RBL Bank Car Loan in Bengaluru
Last Updated : May 20, 2017, 12:16 p.m.
About RBL Bank Car Loan in Bengaluru
A branch new car is in the market and you want to make it your own? Well, a car loan from RBL Bank can really happy you do it with its affordable car loan scheme. The bank facilitates car loan service in all its branches including Bengaluru. Car loan interest rates at RBL Bank are one of the lowest interest rates on car loans hence a low EMI. So, to apply at Bengaluru branch, check eligibility criteria, documentation required for car loans at RBL bank, interest rates on car loans, etc. and get instant approval.
RBL Bank Car Loan in Bengaluru at a Glance
| Particulars | Details |
|---|---|
| Interest Rate | 10.35%-10.85% p.a. |
| Loan amount | For salaried - ₹30 lakhs For Self-employed- ₹1 Crore |
| Tenure | Up to 5 years |
| Processing Fee | 1% of Loan amount |
Eligibility Criteria
The eligibility criteria to apply for a car loan or vehicle loan at RBL Bank is as follows:
For salaried-
- Applicant’s age should be minimum 21 years and maximum 58 years at loan maturity (maximum 60 years for Govt. employees.)
- Minimum total work experience of 3 years required.
- Minimum one landline contact at residence or office and a post-paid mobile connection required.
- Minimum annual income from ₹1 lakh to ₹9 lakhs
For self-employed-
- Self-Employed Individuals / Professionals
- Applicant’s age should be minimum 25 years and maximum 65 years at loan maturity.
- Minimum 3 years of experience required in the same line of business.
- Minimum one landline contact at residence or office and a post-paid mobile connection required.
- Minimum annual income of from ₹1 lakh to ₹7.5 lakhs
Documentation Required
The document checklist that an applicant must have at the time of applying for a car loan at RBL Bank is as follows:
- PAN Card – For Individual/Partnership Firm / Company
- Identity Proof – Any one (Voter ID / Driving License / Passport / Aadhar Card)
- Address Proof – Any one (Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
- Business Continuity Proof – Any one document dated 3 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / Certificate of Incorporation / Partnership Deed)
- Passport Size Photographs of all applicants & co-applicants
- Car Documents
- Pro-forma Invoice of the Car
- Margin money receipt from the dealer
- RTO set
- Income Proof
- Bank statements
For more information, read Car Loan Bengaluru
Address of RBL Bank Branches in Bengaluru
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Bangalore | 197, 6th Cross, Gandhinagar, Bangalore 560009 | RATN0000057 | 560176002 | 080-22281060 |
| Koramangala Bangalore | No. 631, 3rd Cross, 3rd Block, 100 Feet Road, Koramangala Bangalore - 560 034 | RATN0000091 | 560176003 | 080 22267150 |
| Ramnagara | The Ratnakar Bank Ltd, Katha No 169 / 1789 /1736 / & 170 / 1781 / 1737 North Layout 1St Stage, B M Road Ramanagaram - 571511 | RATN0000110 | 571176552 | 9900576962 |
| Dodballarpur | The Ratnakar Bank Ltd, Khata No 1762 / 66, Ward No 4, D Cross Main Road, DOD Ballarpur, Karnataka - 561203 | RATN0000101 | 560176004 | 9900576962 |
| Bangalore-Prestige Towers | The Ratnakar Bank Ltd, G-13, G-14, G-15 & G-17 Prestige Towers, 99 & 100 Residency Road, Bangalore 560025 | RATN0000156 | 560176005 | 9833666862 |
| J P Nagar - Bangalore | Rbl Bank Ltd., N 15 24th Main, J P Nagar, 1st Phase, Bangalore - 560078. | RATN0000195 | 560176006 | 1800123804 |