Top Banks 2024
RBL Bank Chennai
Last Updated : Feb. 16, 2017, 1:55 p.m.
About RBL Bank
RBL Bank is one of the oldest private sector banks in India and was established in the year 1943. This bank is having more than 2 million trustworthy customers who have maintained their trust in the bank from the beginning. RBL Bank has a network of 201 branches and across 373 ATMs spread across 16 Indian states and Union Territories. It has also been recognized as ‘India’s Best Bank (Growth)’ in the ‘Small-Sized Bank segment’ by Business Today-KPMg Best Bank Study for four consecutive years- 2012 to 2015.
Along with its wide array of products and services in the banking and finance sector, RBL Bank is also working as a responsible corporate citizen. The bank’s philosophy is to undertake socially useful programs for the welfare and sustainable development of the community at large. The permanent attendee of the CSR unit of RBL Bank, Shanta Vallury Gandhi, believes in doing a meaning work through highly respected, motivated stakeholder and other related people. In Chennai, RBL Bank has spread its wings in all the major areas so that people can contact the bank comfortably. In this article, you will get the detailed information about the branches, products, eligibility and other important details of the bank.
RBL Bank Chennai Branch Addresses
| 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 |
Products Offered by RBL Bank in Chennai
RBL Bank offers varied products in Chennai and some of them are home loans, personal loans, car loans, mortgage or a loan against property and education loans under the loan segment at a low-interest rate and higher loan amount. The bank also offers investment products like FD that promises higher saving options. So, have a look at the basic details like eligibility, amount, interest rate, processing fees, and tenure.
Basic Details of RBL Bank Products
| Product | Eligibility | Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | Salaried Individuals: Minimum net income of ₹1,20,000 per annum. Minimum age at loan sanction – 24 years. Maximum age at loan maturity – 60 years or super-annuation whichever is early. Work Experience of minimum 1 year at current job and 2 years of total experience. If current job is less than 1 year, then 3 years of total experience required. Self-Employed Individuals and Professionals: Minimum net annual income as per latest year ITR / Financials of ₹1,50,000. Minimum age at loan sanction – 24 years. Maximum age at loan sanction – 65 years. Business continuity of last three years in the same field. | ₹10 Crores | 9.10% - 11.55% | 0 to upto ₹25 lakh - ₹5000/- ₹25 - upto ₹75 Lakh - ₹10000/- ₹75 Lakh and above - ₹15000/- (fixed amount) In all cases given above, Non-refundable fee of ₹5000/- Upfront. Rest at the time of disbursal. | Up to 25 years |
| Personal Loan | Minimum net monthly income of ₹25,000 per month Minimum age at loan sanction – 25 years. Maximum age at loan maturity - lower of 60 years or retirement age. Work Experience of minimum 1 year at current employment and 3 years of total employment experience. | Up to ₹20 lakhs | 14.00% - 23.00% | 3% of Loan amount Charges for late payment of EMI 2% additional interest per month on overdue EM | Up to 5 years |
| Car Loan | 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 | For salaried - ₹30 lakhs For Self-employed- ₹1 Crore | 12.00% - 14.00% | 2% of Loan amount | Up to 5 years |
| Business Loan | Self-employed individuals Self-employed professionals Sole proprietorships Partnership firms and private limited companies (including closely-held public limited companies), with a profitable business for the past 3 years. Applicant’s age should be minimum 27 years at the time of application and maximum 65 years at loan maturity. Minimum 5 years of experience required in the same line of business with at least 3 years of business establishment & operation in the same city. For self-employed professionals, minimum 4 years of post-qualification experience is required. Minimum business turnover required is ₹1 Crore and for Professional / Service Sector, applicant’s gross receipts should be at least ₹60 Lakhs. Applicant must own either residence or office in his name or jointly with family members or resides in a residence owned by an immediate family member. | Up to ₹35 lakhs | 19% p.a. onwards | 3% of Loan amount (No charges applicable for Small Business Loan below ₹5 Lakhs) | Up to 3 years |
| Loan Against Property | Salaried Individuals: Minimum gross salary of Rs. 150,000 per annum. Minimum age at loan sanction – 23 years. Maximum age at loan maturity – lower of 60 years or retirement age. Self-Employed Individuals and Professionals: Minimum net profit as per latest year ITR / Financials of ₹ 1,50,000. Minimum age at loan sanction – 23 years. Maximum age at loan maturity – 65 years. | Up to ₹10 Crores | 11.30% p.a. onwards | 1.5% of loan amount (Minimum Processing Fee of ₹7500/-) (Non-refundable fee of ₹5000 Upfront. Rest at the time of disbursal) | Up to 15 years |
| Fixed Deposit | Citizen of India | ₹5 Crores | 3.25% - 7.45% | NIL | Up to 20 years |
| Education Loan | Applicant & co-applicant should be an Indian Resident Minimum net income of ₹1.5 Lakhs per annum Co-applicant can be any one - Father / Mother / Brother / Sister and Spouse Co-applicant can be Salaried or Self-employed individual | Up to ₹20 lakhs | 14.15%p.a. onwards | NIL | 1 year after completion of course |
Documents Required
| Product | Documents |
|---|---|
| Home Loan | PAN Card – For Individual / Partnership Firm/Company Identity Proof – (Voter ID / Driving License/Passport) Address Proof – (Voter ID/Driving License/Passport/Telephone Bill/Electricity Bill/Registered Lease Deed or Sale Agreement/Bank Statement) Business Continuity Proof – Any 5 documents (Bank Statement/Sales Tax Challans / IT Returns / Shops & Est. Certificate / COI / Partnership Deed) Passport Size Photographs Any other valid Photo ID card issued by central or state government Income Proof Bank statements |
| Personal Loan | PAN Card – For Individual Identity Proof – Any one (Voter ID / Driving License / Passport) Address Proof – Any one (Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement) Relationship Proof (if required) Passport Size Photographs Any other valid Photo ID card issued by central or state government Latest 6 months Salary credit Bank Statements Income Proof Bank statements |
| Vehicle Loan | 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 |
| Business Loan | 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) Ownership proof of either residence or office either in the name of applicant or jointly with family members Business Continuity Proof – Any one document dated 5 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / Certificate of Incorporation / Partnership Deed) Letter certifying end use of the business loan funds on Business Letterhead Passport Size Photographs of all applicants and co-applicants Income Proof Bank statements |
| Loan Against Property | PAN Card – For Individual / Partnership Firm / Company Identity Proof – Any one (Voter ID / Driving License / Passport) 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 5 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / COI / Partnership Deed) Passport Size Photographs Income Proof Bank statements |
| Fixed Deposit | Passport size photographs ID Proof Address Proof Income Proof Bank statements |
| Education Loan | Completely filled Application Form with Signature Proof of Identity & Age Proof - any one (e.g. Pan card, Passport, Valid Driving License, Voters ID Card) Proof of Address & Signature - any one [Voter's ID Card, Valid Driving License, Valid Passport, Utility Bill (Electricity / Telephone / Mobile - not more than 2 months old), Bank Statement (Monthly Statement not more than 3 months old)] Relationship Proof with co-applicant Passport Size Photograph Educational Proof of applicant: Mark sheets of Standard 10th, 12th, Graduation or Diploma etc. Admission proof confirming the admission of the applicant along with the tuition fee, course fee details, duration of the course etc. Passport Copy is a Mandatory Document for students pursuing the course abroad. In case of US institutes I-20 Form will be mandatory. Also Scholarship Certificates if applicable Mark Sheets / Certificates of English proficiency test and other qualifying tests like GRE, GMAT, SAT, TOEFL etc. |