RBL BANK PERSONAL LOAN

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.

RBL Bank Personal Loan Highlights

RBL Bank Personal Loan Features & Benefits

• Flexible Tenure : The repayment tenure of RBL Bank Personal Loan is flexible ranging from 1 Year to 5 Years.
• Less Documentation : RBL Bank Personal Loan requires very little documentation, thus making the application process easy and a quick one.
• Loan Amount : RBL Bank provides personal loans starting from Rs. 1 Lakh up to Rs. 20 Lakhs.
• No requirement of collateral or guarantor : RBL Bank Personal Loan is an unsecured loan so you do not need to submit any collateral. or guarantor.

RBL Personal Loan Fees and Charges

The following are the key fees and charges other than interest charges applicable to a personal loan from RBL Bank:

RBL Bank Personal Loan Eligibility Criteria

In order to avail of RBL Bank Personal loan, an individual has to meet certain eligibility criteria put up by the bank. 

Documents Required for RBL Bank Personal Loan

In order to avail of RBL Personal loan, an individual has to provide certain documents required by the bank.

COMPARE OTHER BANK PERSONAL LOAN INTEREST RATE:

RBL Bank Personal Loan EMI Calculator

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

• P stands for the ‘Principal Amount’.
• R stands for the rate of interest set by the bank.
• N is the number of years for which the loan has been taken. 

How to apply for RBL Bank Personal Loan?

• Visit the official website of RBL Bank
• Now, fill personal, professional and financial details required by the bank and submit the form.
• Once you have submitted the application form, RBL Bank will check your eligibility and provide you the eligible amount you can avail.
• If you agree to process the application, then you would be required to submit the essential documents.
• Finally, your documents will be processed by RBL Bank, and on successful approval of the loan, the funds will be disbursed to your RBL Bank account immediately.

RBL Bank Personal Loan Customer Care

Contact Number - +91 22 6115 6300

Email Address - [email protected]

FAQs On RBL Bank Personal Loan

Q.1 What are the minimum and maximum personal loan amounts offered by RBL Bank?

The minimum and maximum personal loan amounts of RBL Bank Personal Loan are Rs. 1 Lakh and Rs. 20 lakhs respectively.

Q. 2 What is the tenure of RBL Bank’s personal loan?

The maximum tenure approved for repayment by RBL Bank for a personal loan is up to 5 Years.

Q. 3 What were the processing fees charged by RBL Bank’s personal loan?

RBL Bank personal loan charges processing fees are up to 4%  of the loan amount.

Q.4 What was the age required for RBL Bank’s personal loan?

The age required for salaried employees is 25 years to 60 years.