Apply for RBL Bank Business Loan Back

Tenure Range

3 to 5 Years

Processing Fee

2%

Interest Rate Range

14% to 18%

Rs.

RBL Business Loan Interest Rate 2018

RBL Bank Business Loan Interest Rate 2018
Interest Rate14% to 18%
Processing Charges2%
Loan Tenure3 to 5 Years
Loan Amount 3 Lakhs to 1 Crore
Cheque Bounce ChargesRs.250
Cheque / Instrument Swap ChargesRs.250
Prepayment or Foreclosure Charges3% - 5% ( No foreclosure allowed before 6 months)

Documents for RBL Bank Business Loans

Following documents are required for loan approval -

Know your customer (KYC) formalities:

  • PAN Card – For Individual / Partnership Firm / Company
  • Identity Proof – Any one (e.g. Voter ID / Driving License / Passport / Aadhar Card)
  • Address Proof – Any one (e.g. 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
For Self-Employed Individuals / Sole ProprietorshipsFor Self-Employed ProfessionalsFor Partnership Firms / Private Limited Companies
Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.) Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance SheetBank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance SheetBank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet
Professional Qualification Certificate and Degree Certificate for professionals. (Doctors, Architects, Chartered Accountants etc.)Partnership Deed and partnership authority letter for partnership firms
Memorandum and Articles of Association and Board Resolution from the company
Certificate of Incorporation (COI) for companies
Latest shareholding patterns for Private Ltd. / Public Ltd. companies