RBL Bank

RBL Bank

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating rate of Interest : 20% p.a. to 25% p.a.
  • Fixed Rate of Interest : 25% p.a. 

 

Eligibility Criteria

Eligibility Criteria

Description

Age:

25 to 65 years

Minimum Turnover

Rs. 25 Lakh

Business Existence (in months)

36 months

ITR (months)

12 months

Loan Amount

Rs. 1 Lakh to Rs. 10 Lakh

Loan Tenure

60 months

Owned House or Place of Work

Required

CIBIL Score

750 and above

 

Fees and Charges

  • Processing Fees 0.00% to 2.00% depends on type and category of borrower
  • Pre-closure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • Address proof of individual: Aadhaar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhaar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI
  • Copy of Income Tax PAN for 24 months
  • Bank statement of last 6 months

 

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about RBL Bank

Your Eligibility depends on following






You can increase your eligibility by doing following


Rate of Interest and Other Charges for Business Loan are following

Existing Loan take over or New Loan

Features of Loan