RBL Bank Personal Loan | Lowest Interest Rates @ 13.99%*

Personal Loan

Personal Loan

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RBL Bank Personal Loan

What Is A Personal Loan?

It is a type of unsecured loan which can be availed on the basis of various criteria. Level of income, employment history, credit score and scope for repayment are those specific criteria. Considering these criteria and lender, the APR (Annual Percentage Rate) of personal loan can be anywhere between 11.29% to 35%.

It is a type of unsecured loan which can be availed on the basis of various criteria. Level of income, employment history, credit score and scope for repayment are those specific criteria. Considering these criteria and lender, the APR (Annual Percentage Rate) of personal loan can be anywhere between 11.29% to 35%.

Why Should You Take A Personal Loan from RBL?

In every individual's life there comes a moment where you urgently need a specific amount of money which can't be covered by your savings. The amount can be needed for any personal reason like home or vehicle repair, to pay unexpected medical bills, for wedding, travel, credit card outstanding balance transfer etc. Here the option of getting this desired amount via personal loan comes extremely handy. RBL offers you personal loan with easy EMI option, fixed & flexible interest rate and quick approval. They offer loan for your various personal needs. Flexible tenure, no collateral and simple documentation makes it one of the most popular personal loans in India.

What are the Eligibility Criteria to avail a Personal Loan from RBL?

RBL offers personal loans to customers who fulfill their designed eligibility. The eligibility criteria changes as per the profile of the borrower. But there are some commonalities which you have to follow or acquire to get a RBL personal loan. You can refer the following table for a gross understanding of RBL's eligibility criteria:

Particulars Salaried Borrowers
Age 25 years to 60 years
Income Rs. 25,000
Minimum Loan Amount Approved Rs. 1 lakh
Maximum Loan Amount Approved Rs. 20 lakh
Loan Tenure 12-60 months
Work Experience 1 year of work experience at current employer with 3 years in total

What are the Documents Required to avail a Personal Loan from RBL?

Particulars Salaried Borrowers
Identity Proof Passport, Driving License, Voters ID or PAN Card
Address Proof Passport or utility bills
Bank Statement Latest 6 months of Salary Account
Additional Documents
Relationship proof of spouse if taking him/her as co-applicant
1 year employment continuity document
Passport size photos

Interest Rate

RBL PL Loan starts from 13.99% onwards*.

Income Band Income Band Revised (1st Apr'18 onwards)
Listed Cos. Unlisted Cos.
Rs.25-40K 16.00% 16.00% 18.00%
Rs.40-50K 16.00% 16.00% 17.00%
Rs.50k-75k 14.50% 15.00% 16.00%
Rs.75k-1 Lac 14.50% 13.99% 15.00%
Rs. >1 Lac 13.99% 13.99% 13.99%

How can you repay your Personal Loan from RBL?

Interest rates: RBL personal loans are easy to pay back. Depending on eligibility criteria, the borrowed sum, payback tenure, the interest rate varies on personal loan. RBL offers 15.50% to 23% interest rate for salaried applicants.

Easy EMI: RBL personal loan can be repaid using EMI i.e. equated monthly installment. The EMI will be paid on a monthly basis on a fixed date of the month.

Flexible tenure: You can pay off the loan in tenure of 1 to 5 years.

By ECS: The payment of decided EMI is done through auto debit or ECS facility offered by RBL.

What are the Features & Benefits of getting a Personal Loan from RBL

There are many reasons behind the popularity of taking personal loan from RBL. Go for personal loans by choosing any one or all from below

They have easy availability

The main reason behind the popularity of RBL personal loan is untroublesome availability. The capital first personal loan can be acquired within 24 to 72 hours of loan application and submission of required documents.

They need minimum documentation

Unlike the other long term or larger loans, RBL personal loans require very little documentation. Thus these loans are approved quickly without any hassle.

You get expeditious loan approval

As many financial institutions offer personal loans, RBL require minimum documentation, they are approved quickly. When it comes to online personal loan approval, they are approved quickly where as the paper approval takes not more than one to two working days. The mechanism of approving personal loan is very easy, efficient and hassle free.

You can consolidate your debts

When it comes to financial debts, we strongly recommend clearing off a high-interest debt by taking a low-interest debt. If you happen to have multiple debts, you can combine them under one umbrella.

You can take multi-purpose loan

The fund from RBL personal loan can be used for any purpose. Be it a wedding or medical expenses; renovation or personal bulk shopping, you can use these funds as they suit you. They can mainly be used to overcome any financial adversaries.

You don't have to offer any collateral

To get approval on a RBL personal loan, you do not need to offer any collateral or guarantee. RBL approves personal loan on the basis of borrower's income details and financial history. As you do not require offering your fixed assets as mortgage or collateral, you can access the loan easily.


It offers you adjustable sum of loan

Based on various criteria like level of income, employment history, credit score and scope for repayment, the borrower can get an RBL personal loan ranging anywhere between Rs. 1 lakh to Rs. 20 lakh.

You're rewarded with flexible payback option

To payback your personal loan, RBL offers you a tenure ranging from 12 months (1 year) to 60 months (5 years). Thus it is easy for the borrower to pay back the loan with easy EMI policies. Though this depends on the amount of loan, it is always a better option from other types of loans.

Varied interest rate:

Depending on eligibility criteria, the borrowed sum, payback tenure, the interest rate varies on personal loan. RBL offers 15.50% to 23% interest rate for salaried applicants and self-employed applicants.

Why Choose Ruloans To Apply For Personal Loans from RBL

Ruloans is India's fastest growing financial distributors. A comprised team with mammoth experience in finance and internally developed highly proficient Loan Calculator algorithm, we are pledged to offer solutions to all your financial needs. Borrowers can apply for Instant Personal Loan with Ruloans' latest online application process. We help you borrow right.

Hassle free process: We have developed an efficient, smooth and easy process for our consumers to get a RBL personal loan. Our easy to use online procedure allows consumers to upload documents quickly. Our highly proficient Loan Calculator also guides the consumers to embark on a hassle free process.

Benefits of applying with us: We value our consumers and are always on our toes to give them benefits of our expertise. Applying for a RBL personal loan with us, gives you a chance to avail the best offers and deals from RBL.

Benefits of applying with us: We value our consumers and are always on our toes to give them benefits of our expertise. Applying for a RBL personal loan with us, gives you a chance to avail the best offers and deals from RBL.

Privacy policy: We, at Ruloans understand the value of your documents and keeping them safe and private. Your loan applications are processed electronically with complete privacy and transparency.

How to Apply For a Personal Loan on Ruloans from RBL?

  • Applying for a RBL personal loan on Ruloans involves few easy steps:
  • Step 1: Go to the RBL Personal Loans page on our website and click on Check Your Eligibility box.
  • Step 2: Fill out the initial personal and financial information. Once completed, our loan calculator checks your eligibility with its highly efficient algorithm.
  • Step 3:Our loan calculator presents you a list of required documents along with interest rates.
  • Step 4: You can start filling up the form and upload the required documents. Here, if needed, you can call or mail our experts for advice. The contact details are given on our website.
  • Step 5:Your application will be sent electronically to RBL. You will be informed about the status of your application via SMS, email or you can track it via website too.

Frequently Ask Questions