctioned but interest rate was high and they have taken nearly two months to complete the process.
      Was this review helpful? 9
      , pune
      Reviewed on Sep 15, 2017
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