RBL Bank Home Loan for Salaried Person

With interest rates beginning from only 8.90%, RBL Bank home loan for salaried employees helps you finance property purchases without any added hassles or worries. Additionally, if you already have an existing home loan with another bank, RBL Bank also provides Home Loan Balance Transfer solutions to help you save on overall interest costs. With a high LTV of up to 90% of property valuation, you can apply for higher amounts with ease. There are also longer tenures going up to 30 years. You can also choose repayment modes tailored to your specific requirements. At the same time, with zero prepayment costs for loans with floating interest rates, there are added benefits for customers in this category. 

RBL Bank Home Loan for Salaried Person – Highlights 

RBL Bank Home Loan for Salaried Person – Fees and Charges 

Here are the fees and charges that you may have to contend with. 

RBL Bank Home Loan for Salaried Person – Documents Required 

The RBL Bank home loan documents for salaried person are minimal. Here are a few of them. 

• Identity- PAN, ID and Address Proof
• Income- Form 16/3 months’ salary slips/ITR for last two years

The bank may ask for additional documents anytime during the loan process if they are required. 

RBL Bank Home Loan for Salaried Person – Eligibility Criteria

The RBL Bank home loan eligibility for salaried persons is not just flexible, but also highly convenient. It usually includes these aspects: 

• Rs. 1.8 lakh in minimum net income per year
• 24 years is the minimum age at the time of sanctioning the loan
• Three years of work experience is necessary 
• If the joining date of present employment is less than a year, then a confirmation letter will also be required
• The maximum age at maturity of the loan is 70 years