About the bank

RBL Bank has earned appreciation in various national and international forums such as CNBC ASIA’s India Talent Management Award (2017); ‘India’s Best Bank (Growth)’ in the ‘Small-Sized Bank Segment’ by Business Today-KPMG Best Bank Study for six consecutive years (2012-17).

Why take personal loans from RBL Bank?

Unexpected situations which require urgent funds can crop up anytime in your life. Maybe it is to pay for children's studies, medical treatment or even simply just going on a vacation. It’s important to have a back up financial resource in order to get over the crisis and get back on your feet. A Personal Loan could help you in such times of requirements, without the need for collateral or guarantor. A personal loan is mainly a no-collateral, all-purpose loan, whose end use is not restricted. You can use the personal loan in any way you wish.

RBL Bank Personal loan

RBL Bank, one of the most admired banks in the country, provides attractive Personal Loans for all individuals’ various financial requirements at their time of financial emergencies. RBL bank Personal loan can be availed for any genuine personal credit requirement at the competitive rate of interest with a hassle-free loan amount disbursement. 

Interest Rate & Charges

General -Interest Rates

14.5% p.a. up to 23% p.a.

Loan tenure


Processing Fee

3% of the loan amount

Foreclosure charges

No pre-payment permitted until repayment of 12 EMIs. 5% of Principal outstanding

Till 18 EMIs paid and 3% of Principal outstanding if more than 18 EMIs paid.

Minimum Income

Minimum 25,000 PER MONTH

Loan Amount

1 Lakh to 20 Lakh

Minimum Age

25 years

Eligibility Criteria - RBL Bank Personal Loan

Eligibility for RBL bank personal loan is decided on the basis of certain parameters. A loan seeker must come under the below-mentioned eligibility criteria:

  • Age limit: The age of the RBL bank personal loan applicant should be minimum of 25 years and maximum up to 60 years. Moreover, the loan should be repaid at least one year before his/her retirement from service.
  • Service: loan applicant should be a permanent employee with a minimum of 1 years service at current employment & 3 years overall employment experience.
  • Minimum Income: individuals having minimum Gross Monthly salary of Rs.25,000/- are eligible for this loan.
  • Eligibility and EMI calculator: Now, you can easily evaluate and calculate your RBL Bank personal loan eligibility and RBL Bank personal loan EMI amount using utility tools like personal loan eligibility calculator and personal loan EMI calculator at These calculators will help you to determine your EMI outflow every month including the interest rate you will need to pay. Using the calculator at is free, easy and simple.

Document Required - RBL Bank Personal Loan

Individuals applying for RBL bank personal loan should pay attention towards documentation required to get the personal loan in RBL bank.

  • PAN Card – For Individuals
  • Identity Proof – Anyone (Voter ID/Driving License/Passport)
  • Address Proof – Anyone (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

Financial documents required for salaried employees

  • Latest 2 months pay slips and Form 16 issued by the employer.
  • Income documents of salaried spouse (in case of clubbing of income)

Features and Benefits - RBL Bank Personal Loan

RBL bank has attractive features & benefits from easy loan approval to a higher loan amount with flexible loan tenure. Here are some features & benefits of RBL bank personal loan:

  • You can avail a loan amount from 1 Lakh up to 20 Lakhs.
  • RBL bank provides convenient loan repayment option ranging from 12 to 60 months.
  • No security or collateral is required to avail a personal loan from RBL bank.
  • Documentation is simplified and quick
  • Attractive rate of interest
  • Hassle-free loan sanction and disbursal procedure
  • Loan payable in easy installment

Q1 How much loan amount can I borrow in a Personal Loan segment from RBL bank?
An individual can borrow a loan amount from Rs. 1 Lakh to Rs. 20 Lakhs depending on his/her eligibility basis the financial documents submitted, capacity to repay and loan amount limit in their respective location.
Q2 For how many months can I borrow a Personal Loan from RBL bank?
RBL bank offers convenient repayment options from 12 to 60 months. Tenure offered will be at the sole discretion of RBL Bank.
Q3 How will I repay my RBL bank Personal Loan?
RBL bank offers Personal Loan as a term loan which can be easily repaid in EMIs (Equated Monthly Installments). EMI can be conveniently paid through ECS facility, Standing Instruction to debit your RBL Bank account or through Post Dated Cheques with the EMI amount. You can calculate RBL bank personal loan EMI using personal loan EMI calculator at
Q4 Can I club my income with others to avail a higher Personal Loan from RBL bank?
Clubbing of income to get a higher loan amount is allowed with salaried spouse. Income of your spouse needs to be regular in nature and should be documented.
Q5 How long will it take for my Personal loan to be approved?
The RBL Bank would update you on the loan decision in approximately 3 working days from the date of receipt of the completed loan application form with all the required documents.
Q6 Is there any security or collateral that I need to provide to get a Personal Loan?
RBL Bank Personal loans are unsecured loans and hence you do not need to provide any Security or Collateral for availing the Loan.
Q7 Do I have to pay any Processing Charges to avail a Personal Loan?
A processing fee of up to 2.5% of the loan amount (plus Service Tax at the prevailing rate) is required to be paid. The processing fee will be deducted from the Loan Amount at the time of the disbursal of the loan.
Q8 Is there an option to prepay my RBL bank Personal Loan earlier? Are there any charges?
No foreclosure is allowed before the loan has completed 6 EMIs. On the other hand, you can prepay the Loan after having paid 6 EMIs with an applicable foreclosure charge. Foreclosure charge of 5% of the principal outstanding will be levied if you want to foreclose the loan before 12 months. Foreclosure charge of 3% of the principal outstanding will be levied post completion of 12 months of the loan though, Nil foreclosure charges are applicable if 12 EMIs are paid without any bounce and foreclosure is done using Own funds. A personal loan from RBL bank can be foreclosed by paying the foreclosure amount through a Demand Draft or Cheque at any branch of the RBL Bank.
Q9 Are there any benefits of having a Current/Saving Account with RBL Bank for my Personal loan?
You can get benefits of easier documentation if you have a Current / Savings Account with RBL Bank. You can also avail paying your EMI through Standing Instructions to debit your RBL Bank Account for the loan. This shall be taken into consideration at the time of disbursal of the loan.
Q10 Is there any requirement to present a guarantor to avail this loan?
No, there is no need of guarantor to apply for the loan.
Q11 Is there an age requirement that I have to meet before applying for the loan?
Yes, the applicant must be 25 years of age at the time of applying for the loan. At the time of maturity, the applicant must be either 60 years or of the retirement age.
Q12 Does the Bank have a minimum monthly salary requirement?
Yes, personal loan applicants need to have a minimum monthly salary of Rs.25, 000 to avail the loan.
Q13 Can an individual apply for an RBL Bank personal loan online?
Yes, you can conveniently apply for the RBL bank personal loan online through You can go to the personal loan section on our website and fill in an online application form by providing certain basic information. For any query about RBL Bank personal loan application, you can log on to or give us a call at 0120-411-0376 or mail us at
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