Whether it’s paying the credit card bill, planning a family vacation or renovating your home, it would not be wrong to say that a personal loan comes handy to meet your varied needs. This is the reason that why it is always in demand amongst many borrowers. Now, as far as availing the same is concerned, many reputed lenders are there that offer you the same credit facility.
So, it would be a problem, how to choose the best lender amongst many. So, if you are also going through the same dilemma as which lender offers the best personal loans deal, we are here to help. How about Ratnakar Bank Limited? Sounds good? Wanna know more? Let’s just go through this article below.
RBL Bank Personal Loan-An Intro
Talking about this lender, it is undoubtedly a renowned name in the industry. And, as far as offering RBL Bank personal loan is concerned, there is no denying the fact that this bank is considered to be an ideal choice for the same. No matter what personal requirements you have, this lender with its best of services caters to your needs in the best way. This lender is offering the credit to the applicants at an attractive rate and flexible tenure options to choose from. Talking about the loan amount, it is also up to an extent, where all your needs can easily be fulfilled.
RBL Bank Eligibility Criteria
Before availing any sort of credit facility, it’s the eligibility norm that most of the lenders look into. Yes, an applicant has to meet the required criteria set by a bank such as age,income, credit score, job stability, work experience and relationship with a lender so as to easily get the loan. Your personal loan eligibility is calculated on the above points and if an applicant meets each criteria, it would be a hassle-free journey for him/her.
Personal Loan Equated Monthly Installments
If you want to enjoy a hassle-free journey, it is important that you should be aware of your monthly installments first. Yes, it would be better that your EMIs should be pocket-friendly so that you can easily repay your loan in the future. And, in order to know the same, you can use a RBL bank personal loan EMI calculator online. Yes, this smart and magical device with its well-designed algorithms allows you to know the exact and accurate calculations of not only your monthly installments but Interest Outgo as well.
Personal Loan Interest Rate
Talking about RBL Bank personal loan interest rate, at present, this lender is offering the credit to one and all at a rate that ranges between 13%-18% per annum. Yes, this range allows you to enjoy a hassle-free journey. Now you must be wondering how, isn’t it? Well, with the lowest personal loan interest rates, your equated monthly installments and Interest Outgo can also be reduced, which means less burden will be there on your shoulders as far as repayment is concerned.