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A personal loan is great way to improve your credit score and therefore, RBL Bank offers its loan with convenient repayment option at an interest rate starting at 14% p.a. One can take the loan for the period of up to 60 months with the amount ranging in between ₹1 Lac to ₹20 Lac.
A personal loan is a convenient option to fulfil your personal financial requirements including marriage, travelling, education or even in an emergency situation of medical. All these loans are available at a single bank, RBL Bank, which is one of the most admired banks in India. It offers personal loan at an attractive interest rate for all individuals for their various financial requirements including financial emergencies. The bank can help you during the financial crisis without any collateral or guarantor, whose end-use is unrestricted.
RBL Bank offers a one-stop solution for all the needs of customers with easy repayment options for short-term starting from 12 months to 60 months. You can apply for a personal loan easily on its website or filling form offline and get an instant personal loan.
RBL Bank Personal Loan provides easy loan within 48 hours with interest 14% p.a. onward. Below table gives the complete details of Personal Loan.
| RBL Bank Personal Loan | Details |
|---|---|
| Loan Category: | Personal Loan |
| Tagline: | Different Needs. One Solution |
| Loans Offering: | Personal Loan, Marriage Loan, Holiday Loan, Medical Loan, Home Renovation Loan |
| Loan Type: | Unsecured personal loan |
| Interest Rate: | 14% p.a. onward |
| Processing Fee: | Up to 4% of loan amount |
| Approval Process: | Both online and offline |
| Minimum Income Requirement: | ₹20,000 (₹25,000 for Delhi & Mumbai) |
| Loan Approval Timing: | 48 hours |
| Minimum Loan Amount: | ₹1 Lakh |
| Maximum Loan Amount: | ₹20 Lakh |
| Minimum Loan Period: | 12 months/ 1 year |
| Maximum Loan Period: | 60 months/5 years |
| Type of Interest Rate: | Fixed interest |
| Interest Charging Method: | Reducing balance method |
There are eligibility criteria set by RBL Bank for their personal loan:
| RBL Bank Personal Loan | Details |
|---|---|
| Salaried Employees | Yes |
| Salaried Doctors | Yes |
| Employees of public and private limited companies | Yes |
| Government sector employees including Public Sector Undertakings, Central and Local bodies | Yes |
| Loan for Pensioners | No |
| Loan for Existing Customers | Yes |
| Self-Employed | Yes |
| Selected Corporate | No |
| Other Criteria | NA |
| Minimum Age | 25 years |
| Maximum Age | 60 years or retirement age whichever is earlier at maturity |
| Minimum Income Requirement | ₹20,000 (₹25,000 for Delhi & Mumbai) |
RBL Bank offers the following products and services under personal loan head:
Renovating the space which is close to your heart may hit hard on your finances. But with RBL Bank, it is easy as it has designed the loan which suits the needs of homeowners who want to carry out structural repairs, interior works, renovation and any other improvement to their home.
Everyone has the right to enjoy their D-day to its fullest without worrying about the financial crisis. Therefore, RBL Bank offers its marriage loan for booking a venue for buying jewellery to paying for all the functions which include all wedding expenses.
Future of every child is special, so does higher education. So, if you feel a financial crisis in paying college fees, RBL Bank will take care of every expense of your child’s education, in India or abroad.
Everyone deserves dream vacation and to fulfil this dream of every traveller, RBL Bank comes up with a holiday loan, if you have come short of funds. The loan will take care of your flight tickets, stay, shopping and all other expenses.
Medical emergencies never give a call before coming and therefore, we need instant funds to meet the expenses. The loan will help you to settle hospital bills easily and also pay for other medical expenses.
If you have too many credit cards and those are in debt, then a personal loan is a convenient way of consolidating your debt. You can pay off the debt easily and need to pay only one loan, i.e., RBL Bank personal loan.
RBL Bank Personal Loan offer various services, please find below the list of features offered by the vendor.
| RBL Bank Personal Loan | Details |
|---|---|
| Personal Loan | Yes |
| Wedding Loan | Yes |
| Education Loan | Yes |
| Home Renovation Loan | Yes |
| Two Wheeler Loan | No |
| New Car Loan | No |
| Used Car Loan | No |
| Travel Loan | Yes |
| Medical Loan | Yes |
| Top Up Loan | No |
Here is the detail charge list for RBL Bank Personal Loan process. We have covered all possible charges for your loan requirements for clear visibility on RBL Bank Personal Loan processing.
| RBL Bank Personal Loan | Details |
|---|---|
| Co-Applicant Allow | No |
| Income Criteria | Yes |
| Collateral Requirement | No |
| Pre Approved Credit Limit | NA |
| Foreclouser Charges | 5% of outstanding principal |
| Loan Foreclouser Conditions | Allowed only a year after the first EMI |
| Bounce Charges | NA |
| Bounce Charges Self Employed | NA |
| Late Payment Penalty | NA |
| Duplicate NOC Charges | NA |
| Stamp Duty Charges | As per laws |
| Instrument Swapping Charges | NA |
| Loan Cancellation Charges | NA |
| Stamp Duty Charges | As per laws |
| Loan Rebooking Charges | NA |
| Statement Of Account Charges | NA |
| Duplicate Repayment Schedule | NA |
| EMI Payment Mode | Standing Instruction (SI), Electronic Clearing Service, Post-dated cheque |
| Overdue Payment Mode | NA |
| Hidden Charges | NA |
In this section we have listed all important links related to RBL Bank Personal Loan.
| RBL Bank Personal Loan | Details |
|---|---|
| Banks | NA |
| Charges Information | Link |
| Personal Loan Eligibility Calculator Link | NA |
| Personal Loan EMI Calculator Link | Personal Loan EMI Calculator Link |
| Education Loan EMI Calculator Link | NA |
| Car Loan EMI Calculator Link | NA |
| Product Demo Link | NA |
| Website Link | NA |
| Android App Downlaod Link | Android Mobile App Download |
| iOS App Downlaod Link | iOS Mobile App Downlaod |
For new customers:
For existing customers:
Please find below the list of documents required to avail personal loan. Aadhar, PAN and Income Proof are the most important documents, other documents are optional. The complete list of documents you can keep ready for your loan application.
| RBL Bank Personal Loan | Details |
|---|---|
| Age Proof | Copy of Passport/Driving License/Aadhar Card |
| Address Proof | Copy of Passport/Driving License/Aadhar Card/Voter ID/Ration Card |
| Identity Proof | Registered Rent Agreement/Utility Bills last 3 months/Copy of Passport/Copy of Ration card |
| Income Proof for Salaried Emp | Salary slip of last 3-6 months, ITR or Form 16, 6 month bank statement |
| Income Proof for Self Emp | IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years |
Last Updated on 2020-06-01T06:59:20+00:00
You can simply pay the loan payment through EMI using NEFT services. You can simply transfer the EMI amount from your bank account by giving the details of the loan to your bank, which will pay the EMI amount itself every month.
You can either pay EMI using post-dated cheques or use the NACH facility. You can also issue a standing instruction to debit your RBL Bank account as a repayment of your loan.
You can fill the loan status form of RBL Bank and will get the details of your loan application directly on phone. Besides this, you can also visit the nearby branch of RBL Bank to know the details.
