Rajasthan Marudhara Gramin Bank Personal Loan Approval Process

About Rajasthan Marudhara Gramin Bank Personal Loan

Rajasthan Marudhara Gramin Bank provides all kinds of financial services to its customers. It also provides a variety of benefits, offers and deals with low-interest rates in Personal loans. To know more about the procedure of personal loans, visit the official website of Dialabank. Dialabank is a financial service helpline that assists you with details, guidance and the entire procedure of documentation.

Rajasthan Marudhara Gramin Bank Personal Loan Eligibility

Particulars Salaried Self-Employed
Age 21 - 60 years 21 - 65 years
Minimum Income Rs.15,000* Rs.5 Lakh p.a.
Co-applicant Not mandatory Not mandatory
Loan Tenure 12 – 60 months 12 – 60 months
Maximum Loan Amount Rs.40 Lakh Rs.40 Lakh
Employment Type Employees of private limited companies and public sector undertakings
Self-employed individuals
Employment/Business Continuity At least 2 years; minimum 1 year with current employer
4 years Post Qualification experience for Doctors/ Chartered Accountants.
5 years Post Qualification experience for Company Secretary / Architect.
CIBIL Score 750 and above 750 and above
Residential Status
Resident Indian staying in own house or a rented house


*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000

Click here to know more about - Salaried Applicant
Click here to know more about - Self-employed Applicant

*Note: The eligibility criteria vary from lender to lender.

Check Personal Loan Eligibility with Top Lenders in 2021

Bank Age Limit Minimum Work Experience
Minimum Income (Per Month)
SBI Up to 76 years NA** Rs.15,000
HDFC 21 to 60 years 2 years Rs. 20,000
Private 23 to 58 years 2 to 5 years Rs.17,500
Axis 21 to 60 years NA** Rs.15,000
Kotak Mahindra 22 to 55 years 1 year Rs.25,000
Tata Capital 21 to 58 years 1 year Rs.15,000
IndusInd 21 to 60 years 2 to 5 years Rs.25,000
Ujjivan Small Finance 22 to 58 years NA**
Above the minimum wage limit
India Infoline Finance Limited 25 to 60 years 6 months to 2 years Rs.35,000
HDBFS 21 to 65 years 1 year to 3 years
Rs.15,000 for salaried
Rs.1 lakh p.a. for self-employed
Indian Overseas Bank Up to 58 years NA* Rs.5,000
IDFC First Bank 23 to 68 years 3 years NA*
Federal Bank 21 - 55 Years 3 years Rs.25,000
Punjab National Bank 21 – 58 years 2 years for doctors Rs.15,000
Andhra Bank 21 - 55 years NA** NA*
Canara Bank NA** NA**
Salaried: Rs.6,000 & above
Self-employed - Rs. 1.5 lakh
IDBI Bank Up to 75 years for Pensioners NA** Rs.1.5 lakh p.a.
Fullerton India 21 to 55 years 1 to 2 years Rs.15,000
RBL Bank 25 to 60 years 1 to 3 years Rs.25,000
Bank of Baroda 21 to 60 years 1 year to 2 years
60% of gross monthly income
Deutsche Bank 25 to 60 years NA** Rs.25,000
Karnataka Bank NA** 3 years NA*
United Bank of India up to 75 Years 2 years NA*
UCO Bank 21 to 65 years 1 year to 5 years Rs.20,000


*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions

Learn More about Personal Loan: Click Here

Documents Required for Rajasthan Marudhara Gramin Bank Personal Loan

Rajasthan Marudhara Gramin Bank Personal Loan Approval Process

Once your loan application is done and you have submitted it to the lender or bank, there is a certain approval process that takes place in order to approve your loan:

  • The bank checks your salary deposits, bank statements and all financial documents submitted by you.
  • The verification regarding your identity proofs will be checked by the bank based on your application.
  • Then the lender will check your CIBIL for credit score to check creditworthiness.
  • If your credit score is low, it can lead your loan application to rejection, so the Credit score should be higher than 750.
  • Your Credit Score needs to be high because it determines your eligibility and a good score increases your chances of getting a loan.
  • A tenure or loan amount will be decided based on your credit score, annual income, age and more.
  • On the basis of all these criteria, your loan and the amount will be approved.

Steps to Apply for Rajasthan Marudhara Gramin Bank Personal Loan 

These are the steps an applicant needs to follow in order to apply for a Personal Loan in Rajasthan Marudhara Gramin Bank:

  • There are two options to apply for personal loans, the Online method and in person. For the online method, visit the official website of Rajasthan Marudhara Gramin Bank. If you can’t apply online, then visit the nearest branch of the bank.
  • After reaching the nearest branch, the representative will explain the loan rates, eligibility, terms, processing fees and other clauses.
  • Now you need to fill in all the personal, professional and financial details the lender has asked for and then you need to submit the form.
  • Once you have submitted the form, the bank will check your provided information, including your eligibility and the available amount.
  • If the bank has accepted the application, then you will be asked to submit the necessary documents. You can also upload it online.
  • Then your documents will be processed by the bank. Now with the successful approval of the loan, your bank account will receive the funds immediately.

Rajasthan Marudhara Gramin Bank Personal Loan Approval Process FAQs

✅ What are the documents that can be submitted for Identity Proof? 

For Identity proof an applicant can submit documents like Aadhar Card, Passport, Driving License and others.

✅ What is the age eligibility to apply for a Personal loan in Rajasthan Marudhara Gramin Bank? 

The age eligibility to apply for a personal loan is 21 to 58 years old in Rajasthan Marudhara Gramin Bank.

✅ Why is Credit Score crucial in the approval of Personal loans?

A credit score is crucial because it determines the creditworthiness of the applicant and it helps the bank decides whether the loan should be approved or not, due to which Credit Score is important.