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Rajkot Nagarik Sahakari Bank Ltd. (RNSB), a 100% digital cooperative bank serving Gujarat since 1967, offers home loans for purchase, construction, repair, and extension up to ₹2 crore with up to 90% financing. As of November 2025, RNSB home loan interest rate starts at 8.25% p.a. for salaried with CIBIL 750+, up to 9.75% p.a. for self-employed, with tenures up to 30 years. It provides zero prepayment charges, instant digital sanctions in 48 hours, and doorstep service across 50+ branches—ideal for ₹10-75 lakh loans on ₹25,000+ monthly income in Rajkot, Surat, Ahmedabad, and surrounding areas.
|
Feature |
Details |
|
Interest Rate |
8.25% p.a. onwards (floating, CIBIL-linked) |
|
Processing Fee |
0.50% + GST (min ₹2,500) |
|
Loan Amount |
₹5 lakh–₹2 crore (90% LTV ≤₹30 lakh) |
|
Tenure |
Up to 30 years |
|
Age |
21–70 years |
|
Disbursal |
48 hours digital sanction |
|
Prepayment |
Nil |
|
Salaried Eligibility |
₹25,000+ monthly; 1 year job |
|
Self-Employed |
2 years; ₹3 lakh+ ITR |
RNSB home loan interest rate is floating, linked to internal benchmark (repo + spread), starting 8.25% p.a. for CIBIL 750+ salaried on ≤₹30 lakh loans, up to 9.75% p.a. for self-employed. Women get 0.10% concession; daily reducing balance. No PMAY direct subsidy but co-op members get extra 0.05%.
|
Category |
Rate |
EMI (₹30L, 20Y) |
|
Salaried Prime |
8.25% |
₹22,800 |
|
Self-Employed |
9.25% |
₹25,000 |
|
Women/Co-op Member |
8.15% |
₹22,600 |
vs Competitors: Lower than Union Bank (8.70%) and Gujarat co-ops (9.00%); 48-hour sanction beats all.
● 48-Hour Digital Sanction: Fully online via RNSB app—fastest in Gujarat co-ops.
● Zero Prepayment: Unlimited part-payment free.
● 90% LTV: Highest for ≤₹30 lakh properties.
● Doorstep Service: Free pickup in Rajkot/Surat/Ahmedabad.
● Co-op Member Benefit: Extra 0.05% off + priority.
● No Hidden Charges: Transparent GST-only add-ons.
RNSB home loan calculator at rnsbindia.com/emi-calculator: ₹30 lakh/20Y/8.25% = ₹22,800 EMI.
|
Loan |
EMI (20Y) |
Total Interest |
|
₹20L |
₹15,200 |
₹16.48 lakh |
|
₹50L |
₹38,000 |
₹41.20 lakh |
|
Charge |
Amount |
|
Processing |
0.50% + GST (₹7,500 on ₹15L) |
|
Legal |
₹2,500–₹4,000 |
|
Prepayment |
Nil |
Salaried: ₹25k+, 1 year job, CIBIL 700+.
Self-Employed: 2 years, ₹3L ITR.
Docs: Aadhaar/PAN/slips/ITR/property papers.
Track on RNSB app/portal with ref no. + OTP (Submitted → Disbursed). Email customercare@rnsbindia.com for updates.
FAQs
8.25% p.a. starting for CIBIL 750+ salaried.
₹30 lakh/20 years EMI: ₹22,800 at this rate.
4.4/5: Fastest 48-hour sanction, zero prepay praised; rural reach strong.
EMI for ₹20 lakh home loan?
₹15,200 at 8.25% for 20 years.
₹12,600 at 8.25% for 25 years.
Salary for ₹30 lakh loan?
Minimum ₹50,000 monthly (50% DTI).
Co-applicant boosts to ₹75 lakh.
RNSB home loan at 8.25% + 48-hour sanction fits ₹20-75L Gujarat buyers. Apply rnsbindia.com.
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