RBL Bank Personal Loan for Lawyers

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Kirti Bansal

Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.

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Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

If you are a lawyer and need funds to meet your personal or professional needs, RBL Bank Lakh Personal Loan for Lawyers is a suitable option for you. This loan is designed to cater to the specific needs of lawyers, such as paying for legal fees, expanding your practice, buying office equipment, or taking a vacation. You can avail of this loan from RBL Bank without any collateral or guarantor and get instant approval and disbursal. You can also enjoy the benefits of low processing fees, minimal documentation, and flexible tenure ranging from 12 to 60 months. With RBL Bank Lakh Personal Loan for Lawyers, you can fulfill your dreams and aspirations without any trouble.

RBL Bank Personal Loan for Lawyers – Highlights

Following are the salient highlights of RBL Bank Personal Loan for Lawyers.

Feature	Description
Loan Amount	Up to Rs. 20 lakh
Interest Rate	Starting from 14% p.a.
Processing Fee	Up to 2.5% of the loan amount
Tenure	12 to 60 months
Prepayment Charges	5% of the principal outstanding
Foreclosure Charges	Nil after 12 EMIs
Part Payment Charges	Nil up to 25% of the principal outstanding in a year

Compare RBL Bank Lawyers Loan from other Banks

Here is a detailed comparison of different banks offering Lawyers loans:

Bank	Interest Rate	Loan Amount	Tenure
RBL Bank	14% – 23% p.a.	Up to Rs. 20 lakh	12 to 60 months
HDFC Bank	10.75% – 21.30% p.a.	Up to Rs. 40 lakh	12 to 60 months
ICICI Bank	11.25% – 22% p.a.	Up to Rs. 40 lakh	12 to 60 months
Axis Bank	12% – 24% p.a.	Up to Rs. 15 lakh	12 to 60 months
Bajaj Finserv	12.99% – 16% p.a.	Up to Rs. 25 lakh	12 to 60 months

RBL Bank Personal Loan for Lawyers – Fees and Charges

Apart from the interest rate and processing fee, there are some other fees and charges that you may have to pay for an RBL Bank Lakh Personal Loan for Lawyers. These include:

Cheque bounce charges: Rs. 500 per instance
Penal interest: 2% per month on the overdue amount
Loan cancellation charges: Rs. 1000
Duplicate statement charges: Rs. 250 per instance
Duplicate NOC charges: Rs. 250 per instance
Swap charges: Rs. 500 per instance
GST and other taxes as applicable

RBL Bank Personal Loan for Lawyers – Documents Required

You need to submit the following documents to apply for RBL Bank Lakh Personal Loan for Lawyers:

Identity proof
Address proof
Salary slips for the last 3 months, bank statements for the last 6 months, ITR for the last 2 years, etc.
Professional proof – Certificate of practice, bar council membership, etc.
Loan application form with passport-size photographs

RBL Bank Personal Loan for Lawyers – Eligibility Criteria

To be eligible for RBL Bank Lakh Personal Loan for Lawyers, you need to meet the following criteria:

You should be an Indian citizen and a resident of India
You should be a salaried or self-employed lawyer
You should be between 25 and 60 years of age
You should have a minimum net monthly income of Rs. 25,000
You should have a minimum work experience of 3 years and a minimum current employment of 1 year