Willing to avail of a personal loan from a reputed lender that comes at the lowest personal loan interest rates? If yes, look no further as RBL Bank Personal Loan is here. With attractive interest rates enjoy the affordable EMIs that help in reducing your overall loan burden. In case you want to know more, read the page below.

RBL Bank Personal Loan Interest Rate March 2025

The table will help you with the current RBL Bank Personal Loan Interest Rates -

Particulars	Details
Interest Rates	Starting from 18% p.a.
Loan Amount	INR 3 lakh - INR 5 lakh
Repayment	12 months- 36 months

RBL Bank Personal Loan Eligibility Criteria

To avail of the personal loan in RBL Bank, you need to fit into the below eligibility criteria.

For Salaried

• Age: 25 to 55 years or up to retirement age.
• Income: Minimum net monthly income of ₹40,000.
• Work Experience: At least 3 years total experience, with 1 year in current job.
• Only Indian Residents Allowed 

RBL Bank Personal Loan Application Documentation Required

The next thing on which you need to pay attention to is the documentation required to get the personal loan from RBL Bank.

• Application Form – Duly signed with a recent colored photograph of the applicant.
• KYC Documents – Not required for application.
• Income Proof – No salary slip or bank statement is required.

For Existing RBL Bank Account Holders:

• Existing customers with unchanged details don’t need to submit additional documents. Pre-qualified customers can avail of pre-approved offers through a quick process at the branch. 

Once approved, the funds are instantly credited to the RBL Bank account.

Calculate RBL Bank Personal Loan EMI Monthly

With the help of this smart and time-saving device, it would be easier for you to know your EMIs of a personal loan. This tool lets you know the exact amount that you need to give away to the lender each month to repay your loan. To have a better understanding of the same, let’s just take an example below.

For example, Ritu Sharma is looking for a personal loan of ₹4 Lakh for a tenure of 3 years, and RBL Bank is ready to offer her the same loan amount at an interest rate of 18% per annum and say up to 23% p.a., then what would be her EMIs? Well, let’s find out the same, with the help of the Wishfin RBL Bank Personal Loan EMI Calculator online, whose calculations are listed below in the table for you to see.

TENURE	INTEREST RATE - 18% p.a.	INTEREST RATE - 23% p.a.
1	₹36,672.00	₹37,630.53
2	₹19,969.64	₹20,949.32
3	₹14,460.96	₹12,820.59

Fee/Charges of RBL Bank Personal Loan

Here are the additional fees/charges that are applied on the personal loan apart from the personal loan interest rates, make sure to go through them properly -

Processing Fee	A one-time processing fee of 2% of the loan amount
Full Repayment Terms	Prepayment/Foreclosure (within 18 EMIs): 5% of the outstanding principal. Prepayment/Foreclosure (after 18 EMIs): 3% of the outstanding principal. NIL Foreclosure Charges: Allowed if at least 12 EMIs are paid without any bounce and foreclosure is from own funds. Balance Transfer: Transfer to another financial institution is not considered as own funds.
Late Payment Charges	3% of the EMI amount + GST for missed or delayed payments.
Interest Reset Clause	The interest rate is subject to revision based on changes in the lender's MCLR or RBI directives.
Cheque Bounce Charges	Rs 250
Cheque swap charges	Rs 250
CIBIL Charges	Rs 50
Convenience Charges	Rs 999

Features and Benefits of RBL Bank Personal Loan

Here are the uses of RBL Bank Personal Loan:

• Home Improvement: Use the loan for repairs, renovations, and furnishings, including contractor payments and interior design costs.
• Marriage: Cover wedding expenses like venue booking, jewelry, and events without financial stress.
• Medical: Manage medical emergencies with quick disbursal and flexible repayment options.
• Education: Fund your or your child’s education, including college tuition and overseas study expenses.
• Holiday: Finance your dream vacation, covering expenses for travel, lodging, food, and shopping.

RBL Bank Personal Loan Customer Care Number

Feel free to clear all your queries related to the bank’s personal loan by dialing the 24X7 toll-free customer care number 

• +91 22 6115 6300 

• 1800-120-616161 ( toll-free number)

The executives will pick up your call on this number and solve your query at the earliest. 

Summary!

RBL Bank personal loan starts at 18% p.a. for loan amounts between ₹3 lakh to ₹5 lakh with a tenure of 12 to 36 months. The loan features quick approval, no need for KYC documents or income proof for existing customers, and funds are credited instantly upon approval.

FREQUENTLY ASKED QUESTIONS

1. What is the loan amount I can get with RBL Bank Personal Loan?

You can avail of a loan between ₹3 lakh to ₹5 lakh from RBL Bank Personal Loan. 

2. What is the interest rate for RBL Bank Personal Loan?

Interest rates start from 18% p.a. and can go up to 23% p.a. depending on the applicant’s profile for RBL Bank Personal loan.

3. What is the repayment tenure for the RBL Bank Personal Loan?

The repayment tenure ranges from 12 months to 36 months under RBL Bank Personal Loan.

4. What are the eligibility criteria for RBL Bank Personal Loan?

Here is the eligibility criteria required for availing RBL Bank Personal Loan - 

• Age: 25 to 55 years (or up to retirement age)
• Minimum net monthly income: ₹40,000
• Work experience: 3 years total, with 1 year in the current job
• Applicant must be an Indian resident. 

5. What documents are required to apply?

 

Here are the most important documents that are required while applying for the RBL Bank Personal Loan, rest will depend upon the applicant’s profile. 

• Signed application form with a recent colored photograph
• No KYC documents or income proof is required for existing RBL Bank account holders with unchanged details.