RBL Bank offers personal loans to meet personal financial requirements of salaried individuals to deal with expenditures related to wedding, medical emergency, home renovation, vacations, etc. The loan amount of RBL Bank starts from Rs. 1 lakh and goes up to Rs. 20 lakh and can be repaid within tenure ranging from 12 to 60 months. The interest rate on personal loans offered by RBL Bank starts from 12% p.a. and the online application process makes availing this unsecured loan easy.
Eligibility Criteria for RBL Bank Personal Loan
- You should be a salaried individual
- Your minimum monthly income should be Rs. 20,000 (Rs.25,000 for residents of New Delhi and Mumbai)
- You should be at least 25 years at the time of loan sanction and your maximum age should be less than 60 at the time of loan maturity
- You should have a minimum experience of at least 1 year along with 3 years of total employment experience
Documents Required for Loan Application
- Application form duly signed along with the coloured photograph of the applicant
- KYC Documents: PAN (mandatory), Aadhaar Card, Voter ID Card,
- Age and Identity Proof: Aadhaar Card, Driving License, Passport, Voter ID Card
- Address Proof (any one): Voter ID Card, Aadhaar Card, Passport, Driving License, Utility Bill (Telephone/Electricity/Mobile- not more than 60 days old)
- Income proof: Last 3 months’ salary credit bank statements, salary slips
|For loan < 7.5 Lacs||Latest 1 month’s Salary Slip|
|For loan > 7.5 Lacs||Latest 2 months’ Salary Slips|
Process to Apply for RBL Bank Personal Loan Online
Here is the step-to-step guide to apply for RBL Bank personal loan online:
Step 1: Visit the official page of RBL Bank Personal Loan
Step 2: Click ‘Apply Now’
Step 3: Now you will redirected to new page. Enter your mobile number.
Step 4: Now enter the details required such as Name, Income details, PAN, etc. and proceed further to apply for RBL Bank personal loan online.
Step 5: After successful applying on the portal, you will receive notification on your registered mobile number and email ID.
How to Apply for RBL Bank Personal Loan Offline?
You can visit the nearest branch of RBL Bank and fill out and submit the filled out along with applicable documents. The complete list of branches and their contact details are available on the bank website.
Process to apply for RBL Bank Personal Loan at Paisabazaar.com
Follow the below mentioned steps to successfully apply for RBL Bank Personal Loan with Paisabazaar:
- Get to know the available personal loan offers as per your eligibility criteria by visiting Paisabazaar and filling out a form
- You will be redirected to a page with ideal bank options as per the chances of approval
- Either select a lender from the list offered to call Paisabazaar for further assistance
- Complete and submit the application form to process your loan application
Benefits of applying for Personal Loan at RBL Bank
Here are some of the important benefits of applying personal loan at RBL Bank:
- Loan amount: Ensuring that you are able to handle all your personal problems without any inconvenience, RBL Bank offers personal loan up to Rs. 20 lakh
- Flexible tenure: RBL Bank has convenient loan repayment option from 12 to 60 months, making it flexible for the loan applicants to repay the loan
- Quick documentation: The documentation process to apply for RBL Bank personal loan is simple and involves submitting minimum documents
- Hassle- free loan sanction: Once you have submitted all the required documents and your loan is approved, the loan amount is quickly disbursed to your account without any hassle
Q1. What is the interest rate of RBL Bank Personal Loan?
The interest rate of RBL Bank personal loan starts from 12% p.a.
Q2. What is the processing fee of RBL Bank Personal Loan?
The processing fee of RBL Bank Personal Loan is up to 4% of the loan amount as one-time processing fee.
Q3. How can I repay my personal loan?
You can repay your personal loan through NACH facility, standing instructions or through post-dated cheques.
Q4. What is the customer care number of RBL Bank?
Customers can reach out to customer care team simply by calling (+91)22-6115-6300 or 1800-120-616161.
Q5. How much time would it take for my personal loan to get approved?
You will get an update about the RBL personal loan approval decision within 10 days from the date of receipt of completed application form along with all the necessary documents.