RBL Bank Mortgage Loan

Interest Rate starts from 11.50%

Mortgage Loan From RBL Bank

Possessing a valuable property that can be mortgaged for your needs? Check out the Mortgage Loan offers from ApnaLoanBazaar provided by various bank across India and enjoy our support till the Loan closure.

Interest Rate starts from
11.50 * %
Processing Fee
Loan Tenure
Upto 15 Years
Guarantor Requirement
Pre-Closure Charges
2.0 * %

About RBL Bank

RBL Bank Limited (MFL) is a Kolkata based non-banking financial company registered with the Reserve Bank of India as an Asset Finance Company. The company operates 235+ branches across 21 states and a union territory and has a strong presence in rural and semi-rural India. RBL Bank Limited (formally known as RBL Bank Leasing Limited) was incorporated in 1988 and commenced operation in 1989.


Won a Gold Award at LACP (League of American Communications Professionals), 2015
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FAQs About RBL Bank Mortgage Loans

What kind of property is acceptable for RBL Bank Loan Against Property?
  • Both Residential and Commercial property is acceptable for Loan Against Property. The property may be self-occupied or rented. Mixed use property is also acceptable.
Is it possible to transfer my existing loan to RBL?
  • Yes. You can transfer your existing Loan Against Property from any other financier to RBL (Balance Transfer) and avail of additional refinance.
What is the Loan Amount as a proportion of the value of property?
  • The Loan Amount would depend on the type of property. For a Self-occupied Residential property upto 65% of the market value of the property can be borrowed.
Can I club my income with others to avail Loan Against Property?
  • In case of salaried applicants, salary of upto 2 applicants can be clubbed. In case of non-individual applicants, salary of partner/director can be clubbed along with the income of the firm.
Will the loan eligibility be calculated only on the basis of income?
  • No. There is a separate surrogate program for LAP where other parameters would be considered instead of the applicant’s income.
Is there an option to prepay Loan Against Property earlier? Are there any charges?
  • No foreclosure is allowed before the loan has completed 6 months. However, you can prepay the Loan Against Property after having paid 6 EMIs with applicable foreclosure charges (plus Service Tax at the prevailing rate). Please refer to the schedule of charges for more details.
Are there any benefits of having a Current/Saving Account with RBL Bank for my Loan Against Property?
  • You get the benefit of easier documentation if you have a Current / Savings Account with RBL Bank. You can avail of paying your EMI through Standing Instructions to debit your RBL Bank Account for the loan. This will be taken into consideration at the time of disbursal of the loan.

Required Documentation For Salaried Persons

  • Filled Application form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Latest 3 months Payslips
  • Job Continuity Proof
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents

Required Documentation For Self Employed/Professionals.

  • Filled Application form
  • Identity Proof
  • Address Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents

Identity Proof For Mortgage Loan

  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification 

Age Proof For Mortgage Loan

  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)

Address Proof For Mortgage Loan

  • Passport
  • Telephone bill (BSNL/MTNL)
  • Electricity bill
  • Title deed of property
  • Rental agreement
  • Driving license
  • Election ID card
  • Photo-credit card (with last two month statements) 

Income Proof For Mortgage Loan

  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Job Continuity Proof For Mortgage Loan

  • Form 16
  • Relieving letter
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)

Mortgage Loan Can Be Used For Many Purposes Like Below

For Business Expansion

Accelerate the Business Growth

For Acquiring New Technology

For Construct a New Block

for setting up a new Factory

Setting up a new branch

To Pay off the other Loans

To Procure the More Stock

Things Keep In Mind
Interest Rates
Expert Advice
Mortgage Loans Vs Lease Rental Discounting