RbL Bank Personal Loan

Eligibility

RBL Bank can immediately verify your eligibility. We recommend that you check the eligibility criteria before applying for a personal loan. Then you can avoid rejection based on your qualifications.

Let's take a look at the eligibility criteria.

• Minimum monthly net income of 1 million won 40,000 per month The
• The minimum age to get a loan is 25.
• Maximum loan repayment age 60 years old or younger or full retirement age
• At least 1 year of work experience at the current job and 3 years of general work experience

DOCUMENTS REQUIRED

• Aadhaar Card/Passport/Voter ID/PAN Card (any one identity proof)
• Aadhaar Card/Passport/Phone or Electricity Bill/Driving License/Rent Agreement (any one address proof)
• Two recent passport-sized photographs
• 3-month salary slip for salaried individuals
• Bank statements for the past three months
• Audited financials for the last two years (for self-employed) or Form 16

PRECLOSURE + OTHER CHARGES

Prepayments are allowed only a year after the first EMI. If you want to prepay or foreclose your loan between 13 to 18 months, the bank charges a fee of 5% of your outstanding principal. If the payment is made after 18 months, you have to pay the bank a fee of 3% of your outstanding principal. If any prepayment or foreclosure is done after 12 regular EMIs using your own funds, the bank doesn’t charge any fee.