RBL Bank Government Employees Personal loan

Get in Touch for Personal Loan Expert Advice
Connect with our Personal Loan Advisor Now!
  • Personalized Personal Loan solutions
  • Expert guidance
  • Application assistance
  • Credit score discussion
  • Personal Loan Interest rate comparison
+91
Choose City

Written By
Thejus KS
Thejus KS
A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.
Reviewed By
Amit Prakash Singh
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.

RBL Bank Government Employee Personal Loan caters to the distinct needs of government sector employees, allowing them to avail themselves of funds for various personal requirements, whether for home renovation, education, a dream vacation, or emergency financial needs. With competitive interest rates and minimal documentation requirements, RBL Bank ensures a smooth and quick processing experience, making it easier for government employees to manage their finances without unnecessary stress. By choosing RBL Bank’s Government Employees personal loan, borrowers can expect a supportive financial partner committed to helping them achieve their personal goals and aspirations.

RBL Bank Personal Loan for Government Employees – Highlights

Here is a concise tabular representation of the highlights of the RBL Bank Personal Loan for Government Employees:

FEATURE DESCRIPTION
Target Group  Government Employees
Interest Rate 14 to 23%
Loan Amount From INR 1 lakh up to INR 20 lakhs
Loan Tenure 12 to 60 months
Collateral  N/A

Comparison of RBL Bank Government Employees Loan with Other Banks

For a comparative overview, let’s compare RBL Bank’s Government Employees Personal Loan with similar products from other banks.

Bank Name ROI Processing Fee Loan Amount Loan Tenure
Kotak Mahindra Bank 10.99% onwards Up to 3%  Rs 40 lakh 6 years
Axis Bank 10.49% onwards Up to 2%  Rs 40 lakh 7 years
SBI  10.55% onwards Up to 0.75%  Rs 35 lakh 6 years
Union Bank 10.60% onwards 0.50% of the loan amount Rs 15 lakh 6 years
HDFC Bank 10.50% onwards Upto Rs 4999 Rs 40 lakh 6 years

RBL Bank Personal Loan for Government Employees- Fees and Charges

Below is a table summarising the potential fees and charges associated with the RBL Bank Government Employees’ Personal Loan.

Fee/ Charge Type Amount Charged
Interest Rate Ranging from 14 to 23% 
Processing Fee Up to 3.5% of the loan’s total value
Pre-Payment Fee 3%-5% on the outstanding principal
Overdue Interest 2%

RBL Bank Personal Loan for Government Employees – Documents Required

Here are the required documents you may submit along with your RBL Bank government employee personal loan application:

  • Identity Proof (Aadhaar/ Passport/ Valid Driving License/ Voter ID Card)
  • Address Proof (Aadhaar/Voter ID Card/ Valid Driving License/ Valid Passport/ Utility Bill (Electricity/Telephone/Mobile) ) 
  • Salary Credit Bank Statements from the last 3 months
  • Employment Proof: A government-issued employment ID card or the latest Employment Certificate
  • Recent passport-sized photographs

RBL Bank Personal Loan for Government Employees – Eligibility Criteria

The RBL Bank personal loan eligibility for government employees depends on the following criteria:

  • The applicant must be a permanent employee of the central or state government, including departments, ministries, and public sector undertakings.
  • Minimum age at loan sanction – 25 years
  • Maximum age at loan maturity – lower than 60 years
  • Work Experience of minimum 1 year at current employment and 3 years of total employment experience
  • Minimum net monthly income of INR 40,000 per month

Personal Loan By Banks

Urban Money