Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • RBL (Ratnakar) Bank Business Loan Reviews

    • 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? 0
      , 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
    • RBL Bank Personal Loan
      "Best employer offer"
      0.5 4.5/5 "Excellent!"
      I had taken personal loan during the year 2015 march from Ratnakar Bank, Still my loan is on-going . I didn't face any issue with them. My loan amount is Rs.2 lakhs with an interest rate of 13.5% also there was no processing fee charged for the same. Ratnakar Bank offered me a part payment and preclosure options were with them with a zero offer.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 12, 2017
    • RBL Bank Personal Loan
      "Don't take loan from cheats"
      0.5 0.5/5 "Unacceptable"
      Third class bank third class services lots of hidden charges they are deducting every month third class representative nobody takes responsibility to answer your questions. Minus infinity rating don't even think to take loan from this third class bank.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 31, 2017
    • RBL Bank Personal Loan
      "Good Services"
      0.5 4.0/5 "Great!"
      I had applied for a personal loan with Ratnakar Bank. The services was good. The response is good too. They contacted me on time. But the loan could not be processed due to the banking norms. The rate of interest was average. Not sure on the processing charges.
      Was this review helpful? 2
      , chennai
      Reviewed on Mar 17, 2016
    • RBL Bank Personal Loan
      "Good experience "
      0.5 5.0/5 "Blown Away!"
      The service provided by Ratnakar bank was really good based on the personal loan application being submitted.I am very happy with the service provided by ratnakar.They are able to complete the loan process within a weeks time.They have applied charges around 2% for the processing.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Feb 11, 2016
    • RBL Bank Personal Loan
      0.5 4.0/5 "Great!"
      Ratnakar bank was good in their services for my personal loan. In the initial stage of the process they informed me that their bank is new at Nagpur and will take a little time as the approval has to come from their Mumbai office. I was happy about that. They also offered me a pleasing rate of interest. The processing charges was normal.
      Was this review helpful? 1
      , nagpur
      Reviewed on Oct 05, 2015
    • RBL Bank Personal Loan
      "Excellent Services"
      0.5 4.0/5 "Great!"
      My personal loan is from Ratnakar Bank. The services was good. They responded very well. They initially told me that the rate of interest is of 17%. Later they informed me it is of 18.5%. I negotiated with them and finally got a interest rate of 17%. The processing charges was reasonable. It was of 3500.
      Was this review helpful? 2
      , chennai
      Reviewed on Sep 18, 2015
    • RBL Bank Personal Loan
      0.5 4.0/5 "Great!"
      I have taken my loan from Ratnakar bank. The services has been good. They kept me informed about all the details before I received the loan. The rate of interest was a bit high and also their processing charges are high compared to HDFC Bank. But am happy that I was informed all the details required before I took the loan.
      Was this review helpful? 4
      , chennai
      Reviewed on Jul 31, 2015
    • RBL Bank Personal Loan
      "Satisfied but interest is high.."
      0.5 4.0/5 "Great!"
      Interest rate for personal loan was very high because I got for 18%. I have availed the loan because I had a need or for this rate I would not have opted. Response of Ratnakar bank was very fast as got instant call from the executives. Charges are also somewhat high.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jul 17, 2015
    • RBL Bank Personal Loan
      "Average service "
      0.5 4.0/5 "Great!"
      I would say it was a average experience with RATNAKAR BANK while getting this personal loan.The customer service provided was good and the interest rate offered was also average rate.They required more documents for processing this loan and the loan amount was disbursed within 15days of time.
      Was this review helpful? 9
      , bangalore
      Reviewed on Jun 04, 2015
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    RBL (Ratnakar) Bank Business Loan is Rated as "Great!" by 11 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    RBL (Ratnakar) Bank Business Loan

    Overview about RBL 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.

    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

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