RBL Bank Personal Loan

RBL Bank is one of the leading private sector banks in the country, providing its services to over 12 million customers. Among the services offered are loans, with the personal loan being one of the more popular products. 

With this loan, you can manage your unexpected and planned financial expenses at attractive personal loan interest rates from 14% onwards. To know how a personal loan from RBL Bank can help you address your financial requirements, read on.

The RBL Bank Personal Loan is a good choice for a variety of uses, as you can borrow up to ₹20 Lakhs without pledging collateral. Here are the other key details about it to note.

Disclaimer: The details mentioned are subject to change at the lender’s discretion.

RBL Bank Personal Loan interest rates are affordable and can help you meet your financial needs efficiently. For loan amounts of up to ₹20 Lakhs, the RBL Bank Personal Loan interest rate starts from 14.00% per annum onwards, with a maximum repayment tenure of up to 5 years. 

The RBL Bank Personal Loan has varying interest rates depending on your net monthly income, chosen tenure and credit history. You may also get added benefits if you are an existing customer of RBL Bank.

Check the table for a brief overview of the RBL Bank personal interest rates and how these change for self-employed and salaried professionals.

1. For Salaried Individuals Availing a Loan Amount of Less Than ₹5 Lakhs

2. For Salaried Individuals Availing a Loan Amount of More Than or Equal to ₹5 Lakhs

3. For Self-Employed Individuals

Disclaimer: The loan amounts and RBL Bank Personal Loan interest rates mentioned above may change from time to time based on the financial institution’s policies. 

Disclaimer: The details mentioned are subject to change at the lender’s discretion.

The following table shows EMI options, interest rates levied, and the total repayment amount of an RBL Bank Personal Loan.

Disclaimer: The prescribed loan amounts and interest rate levied may change from time to time based on the financial institution’s policies. 

Some of the significant features of a personal loan from RBL Bank include the following:

• Flexible repayment tenure options ranging from 12 months to 60 months

• No requirement to pledge any security or collateral

• Simple and quick documentation process

• Quick loan approvals and faster disbursement period

• Attractive interest rates ranging from 14-23%

• Doorstep service available

To check your RBL Bank Personal Loan eligibility, the institution sets a few criteria and norms. Here are some of them:

• You need to have a minimum net monthly income of ₹40,000

• You must be at least 25 years old to apply for an RBL Bank Personal Loan

• You must not exceed 60 years by the time of loan maturity

• You need to have a total work experience of 3 years and 1 year of employment experience with the current employer

• You need to have a minimum CIBIL score of 750

There are a few essential documents to submit when applying for an RBL Bank Personal Loan. Here they are:

1. Completed application form with your latest passport-size photograph

2. KYC documents

• Proof of address documents such as an Aadhaar card, Passport, Utility bills (any one)

• Identity proof documents such as an Aadhaar card, Voters ID card, PAN card, Passport, Driving licence (any one)

3. Documents About Income

• Latest salary certificate or salary slip for the last two months

• Statement of salary account for the last three months

Applying for an RBL Bank loan is quite simple and hassle-free. You can apply via two methods if you meet the RBL Bank Personal Loan eligibility parameters. They are as follows:

1. Applying Through the Online Method

This is the fastest and easiest way to apply for an RBL Bank Personal Loan. Here it goes:

• Visit the official website of RBL Bank

• Fill in the application form with the required information

• Provide necessary documents

• Wait for the bank executive to contact you for the KYC formalities

2. Applying Through the Offline Method

You may visit your nearest RBL Bank branch, and the bank executives will help you through the application process. So, when availing an RBL Bank Personal Loan, apply online/offline and address your financial emergencies quickly.

You can contact the customer care team at +91 22 6115 6300 for all your banking queries. Alternatively, you can email the team at customercare@rblbank.com. 

While you have a diverse range of credit facilities, an RBL Bank Personal Loan is one of the most affordable products. It offers an easy, seamless, hassle-free process along with flexible repayment tenures and attractive interest rates.

To know more about its benefits and other processes, visit the official RBL Bank web page.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.