RBL Bank Car Loan in Bengaluru

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

ParticularsDetails
Interest Rate10.35%-10.85% p.a.
Loan amountFor salaried - ₹30 lakhs
For Self-employed- ₹1 Crore
TenureUp to 5 years
Processing Fee1% 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 NameComplete AddressIFSCMICRContact Number
Bangalore197, 6th Cross, Gandhinagar, Bangalore 560009RATN0000057560176002080-22281060
Koramangala BangaloreNo. 631, 3rd Cross, 3rd Block, 100 Feet Road, Koramangala Bangalore - 560 034RATN0000091560176003080 22267150
RamnagaraThe Ratnakar Bank Ltd, Katha No 169 / 1789 /1736 / & 170 / 1781 / 1737 North Layout 1St Stage, B M Road Ramanagaram - 571511RATN00001105711765529900576962
DodballarpurThe Ratnakar Bank Ltd, Khata No 1762 / 66, Ward No 4, D Cross Main Road, DOD Ballarpur, Karnataka - 561203RATN00001015601760049900576962
Bangalore-Prestige TowersThe Ratnakar Bank Ltd, G-13, G-14, G-15 & G-17 Prestige Towers, 99 & 100 Residency Road, Bangalore 560025RATN00001565601760059833666862
J P Nagar - BangaloreRbl Bank Ltd., N 15 24th Main, J P Nagar, 1st Phase, Bangalore - 560078.RATN00001955601760061800123804

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