RBL Bank Business Loans

Are you waiting for the perfect opportunity to run your business in top gear? RBL Business Loans provide you with the opportunity to turn your dreams into reality. Scale-up your business to new heights with RBL Business Loans, which comes with a host of benefits to meet your business needs. With the services of RBL Bank, you can focus on augmenting your business while the bank takes care of financing your business expansion needs. We are here to help you understand the different types of loans that come under RBL Business Loans. 

Interest Rate and Other Charges

• Interest Rate: 20% onwards

• Processing Fee: Up to 3% of the loan amount

Types of RBL Business Loans

RBL Retail Business Loans

The RBL retail Bank Business Loan is a perfect solution for your short-term finance and working capital requirements. 

Features and Benefits:

• Loan amount offered can be from Rs. 10 lakhs to Rs. 35 lakhs

• Flexible loan repayment option of 12 to 36 months

• No collateral required

Eligibility and Loan Criteria:

• Self-employed individuals, self-employed professionals, partnership firms, sole proprietorships, and Pvt ltd companies, with a profitable business for the past 3 years.

• The applicant’s age must be between 27 years and 65 years

• The applicant must have 5 years of experience in the same line of business, with at least 3 years of business establishment and operation in the same city.

• For self-employed professionals, a minimum of 4 years of post-qualification experience is needed.

• Business turnover must be over Rs. 1 crore for the professional/service sector, and the applicant’s gross receipts must amount to at least Rs. 60 lakhs.

• The applicant must have either a residence/office of his/her own or jointly with his/her family members, or must reside in a residence that is owned by an immediate family member.

Documents Required:

• Passport size photographs of all the applicants and co-applicants

• PAN card for:

  • Individual

  • Company

  • Partnership Firm

• Identity proof (Any one of the following)

  • Voter ID

  • Passport

  • Driving license

  • Aadhar card

• Address proof (Any one of the following)

  • Voter ID

  • Passport

  • Driving license

  • Electricity bill 

  • Telephone bill

  • Bank statement

  • Registered lease deed or sale agreement

• Ownership proof of either residence/office either in the name of the applicant/jointly with family members

• Business continuity proof (Any one of the following documents that is a most of 5 years old)

  • Bank statement

  • Partnership deed

  • Sales tax challans

  • Shops & Est. certificate

  • IT Returns

  • Certificate of incorporation

• A letter certifying the end use of the business loan funds on a Business Letterhead

Documents for Self-employed Individuals/Sole Proprietorships:

• Audited ITR and financials for the last 2 years, including profit & loss account, balance sheet, and computation of income, along with all schedules.

• Bank statements from the applicant’s main accounts for the last 6 months, and 3 months statements of all other bank accounts that are mentioned in the Balance Sheet.

Documents for Self-Employed Professionals

• Audited ITR and financials for the last 2 years,  including profit & loss account, balance sheet, and computation of income.

• Bank statements for the last 6 months from the applicant’s main accounts and last 3 months bank statements of all other bank accounts that are mentioned in the Balance Sheet.

• Professional qualification certificate & degree certificate for professionals (doctors, chartered accountants, architects, etc.)

Documents for Partnership Firms/Private Limited Companies

• Audited ITR and financials for the last 2 years,  including profit & loss account, balance sheet, and computation of income.

• Bank statements for the last 6 months from the applicant’s main accounts and last 3 months bank statements of all other bank accounts that are mentioned in the Balance Sheet.

• For partnership firms: Partnership deed and partnership authority letter. 

• Certificate of Incorporation (COI) for companies.

• Memorandum and articles of association & board resolution from the company.

• Latest shareholding patterns for private and public ltd. companies.

Working Capital Finance

RBL is ready to take care of your business progression through inventory & receivable funding. The bank supports your day-to-day expenses and other related needs to take care of monthly commitments like salary, electricity, etc. The bank wants to make sure that you stay focused on your business and to improve liquidity in your business

Features and Benefits:

• Cash credit limit/overdraft facility to support day-to-day operations.

• Export credit to provide pre & post-shipment finance to exporters.

• Non-fund-based facilities such as buyer’s credit and letter of credit. 

• Bank guarantees to meet financial obligations and performance.

• Simple and hassle-free documentation and loan process.

• Quick disbursal

Eligibility Criteria:

For manufacturing, trading, or services:

• A minimum track record of 3 years in the same line of business.

• Cash profit with a positive net worth for the last 2 years.

RBL says ‘No Financing’ to the Following Businesses:

• Businesses involving tobacco, liquor, narcotics, and gambling.

• Manufacturers or marketers of banned drugs

• Polluting industries that have no clearance from pollution control authorities

Documents Required:

• KYC of the applicant with self-attestation, such as PAN, registered/communication address proof, business license, etc.

• Financials documents such as audited financial statements of the last 2 years, along with ITR, tax audit report, and schedules.

• Interim performance supported with a copy of VAT/service tax returns etc.

• Bank statement for the last 12 months along with sanction letter from the current bank (if applicable).

• Security-related documents

• Any other specific document, as required or deemed fit

Overdraft Against Property

RBL manages to fund requirements for your business needs with the help of dropline overdraft against property, and you would have to pay for only what you use.

Features and Benefits:

• Dropline overdraft tenure of up to 10 years

• Dropline overdraft limit of up to Rs. 5 crores

• Both commercial and residential property is accepted as collateral

• Loan can be availed for upto 80% of the property value

• Attractive interest rates

• Minimal documentation and faster approval

• Interest charged only on the amount utilized

Eligibility and Loan Criteria:

• Self-employed individuals and professionals, partnership firms, sole proprietorships, and private limited companies.

• Offered only to Indian residents.

• Minimum age (at loan sanction) is 23 years

• Maximum age (at loan maturity) is 65 years

• Minimum net profit of Rs.150,000 as per the latest ITR/Financials.

Documents Required:

• Passport size photographs of all the applicants and co-applicants

• PAN card for:

  • Individual

  • Company

  • Partnership Firm

• Identity proof (Any one of the following)

  • Voter ID

  • Passport

  • Driving license

  • Aadhar card

• Address proof (Any one of the following)

  • Voter ID

  • Passport

  • Driving license

  • Electricity bill 

  • Telephone bill

  • Bank statement

  • Registered lease deed or sale agreement

• Ownership proof of either residence or office, either in the name of the applicant/jointly with family members

• Business continuity proof (Any one of the following documents that is not more than 5 years old)

  • Bank statement

  • Partnership deed

  • Sales tax challans

  • Shops & Est. certificate

  • IT Returns

  • Certificate of incorporation

• A letter certifying the end use of the business loan funds on a Business Letterhead.

 

Documents for Self-employed Individuals/Sole Proprietorships:

• Audited ITR and financials for the last 2 years,  including profit & loss account, balance sheet, and computation of income.

• Bank statements for the last 6 months from the applicant’s main accounts and last 3 months bank statements of all other bank accounts that are mentioned in the Balance Sheet.

Documents for Self-Employed Professionals

• Audited ITR and financials for the last 2 years,  including profit & loss account, balance sheet, and computation of income.

• Bank statements for the last 6 months from the applicant’s main accounts and last 3 months bank statements of all other bank accounts that are mentioned in the Balance Sheet.

• Professional qualification certificate & degree certificate for professionals (doctors, chartered accountants, architects, etc.)

Documents for Partnership Firms/Private Limited Companies

• Audited ITR and financials for the last 2 years,  including profit & loss account, balance sheet, and computation of income.

• Bank statements for the last 6 months from the applicant’s main accounts and last 3 months bank statements of all other bank accounts that are mentioned in the Balance Sheet.

• For partnership firms: Partnership deed and partnership authority letter. 

• Certificate of Incorporation (COI) for companies.

• Memorandum and articles of association & board resolution from the company.

• Latest shareholding patterns for private and public ltd. companies.

Unsecured Small Business Loan

Collateral-free loans are offered to support your business credit requirements. You can take your micro-enterprise to a new level with faster and timely access to funds.

Features and Benefits:

• Loan amount of up to worth 10 lakhs

• Flexible repayment tenure of 12 to 60 months

• Quick and simplified process

• Collateral free loan

• Attractive interest rates

Eligibility and Loan Criteria:

• Offers loans to individuals/proprietor/proprietorship firm

• Minimum applicable age while applying for the loan is 25 years

• Maximum age at loan maturity is 65 years

• 3 years of residential business stability in the current residence and business place

• Minimum experience - 3 years in the current business

• For loans above Rs. 3 lakhs, the customer must have at least 6 months of vintage in a business to avail an unsecured EMI based loan.

Documents Required:

• PAN card for:

  • Individual

  • Partnership Firm

• Identity proof (Any one of the following)

  • Voter ID

  • Passport

  • Driving license

  • Aadhar card

• Address proof (Any one of the following)

  • Voter ID

  • Passport

  • Driving license

  • Electricity bill 

  • Telephone bill

  • Bank statement

  • Registered lease deed or sale agreement

• Business continuity proof (Any one of the following documents that are a maximum of 5 years old)

  • Bank statement

  • Partnership deed

  • Sales tax challans

  • Shops & Est. certificate

  • IT Returns

  • Certificate of incorporation

• Income Proof

  • ITR with financials for at least one year filed at least four months prior to the application date.

  • VAT returns.

  • Bank credits for the last 6 months 

  • Purchase bills/kaccha bills/purchase or sales registers

Secured Small Business Loan

Secured Small Business Loan helps to manage and improve your business by providing timely access to funds. It can be availed to meet working capital requirements and for the purchase of machinery/equipment/repairs/renovation of the existing business unit.

Features and Benefits:

• Loan amount of up to 20 lakhs

• Flexible repayment tenure, of 12-84 months

• Both commercial and residential property accepted as collateral

• Quick and simplified process

• Attractive interest rates

• Assessment based on ITR/VAT/kachha pukka bills/bank statements

Eligibility and Loan Criteria:

• Offers loans to individuals/proprietors/proprietorship firms

• Applicant should be at least 25 years of age

• Maximum age (at loan maturity) must be 65 years

• Residential & business stability of 3 years in the current residence and business place

• 3 years minimum experience in the current business

• Property owner must be self/blood relative/co-borrower

• Property age must be less than 50 years

• Property should be approved by the appropriate authority

  • Urban – Approved by the development authority

  • Rural – Approved by the gram panchayat

Documents Required:

• PAN card for:

  • Individual

  • Partnership firm

• Identity proof (Any one of the following)

  • Voter ID

  • Passport

  • Driving license

  • Aadhar card

• Address proof (Any one of the following)

  • Voter ID

  • Passport

  • Driving license

  • Electricity bill 

  • Telephone bill

  • Bank statement

  • Registered lease deed or sale agreement

• Business continuity proof (Any one of the following documents that are not more than 5 years old)

  • Bank statement

  • Partnership deed

  • Sales tax challans

  • Shops & Est. certificate

  • IT Returns

  • Certificate of incorporation

• Income Proof

  • ITR with financials for at least one year filed at least four months prior to the application date

  • VAT returns

  • Bank credits for the last 6 months 

  • Purchase bills/kaccha bills/purchase or sales registers

• Complete collateral documents for secured loans including EC wherever applicable

Trade Finance Solutions

• Exports - Packing credit, Export bills collection/negotiation/discounting/purchase/rupee advance, export LC advising and advance remittance against exports.

• Imports - Import letter of credit, import bills collection/advance remittance against imports/direct bills, buyer’s credit/supplier credit.

• Inland Products - Letter of credit, bill discounting/purchase under LC/non-LCs, bank guarantee, bills for collection.

• Domestic trade - Collection of domestic purchase or sales document, supply chain financing solutions, faster realization of payments.

• Bank Guarantees - Financial, shipping, performance, others. BGs can be issued with 100% cash collateral or against an existing line.

• Term Loans - For capital expenditure or to meet contingencies. 

• Working Capital Finance - working capital, demand loans, cash credit, local/foreign currency short term loans to cover inventory and receivable holdings. The facilities are typically reviewed on an annual basis.

How to Apply for RBL Business Loans

Applying for an RBL Business Loan is quite simple. The different methods to apply for these loans are mentioned below.

Apply for RBL Business Loan Online

• Visit the RBL Business Loans- Apply Online page.

• Enter your name, city, state, mobile number, and email ID.

• Agree to the terms and conditions and click on ‘Submit.’

• The relationship manager will get in touch with you and guide you throughout the process.

Apply for Citibank Business Loan Through a Branch

• Visit the nearest RBL branch.

• Request for the Loan Application form.

• Fill in the form and submit it along with the required documents.

• Your documents will be verified by the bank.

• After the verification is done, your application will be processed and either approved or rejected.

RBL Bank EMI Calculator

When you opt for a loan, it is very important to know the monthly EMI and the interest that you are going to pay. Hence, for your convenience, RBL provides you with an EMI calculator. Select the loan amount, tenure (in months), and the interest rate to get your EMI amount.

Interest Rates of Top Banks Offering Business Loans 

Bank	Interest Rate	Processing Fee
SBI	11.20% - 16.30%	2% to 3%
Axis Bank	15.50% - 24%	Up to 2%
HDFC	15.65% - 21.20%	Up to 2.5%
ICICI	12.90% - 16.65%	Up to 2%
Citibank	16% - 18.99%	Up to 2%
Yes Bank	16.25% - 19.99%	Up to 2%
PNB	12.65% - 16.65%	Up to 1.8%
IDBI	13%	1%
Kotak Bank	16% - 19.99%	Up to 2%
IndusInd	14%	Up to 2.5%
Andhra Bank	9.15% - 16%	1% to 3%
RBL	20% onwards	Up to 3%
Canara Bank	10.50% - 18%	Up to 1%
Bank of Baroda	14.10%	Up to 1%

FAQs

What is the processing fee for RBL Business Loans?

The processing fee for RBL Business loan is up to 3% of the loan amount.

How can I repay my RBL Business Loan?

You can repay the loan through ECS, EMI, and auto-debit of your EMI from your RBL account.

What is the security I need to give to avail RBL Business Loan?

Security must be provided based on the type of loan you need.

What is the interest rate on RBL Business Loans?

The interest rate begins from 20%. The rate of interest is determined based on your business profile, financial assessment, tenure, track record, and the loan amount.