RBL Bank Personal Loan Indore - Rates February 2024, IFSC, Eligibility, EMI

RBL Bank Personal Loan in Indore

About RBL Bank Personal Loan Indore

When it comes to a personal loan, the borrower looks for a lender that can give them a higher loan amount with the facility of a rate that is affordable. One of the best lenders in Indore who can give both these facilities with easy documentation involved is RBL Bank. Yes, the personal loan at RBL Bank gives you a higher loan amount option at an interest rate which is one of the lowest interest rates on personal loans. So, check eligibility now and apply now for a personal loan at your nearest bank branch.

RBL Bank Personal Loan in Indore at a Glance

Interest Rate14.00% - 23.00%
Loan amountUp to ₹20 lakhs
TenureUp to 5 years
Processing Fee3% of Loan amount Charges for late payment of EMI 2% additional interest per month on overdue EMI

Eligibility Criteria

The eligibility criteria to apply for a personal loan at RBL Bank in Indore is as follows:

  • Minimum net monthly income of ₹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.

Documents Required

Below is the documents checklist that an applicant must have at the time of applying for a personal loan at RBL Bank is as follows:

  • PAN Card – For Individual
  • Identity Proof – Any one (Voter ID / Driving License / Passport)
  • Address Proof – Any one (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
  • Income Proof
  • Bank statements

For more information, read Personal Loan Indore

Address of RBL Bank Branches in Indore

Branch NameComplete AddressIFSCMICRContact Number
IndoreThe Ratnakar Bank Ltd, Shop No.3, Ground Floor, The Grace, Plot No. 1& 2, Kibe Compound, Indore-452001RATN0000164 NON-MICR9833666862

  • Personal Loan Interest Rates February 2024
    HDFC Bank10.75% - 14.50%
    ICICI Bank10.75% - 19.00%
    IndusInd Bank10.25% - 26.00%
    Kotak Bank10.99%
    RBL14.00% - 23.00%
    SMFG India Credit12.00% - 24.00%
    Standard Chartered Bank11.49%
    Tata Capital10.50% - 24.00%