RBL Bank Car Loan

RBL Bank | Car Loan | 24-Feb,2021

About RBL Bank: RBL Bank is one of Indias most popular banks, established in 1943, with its regional headquarters located in Mumbai, Maharashtra. According to sources, the bank had a workforce of 5,843 employees as of 2019. It offers a wide range of banking products and services to all its customers, including consumer banking, corporate banking, finance, and insurance.

Detail: Minimum age of 21 years and maximum age being 58 years at the time loan maturity.

Annual Percentage Rate (APR): 12% to 14% p.a.

Minimum & Maximum period for repayment (Loan Tenure): 12 to 60 months

Loan processing charges: 1% of the loan amount

Late Payment: 2% per month additional interest on the overdue amount

Foreclosure Charges: 3% to 5% of the principal outstanding

Partpayment Charges: --

Maximum Loan Amount: Upto 90% of the value of the New Car (includes Ex-Showroom Price + applicable taxes + Insurance)

RBL Bank Profile

Sector : Finance

Industry : Regional Banks

RBL Bank, formerly known as Ratnakar Bank, is an Indian private sector bank that offers its services across six verticals. Commercial Banking, Corporate and Institutional Banking, Branch and Business Banking, Development Banking and Financial Inclusion, Retail Assets, and Treasury and Financial Markets Operations. The bank was established in August 1943 as a regional bank in Maharashtra.

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You will go on the Official website.

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Loan Type

RBL Bank ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 13.99% 20 lakhs 60 Months 2.5 % + GST 13-18 Months: 5% > 18 Months: 3% foreclosure charges 24 % p.a on the amount outstanding from the date of default Not Allowed
Home Loan 10.25% p.a. Upto Rs.10 Crores Upto 25 years 1.5% of loan amount (min. Rs.7,500) -- -- --
Education Loan -- Upto Rs. 10 lakhs for studies in India. Upto Rs. 20 lakhs for studies abroad. Up to 7 years -- -- -- --
Car Loan 12% Upto 90% of the value of the New Car (includes Ex-Showroom Price + applicable taxes + Insurance) 12 to 60 months 1% of the loan amount 2% per month additional interest on the overdue amount 3% to 5% of the principal outstanding --
Business Loan 18% Upto Rs.35 Lakhs 12 to 36 months 3% of the loan amount Allowed after 12 EMI's, NIL foreclosure charges N/A N/A
Gold Loan 10.50% p.a. Up to Rs.20 lakh 12 months to 36 months 1% of the loan amount sanctioned -- -- Nil

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