Top Banks 2024
RBL Bank Pune
Last Updated : Feb. 17, 2017, 4:55 p.m.
About RBL Bank
RBL Bank, formerly known as Ratnakar Bank Limited holds a position in one of the fastest growing private sector banks in India since its establishment in 1943. The bank has an expanding presence across the country with 201 functional branches in 16 Indian States and Union Territories. The bank has got many awards like Best Bank Cyber Defence 2015, Fastest Growing Small Bank 2013, 2014 & 2015, Rated as India’s Best Bank (Quality of Assets) 2015, Winner of the Best Core Banking Project, India 2012, Rated as best Overall Bank (Small Category) 2015, and Recognized as Global Growth Company 2014.
Talking about the business it has made, it is quite appreciating that in just 74 years of presence in the banking and finance sector, RBL has made more than ₹488 Crores of net income. It has been a journey full of ups and downs for the bank to reach a position it holds now and the trust it has won from its investors. Some of the noteworthy investors of RBL Bank are: HDFC limited, Gaja Capital, Norwest Ventures, CDC Group Plc, Aditya Birla Private Equity, IDFC Spice Fund and Ascent Capital to name a few.
In this article, you will get a wider picture of all the major products offered by RBL Bank in Pune and the related information for your reference.
RBL Bank Pune Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Nanapeth - Pune | 136, Pokarna Building, Nanapeth, Pune 411002 | RATN0000031 | 411176002 | 020-26356603 |
| Marketyard Pune | Plot No.395, Gultekdi, Market Yard, Pune | RATN0000050 | 411176003 | 020-24270413 |
| Chinchwad - Pune | Hotel Prince Bldg., B’Bay Pune Road, Near Mehta Hospital, Chinchwad Pune | RATN0000052 | 411176004 | 020-27470823 |
| Baramati | Shantilal Shah (Pandarkar) Bldg, Mahaveer Peth, Baramati 413102 | RATN0000059 | 413176101 | 02112-224797 |
| Kalyaninagar - Pune | Shop No.126 & 127, Victoria - I, Fortaleza, Central Avenue Road, Kalyaninagar, Pune - 411006 | RATN0000076 | 411176005 | 020-26608797 |
| Sinhgad Road Pune | The Ratnakar Bank Ltd. Shop.No. 1 And 2 C Wing, Mohite Paradise, Sinhgad Road Pune. - 411 050 | RATN0000085 | 411176007 | 020-24351074/24351078 |
| Baner | The Ratnakar Bank Ltd. C Wing, Anmol Pride Survey No. 270, Baner Pune. - 411045 | RATN0000086 | 411176006 | 020-27290108/27290801 |
| Chakan | Ground Floor Shop No. 5 & 6, Gate No. 461, Tukaram Market, Mega Centre, Pune - Nashik Road, Medankarwadi Chakan Pune - 410 501 | RATN0000092 | 411176008 | 020 26356660 |
| Pune-Camp | The Ratnakar Bank Ltd, 11 Moledina Road, Near Naaz Bakery, East Street Facing, Pune-411001 | RATN0000157 | 411176009 | 9833666862 |
Products Offered by RBL Bank in Pune
RBL Bank offers varied products in Pune 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. |