RBL Bank Personal Loan of 10 Lakh

Big dreams and unforeseen challenges are part of life’s journey—whether orchestrating an extravagant wedding, updating your home to reflect your style, or advancing your academic pursuits. A financial helping hand is often needed to bring these visions to life. RBL Bank’s 10 Lakh Personal Loan steps in as an easy, adaptable financial aid aimed at making your dreams achievable. It immediately provides the required assistance thanks to straightforward online application processes, favourable interest rates, and transparent conditions.

Personal Loan Options for 10 Lakh in RBL Bank

There is no other loan scheme in RBL Bank that offers personal loans for 10 Lakhs. 

Features of Bank 10 Lakh Personal Loan

Explore the distinctive features of RBL Bank’s personal loan to cater to your varied requirements like:

• Access up to INR 20 lakhs to meet diverse financial needs.
• Flexible repayment options range from 12 to 60 months.
• Benefit from the convenience of an unsecured loan without the need for collateral.
• Experience swift approval processes and straightforward documentation.
• Take advantage of competitive interest rates for cost-effective borrowing.
• Utilize the loan for a range of purposes, including home improvements, educational expenses, or unforeseen emergencies.

Can I Get a 10 Lakh Personal Loan Instantly from RBL Bank?

Although RBL Bank is dedicated to ensuring speedy processing, approving a 10 Lakh personal loan might not be immediate. Approval times can vary and are subject to factors like documentation completeness, eligibility criteria, and the verification process.

What is the EMI for a 10 Lakh Loan?

Here is a table to get an idea about the EMI of a 10 Lakh personal loan at an interest rate of 14%.

Eligibility Criteria 10 Lakh Loan in RBL Bank

To determine if you qualify for RBL Bank’s 10 Lakh personal loan, keep these essential eligibility requirements in mind:

• The age range for applicants is 25 to 60 years.
• A monthly income of at least Rs 40,000 is necessary.
• A minimum of 3 years in total work experience, with at least 1 year with the present employer, is required.
• A credit score above 750 is generally preferred.
• Additionally, your job position, employer’s standing, and credit history are important factors in the assessment.

Documents Required 10 Lakh RBL Bank loan

For your application for a 10 Lakh personal loan from RBL Bank, make sure to gather the following documents:

• Identification Proof: Aadhar, passport, driving license, or PAN card.
• Address Verification: Voter ID, driving license, passport, or recent utility bills.
• Income Documentation: Salary slips and bank statements.
• Employment Confirmation: Employment certificate or offer letter.
• Photograph: A recent passport-sized photo.
• Application Form: Ensure it’s fully filled out and signed.

How Do You Apply for a 10 Lakh Personal Loan from Uban Money?

To streamline your application for a 10 Lakh RBL Bank personal loan through Urban Money, follow these simplified steps:

• Click on the provided link to access the personal loan section of our website.
• Locate the RBL Bank personal loan option and select “Apply Now.”
• A form will appear. Enter your personal information such as name, phone number, and city, and then verify your number with an OTP.
• After submitting the form, your part is done. Relax while we process your application.
• An Urban Money executive will contact you to collect the necessary documents, ensuring a hassle-free experience.