Personal Loan from RBL Bank
A personal loan is a need for those who want to get instant funds for your emergency in your family, siblings weeding, renovation home, and other requirements. Get a personal loan from the RBL bank can be used for a variety of end uses. With the RBL bank, you can borrow up to INR 20 lakh and get approval on it with minimum documentation.
Basic Details About RBL Bank
RBL Bank or we can say Ratnakar Bank is a private sector bank of India, for offering services across six verticals; commercial banking, corporate and institutional banking, branch and business banking, development banking and financial inclusion, retail assets, and treasury and financial market operations. The bank was founded as a regional bank of Maharashtra in August 1943.
| Eligibility for a personal loan | Candidates should be above the age of 21 years and should be able to provide the required KYC documents. |
| Annual Percentage Rate (APR) | 13.99% |
| Payable Loan Processing Charges | 2.5 % + GST |
| Period for Repayment (Loan Tenure) | 60 Months |
| Foreclosure Charges | 24 % p.a on the amount outstanding from the date of default |
| Maximum Loan Amount | 20 lakh |
| Late Payment | 13-18 Months: 5% > 18 Months: 3% foreclosure charges |
| Part-payment Charges | Not Allowed |