Reliance Home Finance Limited provides you home loans to the customers for their home purchase, renovation, construction and extension. But while taking a home loan you must have thought that what would be the EMI is going to be? Don’t worry because with Reliance Home Loan EMI Calculator you can determine your loan installments easily. To know the EMI calculator functions and benefits read the given article.
What is Reliance Home Loan EMI Calculator?
It is an online loan calculator device, you can access your loan EMIs by just inserting your loan details inside the calculator. The Reliance Home Loan EMI Calculator device works on the formula [P x R x (1+R)^N]/[(1+R)^N-1], where P is your borrowed loan amount, R is the loan applicable rate of interest and N is the loan tenure. To use the EMI calculator you can visit the official website of Reliance Home Finance Ltd.
To understand it better suppose if you borrow a loan amount of INR 45 lakh from Reliance Home Finance Ltd. at an interest rate of 9.15% on a 30 years tenure. At that time, you can use the Reliance Home Finance EMI calculator which would generate your EMI instantly. The EMI for the mentioned loan amount would be INR 36,695 with total Reliance home loan interest rate of INR 87,10,111.
Benefits of Reliance Home Loan EMI calculator
You can get a number of benefits when you use the EMI calculator. Because, when you use the online calculator you get the idea of future loan EMIs that would help in managing the loan payment. You can select a suitable loan tenure for your Reliance home loan payment, the housing finance company provides you a flexible loan tenure of 20 to 30 years. And, with the attractive Reliance home loan interest rate starting from 8.75% you can easily pay the loan EMI. The Reliance Home Finance Limited also doesn’t charge any prepayment fee from the customer on the loan prepayment or foreclosure.
Finance your house with Reliance Home loans
So, you must be convinced that Reliance Home Finance Limited offers the best home loan schemes at a competitive interest rate with efficient services. Then don’t wait more quickly apply for Reliance home loans by visiting your nearest branch or through the online services. Reliance Home Finance provide a loan amount up to 80% of your property value. And. with the help of Reliance Home Loan EMI calculator, you can easily compute the loan installments without any hassle. Submit your documents like Id proof such as Aadhar Card, PAN card, Driving license, etc. to the Reliance Home Finance along with the income documents. Your income documents must be up to date and you require to submit your bank statement, salary slip if you are salaried and income tax return report.
If you submit all the documents and completed all the formalities then you can wait for the loan confirmation. The confirmation letter would be delivered to your mentioned home or office address or you get an email or message on your registered mobile number or email id. Get a step closer to your own house with Reliance Home loans.