Personal Loans

[sunilamrutha]

Be it a wedding loan, vacation loan, or a loan to fulfill your credit needs, you can avail of them without any security or collateral.

Welcome to Reliance Personal loans. Our easy and hassle-free personal loans at attractive interest rates make the most ambitious of your dreams into pleasant reality.

That is why we offer loan up to INR 17, 00,000 and which can be repaid in flexible EMIs. And that’s not all, you can avail a personal loan on the basis of your repayment track record of an existing loan, credit card track record or if you hold a Systematic Investment Plan or Life Insurance Plan.

So, save your precious time by getting all our services at your doorstep by just applying online.

The time is here to reach out and touch your dreams.

Documentation
Documents Salaried Individuals Self Employed Individuals
Applications form with recent photograph
Proof of Identity (any one)
Passport, Voter's ID, Driving License, Government ID Card, Defense ID Card, Photo PAN Card, Photo Ration Card, Photo Credit Card, Photograph attested by banker.


Address Proof (any one)
Passport, Voter's ID, Driving License, Ration Card (of all the applicants), Co-op Housing Society Receipt, Life Insurance Policy(Policy to be minimum 12 months in force), Electricity Bill (In applicant's name), Telephone (Land or Mobile in applicant's name), Letter on company's letter head confirming address, Copy of registered lease agreement if staying on rent, Copy of flat agreement if current residence is owned, Latest bank account statement with complete address, Latest credit card statement with complete address.


Signature Verification Proof (any one)
Passport, PAN Card, Banker's Verification, Driving License, Credit Card with printed signature.


Continuity Proof
for salaried individuals (any one)
Latest Form 16,
In absence of above – Letter from HR Authorized Signatory or
Appointment Letter (at least 1 year old to establish 1 year continuity).
Increment or Promotion letter
for self employed individuals (any one)
3 years IT returns or Certificate of business continuity issued by bank.
Excise registration certificates, Sales Tax registration Certificates, Small scale unit registration Certificates, Certificate of Practice, Sales Tax registration Certificates, Small scale unit registration Certificates, Certificate of Practice


Income Documents/Financials
for salaried individuals
Any 2 out of last 3 Payslips or Salary Certificate for last 3 months
Bank Statements of the Primary Account for last 3 months. (For Income From Rent to be considered– latest Rent receipts/ Copy of Agreement to be submitted)

for self employed individuals
P&L and Balance Sheet for last 2 years certified / audited by CA along with Acknowledged IT returns for last 2 years.
Bank statement of the primary account for the last 6 months.

Proof of Business (any one)
Sales tax registration, Service Tax registration, Excise or SSI registration certificate, Title deeds or Municipality Tax receipt, Shops and establishments license, Utility bills


Additional Documents
For partnership firms -Copy of the latest partnership deed , attested by Chartered Accountant and self attested by 1 partner + registration number as issued by the Registrar of Firms

For Companies, copy of Memorandum and Articles of Association, Copy of certificate of Incorporation, List of Directors and List of Shareholders with Shareholding pattern. All documents to be certified by Chartered Accountant and attested by 1 director.

Board Resolution for Companies, authorizing one director to sign on behalf of the company. The resolution will also authorize the company to borrow. This has to be signed by signatories as per the MOA norms. This has to be signed by the company secretary and 1 director or by at least 2 directors.


Proof of Qualification
Highest degree (for professional/government employees)

Fees and Charges
Description Charges
Processing Charges 2.50% on Loan Amount
Cheque Bounce Charges Rs. 450 for each cheque dishonoured or ECS instruction not honoured.
Late Payment Charges 2% p.m. on unpaid EMI
Cheque Swapping Charges Rs.500 per swap
Prepayment Charges < 6 months- 6% 6-12 months- 4% >12 months- 3%
Loan cancellation & rebooking charges Rs.1,000
Stamp duty At actual
Loan reschedulement charges 2% on POS
Loan Statement charges ( per statement) Rs.300
NOC Issuance charges First "Nil", Duplicate Rs.500
Legal / Collection/ Repossession & Incidental charges At actual
Foreclosure Charges 6%(No part prepayment allowed)

[sunilamrutha]

Overview
When you think your business deserves to reach its fullest potential, you think right. Welcome to Reliance Business loans and we will help your business touch new heights.

Be it business funding to take care of your working capital requirements, or business loans to take advantage of a business expansion, Reliance Consumer Finance will be at your side.

Impressive features like easy repayment option with convenient EMIs, higher loan eligibility, flexibility of loan tenor make your decision for a business loan application, a breeze. With our balance transfer facility you can even easily transfer your existing business loans to us from other financiers at attractive interest rates.

And more importantly, you can avail of these loans without any security. So, apply online for a business loan now!

[sunilamrutha]

Overview
Do your best to give life a chance with healthcare finance from Reliance Consumer Finance. Acquire the latest technology and the most cutting-edge infrastructure, to provide the best treatment possible to your patients.

Our healthcare loans take care of financing your medical equipment purchase or the requirements to upgrade your hospital infrastructure. They come with minimal collateral, convenient payment facility over your chosen tenor with easy EMIs and higher loan eligibility to make all your expensive ambitions eminently possible.

Last but not the least, our healthcare finance comes with balance transfer facility, with which you can easily transfer your existing medical equipment loans from other financiers to us at attractive interest rates.

[sunilamrutha]

If you dream it, you can do it

Several decades ago, one man decided to bring his dreams to life and went on to build an empire called Reliance. Through Reliance microfinance schemes, we look at bringing your dreams to life with the simple belief that – if you can dream it, you can do it.

We want to be that silver lining of hope around the dark cloud. Through our Micro Finance initiatives we want to empower every Indian to turn his dream into reality.

Our vision is to provide access to finance at the grassroots level by partnering with MFIs, serving the rural and semi-urban areas. Hence, our microfinance initiative is in line with the group’s commitment to play a serious role in bringing value to the lives of people.