RBL Bank Personal Loan: Provide Quick Personal Loan

RBL is the reputed bank in the private sector. Through this, you can get a credit card or loan, so that fulfill the desires. This bank is currently serving more than one million customers all around the world and is known for offering a huge range of banking products and services for all. Among their various services, this reputed bank can provide the best personal loan benefits.

They try to fulfill the various needs the bank is here with unmatched and flexible personal loan. However, to meet your immediate cash requirements like wedding, study, travel, home renovation, and more.

To get the RBL bank personal loan should check eligibility criteria and documentation factor. The minimum age should be 25 years and maximum 60 years with a minimum net monthly income of Rs 25,000 per month. The applicant should have three years total job experience.

As a document, you need to provide PAN card, identity proof, address proof, and income proof. You can also provide relation proof if required, passport size photographs, the latest six months salary credit bank statement, the latest two months pay slips and form 16.

RBL Bank Personal Loan Interest Rate

The bank offers many facilities such as- Get loan amount from Rs 1 lakh up to Rs 20 lakhs, choose convenient loan repayment option of 12 to 60 months, no security or collateral required to avail this loan, attractive interest rates from 13.00% to 18%. You need to pay processing fees 2% to 2.5% of the loan amount and pre-closure charge 3% to 5%. Before can apply should check the interest rate, so that can compare with the other banks and know they give the lowest interest rate loan.

RBL Bank Personal Loan EMI Calculator

This device can help to pay the exact payable amount to the lender every month. You can download the EMI calculator site and put a few information such as loan amount, tenure, and interest rate. They can calculate your information, then give the accurate payment. One more thing you can use this tool until not getting the exact report.

Things Need To Remember Before Apply

When you are applying for a personal loan from any bank, at that point in time remember few things for one-time approval. These are below

Credit Score: Your credit score decided, that you can avail for a loan or not, this is because the bank doesn’t ask for collateral from you so they need be sure that you will able to pay back them. If you have a score of 750 or above, then have a higher chance of getting the loan.

Income: Next, is your income that you get per month and how much you will be able to pay for it? If you are taking a loan but no income to cover it, then it becomes a problem for you as well as the bank. That's why the bank always checks income to decide if you will be able to repay the loan or not before they accept or reject your application.

Existing loan: For instance, if you have already re-paying previous loan, which can also be a cause for personal loan application rejection. Because the thing is, a bank might review the EMI that you have already and they think that, you will not be able to take on any more.