Reliance Personal Loan

Features:

·         Loan available up to Rs 1700000.

·         Repayment options can stretch b/w 12 to 60 months.

·         Repayment through PDCs or ECS

·         Loans available with no security or zero collateral.

Eligibility:      

·         Salaried Individual includes salaried doctors, employees of leading MNC, public & private companies.

·         Self-employed professional includes self-employed doctors, CAs, engineers etc.

·         Self- employed nonprofessional includes Sole proprietors, Partners & Directors of Partnership & Pvt. Ltd. Companies.

Charges:

·         Processing Charges:3% of the loan amount

·         Cheque Bounce Charges: Rs 450 for each cheque dishonored or ECS bounce

·         Late Payment Charges:2% per month on unpaid EMI

·         Cheque swapping charges: Rs 500 per swap.

·         Prepayment charges: 6%of the outstanding amount.

·         Loan cancellation & rebooking charges-Rs 1000

·         Loan reschedulement charges is 2% on principal outstanding

·         Loan statement charges Rs 300 per statement

·         Duplicate NOC issuance charges-Rs 500

Interest Rates:

·         Interest rates:16 to 23%

Salaried individuals

• Application form with recent photograph
• Salary slips or salary certificate for last 3 months
• Bank statement for last 3 months
• Proof of Identity (any one): Passport/Driving licence/Photo credit card/Employee licence/Voter's ID/PAN card
• Proof of Residence (any one): Driving licence/Any utility bill/Govt. or authority bill

Self employed

• Application form with recent photograph
• IT returns for last 2 years
• Bank statement for last 6 months
• Proof of Identity (any one): Passport/Driving licence/Photo credit card/Employee licence/Voter's ID/PAN card
• Proof of Residence (any one): Driving licence/Any utility bill/Govt. or authority bill
• P&L and Balance Sheet for last 2 years certified/audited by CA