RBL Bank provides secured loans that are ideally aimed to provide financial aid towards personal or business needs by utilising the value of an owned property.
This secured loan is provided to salaried and self-employed individuals alike on properties that are commercial or residential. The loan thus availed can be used for personal or business needs for any term (subject to the repayment period)
A secured 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:
Loan against Property from RBL Bank is a specific term loan with repayment period of up to 15 years.
Based on the credit-worthiness of the applicant, validity of documents and value of the property, RBL Bank can provide loans up to INR 10 crores.
Interest rates for a Loan against Property 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 RBL Loan against Property?
The standard list of required documents for applying for this loan are mentioned as follows –
Financial documents required while applying for the loan will include and might not be limited to -
The Loan against Property from RBL Bank is an unsecured loan that requires no guarantors or collaterals and is a really good financing option for urgent financial needs on business grounds.
Some key features of this specialised loan are as follows
The loan can be applied for through RBL Bank’s website, as well as forms can be downloaded, filled and submitted along with relevant documents at a local branch. Additionally, one could call or mail RBL Bank requesting an executive assistance for application process.
One can also apply for RBL Bank Loan against Property through BankBazaar, wherein eligibility charts, EMI calculators and infographics can guide one through the application process.
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.