When you have paid all the EMI dues, the loan will be automatically closed and you will be sent a NOC from the bank upon verification of all your dues. If you wish to pre-close your RBL Loan, you can approach the nearest branch to do so. 

You can also call their ‘Xperience Centre’ at +91 22 61156300 for more details on how to pre-close your RBL loan. 

RBL Bank offers a number of retail loans to eligible applicants – 

  • Personal Loan
  • Business Loan
  • Home Loan
  • Loan Against Property
  • Overdraft Against Property
  • Affordable Housing Loan
  • Working Capital Loan
  • Car Loan
  • Education Loan

RBL Bank offers a convenient online loan application to remove the hassle of running around bank branches to get your loan approved. It also comes with simple documentation needs and quick loan processing times to put the much needed funds in your hands on time. 

Once you have availed a loan, you can pre-close it any time after 12 EMIs.

The pre-closure charges for RBL Personal Loans are given below - 

Prepayment/ foreclosure charges

  • Prepayments are allowed only a year after the first EMI
  • Prepaying between 13-18 months - fee of 5% of outstanding principal
  • Prepayment after 18 months - fee of 3% of outstanding principal