Check RBL Bank Personal Loan- Eligibility Criteria, Interest Rate, and Tenure

RBL Bank personal loan is provided to salaried persons to meet their personal needs. A personal loan from RBL Bank is an excellent choice for scenarios such as weddings, medical emergencies, house renovations, long-overdue vacations, higher education, and so on during this COVID 19. The loan amount offered by RBL bank ranges from Rs. 1 lakh to Rs. 20 lakh and can be repaid over a period of 12 to 60 months. You can also check through the RBL Bank Personal Loan Customer Care Number for more details.

RBL Bank Personal Loan Highlights

Particulars	Salaried
Interest Rate	14% p.a. – 23% p.a.
Processing Fee	4% of the loan amount
Loan Tenure	12 to 60 months
Loan Amount	Rs.1 lakh – Rs.20 lakh
Salary / Income	Minimum income of Rs.25,000 per month
Employment Status	Salaried
Credit Score	750
Lowest EMI per Lakh	Rs.2,405
Pre-Payment/Foreclosure Charges	Ø  Pre-payment allowed after payment of 12 EMIs. Ø  From 13 to 18 EMIs – 5% of Principal outstanding Ø  More than 18 EMIs – 3% of Principal outstanding Ø  NIL- if a minimum of 12 EMIs are paid without any bounce and foreclosure should be done using your funds.
Overdue EMI Interest	2% per month of the overdue amount

RBL Bank Personal Loan Eligibility Criteria

• You must be a salaried employee.
• The monthly income of the applicant should be at least Rs. 25,000.
• You must be minimum of 25 years old at the time of loan approval and no older than 60 at the time of loan repayment.
• You must have a minimum of one year of experience as well as three years of overall working experience.

Documents required for RBL Bank Personal Loan

• KYC Documents: Application form signed and dated, as well as a colored photograph of the applicant PAN Card, Aadhaar Card, Voter ID Card.
• Proof of Age and Identity: Voter ID Card, Aadhaar Card, Passport, Driving License, Utility Bill (Telephone/Electricity/Mobile-not more than 60 days old).
• Address Proof (anyone): Voter ID Card, PAN Card, Aadhaar Card, Passport, Driving License, Utility Bill (Telephone/Electricity/Mobile-not more than 60 days old).
• Proof of income: Salary increase in the last three months.

How to apply for RBL Bank Personal Loan with Afinoz?

Listed below are the mentioned steps to successfully apply for RBL Bank Personal Loan with Afinoz:

• Visit Afinoz and fill out a form to learn about the available personal loan offers based on your eligibility criteria.
• You’ll be taken to a page with the best bank alternatives based on your approval prospects.
• Either choose a lender from the list provided or contact Afinoz for more information.
• To have your loan application processed, fill out and submit the application form.

Personal Loan verification process of RBL Bank

• Afinoz will send your loan application to the lender you’ve chosen.
• A representative from the lender contacts you for confirmation and arranges for document pickup.
• The loan is granted when the documents are validated, and you will receive another verification call from the representative, along with the loan’s terms and conditions.
• The loan amount is disbursed to your account within a few working days after you accept the lender’s offer.

Check RBL Personal Loan Application Status

• Visit https://rblbank.rupeepower.com/application-status for more information.
• Enter your reference number (including the # sign) in the box below.
• Please enter your phone number.
• Select ‘submit’ from the drop-down menu.

RBL Bank Customer Care Number

• You can reach us by dialing (+91)22-6115-6300.
• Customercare@rblbank.com is the email address to use.
• One Indiabulls Centre, Tower 2B, 6th Floor, 841, Senapati Bapat Marg, Lower Parel (W), Mumbai 400013, India is the corporate address.
• You can go to the branch that is closest to you.

Important Aspects

• Consider the loan’s total cost: Aside from the interest rate, you may be required to pay various fees and charges throughout the term. Processing fees, late payment fees, prepayment fees, and so on are examples of these fees. As a result, it’s critical to be aware of all fees and charges and to make an informed decision about which lender to work with.
• Credit score: A good credit score indicates that you have made all of your previous payments on time, which makes it easier for you to secure a personal loan with a reduced interest rate. However, it’s critical to keep your credit score in good shape.
• Borrow according to your payback capacity: Never take out a loan that you can’t afford to repay. Check personal loan EMIs using Afinoz’s Personal Loan EMI Calculator, and borrow a large amount that you will be able to repay without difficulty.
• Apply for a personal loan with only one lender at a time: Avoid applying for a personal loan with more than one lender at the same time. It may raise the amount of hard queries on your credit report, lowering your chances of getting a loan because you look to be a credit-related person.

Conclusion

RBL Bank offers Personal Loan which is provided to salaried individuals over the age of 25 years with personal loans ranging from Rs.1 lakh to Rs.20 lakh. The applicant should have a total of three years of work experience, including one year in their current workplace. You must make a minimum net monthly income of Rs.25,000 to be eligible for this loan. For more details, you can also get information from Afinoz.com.