RBL Bank Personal Loan Details

Previously called Ratnakar Bank Limited, RBL offers personal loans to salaried individuals at cheaper cost (interest rate). Bank processes this loan quite fast and the customer is free to appropriate funds in any manner he/ she wants to do. There can be numerous reasons for availing a personal loan like marriage, hospital expenses, holidays, educational expenses, etc. RBL features minimal documentation with least turn-around time for disbursement of personal loans to salaried employees.

RBL Bank Personal Loan Details Updated on
Loan Amount	Rs.100,000 to Rs.2,000,000
Loan Tenure	5 Years
Interest Rate	13.99% to 16.00%

The interest rates charged by the bank are competitive and as per MCLR system introduced by RBI from April 1, 2016. Get to know more about personal loan in RBL Bank at our website. We also provide RBL Bank EMI calculator and RBL Bank personal loan eligibility calculator to use, free-of-cost.

If you want RBL Personal Loan, you can apply for it at loanbaba.com, where you get to compare loans from several banks and NBFCs. Check current bank interest today and your loan eligibility, to apply with suitable financial institute for unsecured personal loan in India.

Why Choose RBL Bank Personal Loan?

You can check out RBL Bank personal loan eligibility and RBL Bank Personal Loan EMI calculator at loanbaba.com.

• Bank offers its customers speedy delivery of sanction letter with affordable interest rates.
• Low processing fees of up to 2.5% of the amount borrowed.
• No need to worry for any guarantee for getting the loan sanctioned.
• Bank won’t ask about appropriation of funds. You are free to use funds as you desire to.
• Option of making spouse co-borrower, so that eligibility is enhanced.
• Easy repayment through ECS, auto debit and advance cheque; which can be spread over to 5 years.

Features of RBL Bank Personal Loan

Salaried individuals can feel free to apply personal loan from RBL Bank. The features of RBL personal loan are discussed below:

• Loan amount between Rs. 1 lakh and Rs. 20 lakh can be availed.
• The repayment period of the loan can be extended up to 60 months which makes it convenient for the public to repay the loan.
• Personal loans interest rates in RBL bank are low.
• Bank does not ask for any guarantee or collateral security.
• The processing of loan is quite easy and quick.
• Bank charges an interest rate ranging from 15.50% to 23.00% p.a. compounded monthly, on reducing basis.
• To avail more amount of loan, income of spouse can be clubbed with self to increase eligibility.

Why Apply for RBL Bank Personal Loan on Loanbaba.com?

At Loanbaba, you can compare and apply for personal loans online. You can check out several personal loan schemes by RBL Bank and go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. You can also quickly apply for RBL Bank Personal Loan online on our website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

How to Apply for RBL Bank Personal Loan on Loanbaba.com?

Visit this link- https://www.loanbaba.com/personal-loan/ to apply for RBL Bank personal loan or any other bank/NBFC personal loan at Loanbaba.

RBL Bank Personal Loan Interest Rates

Personal Loan RBL Bank interest rate is 14 percent onwards, annually. Keep a check on this page to note the updated interest rate for RBL Bank personal loan.

RBL Bank Personal Loan Eligibility

• The applicant for personal loan RBL bank needs to meet the age requirement and possesses all necessary identity and income proof required to apply for the loan.
• He/she meet the requirement for credit score and should not be under too many debts.
• Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost RBL personal loan eligibility calculator at Loanbaba.com.

Types of RBL Bank Personal Loans

RBL Bank has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.