How to get RBL Bank Personal Loan, Apply, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.
If you want to get Instant Personal Loan from RBL Bank then this article is for you. In this article, we will know what is personal loan, up to how much loan amount we can take personal loan from RBL Bank, interest rate on this loan, what documents we have to submit to apply for RBL instant personal loan and its What is the eligibility for etc. To get all this information, you read this article till the end.
RBL Bank Personal Loan 2024
Before taking a personal loan from any bank, it is very important for us to know what is a personal loan. When we are in dire need of money for any personal work such as wedding expenses, education, home repairs, medical expenses, to travel somewhere, the bank loan we take at that time. Personal loan from RBL Bank, you can take a personal loan up to Rs 20 lakh, which is a huge loan amount. You can apply for RBL Bank Instant Personal Loan both online and offline.
The processing fee charged on RBL Bank personal loan is up to 3.5%. RBL Bank personal loan interest rate starts from 14%. The bank provides loans at low interest rates to those who are existing customers of RBL Bank and who have good CIBIL score . As you would know that personal loan of friends is an unsecured loan . You do not have to give any kind of collateral or security while taking this loan from the bank. The bank provides this loan to you on the basis of your good CIBIL score.
RBL instant personal loan Overview
- Loan Name : RBL Bank Personal Loan
- Lending Bank : RBL Bank
- Loan amount: 1 lakh to 20 lakh rupees
- Interest Rate: Starting from 14% p.a.
- Time to repay the loan: 12 to 60 months
- Processing Fee : Up to 3.5% of the sanctioned loan amount
- Official Website : rblbank.com
For what purposes can we take a personal loan?
We can take personal loan for any of our personal work. Below are some of the reasons for which we can apply for this loan:
- Wedding : As you know that in our country, marriage is a grand event and it costs a lot. There are many expenses for the purchase of jewellery, booking the venue, etc. for various types of payments in the wedding. In this situation you are in dire need of money.
- Home Furnishing : You can take RBL Bank Personal Loan to buy or repair your dream home. This personal loan is specially designed to suit the needs of homeowners who wish to do structural repairs, interior works, renovations and any other improvements to their home. You can take away all your worries about paying a contractor, buying materials or even hiring an interior designer by taking this personal loan.
- Education : The education of our children is very important for us. Sometimes paying for college can be a costly affair, especially if your child is going to study abroad. In this situation, you can take advantage of RBL Bank Personal Loan to meet your financial needs.
- Medical : You can take RBL Bank Personal Loan to meet your medical expenses at the time of need.
- Holiday : If you are thinking of taking a holiday somewhere outside but you are short of money because money is needed for travel, flight tickets, accommodation, shopping and all other expenses. In this situation you can take advantage of RBL Bank instant personal loan.
RBL Instant personal loan Amount
Before taking a personal loan from RBL Bank, it is very important for us to know that up to how much loan amount this bank is providing us. Under RBL Bank Personal Loan, you can get a personal loan from Rs 1 lakh to Rs 20 lakh.
RBL Bank Personal Loan Interest Rate 2024
The interest rate of this bank starting from 14% per annum. Before taking a personal loan, we need to know about Personal Loan Interest Rate 2024 . If you can apply for that loan without knowing the interest rate of the loan, then you may have to face difficulties at the time of repayment of the loan, so whenever you apply for the loan, first of all you have to get that loan properly. It is important to know about the interest rate.
Personal Loan Tenure in RBL Bank and Payment Option
Now let’s talk about how much time you get to repay RBL Bank Personal Loan. The bank gives you 12 months to 60 months to repay this loan, which is quite good. You can pay off your personal loan through easy Equated Monthly Installments (EMIs). You can determine your EMI by using EMI calculator. You have to pay this EMI every month. You can either pay using post-dated cheques or use the NACH facility. You can also issue a standing instruction to debit your RBL Bank account as a repayment of your loan.
Personal Loan Fees & Charges
On taking a personal loan from this bank, you have to pay some Fees & Charges, about which you can know here. At RBL Bank, we give you flexible options to repay your loan. Apart from the interest rate, this bank also charges you a nominal fee.
This fee is as follows:
Processing fee: This bank charges a processing fee of up to 3.5% of the loan value as a one-time processing fee. If you are an existing customer of this bank then you can negotiate with the bank for less processing fee.
Prepayment/Foreclosure Charges: This bank allows you to prepayment only after one year of the first EMI. If you want to prepay or foreclose your loan between 13 to 18 months, the bank charges 5% of your outstanding principal. If the payment is made after 18 months, you will have to pay a fee of 3% of your outstanding principal to the bank. If any prepayment or foreclosure is done using own funds after 12 regular EMIs, the bank does not charge any charges.
Overdue interest : If you forget or fail to pay your EMI on time, the bank charges 2% per month of the overdue amount.
Benefits and Features of RBL Bank Personal Loan
- Any eligible person can apply for personal loan from RBL Bank.
- You can take personal loan from 1 lakh to 20 lakh rupees from this bank.
- This bank gives you 12 months to 60 months to pay back the loan.
- No security or collateral is required to avail this personal loan.
- You can take this loan in simplified and less documentation.
- The interest rates for this personal loan start from 14%.
- Personal loan is a great way to improve your credit score. If your credit score is running low because you are using the maximum credit card, you can take a personal loan, pay off your credit card debt and pay off the loan in five years. This improves your credit score instantly.
- If you have multiple credit cards and are in debt, a personal loan is a convenient way to consolidate your debt. You can take a loan to pay off your debt and repay only one loan.
- If there is a marriage or an accident in the family, you can pay off the expenses almost instantly with a personal loan. These are short term loans and will not affect your long term financial goals.
- You can take a personal loan for home furnishing, marriage, education, medical, holiday etc.
- You must have a good credit score to avail RBL Bank Personal Loan. The better your credit score, the less time you can get your loan approved.
- You can apply for RBL Bank personal loan both online and offline.
- You can use the EMI calculator to determine your EMI and repay your loan in easy installments.
RBL Bank Personal Loan Eligibility
You can apply for this personal loan only if you have the following eligibility. The eligibility for this loan is as follows:
- To take a personal loan from RBL Bank, you should check your eligibility. If you are found eligible then after that you can apply for this loan.
- Applicant should have minimum monthly income of Rs.40,000/- per month.
- The applicant should be at least 25 years of age at the time of loan sanction. And the maximum age on loan maturity should be less than 60 years.
- Must have at least 1 year of work experience in current employment and 3 years of total employment experience.
- Your credit score should be good.
RBL Personal Loan Documents Required
To take a personal loan from RBL Bank, you have to provide some documents which are as follows:
- Duly signed application form with color photograph of the applicant
- KYC (PAN Card, Proof of Identity and Age Proof – Any [like Aadhar, Passport, Valid Driving License, Voter ID Card], Proof of Address – Any [Aadhaar, Voter ID, Valid Driving License, Valid Passport, Utility Bill (Electricity / Telephone / Mobile – not more than 60 days old)]
- Latest 3 Months Salary Credit Bank Statement
- Salary Slip – For Loans < 7.5 Lakhs: Latest 1 Salary Slip; Loan For > 7.5 Lakh: Latest 2 Salary Slip
RBL Personal Loan Apply
By now friends, you must have received a lot of information about the personal loan of this bank. Now if you want to apply for this loan, then follow the steps given below.
You can apply for RBL Bank Personal Loan both online and offline.
RBL Personal Loan Online Apply
- To apply online, you have to first visit the official website of RBL bank, rblbank.com .
- On the home page of the website, you will see the option of Personal Loan , click on it.
- After clicking, a new page will open.
- After coming to the new page, you will see the option of Apply Now, click on it.
- A box will open in front of you, in which you have to enter mobile number and click on submit.
- After doing this process, the application form for personal loan will open in front of you.
- Enter your name, date of birth, gender, mode of income and repayment, email id and mobile number etc. as asked in the application form.
- After entering all the information you have to submit the form.
- Once you apply online, the bank will contact you to complete the KYC formalities.
- If you fulfill all the conditions of the bank then the loan amount will be transferred to your bank account.
How to apply offline?
- First of all you have to go to your nearest branch of RBL bank.
- By going to the bank, you have to tell the bank official that you want to apply for personal loan.
- Bank official will provide you correct information related to personal loan.
- Will provide you information about personal loan eligibility.
- If you are found eligible then you will be given a personal loan application form.
- In this form, you have to enter all the requested information correctly, attach your documents and submit it to the bank official.
- If you fulfill all the conditions of the bank, then your loan is approved in a very short time, then the loan amount is transferred to your bank account.
Now let us talk about how you can apply for this personal loan online. To apply online, follow the steps given below:
How to check RBL Personal Loan Status?
If you have applied for RBL Bank Personal Loan and you want to check the status of your application, then follow the steps given below:
- To track the status of your application, you have to first visit the official website of the bank, rblbank.com .
- The option of Loan Application Status will appear on the home page of the website, click on it.
- After clicking, a form will open in front of you.
- In this form, you have to enter your registration number, name, mobile number etc. and click on submit.
- After clicking on submit, you will get the status of your application.
RBL Bank Personal loan EMI calculator
Now it is also very important for you to know that how you can calculate your monthly installment (EMI). You can calculate the monthly installment (EMI) online by visiting the official website of RBL Bank. Apart from this, you can understand it better from the table given below:
| Loan Amount (Rs.) | Loan Tenure _ | interest rate (per annum) | EMI (Per/Rs.) |
|---|---|---|---|
| 1 Lac | 1 year 2 years 3 years 4 years 5 years | 14% | 8,979 4,801 3,418 2,733 2,327 |
| 2 lakh | 1 year 2 years 3 years 4 years 5 years | 14.5% | 18,005 9,650 6,884 5,516 4,706 |
| 5 lakh | 1 year 2 years 3 years 4 years 5 years | 14.75% | 45,070 24,184 17,272 13,852 11,829 |
| 10 lakh | 1 year 2 years 3 years 4 years 5 years | 15% | 90,258 48,487 34,665 27,831 23,790 |
How to Login to RBL Portal?
To login, first you have to visit the official website of RBL Bank, rblbank.com.
Login option will appear on the home page of the website, click on it.
After clicking, the login form will open in front of you. You can login to this portal with the help of your user ID.
RBL bank personal loan customer care number
If you are facing any kind of problem in taking the loan then you can talk to RBL Bank Personal Loan Customer Care Number. Here you are given RBL Bank personal loan customer care numbers:
- Toll-free number 24X7 – 022-61156300
- Compliance contact number – 0231-2650981
- Email: [email protected]
Conclusion:
In this article, we have provided you complete information about RBL Bank personal loan. In this we have told you how you can apply for a personal loan from RBL Bank online. If you still have any query then you can contact on RBL Bank Personal Loan Customer Care Number. Hope you find this article informative. If you liked this article then please share it with your friends.
FAQs on RBL Bank Personal Loan
What loan amount we can get personal loan from RBL Bank?
You can get personal loan from 1 lakh to 20 lakh rupees.
How to apply for RBL Personal Loan?
The complete procedure to apply for this loan is given in this article. You can apply for this loan both online and offline by reading this article.
What is RBL Bank Customer Care Number?
Toll-free number 24X7 – 022-61156300
How can I check my RBL personal loan status?
You can check the status of your loan by visiting the official website of the bank.
How can I pay off my RBL Personal Loan?
You can make your payment in monthly installments (EMI).
How do you foreclose the RBL personal loan?
If you want to close your RBL personal loan prematurely, then you have to approach the bank for this. You have to take information from the bank that how you can close your personal loan.