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RBL Bank Personal Loan
Do you want to take your dream vacation but don’t have the money? Or are you looking for money to pay for a family wedding? RBL Bank’s personal loan could be the solution you’re looking for. Unexpected expenses can knock on your door at any time. It could be for emergency medical expenses, your child’s education, or even a family wedding. A personal loan can assist you in meeting these requirements.
Because there is no need for collateral, a personal loan is a practical solution for your immediate needs. It’s a small-dollar loan with simple repayment terms. RBL Bank provides you with a personal loan that serves as a one-stop-shop for all of your financial requirements.
Comparison of Interest Rates of RBL Bank Personal Loan vs other Banks/NBFCs
| Banks | Interest Rates (per annum) |
|---|---|
| RBL Bank | 14% – 23% |
| SBI | 9.60% â 13.85% |
| 9.60% â 13.85% | 10.25% â 21% |
| PNB | 7.90% â 14.50% |
| ICICI Bank | 10.50% â 19% |
| Axis Bank | 10.25% p.a. onwards |
| Kotak Mahindra Bank | 10.25% onwards |
| IndusInd Bank | 11.00% onwards |
| IDFC First Bank | 10.49% â 23% |
| Bajaj Finserv | 13.00% onwards |
| Tata Capital | 10.99% onwards |
RBL Bank Personal Loan
Purpose: It is a practical solution for your immediate needs. It’s a small-dollar loan with simple repayment terms.
Loan Amount: Rs 1-Rs 20 lakh
Interest Rate: 14%-23% p.a.
Processing Fee: Up to 2% of loan amount
Usage of RBL Bank Personal Loan
As there is no need for collateral, a personal loan is a convenient solution to your emergency needs. It is a short-term loan with simple repayment terms.
House furnishing:
With an RBL Bank Personal Loan, you can repair, renovate, and furnish your dream home. This is tailored to meet the demands of homeowners who want to make structural repairs, interior improvements, renovations, and other house improvements. Take out a personal loan and forget about paying the contractor, purchasing materials, or even employing an interior designer.
Wedding
In this country, a wedding is a big deal that costs a lot of money. A wedding includes numerous expenses, ranging from hiring a venue to purchasing jewellery to paying for all of the festivities. A personal loan relieves you of financial burdens, allowing you to fully enjoy your wedding.
Education
RBL understands how important education is to you and your child. Paying college tuition can be costly at times, especially if your child is planning to study abroad. The personal loan product might assist you in financing your child’s or perhaps your own education.
Vacation
If you’re planning a dream vacation but are short on cash, RBL recommends applying for a personal loan. Take out a personal loan and travel to your favourite destination without worrying about flight tickets, lodging, shopping, or any other expenses.
Medical
Do you need to attend to a medical emergency? Try out our personal loan, which has quick disbursement and simple repayment alternatives. In this hour of need, take care of your family. Leave the money worries to us.
Why Choose RBL Bank Personal Loan?
The application process for a personal loan with RBL is simple and quick. You can apply for this credit facility either online or in person at a bank location with all of the relevant papers.
- Customers can expect quick delivery of their sanction letters and low-interest rates from the bank.
- Processing fees are as low as 2.5% of the loan amount.
- There’s no need to be concerned about having the loan approved.
- The bank will not inquire regarding funds appropriation. You are free to spend your money any way you want.
- Making your spouse a co-borrower increases your eligibility.
- Easy repayment options include ECS, auto-debit, and advance cheques, which can be stretched out over a period of up to five years.
Prepayment of RBL Bank Personal Loan
If you want to pre-close your RBL personal loan, simply contact the bank to find out when you can do so. After that, simply pay the remaining balance on your loan account and close it. The procedure is simple and straightforward. You must go to a branch near you and complete the task. Make sure you have all of the necessary documents before visiting the branch. Another thing to keep in mind is that you should have the entire amount ready. Don’t use up all of your savings to pay off your loan. In such cases, it is best to wait a few months and then close it when you have enough funds.
What makes RupiLoan right platform to apply for an Individual Loan?
Most trustworthy lenders
In order to present you with the best loan alternatives from various lenders in one place, Rupiloan has partnered with more than 30 banks, non-bank financial institutions, and fintech businesses.
Make comparisons
What’s the best option? Using a few mouse clicks, you can research and compare personal loan offers from India’s leading banks, non-banking financial institutions (NBFCs), all on one screen.
Personalised options available
With a high degree of acceptance assurance, we provide customised solutions RupiLoan ranks personal loan offers based on your credit score and other qualifying factors to determine which ones are most relevant to you. Your loan application will be accepted if you use this information to help you choose the best deal.
Can gain benefit from Pre-approved loans
These loans are those that have already been authorised. Once you’ve joined the Rupiloan community, you’ll get personalised pre-approval offers for personal loans based on your credit score and history. There is minimal to no verification required for these loans and the processing expenses are inexpensive.
Right advice
RupiLoan’s team of experts will assist you in every stage of the procedure, coordinate with lending banks/NBFCs, and help you get the best personal loan for your needs.
When it comes to applying for a personal loan, Rupiloan.com is a 100% digital-only company, which means that you can apply from the comfort of your own home with zero to little paperwork and an entirely digital experience.
End-to-end Assistance
After you complete your loan application, RupiLoan representatives will visit your home or place of business at a mutually agreed-upon time and day to pick up any physical papers that is needed. RupiLoan takes care of everything for you, so you don’t have to go to a lending institution in person to submit your documentation. Comprehensive Help from Start to Finish RupiLoan’s team is always by your side, working with the lenders to make sure you have an excellent experience from beginning to finish, from searching for a loan choice to getting the sanctioned money in your bank account.
