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RBL Bank Car Loan in Noida

RBL Bank Car Loan in Noida

Last Updated : May 20, 2017, 11:29 a.m.

About RBL Bank Car Loan in Noida

Are you tired of traveling by busy or struggling everyday in the metro rush? It is the time for you to get a car for yourself. Yes, no need to worry about the money because RBL Bank is here to help. You can apply for a car loan at RBL Bank in your nearest bank branch once you match the required eligibility criteria. Also, you need to have the necessary documentation required to apply for a car loan at the bank. So, to start the procedure, have a look at the document checklist, interest rates, eligibility criteria, branch contact details, etc.

RBL Bank Car Loan in Noida 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 Noida

Address of RBL Bank Branches in Noida

Branch NameComplete AddressIFSCMICRContact Number
NoidaThe Ratnakar Bank Ltd, P-7, Sector-18, Noida, Basement, Noida, Uttar Pradesh - 201301RATN00001141101760049999359610

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