Are you in need of urgent cash? If yes, then apply for RBL Bank personal loans because it provides you a loan amount from 1 lakh to 20 lakh. At an attractive RBL personal loan interest rate, you can pay the borrowed amount and the charged interest rate in equated monthly loan installments (EMIs). To know about the RBL personal loan benefits, features, eligibility criteria and interest rate read the given article.
RBL Personal loan details
Before you apply for a personal loan make sure you get all the information on the loan schemes like repayment tenure, interest rate, eligibility and more. The RBL personal loan interest rate is starting from 17.50% which is quite reasonable in comparison to the other loan providers. You don’t have to provide any collateral for the loan security and pay the borrowed amount in 12 to 60 months. The bank provides you the facility to pay the loan EMI through auto-debit, electronic clearing system (ECS) or post-dated cheques (PDCs).
What is RBL personal loan eligibility criteria and is this affect your loan interest rate?
Any salaried individual working in a private or public sector company can avail personal loan from RBL Bank. The individual who is applying for personal loans must have a minimum net monthly income of INR 25,000 and working in the current organization for more than a year. During the loan application procedure applicant minimum age should be 25 years and 60 years at the loan maturity period. If you don’t meet the loan eligibility criteria then you must have to pay a high-interest rate on your loan amount. Otherwise, if your income is high and you have zero defaults then you can negotiate to get a lower RBL personal loan interest rate.
Important documents and the loan charges
To apply for RBL Bank personal loan you need to submit some documents and the applicable fee or charges. Documents which are required for RBL personal loan is income documents like salary slip, bank statement, credit report and income tax return (ITR) report. Also identification proofs like Aadhar card, PAN card, driving licenses, electricity bills, etc. RBL bank charges a lower processing fee on your personal loan which is 2% to 2.5% of the borrowed loan amount. You can reduce the burden of RBL personal loan interest rate through prepayment of the outstanding amount the bank charges 3% to 5% prepayment fee.
As you can see RBL personal loan is the best for your urgent money requirements. So, apply for the loan by visiting your nearby bank branch or through online banking services. Whether there is a wedding expenses that worries you or you aren’t able to collect funds to plan your vacation. Don’t worry you can meet all your needs with RBL bank personal loans because it gives you the desired loan amount at an attractive rate of interest with benefits of a longer tenure and prepayment feature. Now, fulfill your needs with RBL Bank personal loans.