RBL Bank Personal Loan
If you want to fulfill your cash requirements easily and with latest formalities, then must apply for RBL Bank Personal Loan. The bank is rapidly growing up in private sector with best interest rates. To get eligible for RBL bank personal loan, individuals must be fulfilling the required eligibility that has been specified below.
Now avail multiple benefits for availing RBL bank personal loan with flexible repayment option and attractive rate of interest. With the help of RBL bank personal loan, individuals can meet the requirements of their child education with the help of personal loan facilities.
The EMI facility is highly beneficial through which customer can utilize the funds without worrying about affordability. Check the latest details provided on RBL bank personal loan benefits, features, eligibility and you can also download RBL bank personal loan PDF form the provided official link.
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RBL Bank Personal Loan Details
RBL Bank Personal Loan Eligibility
In order to get personal loan form RBL bank, there are some prescribed eligibility terms and conditions that need to be fulfilled by the applicants.
- Minimum net monthly income of Rs.25, 000 per month
- The minimum age required at time of loan sanctioning is 25 years and Maximum age at loan maturity – lower of 60 years or retirement age
- Individual must be having 1 year of working experience in current employment and total employment experience must be 3 years.
RBL Bank Personal Loan Interest Rate (updated)
|Type of Fees||Charges Applicable|
|Interest Rate||12.99% – 16%|
|Charges of late payment of EMI||2% additional Interest per month on the overdue
|Loan Tenure||12-60 Months|
|Loan Processing Charges||Up to 2% of the Loan Amount|
|Cheque Swapping Charges||Rs 250|
|Pre-Payment Charges||Not allowed until 12 EMIs paid. After 12 EMIs : NIL|
|Bounce Cheque Charges||Rs 250|
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Factors Affecting RBL Bank Personal Loan Application
- Location plays an important role in your RBL personal loan application. It can be sued for knowing about the minimum salary amount that is required to get eligible for personalloan.
- There Is no doubt that individuals having good income shows that they has excellent repayment capacity. The more the income the better chances for good loan amount
Company of employment:
- Job stability is also an important factor in obtaining personal loan application. Working in a reputed company will signifies your good job stability. The firm having good rating signifies better personal loan interest rate
- The existing users of another loan or credit card debt will get an advantage in in determining the loan amount and interest rate.
- The CIBIL report is prepared that represent the creditworthiness of individuals. So, credit history is an important factor on which the amounts of loan, the rate of interest and loan tenure are dependent.
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Documents Required for RBL Bank Personal Loan
- Properly filled loan application
- Three passport size photos
- Statement of Bank Account/ Pass Book for last six months
- Residence proof (photo copies of recent Telephone Bills/ Electricity Bill)
- Identity proof (photo copies of Voters ID card/ Passport/ Driving license/ IT PAN card)
- For self-employed professional, IT returns for the three years is required
- Form 16/IT returns for the last two financial years for salaried employees
RBL Bank Personal Loan benefits
- Individual can avail the Loan amount from Rs.1 lakh up to Rs.20 lakhs
- There is highly convenient loan repayment option of 12 to 60 months
- The most interesting thing is that No security or collateral required availing this loan
- Only few documents are required and there is highly Simplified procedure
- RBL personal loan at Attractive interest rates
- Superlative benefits of RBL loan for Salaried Individuals
So, you need to makes sure about some of the reliable factors that are responsible for loan application such as personal loan amount, tenure, income of individual, assets, relation with bank, CIBIL scores. So, you need to be sure about that you properly fulfill the requirements otherwise your loan application will be rejected.
That’s all about the details for RBL bank personal loan. Share your comments and feedback to us at our web portal customer-carenumber.com
Have A Look On Below Links
|Fullerton India Customer Care Number||SBI Personal Loan Customer Care|
|Shriram Finance Customer Care||Axis Bank Personal Loan Customer Care|
|ICICI Bank Personal Loan Customer Care||Family Credit Contact Number|