FAQ
General Questions
The loan amount depends on the type of loan and your eligibility.
- Gold Loan: Based on gold purity & weight.
- Education Loan: Covers tuition + living expenses, subject to
repayment capacity.
- Business Loan: Based on turnover, business plan & credit score.
- Home Loan: Depends on property value & your income.
- Vehicle Loan: Based on vehicle cost & repayment ability.
Yes. Most loans allow prepayment or foreclosure before the tenure
ends.
Some loans may have a nominal prepayment fee, while others (like
gold loans) usually have no penalty for early closure.
Yes. You can transfer your existing loan from another lender to RB
Credits for better interest rates, flexible repayment, or higher
top-up eligibility.
This is available for home, vehicle, business, and education loans.
You should apply as soon as you have a clear financial requirement,
supporting documents, and repayment plan.
- Education Loan: Before the start of your academic session.
- Business Loan: Before expansion or working capital needs.
- Gold Loan: Anytime you need urgent funds.
- Home/Vehicle Loan: After finalizing your property or vehicle.
Required documents vary by loan type but usually include:
- Identity proof, address proof, income proof.
- For Gold Loans: Gold ornaments & KYC documents.
- For Education Loans: Admission letter, fee structure, academic
records.
- For Home/Vehicle Loans: Property/vehicle documents.
- For Business Loans: Business registration, ITRs, bank statements.
Approval and disbursal time depends on the loan type:
- Gold Loan: Same day (within hours).
- Business/Vehicle Loan: 2–4 working days.
- Home Loan: 5–7 working days (due to property verification).
- Education Loan: 3–5 working days after documentation.
About RB Credits Loan
RB Credits operates across multiple locations in India with both
online and offline loan application services. You can apply from
anywhere through our website or visit our nearest branch for
personalized assistance.
We provide a wide range of loans, including:
- Gold Loans – instant funds against gold jewellery.
- Home Loans – buy or construct your dream home.
- Education Loans – finance higher studies in India or abroad.
- Vehicle Loans – for new or pre-owned vehicles.
- Business Loans – for working capital, expansion, or equipment.
- Personal Loans – for weddings, travel, medical, or other needs.
Eligibility varies by loan type, but generally:
- Age: 18 to 65 years.
- Income: Minimum ₹15,000 per month for most loans.
- Credit Score: As per loan product requirement.
- For gold loans: Only gold purity and valuation matter; no income proof required.
Loan disbursal time depends on the type of loan:
- Gold Loan – Within 30 minutes of gold valuation.
- Personal/Vehicle Loan – 24 to 48 hours after document verification.
- Home/Education Loan – 5 to 7 working days depending on processing.
Yes, we offer refinancing and balance transfer options for home
loans, personal loans, vehicle loans, and business loans. This
allows you to shift your existing loan to us at better interest
rates and flexible terms.
After You Apply
You can apply anytime you have a financial requirement — whether for
buying a home, funding education, starting a business, purchasing a
vehicle, or managing personal expenses.
For time-bound needs like education fees or property booking, apply
at least 2–4 weeks in advance for smooth processing.
Funding speed depends on the loan type and completeness of your
documents.
- Gold Loan: Often within a few hours.
- Personal/Vehicle Loan: Usually 1–3 working days.
- Home/Business Loan: Typically 5–15 working days due to
verification and valuation processes.
Keeping documents ready speeds things up.
A comparison rate includes both the interest rate and most fees and
charges of a loan,
giving you the total cost in a single percentage figure.
It helps you compare loans from different banks/financers more
accurately than just looking at the interest rate.
Only borrow what you truly need and can comfortably repay.
Consider the purpose:
- Education: Cover tuition, books, and living expenses.
- Home Loan: Match to your property budget and repayment
capacity.
- Business Loan: Align with your business plan needs.
Remember — borrowing more than required increases interest costs.
Common Loan Queries
Most loan approvals — whether for gold, home, education, vehicle, or
business — remain valid for a limited period, typically 15 to 60
days depending on the lender.
This ensures your interest rate and terms remain fixed during that
time.
If you do not complete the documentation or disbursement process
within the validity period, the lender may reassess your
application, which could lead to changes in interest rates or even
re-verification of documents.
It’s always best to act quickly after approval to lock in the agreed
terms.
Eligibility varies by loan type:
- Gold Loan: You need to own gold jewellery or coins of required purity (usually 18K and above) and provide a valid ID.
- Home Loan: A stable income, good credit score, and age within the lender’s limit at loan maturity are key.
- Education Loan: Admission proof in a recognized institution, along with a co-borrower in most cases.
- Vehicle Loan: Minimum income criteria, address proof, and repayment ability.
- Business Loan: Proof of business existence, income documents, and financial stability records.
Setting up automatic payments is a simple way to ensure you never
miss an EMI.
Most lenders offer options such as:
- ECS (Electronic Clearing Service): Your EMI is automatically debited from your bank account on a fixed date.
- Standing Instruction: You authorize your bank to make the payment to the lender every month.
- Online Mandates: Using net banking or mobile apps, you can set up recurring payments linked to your loan account.
After You’re Approved
Most loans from RB Credits do not include hidden service charges.
However, certain loans
(like gold or vehicle loans) may have a one-time processing fee or
valuation fee, which will
always be communicated to you upfront before you sign any agreement.
No monthly “service fee”
is charged unless explicitly mentioned in your loan terms.
After approval, the loan amount is usually transferred directly to
your registered bank
account. For education loans, funds may go directly to the
institution. For vehicle or
home loans, payments can be made to the seller or builder. Gold
loans are typically credited
to your bank account within a few hours of completing documentation.
You can pay your EMIs through automatic bank debit, online net
banking, mobile UPI, or
visiting our branch. We strongly recommend setting up auto-debit to
avoid late fees. You
can also pay in advance or make part-prepayments on most loans
without extra charges,
depending on the loan type.
Yes, you can foreclose your loan before the original tenure. Many of
our loans, like gold
loans and education loans, have zero prepayment penalties. For some
loans, especially
fixed-rate home or business loans, a small foreclosure fee may
apply. This will be clearly
mentioned in your loan agreement.
If you miss an EMI, a late payment fee and interest on the overdue
amount will be charged.
Missing multiple EMIs can impact your credit score and may result in
legal action or
repossession (for secured loans). Always inform us in advance if you
expect a delay so we
can help you restructure payments.
