RBL Bank Business Loan 2022

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RBL Bank Business Loan 2022 Highlights

✔ Check your RBL Bank Business Loan eligibility, types, benefits ✔ apply online with easy EMI only on Afinoz ✔ Instant Approval


RBL Bank offers multiple business loans to cater to specific financial needs of different businesses. Facilities offered by the bank include working capital loan, term loan and non-fund based financial help. RBL Bank business loans are available at competitive interest rates starting from 18% p.a. to address the financial needs of small businesses. 

Features & Benefits of RBL Bank business loan

Here are the key features of RBL Bank business loan:

  • Flexible business loan amount from Rs. 10 lakh up to Rs. 35 lakh.
  • Flexible and convenient loan repayment tenure of 12 to 36 months. 
  • Collateral-free and unsecured business loan.
  • Convenient repayment in the form of Equated Monthly Instalments (EMI) depending on the loan amount, loan tenure and interest rate applicable. 

Eligibility Criteria for RBL Bank business loan

While applying for RBL Bank business loan, applicants will need to meet the following eligibility criteria to qualify for the loan. 

  • RBL Bank offers business loans to self-employed individuals, self-employed professionals, partnership firms, sole proprietorships and private limited companies (including closely-held public limited organizations), with profit-making business for the past 3 years. 
  • Age of the applicant applying for the loan should be between minimum 27 years at the time of application and maximum 65 years at loan maturity. 
  • The business should be operable for a minimum of 5 years in the same line with at least 3 years of business establishment and operation in the same city. For self-employed professionals, minimum 4 years of post-qualification experience is needed. 
  • The minimum turnover required for the businesses is Rs. 1 crore for professionals and service sector. The gross receipts of applicants should be at least Rs. 60 lakhs. 
  • The applicant should be the owner of the residence or must own office in his name or jointly with family members or resides in the property owned by an immediate member of this family. 

Documents Required for RBL Bank business loan

  • PAN Card of individuals/ company/ partnership firm
  • Identity proof: Any one of Voter ID / Driving License / Passport / Aadhar Card
  • Address proof: Any one of Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement
  • Business residence proof: Either residence or office either in the name of applicant or jointly with family members 
  • Business continuity proof: One of the following documents - Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / Certificate of Incorporation / Partnership Deed – dated 5 years old
  • The business plan or letter stating end-use of the business loan funds on business letterhead. 
  • Passport size photographs of applicant(s) and co-applicant(s)

RBL Bank business loan Interest Rates 2021

Here are the RBL business loan interest rates and other charges:

Interest rate

18% p.a. onwards

Loan amount

Rs. 10 to 35 lakh

Processing fees

3% of the loan amount; no processing fees on loan below Rs. 5 lakh for SME loans

Cheque bounce or swap charge

Rs. 250 per instance

Late payment charges

2% additional interest per month on unpaid amount

Issuance of duplicate certificate

Rs. 250 per instance

Foreclosure charges

  • Foreclosure is allowed only after payment of 6 EMIs

  • 7 to 18 EMI payment: 5% of principal outstanding

  • More than 18 EMIs payment: 3% of principal outstanding  

Document charges

Rs. 7000 for Small Business Loans below Rs. 5 lakh

Note: Interest rates are subject to periodic changes and will depend on the loan amount, applicant’s relationship with the lender and past track records. 

How RBL Bank business loan compares with others lenders business loan


Interest rate (p.a.)

Loan amount

Loan tenure

RBL Bank 

18% onwards

Rs. 10 – 35 lakh

12 – 36 months


15.65% - 21.20% 

Rs. 50,000 - Rs. 50 lakh

12 – 48 months

Kotak Mahindra Bank

10.3% onwards

Rs.3 lakh - Rs.2 crore

12 – 60 months

Tata Capital

19% onwards

Rs. 5 – Rs. 50 lakh

12 – 36 months


18% - 25% 

Rs. 1 lakh – Rs. 50 lakh

12 – 48 months

Standard Chartered Bank

17.25% onwards

Rs. 10 lakh to Rs. 75 lakh

Up to 60 months


Why should you apply for an RBL Bank business loan through Afinoz?

Afinoz.com is one of the leading personalized financial marketplaces. The user-friendly business loan platform developed by Afinoz lets you choose the best business loan that meets your requirements from multiple options available:

  • Instant Approval – Once you complete and submit the application form along with the relevant documents, you can get your e-approval within 3 business days.
  • Real-time application tracking - Keep track of your application status in real-time with a unique transaction ID generated at the time of the loan application submission on Afinoz.com. We ensure to keep applicants informed about their application process at each step via SMS and emails.
  • Online eligibility check – The entire process from eligibility check, loan application to disbursal, everything is online. You have to share basic information about you and our online business loan eligibility calculator will let you know the amount of loan you are eligible to borrow from RBL Bank for financing your business.
  • Secure Environment - Afinoz.com has a built-in security for personal information of customers which is stored in a secure environment on our system with their consent. The information is then sent to the bank in an encrypted format digitally and is very secured and scripted.
  • Free quotations – Get the best online deals on business loans and free unbiased quotes on business loan interest rates from multiple lenders. You can also find out your EMI in advance using a business loan EMI calculator. 

➤ FAQs

Ques. How much business loan can I get?

RBL Bank offers a business loan between Rs. 10 to 35 lakh. Based on your eligibility and requirements, you can apply for the loan.

Ques. How much time would it take for a business loan to get approved?

You can expect the loan within 4 days of application if you qualify for RBL Business loan.

Ques. Is it possible to prepay business loan earlier?

Yes, it is possible with some conditions as under: • Foreclosure is allowed only after payment of 6 EMIs • 7 to 18 EMI payment: 5% of principal outstanding • More than 18 EMIs payment: 3% of principal outstanding

Ques. I have an account in RBL Bank. Would I stand to get any benefits on the business loan?

Yes, RBL Bank offers additional benefits like concession in process fees, lower interest rates, etc. to its customers. You can pay back the loan through Standing Instructions to debit your account in RBL Bank.