RBL Bank Business Loan

4.5
RBL Bank, located in Kolhapur, Maharashtra, is one of India's oldest private sector banks. The bank has a total business size of around INR 64,000 crores and serves over 3.15 million clients. Corporate and Institutional Banking, Commercial Banking, Retail Banking, Agriculture & Development Banking, and Financial Markets are the five sectors in which it offers a variety of banking products and services.

Apply for Business Loan

+91
Choose City

RBL Bank Business Loan

Interest Rate

14% - 26%

Loan Amount

₹1L - ₹35L

EMI Per Lakh

₹2,327 - ₹2,994

Processing Fees

  • 2.5% of Loan amount for Business Loans (loan amount greater than Rs 25 lakh)
  • 3% of Loan amount for small business Loans (Rs 5 lakh to Rs 25 lakh)
  • (No processing fee applicable for small business loans below Rs 5 lakh)
... more

Pre-Payment Charges

  • Zero foreclosure permitted before repayment of 6 EMIs.
  • On payment of 7 to 18 EMIs – 5% of principal outstanding.
  • On payment of more than 18 EMIs – 3% of principal outstanding.
  • Note: The foreclosure charges are not applicable for facility sanctioned to MSMEs with floating interest rate loans and for fixed interest rate loans with loan amounts of up to Rs 50 lakh.
... more

Features & Benefits of RBL Business loan

Take a look at the following features and benefits offered by the RBL Bank when applying for a business loan:

  • The borrower can avail a loan amount that ranges from Rs.10,00,000 and Rs.35,00,000.
  • The loan repayment tenure option ranges between 12 months to 36 months.
  • To avail a business loan in RBL Bank, there is no need for collateral or security.

RBL Business Loan Overview

RBL Bank, located in Kolhapur, Maharashtra, is one of India’s oldest private sector banks. The bank has a total business size of around INR 64,000 crores and serves over 3.15 million clients. Corporate and Institutional Banking, Commercial Banking, Retail Banking, Agriculture & Development Banking, and Financial Markets are the five sectors in which it offers a variety of banking products and services.

Documents Required for RBL Business loan

To apply for a business loan from RBL Bank, the applicant must fulfil the following RBL Bank business loan requirements:

  • KYC papers of the applicant and co-applicant
  • PAN Card for Individual/Partnership Firm/Company
  • KYC documents of the applicant and co-applicant
  • Proof of ownership of an office or a home in the applicant’s name or jointly with family members.
  • IT returns, balance sheets, and profit and loss accounts for the last two years, audited by a certified practitioner
  • Bank statement from the previous six months
  • Partnership Deed, Current Shareholding Pattern, Certificate of Incorporation, and other documents
  • Any additional documentation that the RBL Bank requires

How the EMI Calculation works for RBL Business Loans?

Once your loan details are confirmed, there are loan EMI calculators accessible online that can be used to calculate your monthly interest and principle payments, as well as keep track of the amount paid and the amount owed, which is important if you want to prepay the loan.

How RBL Compares with other Lenders?

Overview RBL Bank HDFC Bank ICICI Bank
Lowest interest rate 18.5% 11.9% 16.5%
Maximum loan tenure 36 months 48 months 36 months
Processing fee 2.5-3% of loan amount Rs 499 Starting from 0.99%, up to 2%
Foreclosure charges Allowed after 12 EMI’s, NIL foreclosure charges Allowed after 12 EMI’s, 2-4% Allowed after 6 EMI’s, 5%

RBL Business Loan Customer Care Number

RBL Bank is committed to providing the highest standards of customer service. You can reach them at the following customer care numbers:

Customer care number: 1800-123-8040

Banking Queries

Call at: +91 22 6115 6300

Email: customercare@rblbank.com

FAQs

From refinancing to reducing your interest, we have the answers right here.

How can I speed up my loan approval?

You can speed up your loan approval by applying for a paperless loan. Also, if your credit score is above 750, the approval of your loan application will increase. 

What is loan foreclosure?

Loan foreclosure refers to the full repayment of the remaining loan amount in a single payment and not in multiple EMIs. This is also the existing part of the loan process that you can repay the loan before the scheduled EMI period.

What is the minimum turnover requirement for a Business Loan?

The company must have a minimum revenue of Rs. 40 lakhs. Individuals having a minimum of 3 years in the present business and a total of 5 years in the business. Those who have made a profit in their firm over the last two years.

Does RBL Provide business loan at the best rate?

Yes, RBL Bank is known to offer attractive interest rates to you when you apply for a business loan. Their business loan interest rate ranges from 18.5% to 21%.

What is the interest rate of business loan in RBL?

RBL Bank is known to offer attractive interest rates ranging from 18.5% to 21%. This bank also provides customised services for the self-employed professionals at a very low interest rate. 

What are the benefits RBL Provides on business loan?

  • You can avail a business loan amount of Rs 10,00,000 to Rs 35,00,000. 
  • No need for any collateral or security
  • Flexible loan repayment options

Does RBL have a fixed rate of interest on a business loan?

RBL Bank business loans are available to borrowers between the ages of 27 and 65. The term of a loan might range from 12 to 36 years. The interest rates for RBL Bank business loans vary from 18.50 percent to 21.00 percent. The EMI for an RBL Bank business loan begins at 3,640 per lakh.

What are the documents required in RBL for a business loan?

The documents required for RBL Bank business loan are:
  • PAN Card, 
  • Driving License, 
  • Aadhar Card, 
  • Voter ID Card, Proprietor, 
  • partner of Director (if a company), 
  • Registered Lease Deed, 
  • Sale Agreement, 
  • Bank Statement, 
  • Legal Passport, 
  • Utility bill, 
  • Property tax bill, etc.

How to apply for a business loan in RBL online?

Many banks, such as RBL Bank, feature sections on their websites where you may apply for a business loan. For RBL Bank business loan online application, you have to go to the website and click the Apply button. Fill out the form with the requested information, and their application process will begin.

How to check business loan Status in RBL?

You must follow the below steps to get your loan status from RBL bank: Check out the steps below to know your business loan status in RBL Bank:
  • Visit: https://www.rblbank.com/product/loans/business-loan
  • Fill in all the required details, such as Unique Reference Number or Application number, along with your Full Name, Type of Loan, and Registered Mobile number.
  • Click to tick the ReCAPTCHA and further click on” Submit”

Does RBL Checks for CIBIL Score for business loan?

Yes, RBL checks for CIBIL score for business loan. To be eligible for a business loan, your CIBIL score must be above 750.  

What is the maximum and minimum business loan amount I can get from RBL?

You can take a business loan of Rs 10,00,000 minimum and maximum Rs 35,00,000.

Get your latest Credit Score, FREE

Business Loan Guide

Get in-depth knowledge about all things related to Business Loan and your finances

Debt To Income (DTI) Ratio : Calculation Formula, Types and Limitations
Hepson FranklinNov 20, 2024

Debt To Income (DTI) Ratio : Calculation Formula, Types and Limitations

Better debt management is crucial to avail of the available financial opportunities. Whether you wish to secure a personal loan, business loan, home loan, or even credit card, lenders have various met

What is a Long-Term Loan?
Srivalli SusarlaJul 30, 2024

What is a Long-Term Loan?

A long-term loan is a type of financing that provides borrowers with a substantial amount of money to be repaid over an extended period, typically exceeding one year. Unlike short-term loans that are

Pradhan Mantri MUDRA Yojana
Tushar GautamJul 30, 2024

Pradhan Mantri MUDRA Yojana

The Mudra loan is offered to many business owners with a strong business plan. However, to avail of the loan, one must fulfill the requirements set by the lending institution. Every institution will h

Urban Money