RBL Bank Personal Loan of 30000

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Hepson Franklin
Hepson Franklin
Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.
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Piyush Bothra
Piyush Bothra
Chief Financial Officer, Square Yards
Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

RBL Bank’s ₹30,000 personal loan is a swift credit option. The bank ensures eligible applicants can expect the funds to be credited to their applicable bank accounts within the same business day or the next. The bank also doesn’t demand applicants submit any collateral as well. Thus, applicants can secure the necessary funds without pledging their assets as collateral or security. The digital application process enables applicants to apply and submit the required documents online, eliminating the need to visit a bank branch. To know more about this remarkable credit option, keep scrolling down. We present a detailed overview of an instant ₹30,000 loan from RBL Bank.

Personal Loan Options for ₹30,000 in RBL Bank

You can ideally apply for an RBL Bank personal loan of ₹30,000 to meet any of your personal needs, such as: 

  • Settle high-interest debts like credit cards and conserve your hard-earned income.
  • Fund long-awaited home improvements such as painting, flooring, plumbing, roofing, etc.
  • Manage unexpected medical expenses, such as surgery, hospitalisation, medication, etc.
  • Purchase expensive items like furniture, appliances, electronics, jewellery, etc.
  • Plan much-needed vacations, such as a cruise, a safari, a ski trip, etc.

Features of Bank ₹30,000 Personal Loan

Below are the expected features of a ₹30,000 personal loan instant fund disbursement: 

  • Multi-purpose 
  • Collateral-free 
  • Attractive interest rates  
  • Minimal documentation 
  • Digital application  

Can I Get a ₹30,000 Personal Loan Instantly From RBL Bank?

You can apply for an instant ₹30,000 loan from RBL Bank via the official website of Urban Money. Urban Money is a fintech company offering various loan and credit products from 50+ lenders, including RBL Bank. Ideally, you can compare all the available credit options, check eligibility, determine expected EMIs, and apply for the most cost-effective option. Thus, a loan specialist from Urban Money will contact you within a day and guide you through the application process until the fund disbursement. You can typically expect to receive the fund within the same business day or the next.

What Is the EMI for ₹30,000 Loan?

The expected ₹30,000 personal loans EMI, varying loan tenure from 1 year to 5 years, are as follows:   

Loan Amount Interest Rate Loan Tenure EMI Amount Interest Payable Total Amount Payable
₹30,000 14% p.a. 1 year ₹2,694 ₹2,328 ₹32,328
₹30,000 14% p.a. 2 years ₹1,440 ₹4,560 ₹34,560
₹30,000 14% p.a. 3 years ₹1,025 ₹6,900 ₹36,900
₹30,000 14% p.a. 4 years ₹820 ₹9,360 ₹39,360
₹30,000 14% p.a. 5 years ₹698 ₹11,880 ₹41,880

Eligibility Criteria ₹30,000 Loan in RBL Bank

₹30,000 personal loan eligibility in RBL Bank are as follows: 

  • You must be aged somewhere between 25 and 60 years old. 
  • You must have a minimum monthly income of ₹40,000.
  • You must have at least 1 year of experience at your current organisation and 3 years of work experience.
  • You must be an Indian citizen.

Documents Required ₹30,000 RBL Bank Loan

₹30,000 personal loan documents in RBL Bank are as follows: 

  • Identity proof includes a PAN card, Driving license, Passport, Aadhaar card, etc.
  • Residential Proof includes Utility bills, ration card, voter’s ID, etc.
  • Income proof consists of the last 2-month salary slip.

How to Apply for ₹30,000 Personal Loan From Urban Money?

The online application process for an RBL Bank personal loan of ₹30,000 is as follows:   

  • Go to the Urban Money official website.
  • Tap “Loan” and select the “Personal Loan” option.
  • You will be directed to a new page titled “Personal Loan.”
  • An array of leading banks across India will appear as you scroll down. 
  • Locate “RBL Bank” and click the “Apply Now” button.
  • A brief digital form will appear on your display.
  • Enter your name, mobile number, and city.
  • You will receive a 6-digit OTP on your mobile.
  • Enter the OTP and click on the “Submit” button.
  • A loan expert from our team will contact you within a day.

Frequently Asked Question (FAQs)

How long does it take for RBL Bank to approve ₹30,000 personal loan?

You can typically expect the funds within 24 business hours.

What are the interest rate ranges for RBL Bank's ₹30,000 personal loans?

The interest rate for RBL Bank’s ₹30,000 personal loans can be between 14% and 23% p.a., depending on your profile and creditworthiness.

Can I apply for an ₹30,000 RBL Bank personal loan online?

Yes, you can apply for a ₹30,000 RBL Bank personal loan online via the official website of Urban Money.

Are there any hidden charges in RBL Bank’s personal loan agreements?

Besides interest rates, RBL Bank’s personal loan includes several charges like foreclosure charges, late payment fees, cheque swapping fees, loan cancellation fees, etc. It is recommended that the terms and conditions are carefully reviewed before finalising the loan agreement.

Urban Money