RBL Bank Personal Loan of 7 Lakh

RBL Bank personal loan of 7 Lakh is a quick and easy credit option. You can ideally check your eligibility and submit the necessary documents and your loan application online, eliminating the need to visit bank branches. The bank guarantees that the funds will be disbursed within 24 business hours. You are further not required to provide any collateral either. To learn more about this borrower-friendly personal loan, keep scrolling down. Hereunder, Urban Money present a detailed overview of a 7 Lakh personal loan with instant fund disbursement. We primarily cover details about the RBI Bank 7 Lakh loan interest rate, eligibility criteria, required documents, expected EMIs, and more. Let’s dive in. 

Personal Loan Options for 7 Lakh in RBL Bank

You can typically use the RBL Bank personal loan of 7 Lakh for any purpose, including:  

• Debt Consolidation: You can consolidate your debts into one payment at a more favourable rate.
• Home Improvement: You can undertake remodelling, repairs, or expansions of your existing home.
• Medical Emergency: You can handle unexpected medical emergencies or any other sudden incidents.
• Take a Holiday: You can travel to your dream destination without worrying about the expenses and tickets.
• Conduct a Wedding: You can finance the costs of your own or a loved one’s wedding.

Features of Bank 7 Lakh Personal Loan

Below are the expected features of a 7 Lakh personal loan instant fund disbursement: 

• Collateral-free finance 
• Compitative interest rates  
• Minimal documentation 
• Digital application process 
• Quick fund disbursement   

Can I Get a 7 Lakh Personal Loan Instantly From RBL Bank?

Urban Money can empower you to secure an instant 7 Lakh loan from RBL Bank. Urban Money is an online platform featuring over 50 leading lenders across India. You can ideally compare all the available options and apply for the one that best suits you based on your needs and convenience. After you have submitted your loan application, our loan specialist will contact you regarding your chosen lender. They will further assist you if you have any concerns or queries and guide you until the loan amount is credited to your respective bank account.

What Is the EMI for a 7 Lakh Loan?

The expected 7 Lakh personal loans EMI, varying loan tenure from 1 year to 5 years, are as follows:   

Eligibility Criteria 7 Lakh Loan in RBL Bank

7 Lakh personal loan eligibility in RBL Bank are as follows: 

• The applicant must be aged somewhere between 25 and 60 years old. 
• The applicant must have a minimum monthly income of ₹40,000.
• The applicant must have 1 year of experience with their current employer and 3 years of work experience.
• The applicant must be an Indian citizen.

Documents Required 7 Lakh RBL Bank Loan

7 Lakh personal loan documents in RBL Bank are as follows: 

• Identity proof includes a PAN card, driver’s license, passport, aadhaar card, etc.
• Address Proof such as ration card, voter’s ID, utility bills, etc.
• Income proof consists of the last 2-month salary slip.

How Do You Apply for a 7 Lakh Personal Loan from Urban Money?

The online application process for an RBL Bank personal loan of 7 Lakh 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 online form will appear on your display.
• Enter your name, mobile number, and city.
• You will receive a 6-digit OTP on your phone.
• Input the OTP and click the “Submit” button.
• A loan expert from Urban Money will contact you within a day.