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RBL Bank Business Loan
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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)
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.
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
Need Loan Assistance?
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Rbl Bank Quick Links
FAQs
From refinancing to reducing your interest, we have the answers right here.
How can I speed up my loan approval?
What is loan foreclosure?
What is the minimum turnover requirement for a Business Loan?
Does RBL Provide business loan at the best rate?
What is the interest rate of business loan in RBL?
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?
What are the documents required in RBL for a business loan?
- 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?
How to check business loan Status in RBL?
- 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?
What is the maximum and minimum business loan amount I can get from RBL?
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