Car Loan Rates EMI 2024
RBL Bank Car Loan in Chennai
Last Updated : May 20, 2017, 12:17 p.m.
About RBL Bank Car Loan in Chennai
Fallen in love with a car and want to make it your own? Get instant approval for a car loan from RBL Bank in Chennai. You can enjoy a higher loan amount on your loan and pay low EMI. To apply at RBL Bank, check eligibility now, documentation required to apply for a car loan at Chennai branch.
RBL Bank Car Loan in Chennai 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 Chennai
Address of RBL Bank Branches in Chennai
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| T Nagar Chennai | The Ratnakar Bank Ltd, Dfl Infrastructure Finance Limited, 14 Ramakrishna Street, T.Nagar, Chennai - 600017 | RATN0000113 | 600176002 | 9900576962 |
| Nungambakkam | The Ratnakar Bank Ltd 1st Floor Rashmi Tower No 1 Valluvarkottam High Road Chennai 600034 | RATN0000180 | NON-MICR | 43020600 |
| Adyar | The Ratnakar Bank Ltd Ground Floor Nibhav Building No11 Lb Road Adyar Chennai 600020 | RATN0000185 | 600176004 | 40288161 |
| Parrys Corner | The Ratnakar Bank Ltd First Floor Dass India Tower Door No 3 Second Line Bach Chennai 600 001 | RATN0000186 | 600176005 | 40288161 |
| Anna Nagar | The Ratnakar Bank Ltd First Floor Old No Ab 134 And Ab 106 And 108 4Th Avenue Shanti Colony Anna Nagar Chennai 600 040 | RATN0000187 | 600176006 | 40288161 |
