RBL Bank Personal Loan

With affordable interest rates, RBL Bank offers personal loans. Additionally, RBL Bank provides paperless digital loan processing along with online, quick personal loan. RBL Bank with interest rates starting at 17.50 - 26.0% onwards. A maximum loan from Rs 1lacs to 20 lacs with a maximum 1 to 5 year repayment period is available to you.

Interest Rate 17.50 - 26.0% onwards
Maximum Loan Rs 1lacs to 20 lacs
Processing Fees 3.50%
Maximum Loan Tenure 1 to 5 year

Loan Disbursal in 3 hrs*
100% Online Process

A Four-Step Guide to Efficient Financing

1
Complete Your Basic Details
2
Check Your Soft Eligibilty
3
Complete Your Details
4
Get Disbursal in account



RBL Bank Personal Loan EMI Calculator

Amount

Tenure

% Interest

Principal

Interest

Total Payable

Documents Required for RBL Bank Personal Loan 

Important paperwork must be completed when requesting personal loans from RBL Bank.


  • The loan application is finished

  • Three passport-size photos

  • Identification documents with photos, such as a voter ID card, passport, driver's licence, or IT PAN card

  • A photocopy of a recent phone bill or an electricity bill is proof of residence.

  • Passbook and Account Statements for the Previous Six Months

  • For the past two fiscal years, salaried employees' Form 16/IT returns

  • IT returns over the past three years for independent contractors


The private sector bank RBL Bank is one of those expanding quickly in India. Currently, it provides services to over two million customers via a network of 237 branches and 375 ATMs dispersed over 16 Indian states and Union Territories.


The World Economic Forum has designated RBL Bank as a "Global Growth Company" (GCC). The Bank was recognised as "India's Best Bank (Growth)" in the "Small-Sized Bank Segment" by Business Today-KPMG Best Bank Study for five years in a row (2012–16).


RBL Bank Personal Loans are offered at 17.50% p.a. for loan amounts up to Rs. 20 lakh and terms up to 5 years. Select RBL customers can get pre-approved personal loans from it, and all other applicants who meet the bank's eligibility requirements can get their personal loan applications accepted quickly.

Feature and Benefit of RBL Bank Personal Loan 

People who are paid a RBL Bank Personal Loan apply without any hesitation. Following are a few aspects of the RBL personal loan:


  • There is a range of loan amounts available, from one lakh to twenty lakh rupees.

  • In order to make it easier for the general public to repay the loan, the payback time might be prolonged by up to 60 months.

  • Low APRs are available for personal loans at RBL Bank.

  • No collateral security or guarantee is required by the bank.

  • An uncomplicated and rapid loan application process is provided.

  • A monthly compounded interest rate on a declining basis, ranging from 15.50% to 23%, is charged by the bank.

  • By combining your income with that of your spouse, you may be eligible for a larger loan.


    Process of RBL Bank Personal Loan Apply Online 

    These methods can be used by customers to apply for a personal loan from RBL Bank online.


      • Visit the official website Fincrif.com .

      • Firstly , login with your name and number .

      • Then fulfill your employment type.

      • Verify OTP.

      • Upload all the documents and submit .

      • Last , you will get a call from the Fincrif team and help you to proceed next.


    Frequently Asked Questions ( FAQ ) 

    1. What is the turnaround time for RBL Bank's approval of personal loans?

    ANS. If the applicant delivers the whole application form along with all necessary papers, RBL Bank promises to authorise the personal loan in just one day after it has been received.

    1. Who is eligible to apply as a co-applicant for my RBL Bank personal loan?

    ANS.  Co-applicants for personal loans may include members of your family (spouse and kids).

    1. What options do the applicants have for repaying their RBL Bank personal loans?

    ANS. The borrowers can repay their personal loans using the NACH service, a standing order to debit from their RBL Bank account, or post-dated checks with their EMI account.

Eligibility Criteria for RBL Bank Personal Loan 

You can apply for a personal loan, once you meet the RBL Bank Personal Loan eligibility: 


  • At least RS. 25,000 per month in net income is required.

  • The applicant's age should not be less than 25.

  • The applicant's age should not be more than 60.

  • 1 year or more at the present job's minimum in the workplace

  • Experience working for 3 years overall


Fees and Charges of RBL Bank Personal Loan 

Processing FeesUp to 4% of the total loan amount
Cheque bounce chargesRs. 250 per instance
Foreclosure chargesNot allowed before 12 EMI payments have been completed.

5% of principal outstanding for foreclosure between 13-18 months

3% of principal outstanding for foreclosure beyond 18 months
Convenience chargesRs. 999




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