Bank of Rajasthan offers you competitive interest rate for the home loan to purchase ready made house / flat or a land. The loan can also be availed for construction purposes or repair/renovation work.
- The bank charges 20% margin on daily reducing balance basis.
- The repayment period under the loan is maximum 20 years including moratorium period or up to the age of 65 years or the remaining service period whichever is earlier.
- The loan can be used to repay loan from other approved financial institutions for repayment.
Have a look at below screenshot to understand the rate of interest, amount admissible and other aspects related to home loan from Bank of Rajasthan.
Bank of Rajasthan apna ghar scheme
However now pre payment charges have been removed by RBI order and above figure of 2% can be ignored by you.