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RBL Bank Business Loan
If you are looking to grow your business without worrying about finances, then RBL Business Loan with an attractive interest rate is your way to go!Powered By
RBL Bank Business Loan
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Here are a few factors
Mode of Process | Offline |
|---|---|
Location | PAN India |
Loan Amount | From 10 lakh to 35 lakh |
Tenure | Minimum (In Months)- 12 Month Maximum (In Months)- 36 Month |
Collateral requirement | No collateral needed |
Processing Fee | 2.5% – 3% of the sanctioned loan amount |
ROI | 17.50% to 21% p.a. |
Here are a few factors about RBL Bank
RBL Bank, formerly known as Ratnakar Bank, is an Indian private sector bank. It offers services across six verticals: corporate and institutional banking, commercial banking, branch and business banking, retail assets, development banking and financial inclusion, treasury and financial market operations. To meet short-term funding and working capital needs, RBL Bank provides completely secured business loans. You can obtain money from the bank to expand your firm. The maximum loan amount granted by the RBL Bank is up to Rs. 35 lakh with a repayment period of up to 36 months, and the interest rate on business loans ranges from 17.50% to 21% p.a. If you are looking to grow your business without worrying about the finances, then RBL Business Loan is your way to go! You can easily avail of a business loan from RBL bank which is well supported by their dedicated team and staffs. They offer the most competitive interest rates in the market with a hassle-free documentation process. So, moving ahead let’s explore and find more about RBL Bank Business Loan.Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Documents and Eligibility Required for RBL Bank Business Loan
Let’s look into the eligibilities and required Documentation to make your application process even smoother:
Documents Required
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Note : RBL Bank Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
FREQUENTLY ASKED QUESTIONS
Yes, a self-employed individual can easily get a business loan from Aditya Birla.
The maximum repayment tenure for the business loan is 12-36 months.
Yes, you can use net banking facilities to pay your RBL loan EMIs online, or you can set up standing orders to automatically debit your account on the designated due date.
The processing fees charges are charged as below: There is no processing fee if the business loan amount is up to Rs. 5 Lakhs.If the business loan amount is between Rs. 5 Lakhs to Rs. 10 Lakhs, then the processing fee is 2.0% of the loan amount.If the business loan is Rs. 10 lakhs and above, then the processing fee is 2.0% of the loan amount.
The. The maximum business loan RBL bank offers is Rs. 35 lakhs.
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