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