RBL Bank Personal Loan of 40000

RBL Bank personal loan ₹40,000 is an ideal credit option to meet your small-scale financial requirements. As it falls under the collateral-free credit option, you can obtain the required loan amount without pledging your assets as collateral or security. Once you have submitted the loan application, you can expect to receive the fund in as little as 24 hours. The bank can disburse the cash on time if you need funds to cover unexpected medical emergencies, short-term educational fees, or even small home improvement projects. Eligible applicants can avail of competitive interest rates, flexible repayment options, minimal eligibility criteria, and more. To make your financial life less difficult, Urban Money presents key details you might know before initiating your loan application. Let’s scroll down to know more.

Personal Loan Options for ₹40,000 in RBL Bank

An instant ₹40,000 loan from RBL Bank is a multi-purpose credit option, allowing you to apply any of your personal needs, such as : 

• Medical Emergencies
• Automotive Repair
• Debt Consolidation
• Home Renovation
• Planning holiday
• Conduct personal events   

Features of Bank ₹40,000 Personal Loan

Let’s examine the applicable features on a ₹40,000 personal loan instant fund disbursement: 

• You can have your loan approved in 1 day.
• You do not need to pledge any security or collateral.
• You can enjoy attractive interest rates, starting from 14% per annum.
• You can avail of a digital application process and minimal documentation.
• You can choose your preferred repayment tenure from 12 months to 60 months.
• You can use the loan amount for any of your needs without disclosing the details to the bank.

Can I Get a ₹40,000 Personal Loan Instantly From RBL Bank?

Getting an RBL Bank personal loan ₹40,000 is now faster than ever with Urban Money. Urban Money is an online fintech platform partnering with over 50 leading lenders across India. You can compare all the available credit options and apply for the one that perfectly aligns with your needs and preferences. As a result, you can expect the funds to be credited to your designated bank account in as little as 24 hours.  

What Is the EMI for ₹40,000 Loan?

Let’s examine the expected ₹40,000 personal loan EMI, with loan tenures ranging from 1 year to 5 years: 

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Interest Payable	Total Amount Payable
₹40,000	14% p.a.	1 year	₹3,591	₹3,092	₹43,092
₹40,000	14% p.a.	2 years	₹1,921	₹6,104	₹46,104
₹40,000	14% p.a.	3 years	₹1,367	₹9,212	₹49,212
₹40,000	14% p.a.	4 years	₹1,093	₹12,464	₹52,464
₹40,000	14% p.a.	5 years	₹931	₹15,860	₹55,860

Eligibility Criteria ₹40,000 Loan in RBL Bank

₹40,000 personal loan eligibility in RBL Bank is as follows: 

Age Limit	25 to 60 years
Employment Status	Salaried/Self-employed
Income requirement	₹40,000 per month
Work Experience	At least 3 years of work experience, with 1 year at the current job.
Nationality	Indian

Documents Required ₹40,000 RBL Bank Loan

₹40,000 personal loan documents in RBL Bank are as follows: 

Proof of Identity	Aadhaar card, PAN card, passport, driver’s license, etc.
Proof of Residence	Utility bills, ration card, or voter’s ID
Proof of Income	Last 2-month salary slips

How to Apply for ₹40,000 Personal Loan From Urban Money?

To apply for an RBL Bank personal loan of ₹40,000, you need to follow the simple steps given below: 

• Visit the official Urban Money website.
• Click “Loan” and then choose the “Personal Loan” option.
• You’ll be taken to a page titled “Personal Loan.”
• Scroll down to see a list of top banks in India.
• Find “RBL Bank” and click the “Apply Now” button.
• A short online form will pop up on your screen.
• Fill in your name, mobile number, and city.
• You’ll receive a 6-digit OTP on your phone.
• Enter the OTP and hit the “Submit” button.
• A loan specialist from our team will reach out to you shortly.