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Home Loans starting at 8.10%

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It is essential to have a place, which people can call it as home. Having a home is as much a fantasy as it is a requirement; after all, it is a permanent roof for anybody. Getting a home loan from Rupee Station is quick and easy. We provide higher eligibility and less EMI at an attractive interest rate.

However, application processing online ensures faster approval of the home loan. Flexible tenures, low-interest rates, and easy repayment options are some of the advantages which allow the user to achieve financial freedom and save money in the process. The home loans which are provided by Rupee Station enable the applicant to buy a ready built-up or under construction house of their choice.

home loan

Smaller EMIs

Space out your payments and avail smaller EMIs paid over longer tenure

Loan Amount

Minimum - Rs. 3,00,000 Maximum - Depends on combined income

Prepayment Charges

Floating Rate Loan: Nil Fixed Rate Loan: 2% of outstanding principal/amount prepaid

Interest Rate Applicable

Floating Rate Loan: Nil Fixed Rate Loan: 2% of outstanding principal/amount prepaid


  • Home loans usually have higher repayment tenures which vary from 5 years to 30 years.
  • The repayment period for a home loan is decided at the time when the applicant applies for the home loan.
  • Prepayment of the home loan can also be accomplished. Some of the home loan providers charge a prepayment fee if the applicant prepays a loan while some do not.
  • Home buyers should examine the home loans available to find the perfect deal for home loan offers.
  • The Equated Monthly Installment (EMI) is the money that the user pays each month to repay the home loan principal amount and the interest amount.
  • When calculating the home loan EMI, both the accrued interest and the principal value are taken into account.
  • The applicant can work on the home loan EMI calculator to calculate the EMI which they will pay.
  • The home loan involves processing fees and other charges related to it such as registration prices, penalty on prepayment, commitment prices and various other costs (documentation/consultation).


Home loan is a broad concept, and there are various types of home leans which the user can get. The types of Home Loans are:

  • Home purchase loan
  • Plot Loans
  • Home construction loans
  • Home improvement loans
  • Home conversion loan
  • Home extension loan


Step1: The applicant first requires filling a form. This can be done manually by marching down to the bank, or they can fill the online application form.
Step2: The application form which is submitted is first viewed and after an application form is considered it is then approved. The bank announces the decision within a few minutes
Step3: The applicant form after getting accepted is then processed, and the money is transferred to the applicant within two working days.


  • One of the various fundamental parameters in determining the home loan is the equated monthly installment (EMI) that the applicant has to make the home loan.
  • Precise knowledge of the cost that the applicant will have to bear monthly will assist them in making a further informed decision
  • The housing loan EMI calculator would help the applicant to approximate the financial requirements based on the home loan amount, home loan tenure and home loan interest.
  • The significant cost of the interest rate is due to the amount of interest in the EMI which would be greater in the initial months and will ultimately reduce.

Loan term

The maximum terms of the loan which is provided by Rupee Station start from 30 years and extend beyond the retirement age of 60 years. Therefore, the applicant should abide by the term loan provided by us.

Facility of balance transfer

The applicant can transfer housing loan to Rupee Station if they want to obtain the benefits of a lower home loan interest rates. The bank offers minimal documentation and active processing.

Tax benefits

If the applicant wishes to seek a home loan, then they should be aware of the fact that acquiring home loan leads the candidate with certain advantages. This means that the applicant can save money by claiming the deduction in the income tax. It can be against the principal and interest amount repaid


The applicant can make significant part prepayment towards the home loan at any time during the tenor. It supports to reduce the EMIs and loan tenor to assist the user in breathing stress-free!

Interest rate and charges

Rupee Station understands that the user has various money related burdens in their bag. These can be dodged because Rupee Station provides with lower interest rates and fees to their customer.

Zero foreclosure charges

If the applicant has to pay for first home loan EMI to Rupee Station, then it would let them foreclose the home loan without asking for any additional charges. Hence, the advantage of not putting up of the costs is the best benefit provided by Rupee Station

Ways of payment

The applicant can pay the home loan EMIs through the following criteria:

  • National Automated Clearing House(NACH)- based on standing instructions, given to your bank
  • Electronic Clearing Service (ECS)/
  • Post Dated Cheques (PDCs) - Drawn on your salary/savings account

24/7 accessible account

If the user wishes to seek the details of their home loan at any point and anywhere then they can easily access the information on home loan via the digital portal which is available on the Rupee Station site.

The applicants who apply for home loans have to fulfill the following guidelines.

  • The minimum age of the applicant should start from the age 21 and can vary till the age 60.
  • The applicant can be a self-employed candidate or a salaried candidate, and they should be residing their job for at least three years.
  • The applicant who is applying for a home loan should have an income of 5-7. This depends on the nature of the employment also
  • The applicant should live the same city and residence for at least one year. This aspect fulfills the stability criteria.
  • If the applicant should have a good credit score, then they can quickly get a decent home loan.

The official documentation which is required for a home loan would include:

  • Appeal form duly filled and signed by the applicant
  • Photograph and identity proof
  • Residence proof and six months’ salary slip
  • Bank statement for six months
  • Income Tax returns and education proof

If the applicant is a self-employed person then the applicant would need to provide the following documents with the above:

  • The report containing business existence
  • P/L and balance sheet statement for three years
  • Business Profile and related documents

Apart from rate of interest which is charged for a home loan the applicant need to pay various other expenses that are associated with it. These charges are necessary.

  • Legal fee is imposed on the applicants to pay it to the lawyers who do the task for verification of the property that is being bought with the loan amount. Many of the banks do not have in-house lawyers, and therefore, they pay fees and recover it from home loan customers.
  • There are no charges for Home Loans and Home Improvement Loans with floating rate of interest.
  • An amount of Rs 5000 on the Administrative costs are applied. It is a one-time charge collected by the lender to appraise the valuation and legal verification of property to ascertain the suitability of accepting the property for mortgage and the same outcome /result of such appraisal.
  • Apart from this there is no other hidden charge which is applied to applicant.

Interest rate

For any applicant who wishes to seek a home loan, there are two kinds of interest rates that they can choose from. The interest rate includes fixed and variable interest rates. Selecting one of these and knowing why to decide it is a significant step that would determine the home loan repayments installments. The overall interest amount that the applicant pays towards the home loan depends on the interest rate itself.

Cibil score

Home loans are enormous financial responsibilities, and the bank always makes sure that the applicant has the required financial capability to repay the amount they are looking for. That's the reason why credit scores of loan applicants spend a considerable role in determining the home loan eligibility. Applicants with an average or a poor credit score may settle up with the rejection of their home loan application. Else they are granted with a higher rate of interest.

Terms and conditions

Every bank has their terms and condition. The level at which the applicant gets the desirable loan depends entirely on the bank's terms and conditions which they are choosing for. Many banks permit free pre-closure of home loans while there are other costs which include specific pre-payment fee. Depending on the preference, the applicant should see out all about pre-closure conditions and after that apply for the home loan with the bank of their choice.

Fine Print

The applicants before applying for the home loan should be careful about the add-on costs and disciplines. It’s not about the interest that the user pays. There are supplementary charges such as administrative and service charges or processing fees. Also, there are many penalties on pre-payment of the loan. Acknowledging these when comparing the deals awarded by various lenders would be an advantage to the lender.

Switch lenders

Getting a loan from the desired bank doesn’t indicate that the user is stuck with it forever. In farthest conditions or in a state where the user is getting a significantly better deal from another lender has the authority to change or make a switch. Many banks don't have any pre-payment discipline on floating rate loans. Hence, the processing fee is the ultimate additional cost that the user has to bear. Review and try to negotiate as well ask for a reduction, if not a full waiver.

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