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RBL Bank Personal Loan Calculator

RBL Bank Personal Loan EMI Calculator, Jan 2022

Last Updated 14th Jan 2022

  • Personal loan EMI in RBL Bank depends upon loan amount, loan tenure, interest rate, monthly salary and company that you work for.
  • RBL Bank Personal Loan EMI Calculator is an online tool to estimate monthly EMI and its division into principal and Interest during the entire loan tenure.
  • Lowest monthly EMI is ₹ 2,327 per lakh on RBL Bank Bank personal loan as calculated using the lowest interest rate of 14.00% for the longest tenure of 60 months.
  • For example, the table below gives the EMIs on RBL Bank Personal Loan at different loan amounts and loan tenure, if taken at the lowest rate.
Loan Amount1 Year Loan3 Year loan5 Year loan
₹ 1 Lakh₹ 8,979₹ 3,418₹ 2,327
₹ 5 Lakh₹ 44,894₹ 17,089₹ 11,634
₹ 10 Lakh₹ 89,787₹ 34,178₹ 23,268

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Personal Loan EMI Calculator RBL Bank

RBL Bank Personal Loan EMI is a fixed amount of money paid by you to RBL Bank based on your loan amount, tenure and interest rate. Every month, it is due on a fixed day of the month till the loan is fully paid back. You can calculate your RBL Bank personal loan EMI in advance, to plan your loan payments and further expenses, using the Personal Loan EMI Calculator RBL Bank. The calculator functions on a mathematical algorithm and gives accurate results in no time.

Why should you use RBL Bank Personal Loan EMI Calculator?

  • Calculate the EMI within your budget: Helps you compare the EMIs with a different loan amount and tenure. Always talk to the bank to know the interest rate you will be eligible for RBL Bank personal loan which can range between 14.00% to 23.00%.
  • Compare RBL Bank personal Loan EMI: Helps you compare the estimated EMI on a personal loan from RBL Bank with that of leading banks in India using the same loan amount of upto ₹ 20 Lakh for a maximum tenure of 60 months, but at different interest rates.
  • Calculate interest on RBL Bank personal loan: You can calculate the split of total EMIs into interest and principal repayment on your loan from RBL Bank over the loan tenure.
  • Detailed amortisation schedule: This allows you to see the pace at which your principal amount will be repaid during the loan tenure month on month. This is helpful if you decide to prepay your loan at RBL Bank or balance transfer to another bank.

RBL Bank Personal Loan EMI Calculator to Estimate the EMI that Fits your Budget

Input different loan amounts and tenure at the eligible interest rate on RBL Bank Personal Loan EMI calculator to calculate various EMIs at different rates and tenure. The table captures the calculation of RBL Bank Personal Loan EMI Calculation at the various combinations of loan amount and years when taking at the lowest rate of 14.00%. So if you think that you can afford to pay an EMI of ₹ 10,000 in your budget, taking a ₹ 3 Lakh loan for 3 years or ₹ 5 Lakh loan for 5 years, maybe the right RBL Bank personal loan plan for you.Personal Loan EMI is calculated for RBL Bank for different loan amounts and tenures at the rate of 14.00%.

Loan Amount (Rs.)2 Years3 Years5 Years
1 Lakh ₹ 4,801 ₹ 3,418 ₹ 2,327
3 Lakh ₹ 14,404 ₹ 10,253 ₹ 6,980
5 Lakh ₹ 24,006 ₹ 17,089 ₹ 11,634
10 Lakh ₹ 48,013 ₹ 34,178 ₹ 23,268

Factors Affecting RBL Bank Personal Loan EMI

  • Loan amount – You will pay a higher EMI for the higher loan amount. RBL Bank gives a minimum loan of ₹ 1 Lakh and a maximum loan amount of ₹ 20 Lakh.
  • Interest rate - Higher interest rate increases your loan EMI as well as the total cost of the loan. RBL Bank personal loan interest rate for salary account holders can be lower than their quote rates, which can reduce the overall cost of loan and EMI. Lowest interest rate offered by RBL Bank is 14.00%. However, it is advisable to do complete market research and compare rates online before you apply for a loan.
  • Loan tenure – This is the period over which you can repay your loan in RBL Bank. So, your EMI will be lower if you take a 60months loan from RBL Bank as compared to a loan taken for 12months. The logic being that if you get a longer period to repay, you can repay in a smaller instalment.

Comparison of RBL Bank Personal Loan EMI with other Banks

Bank Name Interest Rate Loan Amount of ₹ 1 Lakh Loan Amount of ₹ 5 Lakh Loan Amount of ₹ 10 Lakh
RBL Bank14.00% ₹ 8,979 ₹ 44,894 ₹ 89,787
Muthoot 14.00% ₹ 8,979 ₹ 44,894 ₹ 89,787
Bank of Maharashtra 16.00% ₹ 9,073 ₹ 45,365 ₹ 90,731
IIFL 21.00% ₹ 9,311 ₹ 46,557 ₹ 93,114
HDB Financial 30.00% ₹ 9,749 ₹ 48,744 ₹ 97,487

RBL Bank Personal Loan Amortization Calculator

RBL Bank Personal Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. RBL Bank gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Personal Loan of ₹ 4 Lakh for 2 years from RBL Bank at an interest rate of 14.00%. EMI calculated for this loan amount is ₹ 19,205 and the total annual EMIs to be paid annually is ₹ 2,30,462. The EMI schedule of loan for 2 years is explained below in the table –

Amortization Schedule for a Personal Loan of ₹ 4 Lakh over the 2 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2022 ₹ 44,358 ₹ 1,86,103 ₹ 2,30,462 ₹ 2,13,897
2023 ₹ 16,565 ₹ 2,13,897 ₹ 2,30,462 ₹ 0

In the above illustration, on a RBL Bank Personal Loan of₹ 4 Lakh, taken at the lowest interest rate of 14.00, EMI paid is ₹ 19,205 and an annual total of EMIs is ₹ 2,30,462, the interest component is ₹ 44,358 while the principal component is ₹ 1,86,103 in year 1 of loan disbursement. You repay only 46.53% of the total principal after paying 12 EMIs during the first year.

RBL Bank Personal Loan Interest Calculator Formula

RBL Bank calculates personal loan EMI based on the following formula

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how RBL Bank Personal Loan EMI is calculated:

In the above formula,

P = Loan amount.RBL Bank personal loan amount can range from ₹ 1 Lakh to ₹ 20 Lakh.

r = Rate of interest per month. The current RBL Bank Personal Loan rate is 14.00%.
n = Tenure in month. This can range up to 60months in case of RBL Bank.

How to use RBL Bank Personal Loan EMI Calculator

  • RBL Bank personal loan calculator are online tool which give out EMI calculations using a combination of loan amount, interest rate and loan tenure.
  • RBL Bank EMI calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears meaning interest is charged for the month preceding the EMI payment date and not in advance.

RBL Bank Personal Loan EMI for ₹ 1 Lakh

The following table shows RBL Bank Personal Loan EMI for ₹ 1,00,000 for different tenures at an interest rate of 14.00%

Loan AmountInterest RateTenure(Year)EMI
₹ 1,00,00014.00% 1₹ 8,979
₹ 1,00,00014.00% 2₹ 4,801
₹ 1,00,00014.00% 3₹ 3,418
₹ 1,00,00014.00% 4₹ 2,733
₹ 1,00,00014.00% 5₹ 2,327

RBL Bank Personal Loan EMI for ₹ 3 Lakh

The following table shows RBL Bank Personal Loan EMI for ₹ 3,00,000 for different tenures at an interest rate of 14.00%.

Loan AmountInterest RateTenure(Year)EMI
₹ 3,00,00014.00% 1₹ 26,936
₹ 3,00,00014.00% 2₹ 14,404
₹ 3,00,00014.00% 3₹ 10,253
₹ 3,00,00014.00% 4₹ 8,198
₹ 3,00,00014.00% 5₹ 6,980

RBL Bank Personal Loan EMI for ₹ 5 Lakh

The following table shows RBL Bank Personal Loan EMI for ₹ 5,00,000 for different tenures at an interest rate of 14.00%.

Loan AmountInterest RateTenure(Year)EMI
₹ 5,00,00014.00% 1₹ 44,894
₹ 5,00,00014.00% 2₹ 24,006
₹ 5,00,00014.00% 3₹ 17,089
₹ 5,00,00014.00% 4₹ 13,663
₹ 5,00,00014.00% 5₹ 11,634

RBL Bank Personal Loan EMI for ₹ 10 Lakh

The following table shows RBL Bank Personal Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 14.00%.

Loan AmountInterest RateTenure(Year)EMI
₹ 10,00,00014.00% 1₹ 89,787
₹ 10,00,00014.00% 2₹ 48,013
₹ 10,00,00014.00% 3₹ 34,178
₹ 10,00,00014.00% 4₹ 27,326
₹ 10,00,00014.00% 5₹ 23,268

How to Pay RBL Bank Personal Loan EMI?

There are various online & offline methods to pay your RBL Bank Personal Loan EMI. To repay your RBL Bank EMI online, you can log in to your net banking account or else you can also use the mobile banking of RBL Bank. RBL Bank also allows you to pay EMI through ECI or standing instructions or a cheque facility by visiting the nearest RBL Bank branch.


Why should I calculate RBL Bank loan EMI before taking a loan?

It is advised to calculate personal loan EMI in advance before taking a personal loan. There are several benefits of calculating your RBL Bank personal loan EMI. For instance, if you want to avail RBL Bank personal loan at the lowest rate of 14.00% and your monthly EMI, which comes out at ₹ 2,327 is more than your monthly budget. You have the chance to apply for a lower loan amount that fits your monthly budget and makes EMI easily affordable. In addition, if you already know the EMI you have to pay each month, you can plan your expenses accordingly. Finally, based on the EMI amount, you can opt to make a prepayment of your loan in the future when you have a surplus amount.

What is the lowest EMI per lakh offered by RBL Bank on a personal loan?

RBL Bank offers a personal loan at a 14.00% interest rate for a maximum of 60 months, and hence lowest EMI per lakh loan amount is ₹ 2,327. However, RBL Bank may offer a lower interest rate to you if you hold your salary account with the bank or if you are an existing customer.

How can I pre-close RBL Bank personal loan?

You can pre-close your RBL Bank personal loan by visiting the branch with the required set of documents. Submit the form of preclosure, pay the amount and take the acknowledgement of the balance amount that you have paid.

What are the prepayment charges on RBL Bank ?

RBL Bank offers you an option of prepayment after 18 months at 3%-5%.You have to pay these charges if you decide to pay the loan amount before the due date.

Is there any processing charge on a personal loan from RBL Bank?

Yes, RBL Bank charges a certain amount of processing fee to process your loan application. Currently, RBL Bank charges a processing fee of Upto 3.5% on a Personal Loan.

Will I get a personal loan from RBL Bank if I have a bad credit score?

No, for taking a loan from RBL Bank, you must have a good credit score of 700 and above. Usually, most banks avoid giving loans if you have a low credit score.Also, availing a personal loan at low cibil score might fetch you a high RBL Bank personal loan rate.

What is the EMI for a₹ 20 Lakh personal loan in RBL Bank Bank?

At the current rate of 14.00%, EMI on RBL Bank personal loan for loan amount ₹ 20 Lakh varies based on the loan tenure. For instance, for 2 year, 3 year and 6 years, EMI is ₹ 1,65,204, ₹ 1,77,053 and ₹ 2,15,170 respectively.

Can I have a co-applicant while applying for a Personal loan with RBL Bank ?

Yes, you can opt for a co-applicant to take a personal loan from RBL Bank that will increase your loan eligiblity as the income of the co-applicant is also taken into account.

Can we pay more than EMI in RBL Bank personal loan?

If you have funds, then you can pay more than the regular EMI on your RBL Bank Personal Loan. This will reduce your interest burden along with the outstanding principal. You can also pay one additional EMI every year to reduce loan tenure and in turn interest amount.

How can I pay my RBL Bank loan EMI?

You can pay the RBL Bank personal Loan EMI by using the ECS facility or standing instruction. You can also visit the branch and submit the EMI cheque or can opt for automated deductions from your salary account.

Compare Personal Loan EMI of All Banks

RBL Bank Personal Loan Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 1800-123-8040
Ahmedabad 1800-123-8040
Ambala 1800-123-8040
Anand 1800-123-8040
Aurangabad Bihar 1800-123-8040
Bangalore 1800-123-8040
Bhilai 1800-123-8040
Bhilwara 1800-123-8040
Bhiwadi 1800-123-8040
Bhopal 1800-123-8040
Bhubaneswar Cuttack 1800-123-8040
Bikaner 1800-123-8040
Chandigarh 1800-123-8040
Chennai 1800-123-8040
Cochin 1800-123-8040
Coimbatore 1800-123-8040
Dehradun 1800-123-8040
Delhi 1800-123-8040
Durg 1800-123-8040
Faridabad 1800-123-8040
Gandhinagar 1800-123-8040
Ghaziabad 1800-123-8040
Goa 1800-123-8040
Greater Noida 1800-123-8040
Gurgaon 1800-123-8040
Guwahati 1800-123-8040
Gwalior 1800-123-8040
Hyderabad 1800-123-8040
Indore 1800-123-8040
Jabalpur 1800-123-8040
Jaipur 1800-123-8040
Jalandhar 1800-123-8040
Jodhpur 1800-123-8040
Kanpur 1800-123-8040
Karnal 1800-123-8040
Kolhapur 1800-123-8040
Kolkata 1800-123-8040
Kota 1800-123-8040
Kozhikode 1800-123-8040
Lucknow 1800-123-8040
Ludhiana 1800-123-8040
Madurai 1800-123-8040
Meerut 1800-123-8040
Mehsana 1800-123-8040
Mohali Sas Nagar 1800-123-8040
Mumbai 1800-123-8040
Mussoorie 1800-123-8040
Nagpur 1800-123-8040
Nashik 1800-123-8040
Noida 1800-123-8040
Noida Extn 1800-123-8040
Panipat 1800-123-8040
Patna 1800-123-8040
Pondicherry 1800-123-8040
Pune 1800-123-8040
Raipur 1800-123-8040
Rajkot 1800-123-8040
Ranchi 1800-123-8040
Rohtak 1800-123-8040
Roorkee 1800-123-8040
Salem 1800-123-8040
Shimla 1800-123-8040
Sonipat 1800-123-8040
Surat 1800-123-8040
Trichy 1800-123-8040
Udaipur 1800-123-8040
Vadodara 1800-123-8040
Varanasi 1800-123-8040
Vijaywada 1800-123-8040
Vizag 1800-123-8040

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RBL Bank Personal Loan Reviews 4.5/5  by 14 customers
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Banks Service
prakash subramanian, Coimbatore
Reviewed on 03rd Jun 2019
5 / 5 stars
RBL Bank Personal Loan Availed in May 2019

Excellent customer support provided by MyLoanCare. Thankyou.

Asha D, Hyderabad
Reviewed on 03rd Jun 2019
4 / 5 stars
RBL Bank Personal Loan Availed in May 2019

Applied for the loan and it was granted on time but the rate of interest is more than what we have eRead more...

Vignesh V, Coimbatore
Reviewed on 22nd May 2019
4.5 / 5 stars
RBL Bank Personal Loan Availed in May 2019

Great response. Thank you for the support for getting loan immediately.Read more...

Omkar gadde, Hyderabad
Reviewed on 14th May 2019
5 / 5 stars
RBL Bank Personal Loan Availed in May 2019

Thanks for giving me personal loan. Thanks to both, MyLoanCare and RBL Bank.Read more...

susmit chandra, Pune
Reviewed on 17th Aug 2018
2.5 / 5 stars
RBL Bank Personal Loan Availed in Aug 2018

They should have helped me to get my full loan applied amountRead more...

Paras Malhotra, Delhi
Reviewed on 31st Jul 2018
5 / 5 stars
RBL Bank Personal Loan Availed in Jul 2018

Perfect Service. The executive I am in touch with Harshit is really supportive.Read more...

Paruchuri Rajesh, Hyderabad
Reviewed on 31st May 2018
5 / 5 stars
RBL Bank Personal Loan Availed in May 2018

nothing special to tell, they helped me in most of the loan processRead more...

Paras Malhotra, Delhi
Reviewed on 24th Apr 2018
4 / 5 stars
RBL Bank Personal Loan Availed in Apr 2018

My Loan Care’s experience was perfect but Bank need to improvise their internal communication. Read more...

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RBL Bank Personal Loan News - Jan 2022
  • 2021-03-09 : RBL Bank planning branch expansion
    RBL Bank plans aggressive branch expansion over the next few years and target to open at least 75 new branches annually. The expansion will help the bank to increase its loan and deposits portfolio.
  • 2021-01-28 : RBL Bank posted a Q3 net profit of ₹147 crore
    RBL Bank reported a 110% rise in its net profit year-on-year at ₹147 crore in the quarter ended December 31, 2020. In the corresponding quarter, the bank posted a net profit of ₹6,995 crore. The bank’s total revenue backed by home, personal, car, two-wheeler and gold loans along with business and mudra loans grew by 6% year-on-year to ₹1,488 crore .
  • 2020-10-30 : RBL Bank Q2 net profit surges to ₹144 cr
    RBL Bank reported almost a three times increase in profit in the quarter ended September backed by retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans. Further, Net profit rose to Rs 144 crore in the quarter ended September 2020 up from Rs 54 crore a year earlier supported by 23% growth in retail advances year on year even as wholesale advances continued to shrink.
  • 2020-07-29 : RBL Bank posted a net profit of Rs. 141. 22 crores for June quarter.
    RBL Bank reported a net profit of ₹ 144 crores for Q1 FY 2021 against loss of Rs. 3,801 crores for Q1-FY 2020. NII aided by home, personal, gold, car and two-wheeler loans along with business and mudra loans stood at Rs. 1,773 crores. Further, Cost of Deposit which includes FD and RD improved by 64 bps to 4.65% and CASA increased to ₹ 1,04,315 crore as on June 30, 2020
  • 2019-04-15 : Bajaj Finserv RBL Bank SuperCard offers 5% cash back on shopping
    The SuperCard which has been jointly announced by the NBFC Bajaj Finserv and private sector lender, RBL Bank in 2017 is offering attractive cashback of up to 5% on shopping. The offer is available to all the SuperCard members from 20th March to 20th June where you can avail cashback of up to Rs. 1,000 per transaction. Besides this, the NBFC is also planning to achieve significant growth across is personal loans and fixed deposits.
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