RBL Bank Mumbai: Main Branch Address, IFSC Code, Rates March 2024

RBL Bank Mumbai

About RBL Bank

Established in 1943, RBL Bank is one of the oldest public sector banks in India that has been serving in the banking and financial services segment. The bank has always worked with the motto of giving the affordable loans to people and also giving them the best platform to save their money and earn interest from it. RBL Bank is formerly known as Ratnakar Bank Limited and has started with a small regional bank in Maharashtra with the purpose of fulfilling the financial needs of the people of Kollapur-Sangli region.

RBL Bank has undergone a transformation during its starting period following the global financial crises. However, now the bank holds the net income of more than ₹488 Crores from noteworthy investors such as HDFC Limited, Gaja Capital, Norwest Ventures, CDC Group Plc, Aditya Birla Private Equity, and IDFC SPICE Fund to name a few. This clearly shows the successful journey of RBL Bank has been having and will continue to have. The loans and investment products of the bank are designed by keeping in mind the affordability of a common person. RBL believes in equality in all terms be it financial or social and the CSR unit of the bank works by keeping in mind this purpose only. This unit works with the ambition to help the underprivileged section of the society and hence helping them in having a sustainable and healthy living.

In Mumbai, RBL Bank has spread its wings across all the main places so as to make it convenient for the people to contact the bank. You will get to know the details of the main products bank offers in Mumbai.

RBL Bank Mumbai Branches

Branch NameComplete AddressIFSCMICRContact Number
Girgaum - MumbaiRajendra Mansion, Jagannath Shankarshet Road, Girgaum Mumbai-400004RATN0000013400176002022-23802033
Kandivli - MumbaiShri Building, 295, Shantinath Modi Road. Opp. Sindhi Colony Kandivli (W) Mumbai-400067RATN0000053400176003022-28074824
ThaneLaxmi Market, Pokharan Road No 1, Near Vartak Nagar, Thane WestRATN0000058400176004NA
Boriwali - MumbaiShop - 2 Shroff Arcade, Sodawala Lane, Near Thakare Theatre, Boriwali (W), Mumbai - 400092RATN0000062400176005022-28918502
Vile Parle - Mumbai6, Ground Floor, Galaxy Arcade, 10, M.G.Road, VileparleRATN0000068400176007022-26136355
Fort - Mumbai7, Rahimtullah House, Homji Street, Horniman Circle, Fort Mumbai 400001RATN00000FT400176009022-22703639
Lower ParelIndiabulls Center, Tower 2, 3Rd Floor, 841, Senapati Bapat Marg, Mumbai - 400013RATN0000088400176016022 22703638
Corporate Office (IB Branch)One Indiabulls Centre, Tower 2, 6th Floor, Senapati Bapat Marg, Lower Parel (W), Mumbai 400 013RATN0000992NON-MICR91-22-43020669
FortRahimtullah House, Homji Street, Horniman Circle, Fort Mumbai 400001RATN0000070400176009022-22703639
Vashi, Navi MumbaiThe Ratnakar Bank Ltd, Arti Chs Ltd, Plot 29, Sector 2, Vashi, Navi Mumbai, Maharashtra - 400 705RATN0000102400176022022-43020600
BadlapurThe Ratnakar Bank Ltd, Nisargapratiksha Apartment, Old Katrap Road, Badlapur (East), Taluka Ambernath , District Thane, Maharashtra, Pincode 421503RATN0000103400176021022-43020600
Corporate OfficeOne India Bulls Centre, 841 6th Floor, Tower B Wing, Lower ParelRATN0000990NON-MICR022-43020600
Service Branch MumbaiThe Ratnakar Bank Ltd Service Branch 19 J B House, R D Street , Fort MumbaiRATN0000991400176001022-22655820
Dadar-MumbaiThe Ratnakar Bank Ltd, Plot No-399, Gokhale Road South , Opp Bmc School, Dadar West Mumbai-400028RATN000018440017602543020600
The Ratnakar Bank LtdThe Ratnakar Bank Ltd, 9th Floor, Techniplex-I, Off Veer Savarkar Flyover, Goregaon West, Mumbai-400062RATN0123456NON-MICR240288100
Ghatkopar EastShop No. 13 And 13A, Zest Business Spaces, M G Road, Ghatkopar East, Mumbai 400077RATN000018840017602625011752

Products Offered by RBL Bank in Mumbai

RBL Bank offers varied products in Mumbai 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

ProductEligibilityAmount Interest RateProcessing FeeTenure
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 Crores9.10% - 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 lakhs14.00% - 23.00%3% of Loan amount Charges for late payment of EMI 2% additional interest per month on overdue EMUp to 5 years
Car LoanFor 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 amountUp 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 lakhs19% p.a. onwards3% of Loan amount (No charges applicable for Small Business Loan below ₹5 Lakhs)Up to 3 years
Loan Against PropertySalaried 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. onwards1.5% 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 DepositCitizen of India₹5 Crores3.25% - 7.45%NILUp to 20 years
Education LoanApplicant & 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 lakhs14.15%p.a. onwardsNIL1 year after completion of course

Documents Required

ProductDocuments
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 LoanPAN 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 PropertyPAN 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 DepositPassport size photographs
ID Proof
Address Proof
Income Proof
Bank statements
Education LoanCompletely 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.

Personal Loan Interest Rates March 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates March 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%