• Minimum net monthly income of Rs. 25,000 per month

• Minimum age at loan sanction – 25 years. Maximum age at loan maturity - lower of 60 years or retirement age.

• Work Experience of minimum 1 year at current employment and 3 years of total employment experience.

How much loan amount can I borrow in a Personal Loan?

You can borrow loan amount from Rs. 1 Lakh to Rs.20 Lakhs depending on your eligibility basis the financial documents

submitted, repayment capacity and loan amount limit in your respective location.

For how many months can I borrow a Personal Loan?

We offer convenient repayment options from 12 to 60 months. Tenor offered will be at the sole discretion of RBL Bank.

How will I repay my Personal Loan?

We offer Personal Loan as a term loan which can be repaid in easy EMIs (Equated Monthly Installments). EMI can be paid

through ECS facility, Standing Instruction to debit your RBL Bank account or though Post Dated Cheques with your EMI

amount. EMI amount can be calculated using ‘EMI Calculator’.

Can I club my income with others to avail a higher Personal Loan?

Clubbing of income is allowed with salaried spouse. Income of your spouse needs to be regular in nature and should be

documented. Spouse income will be considered for clubbing of income as per Policy.

How long will it take for my Personal loan to be approved?

The Bank would update you about the loan decision in approximately 10 working days from the date of receipt of the

completed application form with all the required documents.

Is there any security that I need to provide to get a Personal Loan?

RBL Bank offers Personal loan as an unsecured loan and hence you do not need to provide for any Security or Collateral

for availing a Personal Loan.

Do I have to pay any Processing Fees or Charges to avail a Personal Loan?

A processing fee of upto 2.5% of the loan amount (plus Service Tax at the prevailing rate) is required to be paid. This fee

will be deducted from the Loan amount at the time of the disbursal of your loan.

Is there an option to prepay my Personal Loan earlier? Are there any charges?

No foreclosure is allowed before the loan has completed 6 months. However, you can prepay the Personal Loan after

having paid 6 EMIs with applicable foreclosure charges. Foreclosure charges of 5% of the principal outstanding will be

charged, if you foreclose the loan before 12 months. Foreclosure charges of 3% of the principal outstanding will be

charged post completion of 12 months of the loan however Nil foreclosure charges are applicable if 12 EMIs paid without

any bounce and foreclosure is done using Own funds. Loan can be foreclosed by paying the foreclosure amount through

a Demand Draft / Cheque at any of the RBL Bank branch. Please refer to the schedule of charges for more details.

Are there any benefits of having a Current/Saving Account with RBL Bank for my Personal loan?

You get the benefit of easier documentation if you have a Current / Savings Account with RBL Bank. You can avail paying

your EMI through Standing Instructions to debit your RBL Bank Account for the loan. This will be taken into consideration

at the time of disbursal of the loan.

• PAN Card – For Individual

• Identity Proof – Any one (e.g. Voter ID / Driving License / Passport)

• Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)

• Relationship Proof (if required)

• Passport Size Photographs

• Any other valid Photo ID card issued by central or state government

• Latest 6 months Salary credit Bank Statements

• Latest 2 months pay slips and Form 16 issued by the employer.

• Income documents of salaried spouse (in case of clubbing of income)

• Minimum 15%

• Maximim 18%