RBL BANK Loan Against Property

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About RBL Bank

RBL Bank is one of India's fastest growing private sector banks with an expanding presence across the country. It has been recognized by the World Economic Forum as a "Global Growth Company" (GCC). The Bank 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 started a transformational journey under a new management team in 2010. Today, the Bank offers specialized services under various business verticals such as Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Agribusiness Banking, Development Banking and Financial Inclusion, Treasury and Financial Markets Operations.

About RBL Bank Loan Against Property

RBL Bank provides Loan Against Property to the customers for business expansion and for personal use. The bank finances up to 65% of the property's market value for a tenure of up to 15 years. Loan can be availed against both residential property as well as commercial property.

Loan Against Property Features & Benefits

  • Loan tenure as high as 180 months
  • Minimal documentation
  • Quick loan approvals
  • Commercial as well as residential property accepted as collateral
  • High loan amounts of upto 10 Crores

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RBL Bank Loan Against Property Fees & Charges

  • Foreclosure Charges - Individual Borrowers- Nil; Others- 3% of outstanding balance
  • Processing Fee - 1.25% of loan amount + service tax

RBL Bank Loan Against Property Eligibility Criteria

  • Applicants should be individuals, professionals, sole proprietorships, partnership firms and private limited companies (including closely-held public limited companies)
  • Applicants should be Indian residents
  • Min. age- 23 years (at loan sanctioning); Max. age- 60 years (salaried) and 65 years (self-employed) at loan maturity
  • Minimum gross salary or net profit per financial year must be atleast 1,50,000/-
  • Co-applicants are mandatory

Documents Required for RBL Bank Loan Against Property

  • Duly filled loan application form
  • 2 passport size photographs
  • Last 2 years ITR
  • Identity Proof (Passport/ Driving License/ Voter ID/ PAN)
  • Residential Address Proof (Leave and License/ Registered Rent Agreement/ Last 3 months Utility Bill / Passport)
  • Income Documents (6monthspayslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit)
  • Business Proof for self-employed (VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile)

Property documents

  • Registered Sale Deed/ Conveyance/ Lease Deed
  • Past Sale Deeds Chain (each transaction in respect of this property since first allotment)
  • Latest House Tax Return/ Receipt
  • Approved Building Plan from Municipal Corporation

  • Interest Rate % - %
  • Loan Amount -
  • Processing Fee
  • Tenure Years

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Other Available products from RBL Bank




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