What if I make the payment before the statement is generated, will I have to pay the interest rate and processing fees?

For any app to bank account transfers done, processing fees and interest has to be paid as the EMI gets converted automatically as per your choice. However, if you wish to pay before, you will have to inform the same to RBL customer care number and this will account to a fore closure. Once the fore closure is acknowledged by RBL, interest will be charged only for the number of the days the amount is used prior to the fore closure date.