Rupee Cooperative Bank Ltd. Home Loan Interest Rate at Upto & Including 5 years : 10.50%
Above 5 years to 10 years : 11.50%
Above 10 years to 15 years : 12.00%
| INTEREST RATE | Upto & Including 5 years : 10.50% Above 5 years to 10 years : 11.50% Above 10 years to 15 years : 12.00% |
| LOAN TENURE | 10 Years |
| PROCESSING FEE | As decided by the bank from time to time |
| GUARANTOR REQUIRED | Yes |
| PRE CLOSURE CHARGES | Nil |
Calculate Rupee Cooperative Bank Ltd. Home Loan EMI Calculate EMI Now
About Rupee Cooperative Bank Ltd.
Rupee Cooperative Bank Ltd. is a Co-operative bank in india. Rupee Cooperative Bank Ltd. was founded on 1912. It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.
Find details about Rupee Cooperative Bank Ltd. which includes Rupee Cooperative Bank Ltd. Official Website, Rupee Cooperative Bank Ltd. ATMs accross the India, Rupee Cooperative Bank Ltd. Branches accross the India, Rupee Cooperative Bank Ltd. Contact Numbers, Rupee Cooperative Bank Ltd. official EmailID, Rupee Cooperative Bank Ltd. Headquarter and Rupee Cooperative Bank Ltd. Headquarter Address. Find Rupee Cooperative Bank Ltd. Home loan purpose, Eligibility, Margin, Repayment of Home Loan ,Security, Document Required for Home Loan from below.
Why Rupee Cooperative Bank Ltd. Home Loan?
- Rupee Cooperative Bank Ltd. provides a range of Home Loan Schemes designed for different needs of customers
- Interest Rate is very competitive and affordable
- Minimal Documentation
- It provides Flexible Repayment Options to the borrowers
- Easy and fast approval & disbursal of home loans
- Has dedicated team of well-experienced employees which also offer personalised service
- 24/7 customer care service of Rupee Cooperative Bank Ltd. offers timely assistance to the customers
Rupee Cooperative Bank Ltd. Home Loan Purpose
Purchase of New or Old (upto 20 Years) Flat / House / Construction of House or major extension including House Improvement and takeover of an advance from other Financial Institutions. For purchase of Land maximum 50% of sanctioned amount provided construction to be completed within a Year.Rupee Cooperative Bank Ltd. Home Loan Eligibility
- The applicant must be an Indian citizen or a fully documented NRI. He, essentially, must be a Person of Indian Origin (PIO).
- The applicant's age must be in the range of 18 years and 70 years at the time of loan maturity.
- The applicant must be salaried or self-employed with a regular income.
- The applicant must earn more than the minimum required income.
Rupee Cooperative Bank Ltd. Home Loan Document Required
- Duly filled and signed application form with photograph
- Identity Proof- Aadhar Card, PAN Card, Passport, Driving License, Voter id card, ID-card issued by Government
- Address Proof - Aadhar Card, Passport, Driving License, Voter id card, Electricity/ Telephone/ Post-Paid Mobile bill, Bank statement
- Age Proof - Passport, Birth Certificate, PAN card, Driving License, Voter id card, Employee ID card (only for PSU/ Government employees), School/ College leaving certificate
- Form 16
- Latest 6 months salary slips for salaried persons
- Bank Statement of last 6 months
- Income Tax Returns (ITR) of last 3 years
- Last 3 years CA Certified or Audited Balance Sheet and Profit & Loss Account
- Processing fee Cheque
- Copies of the title documents of the property and the approved plan
- For Construction/ Renovation case, cost estimate from the Architect
Tax Benefits of availing Rupee Cooperative Bank Ltd. Home Loan
There are two types of tax benefits associated with home loan for Resident Indians:
Repayment of the Principal Amount: One can get a Tax rebate under section 80C of the Income Tax Act on whole amount repaid by him in a financial year, maximum upto Rs. 1,50,000/- each financial year (Increased from 1 Lakh to Rs. 1.5 Lakh in Budget 2014).
Repayment of the Interest on Home Loan: Tax Benefit on Home Loan for payment of Interest is allowed as a deduction under Section 24(1) of the Income Tax Act. One is eligible for a Tax Rebate of maximum of Rs. 2 lakh per financial year for home loan interest paid by him/her during that financial year.
Rupee Cooperative Bank Ltd. Home Loan Amount
Amount as per eligibility.Margin
15% in case of New property to be purchased.20% in case of old property (upto & including 10 years old)
30% in case of old property, above 10 years but upto and including 20 years old.
Rupee Cooperative Bank Ltd. Home Loan Repayment
Maximum - 120 months (or age of retirement whichever is early) including moratorium period.Security
Equitable / Registered Mortgage of Property to be acquired with the help of Bank Finance.One Guarantor having satisfactory Net worth (at least equal to loan required) and having good reputation.
Assignment of LIC Policies, Pledge of NSCs KVPs, FDRs etc may be taken. This should be treated as optional, but wherever possible bank may insist for the same.
In Case of Prepayment of Rupee Cooperative Bank Ltd. Home Loan, will EMI change?
One can pre-pay Rupee Cooperative Bank Ltd. Home Loan without any prepayment charges as it allows prepayment at nil charges in case of floating rate home loans. If the borrower makes a prepayment, the outstanding balance of principal amount of his home loan reduces. Then in that case he has following 2 options:
- He can continue with the existing and reduce the loan tenure
- He can reduce the EMI and keep the loan tenure the same
Out of above 2 options, first option is more beneficial for the borrower as he pay less interest to the bank as the pay off home loan will be faster.
How to reduce your Home Loan EMI?
- Negotiate with your banker on lower interest rate
- Apply for longer tenure
- Give maximum amount as down payment
- Pre-pay loan amount
- Switch to another bank/ FI offering lower interest rate
Contact details of Rupee Cooperative Bank Ltd., Rupee Cooperative Bank Ltd. SMS balance check number SMS banking, Rupee Cooperative Bank Ltd. mobile banking, Rupee Cooperative Bank Ltd. toll free number,Rupee Cooperative Bank Ltd. toll free number 24*7, Rupee Cooperative Bank Ltd. miss call number.
- CUSTOMER CARE NUMBERS - 020-24336598
- CONTACT NUMBERS - 020-24336598/ 24325480/ 24333795, Fax : 020-24337519
Rupee Cooperative Bank Ltd. Contact Details
- BANK OFFICIAL WEBSITE - https://www.rupeebank.com
- CONTACT NUMBERS - 020-24336598/ 24325480/ 24333795, Fax : 020-24337519
- EMAIL ID - [email protected], [email protected]
- CUSTOMER CARE NO. - 020-24336598
- TOTAL BRANCHES - 0
- HEADQUARTER - Mumbai
- BANK ADDRESS - Plot No.B/C/1, Market Yard, Gultekadi, Pune-411037 Maharashtra, INDIA
Rupee Cooperative Bank Ltd. Home Loan FAQs Home Loan Document Required
