Apply RBL Bank Personal Loan @ 14.5% only
                     RBL Bank Personal Loan
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Description
RBL Bank, one of the most admired banks in the country, provides
attractive Personal Loans for all individuals’ various financial
requirements at their time of financial emergencies. RBL bank Personal
loan can be availed for any genuine personal credit requirement at the
competitive rate of interest with a hassle-free loan amount
disbursement.
Why take personal loans from RBL Bank?
Unexpected situations which require urgent funds can crop up anytime in your life. Maybe it is to
pay for children's studies, medical treatment or even simply just going on a vacation. It’s important
to have a back up financial resource in order to get over the crisis and get back on your feet. A
Personal Loan could help you in such times of requirements, without the need for collateral or
guarantor. A personal loan is mainly a no-collateral, all-purpose loan, whose end-use is not
restricted. You can use the personal loan in any way you wish.
RBL Personal Loan Interest Rate & Charges 2020
General -Interest Rates 14.5% p.a. up to 23% p.a.
Loan tenure 12 to 60 months
Processing Fee 3% of the loan amount
No pre-payment permitted until repayment of 12 EMIs. 5% of Principal 
Foreclosure charges outstanding
Till 18 EMIs paid and 3% of Principal outstanding if more than 18 EMIs paid.
Minimum Income Minimum 25,000 per month
Loan Amount 1 Lakh to 20 Lakh
Minimum Age 25 years
RBL Bank Personal Loan Eligibility Criteria
Eligibility for RBL bank personal loan is decided on the basis of certain parameters. A loan seeker
must come under the below-mentioned eligibility criteria:
• Age limit: The age of the RBL bank personal loan applicant should be minimum of 25 years and
maximum up to 60 years. Moreover, the loan should be repaid at least one year before his/her
retirement from service.
• Service: loan applicant should be a permanent employee with a minimum of 1 years service at
current employment & 3 years overall employment experience.
• Minimum Income: individuals having minimum Gross Monthly salary of Rs.25,000/- are eligible
for this loan.
• Eligibility and EMI calculator: Now, you can easily evaluate and calculate your RBL Bank personal
loan eligibility and RBL Bank personal loan EMI amount using utility tools like personal loan
eligibility calculator and personal loan EMI calculator at afinoz.com. These calculators will help
you to determine your EMI outflow every month including the interest rate you will need to pay.
Using the calculator at Afinoz.com is free, easy and simple.
RBL Bank Personal Loan Document Required
Individuals applying for RBL bank personal loan should pay attention towards documentation
required to get the personal loan in RBL bank.
• PAN Card – For Individuals
• Identity Proof – Anyone (Voter ID/Driving License/Passport)
• Address Proof – Anyone (Voter ID/Driving License/Passport/Telephone Bill/Electricity Bill/
Registered Lease Deed or Sale Agreement/Bank Statement)
• Relationship Proof (if required)
• Passport Size Photographs
• Any other valid Photo ID card issued by central or state government
• Latest 6 months Salary credit Bank Statements
Financial documents required for salaried employees
• Latest 2 months pay slips and Form 16 issued by the employer.
• Income documents of salaried spouse (in case of clubbing of income)
RBL Bank Personal Loan Features and Benefits
RBL bank has attractive features & benefits from easy loan approval to a higher loan amount with
flexible loan tenure. Here are some features & benefits of RBL bank personal loan:
• You can avail a loan amount from 1 Lakh up to 20 Lakhs.
• RBL bank provides convenient loan repayment option ranging from 12 to 60 months.
• No security or collateral is required to avail a personal loan from RBL bank.
• Documentation is simplified and quick
• Attractive rate of interest
• Hassle-free loan sanction and disbursal procedure
• Loan payable in easy installment
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