RBL Bank Home Loan for Bank Employees

RBL Bank home loan for bank employees offers a competitive home loan interest rate starting just from 8.90% for bank employees, making it an attractive option for those looking to purchase their dream home. Additionally, the bank provides the convenience of Home Loan Balance Transfer, allowing borrowers to transfer their existing home loan to RBL Bank at a lower interest rate. The bank also offers a high loan-to-value ratio of up to 90% of the property valuation, making it easier for borrowers to fund their home purchases. Moreover, customers can benefit from flexible tenure options of up to 30 years and no pre-payment charges on floating interest rate loans. 

RBL Bank Home Loan for Bank Employees – Highlights

RBL Bank Home Loan for Bank Employees – Fees and Charges

Here is a closer look at the fees and charges associated with the RBL Bank Home Loan: 

• Application Fees- Rs. 3,000 + taxes
• Documentation- 1.50% or Rs. 10,000 for amounts up to Rs. 30 lakh/1% or Rs. 15,000 for amounts beyond Rs. 30 lakh + taxes
• Late payment- 2% + taxes on overdue amount (per month)
• Prepayment/foreclosure/part-payment- Zero for floating-rate home loans and 2% on outstanding principal for fixed-interest rate loans. Zero prepayment costs for Home Loan Interest Saver offering. 
• Swapping repayment mode- Rs. 500 + taxes (each instance)
• Bounce charge- Rs. 500 + taxes (each time)
• Physical account statement- Rs. 250 + taxes (each time)
• Duplicate NOC/No Due- Rs. 250 + taxes (every time)
• Physical schedule of repayment- Rs. 250 + taxes (each time)
• Credit bureau report cost- Rs. 100 + taxes (each instance) 
• Loan rebooking/cancellation- Rs. 2,000 + taxes (each instance)
• LOD (List of Documents) cost- Rs. 500 + taxes (each time)
• CERSAI- Rs. 100 + taxes (per report)
• Retrieval of documents/photocopies of property documents- Rs. 500 + taxes (per instance)
• Interest rate switch charges- 0.5% (maximum of Rs. 50,000 + taxes-whichever is lower) for floating to fixed and same for fixed to floating. 
• Conversion of higher floating to lower floating rate- Up to a maximum of Rs. 10,000 + taxes 

RBL Bank Home Loan for Bank Employees – Documents Required

RBL Bank home loan for bank employees 

Compulsory Documentation- PAN, ID Proof, Address Proof

Financial Documentation- Last two years’ IT return/Last 3 months’ salary slip/Latest Form 16 from employer 

RBL Bank Home Loan for Bank Employees – Eligibility Criteria

RBL Bank home loan for bank employees eligibility includes the following: 

Applicant Type

• Salaried Individuals
• Salaried NRIs

Salaried Person Criteria

• Minimum net income:Rs. 1,80,000 per annum.
• Minimum age at loan sanctioning: 24 years
• Maximum age at loan maturity: 70 years or as per category.
• Work experience: Minimum of 3 years.
• A confirmation letter is required if the joining date of the current job is less than 1 year.