New RHFL Schemes & Forms - May 2022

Repco Home Finance Ltd
Introduction to RHFL
&
Familiarization with RHFL
Schemes, Forms & Formats
Why - Investment in Housing?

Best long term investment
Large appreciation in terms of value
Can be converted into liquid asset
Generation of income
Long term relationship established
Tax benefits on Housing Loans
Unlimited scope for further lending
Regulators & Supervisors of Housing Finance
Reserve Bank of India

- Regulator of Housing Finance Companies in
India.
National Housing Bank
- Supervisor of Housing Finance Companies in
India
Introduction to RHFL:
• “Repco Home Finance Ltd” (RHFL) was incorporated on
04.04.2000 as a subsidiary of Repco Bank.
• The certificate of commencement of business was obtained
on 02.05.2000.
• The actual operation of the company commenced on
24.05.2000.
Branch network -155 branches

Regional Office – 7
ARB’s - 2
SAT center network is 24
Loan portfolio of around Rs 11,800 crore.
Providing individual home loans (81% of the loan book) and
loans against properties (19%)
Balanced mix of salaried class (49% of loans by value) and
under-served non-salaried class (51%).
Strong presence in South India with contiguous expansion
strategy in other states
Terminology
• EMI : Equated Monthly Installment. The Monthly repayment
installment of Home Loan. It comprises of Interest and principal
amounts.
• PEMI : Pre Equated Monthly Installment. The interest paid
pending final release/disbursement on the portion of amount
already disbursed.
• LVR : Loan to Value Ratio – mainly for purchase of Plots,
House & Flats
• LCR : Loan to Cost Ratio – mainly used in construction loans
• IIR : Installment to Income Ratio

• Floating rate : Interest rate will change periodically. Interest
rate come down the borrowers get the benefit and his EMI
reduces and interest rate goes up the borrower pays higher
EMI
LOAN SCHEMES OF RHFL

Regular Schemes: Special Schemes:
1) Dream Home Loan 1) Fifty Plus Loan
2) Home Makeover Loan 2) Super Loan
3) Plot Loan 3) Repco Bonanza 2020
4) NRI Housing Loan 4) Repco Privilege
5) Prosperity Loan 5)Repco Nivaran2020
6) New Horizon Loan
Dream Home Loan – Loans for the purpose of construction of

residential house / Purchase of House Flat (New or Existing).
Loan for Construction - Up to 85% of Cost of construction
Loan for Purchase -
up to Rs.30.00 lacs – LTV not to exceed 90 %
From Rs.30.00 lacs to Rs.75.00 lacs – LTV – 80%
Above Rs.75.00 lacs – LTV – 75%
Home Makeover Loan – Repairs / modification / renovation /

alteration to existing house or flat. Loan amount up to Rs.50 Lakhs
and repayment period a maximum of 10 years.
Plot Loan
Purchase of plots promoted by Housing Boards, Development

Authorities, registered Co-operative Societies and approved lay-
outs. Loan amount not exceeding 75% - 90% of value of registration
value and repayment period maximum of 10 years with a condition
for construction within 2 years.
NRI Housing Loan - NRIs are granted loan under this scheme
for construction/ Purchase of flat / House. Eligible amount /
interest rate is same as per the General Scheme and
repayment period is restricted up to a maximum of 10 years.
Prosperity Loan – To meet educational expenses, marriage
expenses, business/personal commitments. Loan amount need
based, not exceeding 70% of the property value.
New Horizon Loan – For Commercial Property – Loans for
purchase and / or construction of non-residential and
commercial property. Need based quantum and repayment
period restricted to maximum of 10 years.
Loan amount not exceeding 70 % of Property value incase of
purchase and LCR not exceeding 85 % of Estimate incase of
construction.
Special Schemes
Fifty Plus Loan – Loans to salaried persons above 50 years and
approaching retirement – only for Home Loans. Repayment
period maximum 15 years (with the condition that the loan to
be closed before the applicant attains 70 years of age).
Applicant to exercise one of the 3 Options for repayment,
available under the scheme.
Super Loan – This scheme is for legal heirs who wish to

construct on the land owned by their parents / family.
Repco Bonanza 2020

Eligibility:
Documented Income Category only
a. Formal Salaried
b. Self -Employed Professionals
c. NRI’s
Purpose:
Construction / Purchase of House/Flat including resale /
Takeover of Housing Loan / Composite Loan / Prosperity Loan
& CRE Loans
Rate of Interest – Floating

S. No CIBIL score of Main Home Loans Prosperity/LAP CRE-RH Loans
Income earner (Floating Loan (floating RoI)
RoI) (Floating RoI)
1 CIBIL score 775 and above MLR – 1.00% MLR + 2.00% MLR

2 CIBIL score 750 and above MLR – 0.75% MLR + 2.25% MLR +0.25%
& upto 774 / 4 & above
and CIBIL Score -1 (Nil Hit)
3 CIBIL score 725 and above MLR – 0.50% MLR + 2.50% MLR + 0.50%
& upto 749 /3
4 CIBIL score 700 and above MLR – 0.25% MLR + 2.75% MLR + 0.75%
& upto 724
Other Eligibility Criteria:

Premium:
Deviation Premium / Risk Premium not applicable
Rating/Scoring Chart for deciding eligibility only
Tenure:
Home Loan – 25 years , LAP – 10 years
→ Other income earner CIBIL 650 & > 3 and NIL hit (-1)
→ Main Income Earner CIBIL – 700 must
→ Plan Approval must
→ Pension Income not allowed
→ Rental Income and Agri income (other than IT declaration) not allowed
→ Proposals with NIL deviation
→ Income source – Documented only
• Not eligible for Plot Loan / Repair / Commercial / Reimbursement / Staff
General ROI
• CIBIL Report to be generated by CO before sanction.
• Subject to other norms as per Credit Policy
Fees & Charges :
→ PF – 0.5% of the Loan amount subject to a maximum of Rs. 10,000/-
→ AF : Waived
Validity of the Scheme:
Till 31st March 2023
Login should happen on or before the Cut-Off Date
Insurance:
→ Property Insurance mandatory
Repco Privilege
Eligibility:
Loans with regular repayment of at least last 18 months
without any default except COVID - 19 moratorium period
Purpose:
a. Takeover of Loans
b. Additional Top up loans for construction, Repairs,
Improvement and Prosperity
c. Takeover of composite loans
Rate of Interest – Floating
a. Takeover of HL/Composite Loan &Additional Topup Loans for -

Construction / Renovation  MLR (8.15%) < 30 Lakhs
b. Takeover of CRE-RH & Additional Topup Loans for – Construction /
Renovation  MLR+1 (9.15%) < 30 Lakhs
c. Takeover of Prosperity/LAP/Commercial & Additional LAP/ prosperity/
Commercial loans  MLR+2.25 <=75 Lakhs
 MLR+2.50 >75 Lakhs
Premium:
Deviation Premium / Risk Premium not applicable
Rating/Scoring Chart for deciding eligibility only
Other Eligibility Criteria:

→ Loan Proposals with D4 (Cibil score of main income earner), D17 & D18( EMI
Cheque / ECS bounce) deviations are not eligible
→ All other norms including deviation matrix will be as per credit policy
Fees & Charges :

→ PF – 0.5% of the Loan amount subject to a maximum of Rs. 10,000/-
→ AF : Waived
Validity of the Scheme:

Till 31st March 2023
Login should happen on or before the Cut-Off Date
Repco Nivaran 2020
• Prosperity (LAP) Loan – Top up loan to tide over the business development
and liquidity needs arising out of COVID-19 pandemic
• All existing customers and whose accounts are classified as Standard and
which have not been classified as SMA1, SMA2 (i.e 31 days, 62 days DPD)
for the past 18 months are eligible
• Maximum Loan Amount – Rs 30.00 Lakhs
• RoI - MLR+ 2.25% - floating RoI. The above shall be flat rate and All other
Deviation premium & Risk Premium– Not applicable
• Fees & Charges : PF – 0.5% of the Loan amount subject to a maximum of
Rs. 10,000/- & AF : Waived
• Validity of the Scheme - Till 31st March 2023. Login should happen on or
before the Cut-Off Date
Home Loans
1. Housing Loans – Construction/Purchase/Take Over.
ROI Type: Floating, Tenure – Maximum 25 Years and NRI
Maximum 15 Years*
S.No. Loan Amount Documented Non -
Documented
1 Rs. 30.00 Lacs & Below MLR + 0% MLR + 1%
2 Above Rs.30.00 Lacs & upto Rs. 75.00 MLR + 0.15% MLR + 1.15%
Lacs
3 Above Rs.75.00 Lacs & upto Rs. MLR + 0.3% MLR + 1.3%
150.00 Lacs
4 Above Rs.150.00 Lacs MLR + 0.5% MLR + 1.5%
Housing Loans – Repairs / Renovation/ Home Improvement

ROI Type: Floating, Tenure – Maximum 10 Years

Documented
Lacs
150.00 Lacs
Composite Loans
Purchase of vacant plot and residential construction
ROI Type: Floating, Tenure – Maximum 25 Years, NRI – 10 Years
Documented
1 Rs. 30.00 Lacs & Below MLR + 0.5% MLR + 1.5%
Lacs
150.00 Lacs
4 Above Rs.150.00 Lacs MLR + 1% MLR + 2%
Vacant Plot Loans:


Documented
Lacs
150.00 Lacs
CRE – Commercial Real Estate (residential housing) Loans


Documented
Lacs
150.00 Lacs
2.Non Housing Loans:

A. Prosperity/Home Equity/Mortgage/Loan against Property/
Commercial
Documented Non - Documented
MLR + 3.5 % MLR + 5 %

Subject to deviations Subject to Deviations
Documented income
• Salary income with bank credit
• Employment from reputed organisations
• Pension income with proper bank credit
• Non salaried class – with regular ITR
• NRI’s/ PIO’s – Reputed organisations – salary bank credit
• Agri Income declared in ITR ( 50% of declared income)
Non - Documented income

• Cash salary/Contract Employment /Consolidated salary with
satisfactory employment
• Non salaried income based on auditor certified financials
• Non salaried income assessed by B.M. ( Rs. 10.00 Lacs )
• Present /Proposed/Rent with bank credit & agreements
• NRI’s/PIO’s – Contract employment with salary certificate and
money transfers
• Agri income certified by revenue authorities
• Non salaried income based on Form - 26AS/16/TDS
RHFL – Forms – Pre – Sanction:
RH-1 – Loan Application Form

RH-1A- Networth Statement
RH-1B – Insurance declaration
RH-3 – KYC Awareness Form
RH-4 – Guarantor Form
RH-12 - Field Investigation Report
RH-53 – Declaration of Rental Income
RH-79 – Valuation Report
RHFL – Forms – Post Sanction

A) Construction/Prosperity/Repairs & Renovation
LSO – Signed copy
RH-16 – Loan Agreement
RH-20 – Letter of Guarantee
RH-55,56 & 57 – EM book
EM Register
MOD
CERSAI
RH 244 - Indemnity Bond
RH-25
M I T C – Most Important Terms & Conditions
Post Sanction - Purchase of House, Flat / Plot and
Take Over
LSO – Signed copy
RH-84 - Agreement
RH-55,56 & 57 – EM book
EM Register
MOD
CERSAI
RH 244 - Indemnity Bond
RH-25 A
M I T C – Most Important Terms & Conditions
Post Sanction - Addl.Loans

LSO – Signed copy
RH-57 & 58 – EM book
EM Register – Addl.Charge
Suppl.MOD
CERSAI
RH-244 - Indemnity Bond
RH-25
M I T C - Most Important Terms & Conditions
Application:
Application form is the first legal document for loan
proposal
It needs to be filled by one of the applicants with single
pen and any alterations made needs to be countersigned by
one of the applicants.
It should be filled in all respects and no column should be
left blank. If not possible it should be mentioned as N.A
Application should be signed by applicant, co-applicants.

If applicants are not physically available with the valid
GPA executed a third party can sign the application on
behalf of applicants.
Guarantors should also submit the duly filled in
application with signature there on along with asset
details
Application should be collected along with the Processing
Fee and required documents plus GST of 18.00%
• Accuracy of information has to be verified

• Signatures of parties are not obtained in the documents
against alteration, addition or correction made in it. (care
should be taken while preparing the documents)
• Documentation done based on the legal opinion instead of
verifying the available original documents. There is scope for
mistakes done by advocate while preparing legal opinion.
• After execution of documents Branch Manager has to verify
the documents executed and its correctness.
• RH-25/ RH-25-A should not be executed in advance.
Thank You

New RHFL Schemes & Forms - May 2022

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New RHFL Schemes & Forms - May 2022

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Repco Home Finance Ltd

Why - Investment in Housing?

Reserve Bank of India

Branch network -155 branches

• IIR : Installment to Income Ratio

LOAN SCHEMES OF RHFL

Dream Home Loan – Loans for the purpose of construction of

Home Makeover Loan – Repairs / modification / renovation /

Purchase of plots promoted by Housing Boards, Development

Super Loan – This scheme is for legal heirs who wish to

Repco Bonanza 2020

Rate of Interest – Floating

Other Eligibility Criteria:

Rate of Interest – Floating

a. Takeover of HL/Composite Loan &Additional Topup Loans for -

Other Eligibility Criteria:

Fees & Charges :

Validity of the Scheme:

Housing Loans – Repairs / Renovation/ Home Improvement

S.No. Loan Amount Documented Non -

Vacant Plot Loans:

S.No. Loan Amount Documented Non -

CRE – Commercial Real Estate (residential housing) Loans

S.No. Loan Amount Documented Non -

2.Non Housing Loans:

MLR + 3.5 % MLR + 5 %

Non - Documented income

RHFL – Forms – Pre – Sanction:

RH-1 – Loan Application Form

RHFL – Forms – Post Sanction

Post Sanction - Addl.Loans

Application should be signed by applicant, co-applicants.

• Accuracy of information has to be verified

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