|Loan amount||Up to Rs. 20 Lakhs|
|Rate of interest||14% - 23% p.a.|
|Tenure||Up to 60 months|
|Lowest EMI possible||Rs. 2,327 Per Lakh|
|Processing fee||Up to 4% of the loan amount|
Here are some attractive features and benefits of RBL Personal Loans that make them different:
RBL Bank Personal Loans involve the following charges:
|Types of Charges||Quantum|
|Late EMI payment charges||Additional interest of 2% per month on overdue EMI amount|
|Issuance of duplicate interest & principal certificate||Rs. 250|
|Charges for cheque swapping||Rs. 250|
|Bounce cheque charges||Rs. 250|
|Charges for generating CIBIL report||Rs. 50|
|Loan foreclosure Charges|
Here are some important reasons why you should be applying for RBL Bank Personal Loan:
The following Personal Loan eligibility criteria must be met before applying for the RBL Bank Personal Loan:
The following documents are required when a user applies for an RBL Bank Personal loan online or offline:
The RBL Personal Loan EMI amount can be calculated using the MyMoneyMantra's online Personal Loan EMI Calculator. The EMI Calculator lets you set parameters such as the loan amount, tenure, and interest rate to know your monthly EMI outflow. There are several factors which influence the EMI amount, such as:
Documents verification is not required for an existing RBL Bank customer. They may get a pre-approved offer and attractive interest rate. On approval, the loan amount is directly transferred to their RBL Bank account instantly.
For non-RBL Bank customer, the bank follows the below-mentioned simple process to verify their details for personal loan:
You can call the RBL Customer Care if you have any doubts or simply want to check if you are eligible for the loan on the numbers mentioned below:
1800 123 8040 and +91 22 61156300.
You can also email them at email@example.com for any queries that you may have.
Corporate Office Address
RBL Bank Ltd.
One Indiabulls Centre, Tower 2B , 6th Floor,
841, Senapati Bapat Marg, Lower Parel (W),
Mumbai - 400013, India.
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You can borrow anywhere between Rs. 1 Lakh to Rs. 20 Lakhs as loan amount depending on your eligibility criteria. The Personal Loan eligibility is analysed on the basis of your repayment capacity, financial documents submitted by you, and loan amount limit for your respective location.
RBL Bank lets you repay conveniently within the tenure of 12 to 60 months.
The RBL Bank Personal Loan can be repaid in easy EMIs through ECS facility, Post Dated Cheques, or Standing Instruction methods.
Yes, you can club the income of your regular salaried spouse with your income to be eligible for a higher loan amount.
The Bank typically updates you about their loan sanction decision in approx. 10 working days from the date of receiving the completed application form and required documents.
No. RBL Bank Personal loan is an unsecured loan for which you do not need to offer any collateral or security.
Yes, you will have to pay a processing fee of up to 4% of the sanctioned loan amount plus applicable taxes to procure RBL Bank Personal Loan.
Yes, you can prepay your Personal Loan after completing 12 EMIs without any default. Te charges for the same are 3% to 5% of the principal outstanding (depending on the tenure remaining).