RBL Bank Personal Loan of 6 Lakh

Are you in need of a personal loan to address your immediate financial requirements? Whether it’s financing your dream wedding, refurbishing your home, covering your child’s education expenses, or planning a vacation, a personal loan offers a convenient and adaptable solution. However, selecting the appropriate lender, determining the loan amount, navigating interest rates, and setting a repayment period can be challenging. To assist you, we’ve put together an exhaustive guide on the RBL Bank Personal Loan for 6 Lakhs, a highly sought-after and appealing financial product in the market. Continue reading to discover everything about this loan, including its features, advantages, eligibility criteria, and how to apply.

Personal Loan Options For 6 Lakh In RBL Bank

RBL Bank is one of the leading private sector banks in India, offering a range of banking and financial services to its customers. Among its various loan products, the RBL Bank Personal Loan is a popular choice for salaried individuals who need instant funds for various purposes. RBL Bank offers personal loans of up to Rs. 20 lakhs, with interest rates starting at 14% per annum onwards. You can choose a loan amount that suits your needs, from Rs. 1 lakh to Rs. 20 lakhs, depending on your income, credit score, and repayment capacity. For example, if you need a loan of Rs. 6 lakhs, you can apply for RBL Bank Personal Loan 6 lakhs and get the funds disbursed to your bank account within 24 hours of approval.

Features Of Bank 6 Lakh Personal Loan

The RBL Bank Personal Loan of 6 lakh offers a streamlined and convenient borrowing experience with the following simplified features:

• You can easily apply for the loan online via the RBL Bank website, the Urban Money app, or by visiting a branch.
• Approval within a few hours, and funds deposited into your account within 24 hours.
• Flexible repayment period from 12 to 60 months, with options for early repayment at a nominal fee.
• Interest rates start at 14% annually, varying based on factors like income and credit score. Special rates may apply for certain groups.
• Only basic documentation is required, including ID, address, income proof, and bank statements.
• It’s an unsecured loan, meaning no collateral or guarantor is needed; approval is based on creditworthiness.

Can I Get A 6 Lakh Personal Loan Instantly From RBL Bank?

Yes, you can get a 6 lakh personal loan instantly from RBL Bank if you meet the eligibility criteria and have a good credit score. The bank has a quick and hassle-free application process, which allows you to get the loan approved and disbursed within 24 hours. You can apply for the loan online, through the RBL Bank or the Urban Money website, or offline, by visiting the nearest RBL Bank branch. You just need to fill out a simple application form, upload or submit the required documents, and wait for the bank to verify your details and approve your loan. Once your loan is approved, the bank will transfer the loan amount to your bank account within 24 hours.

What Is The EMI For A 6 Lakh Loan?

The EMI for a 6 lakh loan depends on the interest rate and the tenure that you choose. You can use the RBL Bank Personal Loan EMI Calculator to find out the exact EMI amount that you will have to pay every month. The EMI calculator is a handy tool that helps you plan your budget and repayment schedule. You just need to enter the loan amount, interest rate, and tenure, and the calculator will show you the EMI amount, the total interest payable, and the total amount payable. For example, if you take a 6 lakh loan at an interest rate of 14% per annum for a tenure of 5 years, your EMI will be Rs. 13,915, the total interest payable will be Rs. 2,34,897, and the total amount payable will be Rs. 8,34,897.

Eligibility Criteria 6 Lakh Loan In RBL Bank

Following are the eligibility criteria you need to meet for the RBL Bank personal loan of 6 lakh:

• You must be an Indian citizen residing in India.
• You must be a salaried individual working with a reputed organisation, such as a government, public, or private sector company.
• You must be between 25 and 60 years of age.
• You must have a minimum monthly income of Rs. 25,000 if you live in a metropolis, or Rs. 20,000 if you live in a non-metropolitan city.
• You must have a minimum of 1 year of work experience and a minimum of 6 months with your current employer.
• You must have a good credit score of 750 or above, with no defaults or delays in your previous loan or credit card payments.

Documents Required 6 Lakh RBL Bank Loan

To apply for the RBL Bank personal loan 6 lakh, you need to submit the following documents:

• Identity proof
• Address proof
• Income proof
• Photograph

How To Apply For 6 Lakh Personal Loan From Urban Money?

Urban Money is a leading online platform that helps you compare and apply for various loan products from different lenders, including RBL Bank. You can apply for a RBL Bank personal loan 6 lakh from Urban Money in a few simple steps:

• Visit the Urban Money website or download the Urban Money app from the Google Play Store or the Apple App Store.
• Select the Personal Loan option, and enter the loan amount, interest rate, and tenure that you want.
• Compare the various loan offers from different lenders, and choose the one that suits your needs and preferences.
• Fill out the online application form and upload the required documents.
• Wait for the verification and approval of your loan application from the lender.
• Once your loan is approved, the loan amount will be disbursed to your bank account within 24 hours.