Looking for a personal loan to meet your financial needs? You can now avail RBL personal loan! Manage your unexpected cash crush with low interest rates starting at 14% p.a. You can borrow up to Rs. 20 lakhs with a flexible repayment tenure extending to 60 months.
Online RBL Personal Loan Details
Interest rate, loan tenure, processing fee, etc. are important factors that you must consider prior to your loan application. Check out the highlights of the RBL bank’s instant personal loan in the table given below.
| Interest rate | Starting at 14% p.a. |
| Loan Amount | Up to ₹20 lakhs |
| Tenure | Up to 5 years |
| Minimum Salary | ₹40,000 per month |
RBL Personal Loan Interest Rates & Charges
RBL Bank offers interest rate starting from 14% p.a. Individuals with high credit score and strong financial portfolio usually qualify for lower interest rates. and ones with lower credit score qualify for a higher interest rates. The rates also depend on other factors, like the borrower’s income and loan tenure. Existing customers of RBL Bank may enjoy a lower interest than non-customers do.
| RBL Bank Interest Rates | 14% p.a. onwards |
| Processing Fee | Up to 3.5% of the loan amount |
| Overdue interest | 2% p.m. of the overdue amount |
RBL Personal Loan EMI Calculation
Calculate your monthly EMI and manage your loan repayments for an RBL Bank personal loan, use this EMI calculator. Get instant results by entering the loan amount, interest rate, and loan tenure. Take control of your funds and manage them successfully.
Your Amortization Schedule (Yearly/Monthly)
RBL bank determines eligibility for personal loans based on a set of criteria. It estimates the eligibility by taking into consideration variables including income, monthly costs, and current financial commitments (including loans, EMIs, and credit card dues).
| Factors | General Eligibility Criteria |
|---|---|
| Age | 25 yrs to 60 yrs |
| Annual Income | Minimum ₹40,000 per month |
| Work Experience | Minimum 1 years completed at the current organization and 3 years of total employment. |
RBL Personal Loan Documents Required
You must submit all the required documents for verification in order for the application process to go smoothly. The following documents are needed to apply for a personal loan with RBL Bank:
Duly signed application form
Coloured photograph of applicant
KYC documents (PAN Card, Aadhaar, Passport, Driving License, Utility bill, etc)
Salary slip (1 latest slip for loan under ₹7.5 lakhs, 2 latest slips for loan higher than ₹7.5 lakhs)
Comparison of RBL Personal Loan Vs Other Banks
Here is a table showing the comparison of RBL Personal Loan rates with other banks:
| Lender | Interest Rates | Processing Fees |
|---|---|---|
| RBL Bank | 14% onwards | Up to 3.5% |
| Punjab National Bank | 10.40% onwards | Up to 1% |
| HDFC Bank | 11.00% onwards | Up to 2.50% |
| ICICI Bank | 10.75% onwards | Up to 2.50% |
| Citibank | 9.99% p.a. To 16.49% p.a. | 0.25% to 3.00% |
| Axis Bank | 10.25% onwards | 1.5% to 2% |
| IndusInd Bank | 11.00% | 2.5% onwards |
| Yes Bank | 10.99% per annum onwards | 2.50% (onetime fee) |
| Shriram City | 11.49% p.a. To 23% p.a. | 2.50% |
Note- The interest rates mentioned are subject to change. Do visit the website for more information.
Features & Benefits of RBL Personal Loan
RBL personal loans offer the following exclusive features and benefits:
Types of Loans Offered by RBL Bank
RBL Bank offers a diverse selection of personal loans to cater to your specific financial needs. Explore our range of options, including loans for medical expenses, weddings, education, home furnishing, and holidays.
Personal Loan for Medical Expenses: Secure the RBL personal loan instantly to cover urgent medical bills and healthcare expenses.
Personal Loan for Weddings: Transform your dream wedding into reality with RBL personal loan and finance all wedding-related costs like venues, decorations, and catering.
Personal Loan for Education: Invest in your future and achieve academic goals by funding education expenses, including tuition fees and educational materials.
Personal Loan for Home Furnishing: Enhance the comfort and style of your home by availing a personal loan to purchase furniture, decor, and appliances.
Personal Loan for Holiday: Embark on your dream vacation by securing an RBL personal loan designed to cover travel expenses, including flights, accommodations, and exploration.
Explore and apply for the loan of your choice with BuddyLoan from the links provided below:
4 Easy Steps to Apply for RBL Personal Loan with Buddy Loan
Here’s the step-by-step process you can follow to apply for RBL personal loan on Buddy Loan:
Step 1 – Visit buddyloan.com or download the Buddy Loan app and compare features.
Step 2 – Fill out the application form, including the loan amount, the tenure in months, and contact details.
Step 3 – Fill out the following personal details where required:
- Email Address
- Employment Type : Salaried/ Self-Employed
- Company Type
- Industry Type
- Current Company Name
- Company Address
- Year of Employment
- Net Income
- Mode of Salary
- PAN Card Details
- Full Name (As Per Pan Card)
- Current Address with PIN Code
- Mobile Number
Step 4 – Cross verify the given information and submit the application.
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Get Personal Loan Online Up to ₹15 Lakhs
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