Apply RBL Bank Instant Personal Loans At Lowest Interest Rates

RBL Bank, previously known as Ratnakar Bank Limited, is a private scheduled commercial bank. It was founded in the year 1943 and headquartered in Kolhapur, Maharashtra. It provides financial products and services to the customers with an employee strength of over 2,798 employees. The bank has a vast network of over 193 bank-branches in more than 13 Indian states.
RBL Bank Personal Loans

RBL Bank provides personal loans to its customers for different financial needs at very affordable rates of interest. These loans can be used to cover medical bills, wedding expenses, international vacation expenses, or debt consolidation. mymoneykarma gives you all the information you need on RBL Bank personal loans.

Benefits of RBL Bank Personal Loans

RBL Bank personal loans are loaded with customer-oriented benefits and features.
Here are a few highlights of RBL Bank personal loans.

• Significant loan amounts ranging from a minimum of Rs 1 lakh to a maximum of Rs 20 lakhs. The loan amount depends on the applicant's repayment capability, credit score, credit history, and yearly income.
• Long loan tenures ranging from a minimum of 12 months and a maximum period of five years.
• Attractive interest rates ranging between 14.5% - 23% per annum.
• Loans available for salaried individuals, public and private company employees, and government employees.
• Various feasible repayment channels such as NEFT, post-dated cheques, and online banking.
• Simplified loan application and approval process with minimal documentation.
  

Types of RBL Bank Personal Loans

RBL Bank offers the following types of personal loans
Personal Loans for Education

These personal loans from RBL Bank can be used for financing children’s education and further studies in India and abroad.

• Minimum income of Rs 25,000 per month.
• Sound repayment capability and a good credit score.
• Loans available only to salaried customers.
• An age range of 25-60 years for salaried individuals.
• Minimum work experience of 3 years with 1 year in the current organization.
• Minimum stay of 1 year at current residence.
  

Personal Loans for Wedding

These personal loans from RBL Bank can be used to cover the costs of a wedding in the family or of the applicant.

• Minimum income of Rs 25,000 per month.
• Sound repayment capability and a good credit score.
• Loans available only to salaried customers.
• An age range of 25-60 years for salaried individuals.
• Minimum work experience of 3 years with 1 year in the current organization.
• Minimum stay of 1 year at current residence.
  

Personal Loans for Home Renovation

These personal loans from RBL Bank can be used much like a home loan, to upgrade or renovate the applicant’s house.

• Minimum income of Rs 25,000 per month.
• Sound repayment capability and a good credit score.
• Loans available only to salaried customers.
• An age range of 25-60 years for salaried individuals.
• Minimum work experience of 3 years with 1 year in the current organization.
• Minimum stay of 1 year at current residence.
  

Personal Loans for Medical Expenses

These personal loans from RBL Bank can be used for medical expenses or emergencies.

• Minimum income of Rs 25,000 per month.
• Sound repayment capability and a good credit score.
• Loans available only to salaried customers.
• An age range of 25-60 years for salaried individuals.
• Minimum work experience of 3 years with 1 year in the current organization.
• Minimum stay of 1 year at current residence.