RBL Bank Personal Loan | Interest Rates – (Updated) | Eligibility, Benefits – PDF

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.

 

Check Here – RBL Bank Customer Care

 

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
EMI amount
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
Foreclosure Charges
  • Pre-payment or foreclosure is not allowed until
    repayment of 12 EMIs
  • After 13-18 EMIs paid – 5% of the Principal Outstanding
  • After 18 EMIs – 3% of the Principal Outstanding
  • NIL foreclosure charges only if minimum 12 EMIs are paid without any bounce and foreclosure by using own funds. Balance Transfer of Loan Outstanding to another financial institute is not treated as own source of funds

 

Check Now – The Right Way of Filling Online Complaint

 

Factors Affecting RBL Bank Personal Loan Application

Location:

  • 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.

Income:

  • 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

Existing credit: 

  • The existing users of another loan or credit card debt will get an advantage in in determining the loan amount and interest rate.

Credit history: 

  • 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.

 

Check Here – How to Write an Effective Complaint Email

 

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

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