A personal loan is a standard loan that you can avail of from RBS Loan Prime Membership Card. There is no need to pledge any collateral to avail of it. All you must do is apply online, and you will be able to use the loan amount however you like.
Getting approval for the application process for a personal loan via RBS Loan is easy. You need to keep all your documents ready as the documents vary from one lender to another. However, the approval of most applications mostly depends on your credit history.
RBS loan has the most straightforward application process to apply for. However, the minimum salary required is ₹15,000 for non-metro cities and ₹20,000 for metro cities.
Here are the requirements you need to meet:
You can use the handy personal loan EMI Calculator to determine your monthly installments.
The banks review an application for a loan by considering the following factors:
Applicants can borrow the loan amount up to ₹25 lakhs with RBS Loan Prime Membership Card without having to pledge any assets. They can repay the loan over a flexible 6 to 60 months period.
A personal loan may have an interest rate ranging from 12.99% to 35%, depending on the lender. Bank is subjective to applicant's documents.
A credit score of 750 or higher is considered healthy and can significantly boost the chance of being approved for a personal loan. However, every lender has a different eligibility criterion and all rights are reserved upon them for the approval of a loan.
When the economy is in a slump, it can be a good solution. Getting a loan is an ideal way to meet an immediate financial need in various situations, from wedding expenses to home renovations to medical emergencies, since they are easy to get, fast to disburse, and do not require collateral.
A business loan is an unsecured loan that is designed to cover various deficits in a small scale or big scale businesses without promising any collateral.
You can avail loan up to Rs 2 Crore through Buddy Loan online with business loan eligibility criteria. Once you submit the application you will be acknowledged well within 48 hours.
Getting approval on your business loan online via RBS loan Crown Membership Card, the application process is easy. Please keep the latest documents required by the organization. The eligibility criteria differ marginally with different organization.
However, most often the approval is mostly dependent on your credit history. You could also check refer: your eligibility criteria here
For more information, please refer to ELIGIBIITY CRITERIAS
And many more emergency purposes.
It takes less than 48 hours for acknowledging the business loan. However, the applicant has a higher benefit of fastest loan approval over a good credit score.
Following documents are required for availing a business loan
You can borrow up to Rs.2 Crore without pledging any asset. And can repay the loan amount through a tenure from 6 months to 60 months.
Any credit score that is 750 or above is considered good.
The minimum annual turnover is defined by your lender and varies from bank to bank.
Self-employed professionals, entrepreneurs, business owners, Micro-Small and Medium Enterprises (MSMEs), sole proprietorships, private and public can avail MSME loans.
A membership card serves as proof that a person is an RBS Loan member. A member has access to the portal for RBS Loan using the card.
RBS Loan offers two types of membership cards:
Prime card for Personal Loan
Crown card for Business loan.