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:

  1. You can avail loans for SUV, MUC, Compact Sedan, Hatchback
  2. 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
  3. Upto 5 years loan repayment tenure
  4. Loan To Value upto 90% of the New Car (includes Ex-Showroom Price + VAT + Insurance)
  5. New Car loans at attractive fixed rates of interest available

Eligibility & Loan Criteria required for RBL Bank Car Loans:

Salaried Individuals

  1. Applicant’s age should be minimum 21 years and maximum 58 years at loan maturity (maximum 60 years for Govt. employees.)
  2. Minimum total work experience of 3 years required.
  3. 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

  1. Applicant’s age should be minimum 25 years and maximum 65 years at loan maturity.
  2. Minimum 3 years of experience required in the same line of business.
  3. 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 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