RBL Bank Business Loan

Interest Rate starts from 17.00%
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Business Loan From RBL Bank

Boost your Business with Quick and Hassle free Business Loans from ApnaLoanBazaar provided from various banks across India.
Interest Rate starts from
17.00 * %
Processing Fee
1.50% *
Loan Tenure
Upto 3 Years
Guarantor Requirement
No
Part-Payment
Not Allowed
Pre-Closure Charges
2.0%

About RBL Bank

RBL Bank Limited (RFL) a subsidiary of Religare Enterprises Limited (REL), is a Small and Medium Enterprise (SME) financing focused NBFC. The diversified suite of lending solutions include, SME Mortgage Loans, SME Working Capital Loans, Short Term Trade Finance to meeting financial requirements of Small and Medium Enterprises (SMEs), self-employed businessmen, exporters/ importers and professionals

Standard Chartered Bank is India's largest international bank with 99 branches in 42 cities, and this bank is been operating in India since 1858 In 1858, it opened its first branches in Calcutta, Bombay and Shanghai. Standard Chartered Bank is offering Credit Cards, Accounts & Deposits, Personal Loans, Against Securities, Against Term Deposits, Home Loan, Balance Transfer, Loan against Property.

Highlights

ERM Leadership Awards 2016’ under the category ‘The Most Innovative Risk Management Strategy
CIBIL Data Quality Award 2016’ under the category ‘Fast and Upcoming’ – outstanding data quality score improvement during the year 2015
Finnoviti 2012 Award for the ‘Innovation in Process’ category
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FAQs About RBL Bank Business Loan

How much loan amount can I borrow in a Business Loan?
  • You can borrow loan amount from Rs.10 Lakhs to Rs.35 Lakhs depending on your eligibility basis the financial documents submitted, repayment capacity and loan amount limit in your respective location.
How will I repay my Business Loan?
  • We offer Business Loan as a term loan which can be repaid in easy EMIs (Equated Monthly
  • Installments). EMI can be paid through ECS facility, Standing Instruction to debit your RBL Bank
  • account or though Post Dated Cheques with your EMI amount. EMI amount can be calculated using ‘EMI Calculator’
For how many months can I borrow a Business Loan?
  • We offer convenient repayment options from 12 to 36 months.
Is there any security that I need to provide to get a Business Loan?
  • RBL Bank offers Business loan as an unsecured loan and hence you do not need to provide for any Security or Collateral for availing a Business Loan.
Do I have to pay any Processing Fees or Charges to avail a Business Loan?
  • A processing fee of a maximum of 2% of the loan amount (plus Service Tax at the prevailing rate) is required to be paid. This fee will be deducted from the Loan amount at the time of the disbursal of your loan.
Is there an option to prepay the Business Loan earlier? Are there any charges?
  • No foreclosure is allowed before the loan has completed 6 months. However, you can prepay the business loan after having paid 6 EMIs with applicable foreclosure charges (plus Service Tax at the prevailing rate). Foreclosure charges of 5% of the principal outstanding will be charged, if you foreclose the loan before 12 months. Foreclosure charges of 3% of the principal outstanding will be charged post completion of 12 months of the loan. Loan can be foreclosed by paying the foreclosure amount through a Demand Draft / Cheque at any of the RBL Bank branch.
Are there any benefits of having a Current/Saving Account with RBL Bank for my Business loan?
  • You get the benefit of easier documentation if you have a Current / Savings Account with RBL Bank. You can avail paying your EMI through Standing Instructions to debit your RBL Bank Account for the loan. This will be taken into consideration at the time of disbursal of the loan.

Required Documentation For Proprietorship Firm

  • Filled Application form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Last 2 years of Income Tax Documents
  • VAT/CST/ST Registration copies (if any)
  • 1 Passport Size colour Photographs
  • 6 months Bank Statements
  • Latest year business performance related documents.
  • Other loansanction letters and their Track (If existed)

Required Documentation For Partnership Firm

  • Filled Application Form
  • Partnership deed
  • Firm PAN Card & Address Proof
  • All Partners Identity Proof
  • All Partners Address Proof
  • Last 2 years of Income Tax Documents
  • Last 6 months of Bank Statements
  • VAT/CST/ST Registration copies (if any)
  • 1 Passport Size colour Photograph for applicant
  • 6 months Bank Statements
  • Latest year business performance related documents

For Private Limited And Limited Companies

  • Filled Application Form
  • MOA/AOA and Incorporation certificate
  • Commencement of operation (if it is a Public Ltd Company)
  • Company PAN Card & Address Proof
  • All Directors Identity Proof
  • Last 2 years of Income Tax Documents
  • Last 6 months of Bank Statements
  • VAT/CST/ST Registration copies (if any)
  • 1 Passport Size colour Photograph for applicant
  • 6 months Bank Statements
  • Latest year business performance related documents
  • Other loansanction letters and their Track (If existed)

Identity Proof Of Partners/Directors For Business Loan

  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification

Age Proof Of Partners/Directors For Business Loan

  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)

Income Proof Of Partners/Directors For Business Loan

  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Banking History For Business Loan

  • Bank statements of latest 2 months
  • 3 months bank passbook

Business Loan Can Be Used For Many Purposes Like Below

Accelerate the Business Growth

For immediate Business Requirement

For Boosting Revenue

For Training the Manpower

Foreign Business Trips

New Business Contracts

Setting up a new branch

To Purchase Stock

Why Business Loans?
Business Loan Eligibilit
Interest Rates
Expert Advice
Remember For Business Loans
Business Loans Vs Working Capital