Financial Solutions
RNC Financial Solution makes consultancy for mortgage Loans easy and simple by understanding and fulfilling people’s mortgage Loan needs.
The Story Of RNC Finance Solutions In Numbers
Cities
Branches
Employees
Finance Adivisor
Lending partner
About us
We are the best in Financial services
RNC Financial Solution is a technology-driven Financial consultant that serves over 15,000 clients across the India. Our goal is simple: make insurance easy. As a long-standing agency, we’ve developed strong relationships with some of the most respected insurance carriers in the industry.
It’s because of these relationships that we’re able to provide our own customers with transparent choices and competitive rates.
MORTGAGE LOAN SIMPLIFIED
We at RNC Financial Solution make Personal needs such as marriages, higher education, business travel, medical emergencies or any unforeseen expenses\Secured overdraft may be allowed as liquidity finance For taking benefit of lower interest rate, customers can also apply for takeover of existing mortgage loan/s from other Banks/FI
MORTGAGE LOAN ELIGIBILITY
Indian citizen (both resident and non-resident) having regular source of income and owning non-agricultural (residential / commercial/industrial) property.
Minimum age – 18 years and maximum age – 75 years.
Individuals may apply singly or jointly with other eligible individuals.
QUANTUM OF LOAN
Minimum of Rs.5 Lakh
Maximum – Resident Indian – Rs.15 Crore and Non-Resident Indians – Rs.15 Crore
MORTGAGE LOAN MARGIN
50% of the fair market value of the property mortgaged as per the latest valuation report.
NATURE OF FACILITY
Term Loan
The maximum repayment tenure will be lowest of the following three:
15 years (180 months).
Residual period till the borrower attains the age of 75 years.
5 years prior to the residual life of the property
Overdraft
Maximum tenor of 15 years (180 months)
The limit will reduce every month with fixed amount so as the total principal is repaid in the tenure of the loan
REPAYMENT
Interest will be calculated and debited every month on the basis of actual use of the limit and to be serviced monthly.
Account to be adjusted 5 years prior to the remaining life of the property
MORTGAGE LOAN RATE OF INTEREST
Please click here to know our latest interest rates
Valuation / Legal / Stamp Duty / CERSAI / Memorandum registration charges as per actual.
PREPAYMENT PENALTY
There is NO prepayment penalty.
SECURITY
Residential / Commercial property, which is in the name of the borrower(s).
Property should be located at metro/urban/Semi-urban areas coming within municipal limits & outside municipal limits. acceptable.
All the co-owner(s) of the property need to join in as co-applicant(s).
Open Plot/Land not acceptable.
GUARANTEE
Third party guarantee is not mandatory for resident Indian.
In case of NRI:
Guarantee of a local resident Indian, acceptable to the bank, and having means equivalent or more to the loan amount, to be obtained. In case where a resident co-applicant with sufficient means (other than spouse) is available for the loan, guarantee need not be mandatory. Resident co-applicant has to be among the close relatives of the main applicant as per bank’s extant norm.
INSURANCE
Property should be comprehensively insured for an amount not less than the value of the property (less cost of land), covering all risks with Bank clause.
MORTGAGE LOAN EMI CALCULATOR
Please Click here for EMI Calculator
**Conditions Apply**
**Contact our nearest RNC Financial Solutions for more details**
THE RNC FINANCIAL SOLUTION EDGE
RNC Financial solution is here for you
We’re here, there, and everywhere for you. Our ultimate goal is customer satisfaction, which is why we’ve made it our driving mission to be accessible. We are where you want us to be. So go ahead, connect with us today.
- Available Monday to Saturday
- Timing : 9:00 AM to 6:00 PM
- Phone, Text, Live Chat, Email, Facebook Messenger
Brand who trust us
We are amongst the top 3 most-preferred channel partners for
loans for India's widest network of Banks, NBFCs, and Fintech
