RBL Bank Personal Loan of 8 Lakh

You can now apply for an RBL Bank personal loan of 8 Lakh without ever leaving your couch. Eligible applicants may receive the funds within the same day or the next, making it faster and easier than ever before. The bank also does not require you to submit any collateral, which empowers you to secure the fund without endangering your valuable assets. Moreover, you can avail of more competitive interest rates, flexible repayment options, minimal documentation, and an online application process, making it a more borrower-friendly credit option. As it falls under the multipurpose personal finance category, you can use the loan amount for personal or professional needs. Hence, Urban presents a complete overview of an 8 Lakh personal loan with instant fund disbursement. Let’s scroll down to make a more informed decision. 

Personal Loan Options for 8 Lakh in RBL Bank

An instant 8 Lakh loan from RBL Bank is a multi-purpose credit option, allowing you to apply any of your personal needs, such as : 

• Finance a home renovation 
• Cover emergency expenses
• Consolidate your debts 
• Conduct a wedding
• Take a vacation
• Big purchases   

Features of Bank 8 Lakh Personal Loan

Here are the applicable features on an RBL Bank personal loan of 8 Lakh: 

• You can receive the cash within the same or the next business day.
• You are not required to pledge any collateral to secure the necessary funds.
• Competitive interest rates start at just 14% per annum.
• You can opt for a repayment tenure extending up to 60 months.
• You can apply for and obtain the loan amount online without visiting bank branches.

Can I Get an 8 Lakh Personal Loan Instantly From RBL Bank?

You can get an instant 8 Lakh loan from RBL Bank as you apply via Urban Money. Namely, Urban Money operates as an online platform hosting over 50 leading lenders throughout India, enabling you to compare all available options and apply for the one that best fits your needs. After you have submitted the loan application, our loan specialist will contact you regarding your chosen lender. They will also address any concerns or queries and guide you until the loan amount is deposited into your respective bank account. 

What Is the EMI for an 8 Lakh Loan?

Let’s examine the expected 8 Lakh personal loan EMI, with loan tenures ranging from 1 year to 5 years: 

Eligibility Criteria 8 Lakh Loan in RBL Bank

8 Lakh personal loan eligibility in RBL Bank is as follows: 

Documents Required 8 Lakh RBL Bank Loan

8 Lakh 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, voter’s ID, etc. 
• Proof of Income: Last 2-month salary slips

How to Apply for an 8 Lakh Personal Loan From Urban Money?

To apply for an RBL Bank personal loan of 8 Lakh, you need to follow the simple steps given below: 

• Visit the Urban Money website.
• Select “Personal Loan” from the “Loan” menu on the homepage.
• You’ll be redirected to a page titled “Personal Loan.”
• Scroll down to locate a list of leading banks/NBFCs in India.
• Find “RBL Bank” and click the “Apply Now” button.
• A short online form will appear 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 contact you shortly.