Royal Bank of Scotland was established in Edinburgh, and they started their operations in India since 1921. With in-depth local knowledge and a fantastic global network, Royal Bank of Scotland (RBS) meets clients requirements for various financial services. Most of their clients are blue-chip Indian corporations, leadings MNCs, large financial institutes, India Government, and individuals with high net-worth. They serve over 30 million people worldwide in various countries like United Kingdom, Europe, the Americas, the Middle East, and Asia.
To apply for a Royal Bank of Scotland Personal loan, you need to meet the below eligibility criteria:
You would also require to have a set of documents that will need to be provided, this is generally the documents required by any bank and isn’t too much to fill up. The documents you will need are:
If you think that your CIBIL score doesn’t matter while applying for a personal loan from Royal Bank of Scotland, think again because it’s one of the biggest deciding factors. The score actually determines your ability to get the loan and gives a history of how you make your payments towards the loan. The higher you CIBIL score the better, the scores range from 300 - 900 any score above 700 is a great score and will help your chances of getting the loan. The score is a calculation based on your credit or loan history, including previous loans, credit cards, applications of loans, credit cards etc. Any bank will first check your CIBIL score and if they find you have a poor score then your application gets rejected at the very beginning.
Following the below steps will help in increasing your eligibility for a personal loan from Royal Bank of Scotland, without the hassles:
A. Any one above the age of 18 years, with a salaried or self - employed record. They should have a good CIBIL score and have good repaying ability.
A. You can borrow up to your capability to repay, the EMI should not cross the limit of 40% of your gross earnings after deducting other loans as well.
A. Yes, you definitely can. You can also increase your chances if your co - applicant has a good CIBIL score.
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