RBL Bank Personal Loan of 2 Lakh

RBL Bank provides a 2 Lakh personal loan instantly for those needing financial flexibility, offering the opportunity to borrow up to 2 Lakhs. With a focus on meeting diverse financial requirements, such as consolidating debts or covering unforeseen expenses or important life milestones, the RBL Bank personal loan of 2 Lakhs is particularly notable for its flexibility and accessibility. The interest rate for this loan amount is determined competitively, considering the borrower’s creditworthiness, income, and other relevant factors, allowing repayments to be easily managed and customised to suit each individual’s financial circumstances. 

With RBL Bank, applicants can expect a streamlined application process, minimal documentation requirements, and quick disbursal of funds, making it a convenient choice for those needing immediate financial support. The bank’s commitment to providing transparent and customer-friendly services is evident in its clear communication of terms, interest rates, and fees associated with a 2 Lakh personal loan.

Personal Loan Options for 2 Lakh in RBL Bank

An RBL Bank personal loan for 2 lakhs can serve various financial needs, offering flexibility and immediate liquidity to borrowers. Here are some options for a personal loan of 2 Lakh from RBL Bank:

• Debt Consolidation
• Medical Emergencies
• Home Renovations
• Wedding Expenses
• Education Costs
• Travel
• Big-Ticket Purchases
• Business Expansion

Features of Bank 2 Lakh Personal Loan

Let’s take a look at some of the features of a 2 Lakh personal loan with instant approval: 

• Unsecured Loan
• Flexible Repayment Tenure
• Competitive Interest Rates
• Quick Loan Disbursal
• Minimal Documentation
• No End-use Restriction
• Online Application Process

Can I get a 2 Lakh Personal Loan Instantly from RBL Bank?

Getting a 2 Lakh personal loan instantly from RBL Bank is possible, provided you meet their eligibility criteria and have all the required documents ready. RBL Bank offers fast processing for personal loans, aiming to meet the urgent financial needs of its customers. 

What is the EMI for a 2 Lakh  Loan?

The EMI for a 2 Lakh loan at an interest rate of 18% per annum, over a tenure of 1 year, would be approximately ₹18,336. ​​

Eligibility Criteria for a 2 Lakh Loan in RBL Bank

RBL Bank provides a specially tailored personal loan exclusively for individuals with a savings or salary account with RBL Bank. The specific requirements for eligibility are outlined as follows:

• Exclusively available to individuals residing in India
• Applicant must be aged between 25 and 55 or have reached retirement age
• To qualify, applicants must have a minimum net monthly income of Rs 40,000 
• A total of 3 years of work experience, with at least 1 year in their current job.

Documents Required 2 Lakh RBL Bank Loan

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

• Application form duly signed with a coloured photograph of the applicant
• No KYC Documents are required
• No salary slip or bank statement is required

Once the necessary paperwork is confirmed, the personal loan application process is complete. RBL Bank uses a straightforward approach to authenticate your information. If you are already a customer of RBL Bank and your details have not changed, no additional documents are required. Customers who have been pre-approved can conveniently access their pre-approved offer at any RBL Bank branch. After sanctioning the loan, the funds will be promptly transferred to your RBL Bank account.

How to Apply for a 2 Lakh Personal Loan From Urban Money?

The application process for an RBL Bank personal loan of 2 Lakh is outlined below:

• Visit the official website of  Urban Money (www.urbanmoney.com)
• Choose “Loan” and “Personal Loan” to access a comprehensive list of top lenders in India.
• To apply for a loan with RBL Bank, click the “Apply Now” option next to the bank logo and complete an online form with your personal information.
• We send a unique 6-digit code to your phone number, which you must enter and submit. Within 24 hours, our professional will contact you to discuss your loan options.