® 
When compared to other lenders, RBL Bank offers competitive interest rates on their personal loan. RBL Bank personal loans have a low interest rate and no hidden fees, making them a promising and viable option for borrowing for your urgent financial needs. The bank offers convenient repayment options for their personal loans. RBL Bank personal loans do not create a significant strain on consumers due to their long duration and part-prepayment options.
RBL Bank personal loans can be repaid in one of three ways.
SI (Standing Instruction):
Standing Instruction is the ideal method of personal loan repayment if you already have an account with RBL Bank. Your EMI will be automatically debited from the RBL Bank account you designate at the end of the monthly cycle.
Electronic Clearing Service (ECS):
Use this mode if you have a non-Bank of India account and would like your RBL PDCs (Post-Dated Cheques):
Post-dated EMI cheques:
This is suitable for non-RBL Bank accounts and can be submitted to your local RBL Bank Loan Centre. A new set of PDCs must be submitted in a timely way. Please keep in mind that Post Dated Cheques will only be accepted at non-ECS locations.
It is advised that you utilise either the SI or ECS mode of payment because they are speedier and less prone to error than PDCs. Setting up RBL personal loan EMIs to be paid automatically from your account every month ensures that you don’t miss any payments and incur high interest charges.
