RBL
Personal Loan

Here are some attractive features and benefits of RBL Personal Loans that make them different:

• The bank offers loan amount varying from Rs. 1 Lakh to Rs. 20 Lakhs.
• The loan can be repaid conveniently between 12 to 60 months.
• In most cases, you will not need a guarantor to get the funds.
• RBL Personal Loan Interest rates are among the most competitive in the industry, currently starting at 14%p.a.
• Loan eligibility and disbursal procedures are quick, which let you get funds instantly.
• You can check your loan eligibility and even apply for the loan online from the comfort of your own home.
• The bank also provides a loan foreclosure facility.

RBL Bank offers personal loans at attractive interest rates ranging from 14% to 23% per annum. The interest rate charged on a personal loan is determined based on the applicant’s income, credit history, and the tenure chosen by them. If the borrower is an existing customer of the bank, they may get better interest rates.

RBL Bank Personal Loans involve the following charges:

Here are some important reasons why you should be applying for RBL Bank Personal Loan:

• The bank provides convenient loan repayment options to the borrowers.
• You get flexible and instant loan options.
• You also do not need to have any security, collateral or guarantor to get this loan.
• The documentation process is simplified and quick.
• These loans are offered at attractive interest rates.
• The entire loan process from application to sanction and disbursal is quick and hassle-free.

Additional Reading: How to get personal loan in Hyderabad?

The following Personal Loan eligibility criteria must be met before applying for the RBL Bank Personal Loan:

• Minimum age of the applicant must be 25 years at the time of applying for the loan.
• Maximum age of the applicant must be 60 years or retirement (whichever is earlier) at the time of loan maturity.
• The applicant must have a minimum net monthly income of Rs. 40,000.
• The applicant must have a minimum net monthly income of Rs. 20,000 (Rs. 25,000 for New Delhi & Mumbai residents).
• The applicant must be working with the current employer for a minimum of last 1 year.
• Total employment experience of the applicant at the time of loan application must be 3 years.

Additional Reading: How to get instant loan in Delhi?

The following documents are required when a user applies for an RBL Bank Personal loan online or offline:

• Personal loan application form - duly signed
• Recent coloured photograph of applicant
• PAN Card
• Proof of Identity & Age (Any one of the following documents):
  • Aadhaar
  • Voter ID
  • Driving License
  • Passport
• Proof of Residence (Any one of the following documents):
  • Aadhaar
  • Voter ID
  • Passport
  • Driving License
  • Utility Bill (Electricity/Telephone/Mobile - not older than 60 days)
• Last 3 months bank statements showing salary credit.
• Salary slip of last 1 month for loan up to Rs. 7.5 Lakhs and last 2 months for loan above Rs. 7.5 Lakhs.

Additional Reading: How to get personal loan in Chennai?

The RBL Personal Loan EMI amount can be calculated using the MyMoneyMantra's online Personal Loan EMI Calculator. The EMI Calculator lets you set parameters such as the loan amount, tenure, and interest rate to know your monthly EMI outflow. There are several factors which influence the EMI amount, such as:

• Interest Rate: If you are applying for a high-interest Personal Loan, your EMI will be higher.
• Loan Tenure: The longer your repayment duration, the lower your EMI amount becomes.
• Loan Amount: If the loan amount is high, your EMIs are bound to be bigger.

Documents verification is not required for an existing RBL Bank customer. They may get a pre-approved loan offer and attractive interest rate. On approval, the loan amount is directly transferred to their RBL Bank account instantly. 

For non-RBL Bank customer, the bank follows the below-mentioned simple process to verify their details for personal loan:

• On applying online for the loan or at the nearest branch, the bank representative will contact you.
• All necessary documents of the borrower will be collected.
• The bank will then do a background check of the personal and professional information of the customer. Make sure that you provide correct information on the personal loan application form otherwise your application will be rejected.
• After a thorough verification of applicant’s documents, if they fall within the bank’s eligibility criteria, their application will be processed.
• Depending on applicant’s eligibility and income, the bank will fix and share the interest rate and tenure details.
• You can then track your RBL Bank personal loan application status online through the bank’s website or by calling their customer care representative.

If you have applied for RBL Bank personal loan, you can track the status of your loan application online as well as offline.

Online:

• Visit the RBL loan track status page available on the bank’s official website.
• Enter your reference number song with the “#” symbol.
• Enter your registered mobile number.
• Click on the ‘Submit’ button to see your RBL Bank personal loan application status.

Offline:

• Call on (+91) 22-6115-6300.
• Send an email at customercare@rblbank.com.
• Visit the nearest branch of the RBL Bank in person.

Additional Reading: How to get personal loan in Bangalore?

You can call the RBL Customer Care if you have any doubts or simply want to check if you are eligible for the loan on the numbers mentioned below:

1800 123 8040 and +91 22 61156300.

You can also email them at customercare@rblbank.com for any queries that you may have.

Corporate Office Address

RBL Bank Ltd.

One Indiabulls Centre, Tower 2B , 6th Floor,

841, Senapati Bapat Marg, Lower Parel (W),

Mumbai - 400013, India.

Also, check Personal Loan Customer Care for any query related to your loan.