Car Loan Rates EMI 2024
RBL Bank Car Loan in Mumbai
Last Updated : May 20, 2017, 12:23 p.m.
About RBL Bank Car Loan in Mumbai
It is the time for you to buy a car as RBl Bank is offering one of the lowest interest rates on car loans in Mumbai. Now, you can go anywhere anytime without being worried about the transport availability. To apply for a car loan at RBL Bank, have a look at the documentation required to apply for a car loan, check eligibility now and interest rates.
RBL Bank Car Loan in Mumbai 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 Mumbai
Address of RBL Bank Branches in Mumbai
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Girgaum - Mumbai | Rajendra Mansion, Jagannath Shankarshet Road, Girgaum Mumbai-400004 | RATN0000013 | 400176002 | 022-23802033 |
| Kandivli - Mumbai | Shri Building, 295, Shantinath Modi Road. Opp. Sindhi Colony Kandivli (W) Mumbai-400067 | RATN0000053 | 400176003 | 022-28074824 |
| Thane | Laxmi Market, Pokharan Road No 1, Near Vartak Nagar, Thane West | RATN0000058 | 400176004 | NA |
| Boriwali - Mumbai | Shop - 2 Shroff Arcade, Sodawala Lane, Near Thakare Theatre, Boriwali (W), Mumbai - 400092 | RATN0000062 | 400176005 | 022-28918502 |
| Vile Parle - Mumbai | 6, Ground Floor, Galaxy Arcade, 10, M.G.Road, Vileparle | RATN0000068 | 400176007 | 022-26136355 |
| Fort - Mumbai | 7, Rahimtullah House, Homji Street, Horniman Circle, Fort Mumbai 400001 | RATN00000FT | 400176009 | 022-22703639 |
| Lower Parel | Indiabulls Center, Tower 2, 3Rd Floor, 841, Senapati Bapat Marg, Mumbai - 400013 | RATN0000088 | 400176016 | 022 22703638 |
| Corporate Office (IB Branch) | One Indiabulls Centre, Tower 2, 6th Floor, Senapati Bapat Marg, Lower Parel (W), Mumbai 400 013 | RATN0000992 | NON-MICR | 91-22-43020669 |
| Fort | Rahimtullah House, Homji Street, Horniman Circle, Fort Mumbai 400001 | RATN0000070 | 400176009 | 022-22703639 |
| Vashi, Navi Mumbai | The Ratnakar Bank Ltd, Arti Chs Ltd, Plot 29, Sector 2, Vashi, Navi Mumbai, Maharashtra - 400 705 | RATN0000102 | 400176022 | 022-43020600 |
| Badlapur | The Ratnakar Bank Ltd, Nisargapratiksha Apartment, Old Katrap Road, Badlapur (East), Taluka Ambernath , District Thane, Maharashtra, Pincode 421503 | RATN0000103 | 400176021 | 022-43020600 |
| Corporate Office | One India Bulls Centre, 841 6th Floor, Tower B Wing, Lower Parel | RATN0000990 | NON-MICR | 022-43020600 |
| Service Branch Mumbai | The Ratnakar Bank Ltd Service Branch 19 J B House, R D Street , Fort Mumbai | RATN0000991 | 400176001 | 022-22655820 |
| Dadar-Mumbai | The Ratnakar Bank Ltd, Plot No-399, Gokhale Road South , Opp Bmc School, Dadar West Mumbai-400028 | RATN0000184 | 400176025 | 43020600 |
| The Ratnakar Bank Ltd | The Ratnakar Bank Ltd, 9th Floor, Techniplex-I, Off Veer Savarkar Flyover, Goregaon West, Mumbai-400062 | RATN0123456 | NON-MICR | 240288100 |
| Ghatkopar East | Shop No. 13 And 13A, Zest Business Spaces, M G Road, Ghatkopar East, Mumbai 400077 | RATN0000188 | 400176026 | 25011752 |