Reliance Capital

Reliance Capital

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating Rate of Interest : 13 % to 18.25 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 years to 15 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee 1.50 %  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Reliance Capital

Reliance finance is a part of reliance capital. Reliance capital ranks among top 4 banking groups in terms of net worth. If you want loan against property then you can take it from Reliance Capital. Owning a property in India is the very biggest asset one can have. Reliance offers loan against property to its customers to avail finances during a crisis. Reliance Capital has businesses in asset management, mutual funds, life insurance and general insurance, commercial finance, home finance, stock broking, wealth management services.

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans lower your eligibility
Pay off your credit card bills
Choose longer tenure loan up to 15 years

Rate of Interest and Other Charges for Loan Against Property are following

Rate of Interest:

Sno.

Loan Type

Rate Of Interest

1

Loan Against Property(Floating)

13% to 18.25%

Existing Loan take over or New Loan

Here are some points for this:

  • You get higher LTV and tenure.
  • Against residential, commercial, industrial property and land.
  • You are given the flexible repayment option.
  • Salaried individual, self-employed individual and self-employed non-professor can avail Reliance Commercial Finance loan against property.
  • Financials are not required for loans up to Rs.3 crore.

Features of Loan

 Features and benefits of Reliance Capitla:

  • Specially designed loan for self-employed individuals
  • Flexible repayment facility
  • Lower EMI
  • Loan against both residential and commercial property
  • Loan can be applied online
  • Longer tenure period
  • Higher loan amount
  • Multi-purpose loan facility
  • Speedy loan approval

Documents required for Reliance Capital Loan against Property

For Salaried Individuals:

  • Proof of Residence(any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voter’s ID Card
  • Proof Of Identity(any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver’s License
  3. employer’s Card
  • Bank Statement / Passbook of last 6 months
  • Salary slip of last 6 months.
  • Form 16 for previous 2 years.
  • Legal documents of the concerned property.

For Self-employed individuals

  • Certified financial statement of last 3 years.
  • Proof of Residence (any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voters Card
  • Proof of Identity (any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver License
  3. Employer’s Card
  • Latest Bank Statement or Passbook
  • Copies of all property documents which you want to use as collateral.