Learn the various RBL Bank Loans Features and Eligibility & Apply For One Online

Posted by  Fintra , updated 2021-11-10

Learn the various RBL Bank Loans Features and Eligibility & Apply For One Online

Be it anything you desire, even if it’s not within your budget and/or wish to save now to spend later, loans are always the safest option to opt for. However, one vital fact to note is that loans come not for free, they have charges and one must fulfil its requirements as well. RBL Bank offers various loans such as RBL Bank Personal Loan, RBL Bank Home Loan, RBL Bank Car Loan, RBL Bank Education Loan, RBL Bank Affordable Housing Loan, RBL Bank Loan Against Property, and RBL Bank Business Loan. By applying for one of these loans, anyone can easily satisfy all its desires and dreams.

Various benefits are involved in taking a loan instead of other forms of credit. One of the benefits is to promptly access the funds at better interest rates than a credit card. However, bear in mind that with a loan, one has to be sure that it can pay back the entire amount as agreed every month because there's no option to either pay less or a minimum like there is with revolving credit. In this blog, Fintra will disclose some of the RBL Bank Loans details and their eligibility:

  1. RBL Bank Affordable Housing Loan Features and Eligibility Criteria
  2. RBL Bank Loan Against Property Features and Eligibility Criteria
  3. RBL Bank Home Loan Features and Eligibility Criteria
  4. RBL Bank Overdraft Against Property Features and Eligibility Criteria
  5. RBL Bank Business Loan Features and Eligibility Criteria
  6. RBL Bank Personal Loan Features and Eligibility Criteria
  7. RBL Bank Car Loan Features and Eligibility Criteria
  8. RBL Bank Working Capital Finance Features and Eligibility Criteria
  9. RBL Bank Education Loan Features and Eligibility Criteria

RBL Bank Affordable Housing Loan Features and Eligibility Criteria

                      RBL Bank Affordable Housing Loan

With RBL Bank Affordable Home Loans, you can transform your dream home into a reality. RBL Bank gives home loans with easy documentation and quicker processing. Hence, without any further delays, own your dream house today! Do note that you can avail PMAY subsidy of up to Rs. 2.67 Lakhs from the central government on the purchase of your first home.

Product Features

Eligibility & Loan Criteria

RBL Bank Loan Against Property Features and Eligibility Criteria

It doesn't matter whether an individual is salaried or self-employed, the RBL Bank Loan Against Property recognises the actual value of a property to meet your personal and business requirements.

Product Features

Eligibility & Loan Criteria

Salaried Individuals

Self-Employed Individuals and Professional

                        RBL Bank Loan Against Property Home Loan

RBL Bank Home Loan Features and Eligibility Criteria

With RBL Bank Home Loans you can own your dream home as soon as possible! The RBL Bank gives home loans with faster processing and easy documentation to enable you to own your dream house without any delays. The bank even gives an “Easy Home Loan” product that enables to save interest on the home loan and repay its loan faster.

Product Features

Eligibility & Loan Criteria

Salaried Individuals

Self-Employed Individuals and Professionals

RBL Bank Overdraft Against Property Features and Eligibility Criteria

With the Drop-line Overdraft Against Property facility, one can easily manage the fund requirements for business needs and pay for what it uses only. For self-employed customers, the Drop-line Overdraft Against Property is an overdraft facility against property as collateral.

Product Features

Eligibility & Loan Criteria

RBL Bank Business Loan Features and Eligibility Criteria

                     RBL Bank Business Loan

To service short-term finance and working capital requirements, the RBL Bank Business Loans will be a perfect solution to opt for. With RBL Bank by your side, one can focus on developing its business while the bank takes care of financing the business expansion needs.

Product Features

Eligibility & Loan Criteria

RBL Bank Personal Loan Features and Eligibility Criteria

                     RBL Bank Personal Loan

Wish to plan a dream vacation but don't have enough funds, or seeking funds to pay for a wedding? Don't be disheartened. You can opt for RBL Bank’s personal loan and fulfil all your desires!

In our daily life, unexpected expenses pop up at any point in time. Be it for emergency medical expenses, a child’s education expenses, or even a wedding in the family. Hence, RBL Bank Personal Loan will help to take care of such needs. One can acquire up to Rs. 20 Lakh at attractive interest rates starting from 14%.

Product Features

Eligibility & Loan Criteria

RBL Bank Car Loan Features and Eligibility Criteria

                      RBL Bank Car Loan

If you are dreaming of purchasing your dream car then opt for RBL Bank New Car Loans. Now owning a new car has become quick and easy; that too at attractive options offered by RBL Bank.

Product Features

Eligibility & Loan Criteria

Salaried Individuals

Segment

Tier1 - Small

Tier2 - Compact

Tie3 - Mid-sized

Tier4 - Large-sized

Premium Cars

Minimum Income

Rs.1 Lakh

Rs. 1.5 Lakhs

Rs. 3.5 Lakhs

Rs. 5.5 Lakhs

Rs. 9 Lakhs

 

Self-Employed Individuals / Professionals 

Segment

Tier1 - Small

Tier2 - Compact

Tie3 - Mid-sized

Tier4 - Large-sized

Premium Cars

Minimum Income

Rs.1 Lakh

Rs. 1.5 Lakhs

Rs.3 

Lakhs

Rs. 4 Lakhs

Rs. 7.5 Lakhs

 

RBL Bank Working Capital Finance Features and Eligibility Criteria

In a business progression, the RBL Bank are always ready to take care of its inventory and receivable funding. They will support the day to day expenses related to the ongoing needs that will take care of the monthly commitments like salary, electricity etc. Stay focussed on the business when opting for RBL Bank’s Working Capital Finance, which is going to improve its liquidity. 

Product Features

Eligibility & Loan Criteria

If the applicant is in the business of trading, manufacturing, or services, then it can apply for the Working Capital Finance. Following are a few basic eligibility criteria for it:

RBL Bank Education Loan Features and Eligibility Criteria

                        RBL Bank Education Loan

With RBL Bank's easy and convenient Education Loan pursuing higher education has become much easier. The RBL Bank Education loan is a tenor based instalment loan, which could be availed for higher education in India and/or abroad.

Product Features

Eligibility & Loan Criteria

Conclusion

As we read above, there are various sorts of loans offered by RBL Bank. The Bank may provide a loan that can either be secured or unsecured. Usually, people go for secured loans because it has lower interest rates and offers a large sum of funds, which can be used for purchasing a car and/or a house. On the other hand, unsecured loans are very common forms of personal loans, which have higher interest rates and are provided for smaller amounts for purposes such as home renovation, and so on. However, do bear in mind the maximum loan amount you can avail depends on your collateral capacity and credit report.

                      RBL Bank Secured Loan and Unsecured Loan

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