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RBL Bank Personal Loan for Salaried in Delhi NCR through LoanMoney

BL Bank Personal Loan for Salaried

RBL Bank offers Personal Loans to Salaried in order to meet immediate cash requirements. Now, lead life the way you want with flexible and quick loan options. Loan process is very easy and the documentation is simpler, approvals are given fast. Monthly Instalment (EMI) is lower so that the customer can utilize the funds without worrying about affordability.

LoanMoney help you to embark on your dream at the right time with RBL Bank Personal Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements.

RBL Bank Personal Loan Features & Benefits in Delhi NCR

  Salaried
Age 25 - 58 Yrs
Loan Amount Upto 20 Lacs
Tenure  12 to 48 Months
Rate of Interest / APR [Annual Percentage Rate] 15% to 18%
Processing Fees 2%
Special Quick Funding
Documentation Salary Slips, Address Proof, Identity Proof
Eligibility Net Salary 60% can be taken as Loan EMI
Repayment of Total amount [Illustrative] on Rs. 1 Lac loan on @14% with processing Fees for 60 Months comes to Rs. Rs. 1.41 Lacs

 RBL Bank offers Personal Loans to Salaried resident individuals in order to meet immediate cash requirements. Now, lead life the way you want with flexible and quick loan options. read more... 

RBL Bank Personal Loan Eligibility & Documentation in Delhi NCR

  • 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.

Documentation

  • 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) read more... 

RBL Bank Personal Loan Interest Rates and Charges in Delhi NCR

  • RBL Bank offers customers personal loans at competitive rates. As per Reserve Bank of India’s guidelines, loans taken after the 1st of April 2016, will have interest rate calculated based on the new MCLR system. Interest rate on old loans will continue to be charged interest using the Base Rate applicable. Those with older loans can choose to switch over to the new MCLR system if they wish to do so. They must contact the bank for this. read more... 

RBL Bank Personal Loan Frequently Asked Questions (FAQ) in Delhi NCR

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. read more...

About RBL Bank

RBL Bank Limited (formerly known as The Ratnakar Bank limited) is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra. Founded in August 1943, RBL is one of the oldest private sector banks in India. The Bank currently services approximately 19,00,000 customers and has a total business size of over Rs. 45,000 Crores.

It offers a range of banking products and services categorized largely in 5 verticals - Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking and Financial Markets.

 
Loan Application

 

It is a type of unsecured loan and helps to meet your current financial needs. You don't need any security/collateral while availing it. Personal Loan is your solution for instant cash and can be used for travelling, wedding, medical emergency, home renovation, or anything else.

 

Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.

 

Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Banks and financial institutions offer this LAP, which can either be a residential/commercial building or a piece of land.

 

A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.

Different Purposes for Personal Loan through LoanMoney

Marriages are made in heaven and its celebration is one of the happiest and memorable events for married couples and their families. Wedding loan is available to people looking to meet their wedding expenses in order to make the wedding a grand success.
A Medical Loan is extended by a bank or a financial institution under the category of personal loans. A medical loan can be used for multiple emergency purposes such as an operation, surgery, procedure, therapy or for any concern related to health.
Balance transfer is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also for better features. Balance transfer reduces your interest rates and finally ensure saving.
The Credit Card Payment Loan is designed to allow you to take control of your finances and pay your credit cards off faster. This is made possible by consolidating your high-interest card balances into one monthly payment at a fixed rate and term.
The Education Loan aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. Students enrolled in career-oriented courses e.g. medicine, engineering, management etc, can avail this.
Travel loan is a kind of Personal Loan that you can apply while planning a travel. It can help to cover the costs associated with your holiday, such as airfares, accommodation, hotel fares, tour packages, travel gears/accessories, or any other type of expenses associated with your travel.
Debt consolidation/ Financial Restructuring is a process to streamline one's financial stability and debt. Thus by consolidating many small debts with one debt, one gets favourable payment off terms and lower burden of EMI.
Home is the place where your story generates. Home Renovation Loans are designed for the purpose of renovating a house and can be taken by a person who owns the property to be renovated.

Disclaimer: LoanMoney is not a Loan Providing Organization. We are facilitating the Loan Process from various Banks & NBFC. The rate, eligibility criteria, term & conditions of various banks are subject to change as per bank discretion. We try our best to keep the data up-to-date, but we can't guarantee the accuracy of data provided in this site. LoanMoney help you to embark on your dream at the right time with many Banks/NBFC's Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements.

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