RBL Bank Car Loan in Hyderabad

Last Updated : March 11, 2020, 3:50 p.m.

About RBL Bank Car Loan in Hyderabad

If you have been looking for an affordable car loan in Hyderabad, apply now at RBL Bank. You get the best combination of interest rate and a higher loan amount at this bank and hence enjoy a low EMI car loan. So, get ready to enjoy a smooth car loan journey at RBL Bank but first have a look at the interest rates, loan amount and documentation required to apply for a car loan at your nearest bank branch.

RBL Bank Car Loan in Hyderabad at a Glance

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 Hyderabad

Address of RBL Bank Branches in Hyderabad