- With RBL Bank consumers can avail personal loans at attractive interest rates to meet different financial needs.
- Consumers who apply via Paisabazaar can experience an easy online loan process and end-to-end expert assistance.
- RBL Bank personal loans have a simple and easy documentation process and require no security or collateral.
- These personal loans can be repaid over a flexible tenure with affordable EMI options.
- RBL Bank personal loans come with zero hidden charges and have a hassle-free loan sanction and disbursal process.
RBL Personal Loan
RBL Bank Personal Loan is offered @ 18% p.a. for loan amounts of up to Rs 5 lakh and for tenures of up to 3 years. It offers pre-approved personal loans to select RBL customers and instant personal loan approval to other applicants meeting the eligibility criteria of the bank. Read on to know more about RBL Bank Personal Loan.
Easy Online Application
Simple and Quick Documentation
End-to-End Expert Assistance
Hassle-free Approval and Disbursal

4.5/5
15.6L Reviews
5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed

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₹
1,000*
on Loan Disbursal
Valid till 31st May '26
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Instant Personal Loan
Get up to ₹50 Lakhs starting at 9.98%
4.5/5
15.6L Reviews
5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
Easy Online Application
Simple and Quick Documentation
End-to-End Expert Assistance
Hassle-free Approval and Disbursal
Calculate Your Personal Loan EMI
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Principal Amount₹0
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Pre-approved Offers with Instant Disbursals
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End-to-End Digital Process
How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
Apply Now
About RBL Bank Personal Loan
RBL Bank Personal Loan Highlights
| Interest rate |
18% p.a.
|
| Loan Amount | Rs 30,000-Rs 5 lakh |
| Tenure | 1-3 years |
| Processing Fees | Up to 2% of the loan amount |
| Minimum Monthly Salary | Rs 40,000 |
RBL Bank Personal Loan Interest Rate
RBL Bank offers personal loan at an interest rate of 18% p.a. The lender has not mentioned its differential interest rates. However, the lender may consider factors such as credit score, employer’s profile, repayment capacity, job profile and minimum monthly income of its applicants while setting its personal loan interest rates.
RBL Bank Personal Loan Processing Fees and Charges
| Processing Fee | Up to 2% of loan amount |
| Prepayment/Foreclosure Charges | Between 13 to 18 months: 5% of outstanding principalAfter 18 months: 3% of outstanding principal
After 12 regular EMIs: NIL |
| Overdue Interest | 2% per month of overdue amount |
| Issue of Duplicate Interest and Principal Certificate | Rs 250 |
| Cheque Bounce Charges | Rs 250 |
| Cheque swap charges | Rs 250 |
| CIBIL Charges | Rs 50 |
| Convenience Charges | Rs 999 |
Know more about personal loan processing fees charged by other lenders
Eligibility Criteria for RBL Bank Personal Loan
RBL Bank may also check credit score, job profile and employer’s profile of its applicants, just like other lenders do while evaluating their personal loan eligibility.
Documents Required for RBL Bank Personal Loan
How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
Apply Now
Explore Our Personal Loan Lenders
FAQs
How long does it take for RBL Bank to approve personal loans?
RBL Bank claims to approve the personal loan in a single day from the date of receipt provided the applicant submits the complete application form along with the required documents.
Who can be the co-applicant to my personal loan availed from RBL Bank?
Your family member (spouse and children) can be your co-applicant to personal loans.
How can the applicants repay their personal loans availed from RBL Bank?
The applicants can repay their personal loans through NACH facility, standing instruction to debit from your RBL Bank account or through post-dated cheques with your EMI account.
What are the main reasons of personal loan rejection by RBL Bank?
RBL Bank has stated poor credit score and unstable income as the most common reasons for personal loan rejection. The applicants having minimum monthly income of Rs 40,000 are eligible for personal loans. Also, if the applicant works in a company that has been delisted by the bank, the loan application will be rejected by RBL Bank.
Personal Loan Articles
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