RBL Bank Business Loan

About RBL Bank

RBL Bank, one of the fastest growing private sector Indian banks currently services 2 million+ customers. It has a huge network of branches and ATMs spread across numerous Indian states and Union Territories. RBL has been recognized as a "Global Growth Company" (GCC)by the World Economic Forum. Additionally, it has also been awarded as 'India's Best Bank (Growth)' in the 'Small-Sized Bank Segment' by Business Today-KPMG Best Bank Study for five consecutive years (2012-16).

Established in 1943, RBL Bank had a transformational journey. Today, it offers specialized services under six business verticals namely: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Agribusiness Banking, Development Banking and Financial Inclusion, Treasury and Financial Markets Operations.

Why apply for RBL Bank Business Loan

RBL provides business loans that are ideally aimed to facilitate:

Short term business needs
Working capital requirements
Business expansion

RBL Bank Business Loan Fees & Charges

Processing fee: 3% + service tax
Prepayment charges: Upto 5%

RBL Bank Business Loan Eligibility Criteria

Applicants (individuals/ professionals/ sole proprietorships/ partnership firms/ private limited companies/ closely-held public limited companies) must have a profitable business for the past 3 years
Minimum age of the applicant-27 years (at the time of loan sanctioning); maximum age - 65 years (at the time of loan maturity)
At least 5 years of experience in the same business with at least 3 years of business establishment & operation in the same city.
At least 4 years of post-qualification experience for self-employed professionals
Annual business turnover should be at least 1 Crore
Applicant?s total receipts must be at least 60 Lakhs
Applicants must own either residence or office in their name or jointly with family members or must be residing in a place owned by an immediate family member

Interest Rate 17% - 22%
Loan Amount 1L - 50L
Processing Fee 2%
Tenure3 Years
Quick Apply

Documents Required for RBL Bank Business Loan

PAN Card (Individual / Partnership Firm / Company)
Identity Proof -(Voter ID / Driving License / Passport / Aadhar Card)
Address Proof -(Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered)
Lease Deed or Sale Agreement / Bank Statement
Ownership proof of either residence or office
Proof of business continuity dated 5 years back (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