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  • RBL (Ratnakar) Bank Business Loan is Rated as "Great!" by 29 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    RBL (Ratnakar) Bank Business Loan

    RBL Bank provides loans that are ideally aimed to provide financial aid towards short term business needs and working capital requirements. Financial needs of a business are aptly addressed through this variant of unsecured loan that relies on the growth of a business for its timely repayment.

    Apply for Personal Loan

    Where can an RBL Bank Business Loan be used?

    This unsecured loan is provided to entrepreneurs and business owners who wish to expand their business or improve upon existing infrastructure related to the business. The loan thus availed can be used for business needs for the long term or anything spontaneous that presents itself as an opportunity.

    Who is eligible for RBL Bank Business Loan?

    An unsecured loan, this business loan has a few eligibility criteria to be met in order for the bank to be able to sanction the loan. The eligibility requirements can be mentioned as follows

    1. Applicants can be individuals, professionals, sole proprietorships, partnership firms and private limited companies (including closely-held public limited companies), with a profitable business for the past 3 years

    2. Applicants should be at least 27 years of age when the loan is sanctioned and at most 65 years of age at the time of loan maturity

    3. Applicants must have a minimum of 5 years of experience in the same line of business with at least 3 years of establishment and operation in the same city. In case of self-employed professionals, a minimum of 4 years of post-qualification experience is required

    4. The business annual turnover should be at least INR 1 crore, while in the professional/service sector, the applicant’s total receipts must be of a minimum sum of INR 60 lakhs

    5. Applicants must own either residence or office in their name or jointly with family members or must be staying in a place owned by an immediate family member

    What are the types of financing under RBL Bank Business Loan?

    Business Loan from RBL Bank can be either a demand loan or a working capital one with repayment periods of up to 3 years.

    What are the loan limits under RBL Bank Business Loan?

    Based on the credit-worthiness of the applicant, validity of documents and value of the securities, RBL Bank can provide loans within a range of INR 10 lakhs to INR 35 lakhs.

    What are the interest rates?

    Interest rates for a Business Loan could depend on the bank’s base rate (10.65% per annum) and be anything less or more than the prime lending rate (16.25% per annum). Changes to the rates are based on RBL Bank’s discretion. The mentioned rates are as per November 2015.

    What documents are required during applying for Bajaj Business Loan?

    The standard list of required documents for applying for this loan are mentioned as follows –

    1. PAN Card: For Individual, Partnership Firm, Company

    2. Identity Proof: Either of Voter ID, Driving License, Passport or Aadhaar Card

    RBL (Ratnakar) Bank Business Loan Reviews

    • RBL Bank Personal Loan
      "excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience is very good with RBL bank and even they have provided sufficient loan amount to me . Rate of interest is 18% which is up to the mark and tenure period is 3 years . Customer service is good and documents were collected on time . I use to pay EMI 1044 and processing fee is 3500 . There is no preclosere option .
      Was this review helpful? 3
      , hyderabad
      Reviewed on Aug 19, 2018
    • RBL Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've taken a personal loan from the Ratnakar Bank Limited for 50000, the interest rate was nominal 13-14% and it was an insta loan. It has been a pleasant personal loan experience with the Ratnakar bank.
      Was this review helpful? 1
      , vadodara
      Reviewed on Aug 16, 2018
    • RBL Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a loan with RBI BANK and my loan experience is pretty good. My loan amount is 300000 and interest rate is is nominal. There are no hidden charges. I use to pay 11000 as EMI per month and tenure period is 3years. Processing fee is nominal.The process was so smooth at the time of documentation, i did not face any problems.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 10, 2018
    • RBL Bank Personal Loan
      "Average Service"
      0.5 4.0/5 "Great!"
      I took a personal loan from the RBL bank 1.10 lacs for three years, the application was really easy. I got the loan with in 3 days. I applied for the loan via the Mobile App and the interest rate was also high. Overall it has been an average service.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jul 05, 2018
    • RBL Bank Personal Loan
      "Average card"
      0.5 2.5/5 "Just OK"
      The processing fee and interest is high when i compared other banks. The EMI conversion charges are high in RBL bank. It is 4% for every EMI conversion. The are charging the interest rate and processing its depends on the tenure period what i choose. I will not recommend this bank for Credit card to anyone. I have been using this card for last 1 year. I cannot talk to the customer care. The number is not reachable most of the times.
      Was this review helpful? 1
      , thane
      Reviewed on Jun 22, 2018
    • RBL Bank Personal Loan
      "Bad Experience with RBL"
      0.5 1.0/5 "Really Bad"
      I took the Personal in RBL bank. I went to the bank directly to pre-close the loan there is no proper response from the people who is working over there. It is been 1 month till i closed the loan but Still i dint get my loan closure certificate. Very poor services. There is a good customer care but things not done by them whatever i expect from them.
      Was this review helpful? 4
      , coimbatore
      Reviewed on Jun 06, 2018
    • RBL Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The personal loan process was good with the RBL. I have got the loan amount within 20days of time. The customer support service and the response is good with the RBL and they give better service to the customer. The rate of interest and the charges were pretty high with the RBL personal loan .
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 31, 2018
    • RBL Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with RBL and my loan experience was good, the loan amount was for Rs 2 lakhs with nominal interest rate when compared to other banks. Customer service was good and they collected documents on time. The tenure period for this loan is for 2 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 25, 2018
    • RBL Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      Got the personal loan from the RBL around 4 months ago. The customer support service and the response is good with the RBL and they have delivered the loan amount with in a month time. They have offered me the loan amount of Rs,1,65,000 but I have applied for the loan amount of Rs,6,00,000 .
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 23, 2018
    • RBL Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan with RBL and it was a good loan experience. The loan amount was for Rs 1 lakh with the rate of interest which is high when compared to all other banks. The process was smooth and i received my loan amount within 1 week. Customer service was good and they collected documents on time. The tenure of this loan is 3 years and it was overall a good service from RBL.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
    • RBL Bank Personal Loan
      "Interest rate to be better"
      0.5 4.5/5 "Excellent!"
      I am running a personal loan with RBL Bank. It was taken last year. They offered a personal loan on time. The customer service was not good, they need to improve the service. The rate of interest was very high. I make the payment through ECS. The pre closure option is good.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Dec 20, 2017
    • RBL Bank Personal Loan
      "Not satisfied with the customer service"
      0.5 1.0/5 "Really Bad"
      From RATNAKAR BANK i have taken a personal loan and the rate of interest is 13%. I have taken this loan to close my another loan with AXIS. Its was a balance transfer. The documentation was minimal. Customer service is not good after the loan process no one contacted me.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 07, 2017
    • RBL Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      From RATNAKAR BANK i have taken a personal loan of 5 lakhs. The approved rate of interest was 15.5%. The monthly EMI is 16891 for a tenure for 3 to 4 years.After the approval of loan no one from the bank end contacted me. If i had any clarification also the customer service doesn't provide any proper response.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 07, 2017
    • RBL Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with RATNAKAR bank. They collected the documents on the same day and within few days my personal loan got approved and disbursed my funds. They offered me the loan with 14% as rate of interest and there are no processing fees.
      Was this review helpful? 2
      , mumbai
      Reviewed on Nov 18, 2017
    • RBL Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am having the personal loan with the RBL bank and the loan amount got disbursed within four to five days of time. I would like to say that the response is good one with them and I dont have any issues on it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 10, 2017
    • RBL Bank Personal Loan
      "Fantastic service"
      0.5 5.0/5 "Blown Away!"
      I had taken a personal loan from Royal Bank of London,the loan amount is 4 lakhs rate of interest is 13% nominal like other banks.they took one week to complete the process.Tenure is 4 years.Executives has responded on time and very happy with the service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 02, 2017
    • RBL Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The Ratnakar Bank has disbursed my personal loan within 5 days of time, they have processed my loan without any documentation because I got the loan via on my credit card bases. The customer service is good with RBL.The rate of interest is nominal when compared with others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 30, 2017
    • RBL Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      RBL takes immediate action to approve the personal loan, totally they had taken around 3 to 4 days to disburse the amount. I got a call from them, then I have submitted the documents to the bank, they processed my loan immediately with a good interest rate.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 08, 2017
    • RBL Bank Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      RBL executive have called me for the personal loan, then they came and collected the documents expect the bank statement, I have to sent it to their mail id. Loan process got delay they have more three weeks to sanction the loan. RBL offered me the interest rate 21% for one lakh it is very high compared to other banks.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 21, 2017
    • RBL Bank Personal Loan
      "Quick in process"
      0.5 5.0/5 "Blown Away!"
      I had taken my personal loan from RBL and the process was excellent. I got the loan as required and the documentation was normal and the disbursement happened on time as well. The bank had a good deal on the interest rate and processing charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
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