RBL Bank Personal Loan of 9 Lakh

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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.

Life throws big dreams and unexpected challenges our way—be it planning a lavish wedding, renovating our dream home, or pursuing higher education. Sometimes, we only need a financial boost to achieve these dreams. Enter RBL Bank’s 9 Lakh Personal Loan: a simple, flexible financial solution designed to turn your aspirations into reality. With easy online applications, competitive rates, and clear terms, it’s the support you need, exactly when you need it.

Personal Loan Options for 9 Lakh in RBL Bank

There is no other loan scheme in RBL Bank that offers personal loans for 9 Lakhs. 

Features of Bank 9 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 9 Lakh Personal Loan Instantly from RBL Bank?

Although RBL Bank is dedicated to ensuring speedy processing, approving a 9 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 9 Lakh Loan?

Here is a table to get an idea about the EMI of a 9 Lakh personal loan at an interest rate of 14%.

Tenure(Months) Monthly EMI
12 ₹ 80808 
24 ₹ 43212
36 ₹ 30760
48 ₹ 24594
60 ₹ 20941

Eligibility Criteria 9 Lakh Loan in RBL Bank

When assessing your eligibility for RBL Bank’s 9 Lakh personal loan, consider the following key criteria:

  • Applicants should be between 25 to 60 years old.
  • A minimum monthly income of around Rs 40,000 is required.
  • You should have a total work experience of 3 years, including at least 1 year with your current employer.
  • A credit score of 750 or higher is typically favored.
  • Factors such as your job role, your employer’s reputation, and your credit history also play a significant role.

Documents Required 9 Lakh RBL Bank loan

For your RBL Bank 9 Lakh personal loan application, ensure you have:

  • Aadhar, passport, driving license, or PAN card.
  • Voter ID, driving license, passport, or utility bills.
  • Salary slips and bank statements.
  • Certificate or offer letter.
  • Recent passport-size picture.
  • Fully completed and signed.

How Do You Apply for a 9 Lakh Personal Loan from Uban Money?

To streamline your application for a 9 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.

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Frequently Asked Question (FAQs)

How long does it take to get an RBL Bank personal loan for a wedding?

Getting an RBL Bank personal loan for a wedding is easy and quick. It only takes a few days to process and approve the whole process.

What are the interest rate ranges for RBL 9 Lakh personal loans?

The interest rates for RBL Bank’s 9 Lakh personal loans start from 14% and may increase to 23% annually.

Can I apply for a 9 Lakh RBL’s personal loan online?

Yes, you can apply for a 9 Lakh RBL personal loan online through their official website or mobile app.

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

RBL Bank aims for transparency in its personal loan agreements, but borrowers should review terms carefully.

Urban Money