Frequently Asked Questions

How does R B Money Personal Loan benefit me?

R B Money offers a Personal Loan for any of your personal requirements. You can use it for your child’s higher education, purchasing consumer durables or a personal computer, a car or a two wheeler, to meet the expenses of family functions, to go on a vacation, to consolidate your expensive debt into a cheaper debt – or just about any personal payment requirement!

Who can apply for R B Money Personal Loan?

R B Money Personal Loan is currently available for salaried individuals, self-employed professionals and business owners. Existing R B Money customers with a Branch or a Mortgage relationship can avail of R B Money Personal Loan.

I am an existing R B Money Personal Loan customer. Can I get an additional loan amount?

Yes, you might be eligible for an additional amount if it has been a year or more since you have availed of your loan. To find out if you are eligible, please contact R B Money at loan@rbmoney.in.

How can I apply for R B Money Personal Loan?

Please fill the form in the Apply Now Menu in our website and our representatives will be glad to help you. You can contact us through Phone and representatives and we would be glad to take this forward.

What is a Personal Loan?

Personal Loans are the easy fast Loans offered to you by R B Capital Services Private Limited. You can use it for anything; e.g: to renovate your home, for your child’s education or for a celebration in the family. These loans range from Rs Rs.50,000 to 5 lakh* and are flexibly repayable in 12 to 60 months for Salaried individuals and Professionals / Self employed businessmen from 12-36 months.

How much is the loan amount that I can get?

You can avail of a loan from Rs.50,000-5 lakh* based on your income and repayment capacity. You can club the income of your spouse to increase your loan amount.

How many days does it take to process the loan?

On submission of your entire documents in accordance with the Company’s requirements it takes 72 hours. All loan approvals are at the discretion of the Company.

In whose name is the loan sanctioned? Is a third party cheque possible?

The Personal Loan cheque can be drawn either in the customer’s own name or can be drawn on any third party’s name as requested by the customer while signing up the agreement.

How do I repay the loan?

You can repay the loan over a period of 12-60 months in case if you are salaried or 12-36 months incase of you are a Self Employed Professional/Self Employed Businessman. Equated Monthly Installments (EMIs) can be paid either by post dated cheques, or through Cash.

What does the down payment cheque include?

The down payment cheque includes one monthly installment.

Do I have to offer any security or provide any guarantor for my Personal Loan?

To obtain the loans there is no need to provide any security or collateral.

Can I repay the loan earlier?

You can choose to repay the loan anytime after 6 months of availing the loan with a prepayment penalty.