RBL Car Loan Interest Rates 2024
RBL Bank New Car Loans are a perfect solution to fulfil your dream car requirement. RBL offers lowest interest rates, easy process & minimum documentation for vehicle loans.
Features of RBL Bank Car Loans:
- You can avail loans for SUV, MUC, Compact Sedan, Hatchback
- New Car Loan amount ranging from Rs. 50000 upto Rs. 30 Lakhs for salaried individuals and upto Rs. 1 Crore for self-employed individuals and self-employed professionals
- Upto 5 years loan repayment tenure
- Loan To Value upto 90% of the New Car (includes Ex-Showroom Price + VAT + Insurance)
- New Car loans at attractive fixed rates of interest available
Eligibility & Loan Criteria required for RBL Bank Car Loans:
Salaried Individuals
- Applicant’s age should be minimum 21 years and maximum 58 years at loan maturity (maximum 60 years for Govt. employees.)
- Minimum total work experience of 3 years required.
- Minimum one landline contact at residence or office and a post-paid mobile connection required.
Minimum income required basis the segment of the car purchased as per table below:
| Segment | Tier1 – Small | Tier2 – Compact | Tier3 – Mid-sized | Tier4 – Large-sized | Premium Cars |
|---|---|---|---|---|---|
| Minimum Income | Rs.1 Lakh | Rs.1.5 Lakhs | Rs.3.5 Lakhs | Rs.5.5 Lakhs | Rs.9 Lakhs |
Self-Employed Individuals / Professionals
- Applicant’s age should be minimum 25 years and maximum 65 years at loan maturity.
- Minimum 3 years of experience required in the same line of business.
- Minimum one landline contact at residence or office and a post-paid mobile connection required.
Minimum income required basis the segment of the car purchased as per table below:
| Segment | Tier1 – Small | Tier2 – Compact | Tier3 – Mid-sized | Tier4 – Large-sized | Premium Cars |
|---|---|---|---|---|---|
| Minimum Income | Rs.1 Lakh | Rs.1.5 Lakhs | Rs.3 Lakhs | Rs.4 Lakhs | Rs.7.5 Lakhs |
List of Documents Required for Car loans by RBL:
- PAN Card – For Individual / Partnership Firm / Company
- Identity Proof – Any one (Voter ID / Driving License / Passport / Photo Debit Card / Aadhar Card)
- Address Proof – Any one (Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement / Ration Card / Co-operative Housing Society Receipt)
- Business Continuity Proof – Any one document dated 3 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / Certificate of Incorporation / Partnership Deed)
- Passport Size Photographs of all applicants & co-applicants
Car Documents
- Pro-forma Invoice of the Car
- Margin money receipt from the dealer
- RTO set
You can avail RBL Car loans from network of 183 branches across 13 states in India.
| City | Branch Address |
| Ahmedabad | Viva Complex Branch, Viva Complex, Ellis Bridge, OPP Parimal Garden, Ahmedabad – 380006 |
| Aurangabad | Aurangabad Branch, AG Towers, N-3, Plot#303, Cidco Jalna Road, Aurangabad – 431001 |
| Bangalore | Koramangala Branch, #631, 3rd Cross, 100 Feet Road, 3rd Block, Koramangala, Bangalore – 560034 |
| Bangalore | Gandhinagar Branch, #197, 6th Cross, Gandhinagar, Bangalore – 560097 |
| Bhopal | Bhopal Branch, #2, INSIDE Akanksha Complex, Zone-1, MP Nagar, Bhopal 462001 |
| Gurgaon | Gurgaon Branch, #2, ABW Tower, Iffco Chowk, Village Sukhrauli, Gurgaon, Haryana – 122001 |
| Chennai | Nungambakkam Branch, #1, INSIDE Rashmi Towers, Valluvarkottam High Road, Nungambakkam, Chennai – 600034 |
| Chennai | Chennai Branch, #56, INSIDE HMH Plaza, GN Chetty Road, T Nagar, Chennai – 600017 |
| Coimbatore | #726, RG Chambers, Avinashi Road, Coimbatore – 641018 |
| Delhi | Rajouri Garden Branch, #J-13/52, Rajouri Garden, New Delhi – 110027 |
| Delhi | Karol Bagh Branch, #17A/53, Ground Floor, WEA Karol Bagh, Guradwar Road, New Delhi – 110005 |
| Delhi | Capital Court Branch, #14-15, DLF Capitol Point, Baba Kharg Singh Marg, New Delhi – 110001 |
| Noida | Noida Branch, #P/7, Sector 18, Noida – 201301 |
| Hyderabad | Ameerpet Branch, #6-3-865, My Home Jupally, OPP Green Park, Green Lands, Ameerpet, Hyderabad – 500038 |
| Bhiwadi | Bhiwadi-Bhagat Singh Colony Branch, #A/4, Ground Floor, Bhagat Singh Colony, Alwar Bypass Road, Bhiwadi – 301019 |
| Indore | Indore Branch, #3, INSIDE The Grace, Kibe Compound, Chhoti, Gwaltoli, Indore – 452001 |
| Agra | Ground Floor, Block No: 41/4, Sanjay Place-Shop No.5,6,7,8, And Basement Floor-Shop No.5 & 7, Agra Uttar Pradesh, 282002 |
| Kolhapur | Tarabai Park Branch, #6, 7&8, Siddivinayak Apartment, Near Vijayraj Hotel, Tarabai Park, Kolhapur Maharashtra, 416003 |
| Kolkata | Brabourne Road Branch, #25, INSIDE Thapar House, 1st Floor, Brabourne Road, Kolkata Kolkata West Bengal, 700001 |
| Kolkata | JL Nehru Branch, #57, INSIDE Horizon Building, JL Nehru Road, Kolkata Kolkata West Bengal, 700071 |
| Mumbai | Vile Parle E Branch, #6, Ground Floor, Galaxy Arcade, MG Road, Vileparle [E] Mumbai Maharashtra, 400067 |
| Mumbai | Juhu Branch, Dure House, Juhu Tara Road,, Mumbai Near JW Marriot Hotel Mumbai Maharashtra, 400059 |
| Mumbai | PLOT NO. 399, GOKHALE ROAD SOUTH,, OPP. BMC SCHOOL, DADAR (WEST) Mumbai MAHARASHTRA, 400028 |
| Mumbai | Lower Parel W Branch, One Indiabulls Centre, Tower 2, 3Rd Floor, 841 Senapati Bapat Marg, Lower Parel W, Mumbai Maharashtra, 400013 |
| Mumbai | Kandivali W Branch, #295, INSIDE Shri Building, Near Mayur Talkies, Shantilal Modi Road, Kandivali (W) Mumbai Maharashtra, 400067 |
| Mumbai | Borivali W Branch, #2-6, Shroff Arcade, Near Thakare Hall, Sodawala Lane, Boriwali Mumbai Maharashtra, 400092 |
| Navi Mumbai | Vashi Branch, Aarti CHS Building, #29, Sector 2, Vashi, Navi Mumbai Navi Mumbai Maharashtra, 400705 |
| Nagpur | Nagpur Branch, #3-4-5, INSIDE Aditya Enclave,, Central Bazar, Ramdaspeth, Nagpur |
| Nashik | Nashik Branch, #1A, Riddhi Park, Tilakwadi Corner, Sharanpur Road, Nasik Maharashtra, 422002 |
| Pune | Camp Branch, Ground Floor, 11 Molebina road, Camp Puneá Pune Maharashtra, 411001 |
| Pune | Swargate Branch, #No 8,, Vega Centre, Shankarshet Road Pune Maharashtra, 411042 |
| Surat | Surat Branch, #4, Twin Tower, Sahara Darwaja, Ring Road, Surat Surat Gujarat, 395003 |
| Udaipur | Udaipur Branch , #99, 1st Road, Bhupalpura Verma Circle, OPP Collector Bungalow, Udaipur Udaipur Rajasthan, 313001 |
| Kakinada | Kovvada Branch, #1-93, Kovvada Panchayat,, Kakinada Rural Mandal, East Godavari District Kakinada Andhra Pradesh, 533006 |
| Panipat | Panipat Branch, #1196/7, Ground Floor, OPP NK Tower, GT Road, Panipat Panipat Haryana, 132103 |
| Hoshangabad | Plot No. 34/1, Al Aziz Tower,, Babai Piparya Road, Anand Nagar, Hoshangabad Madhya Pradesh, 110057 |
| Hauz Khas | Hauz Khas Branch, #M-6, Hauz Khas, New Delhi New Delhi Delhi, 110016 |
| Moradabad | Moradabad Branch, INSIDE Parsvnath Plaza, Neelgiri Commercial, Complex, Delhi Road, Moradabad Moradabad Uttar Pradesh, 244001 |
| Tirupati | Tirupati Branch, #87, Motor Workers Colony, Tirupati-Tiruchanur Road, Padmavathipuram Tirupathi Andhra Pradesh, 517502 |
| Tiruchirapalli | Sassa Complex,Samayapuram- Manchanallur Main Road,, Vengangudi,Trichy Dist Vengangudi, Tiruchirapalli Tamilnadu, 621112 |
Available Products of Ratnakar Bank Ltd.
Ratnakar Bank Business Loan
Ratnakar Bank Home Loan
Ratnakar Bank Personal Loan
RBL Loan Against Property
Ratnakar Bank Car Loan
Ratnakar Bank Credit Card
RBL Fixed Deposit Interest Rates
