Eligibility Criteria for Rajasthan Marudhara Gramin Home Loan
To apply for a Marudhara Gramin Bank home loan, applicants must meet the following basic eligibility conditions:
• Indian resident, preferably residing in Rajasthan
• Salaried, self-employed, farmer, or small business owner
• Stable income source with repayment capacity
• Minimum age: 18–21 years
• Maximum age at loan maturity: usually up to 70 years
• Property must be located within the bank's operational area
Eligibility may vary slightly based on income profile, loan amount, and property type.
Rajasthan Marudhara Gramin Bank Home Loan Schemes
Rajasthan Marudhara Gramin Bank offers multiple housing loan options to meet different residential needs:
Home Purchase Loan – For buying a ready or under-construction residential property
Home Construction Loan – For constructing a house on owned land
Home Extension / Renovation Loan – For repair, renovation, or expansion of an existing home
Rural Housing Loan – Specially designed for borrowers in rural and semi-urban Rajasthan
These schemes feature flexible repayment tenures, competitive Marudhara Gramin Bank home loan interest rates, and locally assisted loan processing.
Documents Required for Rajasthan Marudhara Gramin Bank Home Loan
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Documents Required |
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Identity Proof
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Aadhaar Card, PAN Card, Voter ID
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Address Proof
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Aadhaar, Utility Bill, Ration Card
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Income Proof (Salaried)
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Salary slips, Form 16, bank statements
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Income Proof (Self-Employed)
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ITR, business proof, bank statements
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Property Documents
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Sale deed, agreement to sell, approved plan |
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Photographs
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Recent passport-size photographs
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Having complete home loan documents in Rajasthan helps speed up approval and disbursal.
Tax Benefits on Rajasthan Marudhara Gramin Home Loan
Borrowers can avail income tax benefits on a Rajasthan Marudhara Gramin Home Loan under the Income Tax Act:
Section 80C – Deduction up to ₹1.5 lakh on principal repayment
Section 24(b) – Deduction up to ₹2 lakh on home loan interest
Additional benefits may apply for first-time home buyers as per prevailing tax rules
Tax benefits depend on loan usage, property status, and individual tax eligibility.
Processing Fees and Charges
Rajasthan Marudhara Gramin Bank generally keeps its charges affordable to support rural housing finance:
Processing Fee: Nominal or minimal, depending on loan amount
Documentation Charges: As per bank norms
Prepayment / Foreclosure Charges: Usually low or nil for floating-rate loans
Other Charges: Legal and valuation charges, if applicable
Exact fees may vary by branch and loan scheme, so it's advisable to confirm before applying.