Reliance Commercial Finance

Being one of the leading non-banking company for money lending Reliance Commercial Finance is a member of the Reliance Capital group. While Reliance Capital is into heavy investments, Reliance Commercial Finance provides used car loans with easy documentation and approval procedures. It also has flexible repayment options making it a popular choice amongst loan seekers. If you want to buy that four wheeler with some financial help look for Reliance Commercial Finance

Reliance commercial Car Loan Fees and Interest Charges



Interest Rate : 16%


Processing Fees : 1.25% of Loan Amount or 4500 whichever is Maximum


Loan Tenure : 1-4 YEARS


Guarantor  : NOT REQUIRED


Pre-closure Charges :  5% of principal outstanding (plus ST) within 12 months from date of disbursement. 3% (plus ST) afterwards



Check the factors first

Minimum Rs 15000 per month income required

Finances  up to 80 % of the car value

Any other EMI can lower down your eligibility


Know if you’re eligible for the loan

Minimum entry age: 21 years

Maximum age: 65 years

Income: Salaried & self employed


Why don’t you increase your loan eligibility?

Choose longer tenure for 4 year eligibility maximisation.

Credit card bill need to be clear

What are the documents needed?

 

1. Application form with photograph duly signed


2. Processing fees


3. Latest  6 months Statement of bank account


4. ID Proof with Photo


5.Address Proof with Photo


6. Documents required for self employed


  • Proof of business existence
  • Last 3 years Income tax returns with computation of income
  • Last 3 years balance sheet and Profit /loss statement duly certified by CA

7. Documents for salaried


  • Income Tax statement or Form 16
  • salary slip of latest three month
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