RBL Bank offers applications for a loan online. Using this option anyone can apply for the loan online and avail of the funds. There is a process where the documents are sent to the client to e sign and submit once the approval process is done.
The client can then sign these documents and get the funds in their accounts. The client has the option of not availing of the loan before signing the documents. Once the documents are signed the amount is disbursed to the account of the person availing the loan.
If you sign the loan documents, this indicates that the agreement for terms and conditions is done and thus the loan amount is disbursed.
The eligibility criteria for availing of the RBL Personal loan :
- Minimum age 25 years maximum age 60 years
- Minimum 1 year of experience for salaried person
- The minimum monthly income is Rs. 40,000