RBL Bank Car Loan Interest Rates
RBL Bank Car Loan Interest Rates
| Interest Rate | 10.35% to 10.85% |
| Loan Processing Charges | 1% of the loan amount |
| Issue of Duplicate Interest and Principal Certificate | Rs 250 |
| Cheque Bounce Charges | Rs 250 |
| Loan Foreclosure charges | If the car loan is closed before 12 months, then the charges would be 5% of the outstanding principal amount. After a 12-month period, a charge of 3% would be levied. |
| Late Payment Charges | 2% additional interest on the overdue amount every month |
| Prepayment before 6 months | No charges levied. |
| NOC issuance charges | Rs 250 |
| Cheque swapping charges | Rs 250 |
| Charges for issuing CIBIL report | Rs 50 |
| Loan Tenure | 12 to 60 months |
| Quantum of Loan | Up to 90% of the car value |
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