RBL Bank Car Loan in Chennai

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

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 Chennai

Address of RBL Bank Branches in Chennai

Branch NameComplete AddressIFSCMICRContact Number
T Nagar ChennaiThe Ratnakar Bank Ltd, Dfl Infrastructure Finance Limited, 14 Ramakrishna Street, T.Nagar, Chennai - 600017RATN00001136001760029900576962
NungambakkamThe Ratnakar Bank Ltd 1st Floor Rashmi Tower No 1 Valluvarkottam High Road Chennai 600034RATN0000180NON-MICR43020600
AdyarThe Ratnakar Bank Ltd Ground Floor Nibhav Building No11 Lb Road Adyar Chennai 600020RATN000018560017600440288161
Parrys CornerThe Ratnakar Bank Ltd First Floor Dass India Tower Door No 3 Second Line Bach Chennai 600 001RATN000018660017600540288161
Anna NagarThe Ratnakar Bank Ltd First Floor Old No Ab 134 And Ab 106 And 108 4Th Avenue Shanti Colony Anna Nagar Chennai 600 040RATN000018760017600640288161

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