RBL Banks provides personal loans of up to Rs. 20 Lakhs to meet the requirement of Salaried Individuals. RBL Personal Loan is ideal for purposes like Weddings, Medical Expenses, Vacation, Further Education, and many more.
RBL Personal Loan is offered at 14% to 23% per annum interest rates with a repayment tenure ranging from 1 Year to 5 Years, and a processing fee of up to 4% on the loan amount is charged by the bank.
Particulars | Details |
Interest Rate | 14% - 23% per annum |
Loan Amount | Up to Rs. 20 Lakhs |
Loan Tenure | Up To 60 Months |
Processing Fee | Up to 4% of Loan Amount |
Overdue EMI Interest | 2% per month of the overdue amount |
The following are the key fees and charges other than interest charges applicable to a personal loan from RBL Bank:
TYPE | CHARGES |
Processing Fees | Up to 4% of the total loan amount |
Cheque bounce charges | Rs. 250 per instance |
Foreclosure charges
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Convenience charges | Rs. 999 |
In order to avail of RBL Bank Personal loan, an individual has to meet certain eligibility criteria put up by the bank.
CRITERIA | DETAILS |
Minimum Age | 25 Years |
Maximum Age | 60 Years |
Minimum Income | Rs. 25,000 per month |
Nationality | Indian |
Employment type | Salaried Individuals |
In order to avail of RBL Personal loan, an individual has to provide certain documents required by the bank.
ID Proof |
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Address Proof |
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Income Proof | For Salaried
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COMPARE OTHER BANK PERSONAL LOAN INTEREST RATE:
BANKS | INTEREST RATES |
AXIS Bank Personal Loan | 12% to 24% |
SBI Personal Loan | 11.30% to 16.40% |
HDFC Bank Personal loan | 10.75% to 21.50% |
Kotak Mahindra Bank Personal Loan | 10.50% to 16.99% |
Yes Bank Personal Loan | 20.00% to 22.00% |
Citi Bank Personal Loan | 10.50% to 17.99% |
ICICI Bank Personal Loan | 10.99% to 16.25% |
Standard Chartered Bank Personal Loan | 11.00% to 19.20% |
IDBI Bank Personal Loan | 12.00% to 14.00% |
RBL Bank Personal Loan | 14.00% to 23.00% |
HSBC Bank Personal Loan | 10.75% to 17.84% |
IndusInd Bank Personal Loan | 11.00% to 16.75% |
Bank of Baroda Personal Loan | 7.65% to 12.65% |
Bank of India Personal Loan | 12.15% to 14.15% |
Canara Bank Personal Loan | 12.05% onwards |
A Personal loan EMI calculator helps you to know the amount of EMIs that you need to pay towards your Personal Loan.
As a Personal loan can go from 20 - 30 years, so you have to be aware of your monthly installments in advance. For that, you can use the EMI Calculator provided by BankSathi to calculate your monthly EMIs on your Personal Loan.
The formula for the same is:
[P x R x (1+R)^N]/[(1+R)^N-1], where
Contact Number - +91 22 6115 6300
Email Address - [email protected]
The minimum and maximum personal loan amounts of RBL Bank Personal Loan are Rs. 1 Lakh and Rs. 20 lakhs respectively.
The maximum tenure approved for repayment by RBL Bank for a personal loan is up to 5 Years.
RBL Bank personal loan charges processing fees are up to 4% of the loan amount.
Know More About
You're eligible for a Rbl Bank Personal Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Personal Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
Rbl Bank Personal Loan Details | |
---|---|
Interest Rate (Monthly reducing balance) | 14% - 23% |
Processing Fees | Upto 4 % |
Loan Tenure | 1 year to 5 years |
Pre-closure Charges | Varies with bank |
Guarantor Requirement | Varies with bank |
Personal Loans EMI Calculator