Are you looking for a personal loan? In this article, we have prepared a list of all the information you need to know about RBL Personal Loan, including what it is and how to apply for one.
If you need a quick and easy loan, consider using an RBL Personal Loan. These types of loans are typically available to those with good credit scores and stable job histories. Eligibility for an RBL Personal Loan is typically based on your income, assets, and debt-to-income ratio. Interest rates for RBL Personal Loans can be high, but they’re often more affordable than other types of loans. If you’re interested in finding out if you qualify for an RBL Personal Loan, be sure to speak to an authorized lender today.
RBL Personal Loan Highlights
| Interest Rate | Starting from14% p.a. |
| Loan Amount | up to Rs. 20 lakhs |
| Loan Tenure | up to 60 months |
| Processing Fee | 3.5% of the loan amount |
RBL Personal Loan
RBL Personal Loan is an unsecured loan that can be used for a variety of purposes, including emergencies, home improvements, and travel. The interest rate for RBL Personal Loan generally ranges from 14% p.a. to 23% p.a. You can take an amount up to Rs 20 lakh and the repayment period is up to 60 months. To qualify for RBL Personal Loan, you must have a good credit score and meet certain income requirements.
RBL Personal Loan Interest Rates
The RBL Personal Loan is a great option for people who need a short-term loan to cover an emergency expense. The interest rate of this loan ranges from 14% p.a. to 23% p.a. This interest rate is decided based on the applicant’s income, credit score and loan tenure. If the applicant is an existing customer of the bank then he/she can avail loan at an attractive interest rate.
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RBL Personal Loan EMI Calculator
Borrowers need to know their EMI payments to budget for them and make sure that they are comfortable with the amount. This RBL Personal Loan EMI Calculator can help borrowers figure out their monthly payments and how much they will be spending throughout the loan.
Types of RBL Personal Loan
There are many types of RBL personal loans available to help people with their everyday expenses. Some of the most common types of RBL personal loans are:
- Marriage: Are you considering a personal loan to help finance your wedding? RBL offer personal loans for weddings in a range of options to fit your needs.
- Home furnishing: If you are looking for a way to get a personal loan for home furnishing, RBL is perfect for you. They offer high-quality loans that are designed to help people with structural repairs, interior works, renovation and the purchase of the home furniture they have always wanted. With a personal loan from RBL, you can enjoy a hassle-free process and receive a loan that meets your specific needs.
- Medica: If you need a personal loan for medical expenses, then RBL can help. RBL offer a wide range of personal loans for medical purposes, and loans are available in almost all Indian cities
- Education: If you are looking for a personal loan for education, you should consider RBL. They offer low-interest loans that are perfect for students who need to finance their education. Their loan products also have flexible terms and easy repayment options.
- Holiday: RBL Personal Loan for Holiday is the perfect solution for those who need quick and easy cash for their holiday expenses. With RBL Personal Loan, you can get the money you need without any hassle or long waiting periods.
RBL Personal Loan Eligibility
If you want to apply for a personal loan, you need to meet the eligibility requirements. RBL offers loans to borrowers who meet the following criteria:
| Age | Between 25 to 60 years of retirement age |
| Nationality | India |
| Income | Minimum Rs. 40,000 per month |
| Work Experience | Total 3 years of experience. minimum 1 year at current employment. |
| Credit Score | Above 750 |
RBL Personal Loan Documents Required
here are some documents that you will need to provide. Below is a list of the most important documents that you will need to submit with your application;
- Your completed loan application.
- Proof of identity: Aadhaar card, valid passport, or state-issued ID card.
- Age Proof: Pan Card, Driving License.
- Proof of Address: Utility Bill (Electricity / Telephone) Driving License, Valid Passport.
- Bank statement: Latest 3 months’ Salary Credit Bank Statements.
- Salary Slip: Latest 1 salary slip for less than 7.5 Lacs and 2 latest salary slip for more than 7.5 Lacs.
RBL Personal Loan Features & Benefits
RBL Personal Loans are a great way to get the money you need fast, and with a few simple features, you can make your loan process even easier. Here are some of the best features & Benefits of RBL personal loans:
- Low-interest rates: The average interest rate on RBL personal loans is around 14%. This is lower than the average interest rate on other types of personal loans, making them an attractive option for borrowers who are looking for a low-cost way to finance their needs.
- Loan Amount: You can take a maximum amount up to Rs 20 lakh. However, if you need less money then the bank also offers a personal loan of a minimum of Rs 1 lakh.
- Flexible repayment options: RBL offer a repayment option of 12 to 60 months. This means that you can easily afford your loan without having to worry about it for a long time. You can choose how much money you want to repay every month.
- Easy online application process: The application process for RBL Personal Loan is easy and straightforward. You can apply online using the bank’s secure website.
- No collateral: No security or collateral is required to take a personal loan from RBL Bank.
- Convenient online payment options: You can easily pay your RBL personal loan using your regular bank account or debit card. Plus, there is never any interest or added fees when you pay your loan using this method.
RBL Personal Loan Apply Online
If you want to apply for a loan from RBL, the easiest way to do it is online. The process is simple and takes just a few minutes to complete. Here’s how:
- Step 1: Go to the RBL bank website and enter your details including your name, address, phone number and email address. You will need to provide your bank account details as well.n
- Step 2:Once you have entered all of your information, click on the ‘Apply Now’ button. This will take you to the application form where you will need to provide some more details about your loan application.n
- Step 3:After filling in all of the required information, click on the ‘Submit’ button to submit your application. You will receive an email notification once your application has been processed and you can expect to receive your Loan within 24 hours.
RBL Personal Loan Customer Care
If you have any questions about your RBL Personal Loan, don’t hesitate to contact the customer care team. They are available 24/7 to help you with whatever your need may be. You can also visit the RBL website for more information about the personal loan product.
| Customer care numbers | +91 22 6115 6300 |
| Email address | customercare@rblbank.com |
| office address | RBL Bank Ltd. Mahavir, Shri Shahu Market Yard Kolhapur – 416005 Maharashtra State, India |
Read Also – ICICI Bank Gold Loan
Conclusion
If you’re looking for a fast and easy way to get the money you need, then check out RBL Personal Loan. With a quick and easy application process, you’ll be approved in no time at all. Plus, flexible terms ensure that you can always afford to pay back your loan. So what are you waiting for? Apply now!
FAQs
Q. What are the interest rates?
Ans. The interest rates vary depending on the loan amount and duration, but they generally range from 14% p.a. to 23% p.a.
Q. What is the repayment period?
Ans. The repayment period can be anywhere from 12 months to 60 years. You will have to decide what works best for you and your financial situation.
Q. Can I get a personal loan with bad credit?
Ans. Yes, you can! However, the interest rate may be higher than normal.
