RBL Bank Flexi Loan

A RBL Bank Flexi Loan is a type of personal loan that provides flexible repayment options and attractive interest rates. It can be ideally used for various purposes, including debt consolidation, home renovation, medical emergencies, weddings, education, holidays, or nearly any of your personal needs. The maximum loan amount available is up to ₹ 20 lakh, and this can be obtained without the need for any collateral or guarantor. 

Furthermore, the bank offers easy-to-meet eligibility criteria, a paperless application process, and rapid fund disbursal. You can also apply online and potentially receive the necessary funds on the same business day, further enriching the overall appeal of this remarkable personal finance. So that you have a simpler financial life, Urban Money gives you a thorough rundown of this Flexi personal loan that RBL Bank is offering. Continue scrolling down to learn more.

Features and Benefits of RBL Bank Flexi Personal Loans

Let’s take a look at the applicable features and benefits of an RBL Bank Flexi loan.

• Flexible repayment options
• Zero prepayment fee
• No collateral required 
• Competitive interest rates
• Quick fund disbursement  

RBL Bank Interest Rate for Flexi Personal Loan

The applicable Flexi Loan interest rate and other key parameters are as follows: 

Eligibility Criteria 

Here are the eligibility criteria you need to fulfil to get your RBL Bank Flexi Loan application approved:

• You must be between 25 and 60 years old.
• You must have a minimum monthly income of ₹40,000.
• You must have at least 3 years of total work experience.
• You must be an Indian citizen.

Documents Required for a RBL Bank Flexi Personal Loan

To apply for a Flexi personal loan with RBL Bank, you’ll need to provide certain documents. These include proof of identity, such as your PAN card, driving license, passport, or Aadhaar card. Additionally, proof of address is required, which can be provided through utility bills, ration card, or Voter’s ID. You’ll also need to submit proof of income, which includes your salary slips from the last two months and bank statements from the past three months. Ensure you have these documents ready when applying for your Flexi personal loan to streamline the process. 

Difference Between Term Loan and Flexi Loan

Let’s examine the difference between a term loan and a flexi-loan: 

How Do I Apply for an RBL Bank Flexi Personal Loan Online at Urban Money?

You can apply for an RBL Bank Flexi loan by following the simple steps given below: 

• Visit the official website of Urban Money.
• Click on the “Loan” option, and then select “Personal Loan” from the horizontal menu bar on the home screen.
• You will be directed to a new page titled “Personal Loan.”
• Locate “RBL Bank” as you scroll down and click on the “Enquire Now” button.
• A short digital form will appear on your screen where you need to enter your name, mobile number, and city.
• A 6-digit OTP will be sent to your mobile number.
• Add the OTP and tap the “Submit” button.
• Our dedicated loan specialist will reach out to you within a day regarding RBL Bank and guide you until the loan amount is credited to your bank account.