Bank of Baroda Home Loan for Bank Employees

Bank staff regularly address the financial requirements of their clients daily, and it is equally important to have someone cater to their financial needs as well. Thus, the Bank of Baroda offers a customised home loan option for bank employees. Eligible candidates can avail themselves of appealing features such as minimised interest rates, higher loan amounts, longer tenure, easy-to-meet eligibility criteria, and prompt fund disbursal. To learn more about this borrower-friendly financing option, let's scroll down. Hereunder, we present details, including the Bank of Baroda home loan for bank employees' interest rates, required documents, eligibility criteria, and applicable fees.

Bank of Baroda Home Loan for Bank Employees – Highlights

The following are the key parameters of the Bank of Baroda Home Loan for Bank Employees:

Bank of Baroda Home Loan for Bank Employees – Fees and Charges

The following are the applicable fees and charges in the Bank of Baroda Home Loan for Bank Employees:

Note: If you repay your loan on time, the bank will not impose any additional charges except for the processing fee.

Bank of Baroda Home Loan for Bank Employees – Documents Required

Following are the required documents you may submit to Bank of Baroda home loan for bank employees who apply online/offline:

• Proof of Identity: Aadhaar card, PAN card, passport, voter ID, or driving licence.
• Proof of Address: Utility bills, passport, or driving licence.
• Proof of Employee: Employee ID card, or appointment letter.
• Proof of Income: Latest 3-month salary slip, and last 6-month bank statement.

Bank of Baroda Home Loan for Bank Employees – Eligibility Criteria

The Bank of Baroda home loan for bank employees’ eligibility criteria as follows:

• The applicant must be a bank employee.
• The applicant’s age must fall within the range of 21 to 70 years.
• The applicant must have at least 1 to 2 years of work experience.
• The applicant must have a sufficient income that covers the loan repayment. 
• The applicant must have a credit score of 701 or higher.