You can easily handle your funds with the help of RBL Bank personal loan as the bank offers a lower rate of interest and flexible tenure to the customer. To make your money manageable for wedding expenses, travel, education or any medical emergency you can apply for RBL personal loan. Using the loan amount instantly solves the money requirement and pays for the borrowed amount in equated monthly loan installments. To know about RBL Bank personal loan features read this article.
Lower RBL bank personal loan interest rate and easy EMIs
RBL Bank provides loans to the customer with a lower charged rate of interest starting from 17.50% and the EMI can be paid in maximum 60 months. The loan interest rate can be higher or lower depending on your repayment capacity and the bank checks it by using the applicant credit report. If you meet the RBL Bank personal loan eligibility criteria and have a clear credit report then you will get a lower interest rate on your loan amount. Otherwise, if the situation is vice versa then your loan application gets rejected.
Make easy EMI calculations with RBL Bank personal loan calculator
After checking the loan eligibility criteria you can manage your loan installments with the help of the RBL Bank personal loan EMI calculator. Using the online calculator you can easily manage your loan payments and can estimate the future loan EMIs. The loan calculator works in a formula based on your loan details. So, to compute the loan EMIs you need to put your loan amount, interest rate and loan tenure inside the EMI calculator. The monthly loan installments of your borrowed amount would be displayed on the amortization table.
Apply for RBL Bank personal loan through a simple online application procedure
The applicants can easily apply for a personal loan from RBL Bank by using its online banking services. To apply for a loan you just need to visit RBL Bank official website and need to choose personal loan from the product category and click on the “Apply Now” button. After that you will be directed to the page where you need to provide your mobile number, enter the number and click on “submit”. Then you get a call from the bank regarding the personal loan and you need to provide some documents and applied charges for the RBL bank personal loan.
Submit the necessary documents and charges and get instant approval
You need to submit some fewer documents for the RBL Bank personal loan that are ID proof, income proof or address proof. With your duly filled loan application form, you have to submit the documents like Aadhar card, PAN card, salary slip, bank statement, etc. And, a processing fee charged by the bank for your personal loan that is 2% of your borrowed loan amount. So, take personal loan from RBL Bank and prepay the loan amount anytime by paying a 3% to 5% prepayment or foreclosure fee to the bank. Now make your funds manageable by getting a personal loan from RBL Bank.