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Reliance Loans offers instant loan options of up to 75 Lakhs for individuals and small businesses. The loan is designed to provide quick and convenient access to funds for a variety of financial needs, including personal expenses, business expansion, and home purchases.
Personal Loan Disclosure
A personal loan is an unsecured loan that can be taken for various purposes such as traveling, education, emergencies, etc.
Loan Details:
- APR (Annual Percentage Rate): The APR for personal loans can range from 10% to 35%, depending on the customer’s profile and credit score.
- Repayment Period: The repayment period for personal loans can vary from 12 months to 60 months.
- Processing Fee: The processing fee for personal loans is typically 1% to 4% of the loan amount plus GST. For example, for a personal loan up to Rs. 2 lakhs, the processing fee with a 1% interest rate would range from Rs. 2000 to Rs. 4000 + GST, depending on the lender’s policy.
- Pre-Payment Charges: The option for prepayment may or may not apply, depending on the lender. If applicable, the pre-payment charges can range from 0% to 4% + GST.
Representative Example: For a loan amount of Rs. 5 lakhs at an interest rate of 10% with a repayment tenure of 5 years, your Equated Monthly Installment (EMI) will be Rs. 10,624/-. At the end of 5 years, the total payable amount will be Rs. 6,37,411. Therefore, the total payable interest amount will be Rs. 1,37,411.
Our Loan Types
01.
Personal Loan
Personal Loan is a monetary item for salaried people in India. You can utilize the assets to determine any financial cost. It is an unstable credit where you don’t need to submit guarantee to the moneylender
02.
Education Loan
Any Resident Indian can apply for the loan. The loan applicant’s minimum age should be 18 years and the maximum should be 35 years. Students should have secured admission to a higher education course in recognised institutions, Indian or abroad, through entrance tests.
03.
Home Loan
Home loans from the Reliance Finance Loan have some of the most attractive and best home loan interest rates in India, starting at 8.55% p.a. A loan tenure extension option of up to 30 years guarantees a comfortable repayment period.
04.
Vehicle Loan
A Vehicle Loan is a loan that allows you to purchase two and four wheelers for personal use. Typically, the lender loans the money (making a direct payment to the dealer on the buyer’s behalf) while the buyer must repay the loan in Equated Monthly Instalments (EMIs) over a specific tenure at a specific interest rate.
05.
Mortgage loan
06.
Medical Loan
In this case, you will have to pay from your cash reserves, or go in for a Personal Loan that takes care of your medical expenses. These loans will cover surgery, hospitalisation, chemotherapy and other treatments. Reliance finance companies offer such Personal Loans.
How to apply for Loan
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Eligibility Criteria
- Age : for salaried person : 21 years to 60 years & for Self-Employed : 22 years to 55 years
- Net Monthly Income :for salaried person- Rs.12,000 & for Self-Employed : Rs.30,000
- Minimum Loan Amount :for salaried person-Rs.100000 & for Self-Employed : Rs.100000
- Maximum Loan Amount :for salaried person Rs.20 lakh & for Self-Employed :Rs.15 lakh
Documentes needs
- Proof of Identity for Salaried Individuals Passport, Voter’s ID, Driving License or PAN Card and for Self Employed Passport, Voter’s ID, Driving License or PAN Card
- Proof of Residence for Salaried Individuals Passport or utility bills and for Self Employed Passport or utility bills
- Proof of Income for Salaried Individuals Bank statement of salary account for the past two years for Self Employed Audited financial statement of the past two years
Instant Process With our Expert
Analysis of Financial Documents
Apply For Loan
Helping the Users to get their credit report through approved operators joined forces with Reliance finance. We will screen and update the credit report acquired by the User using the Platform as and when Reliance Financer
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If You wish to utilize the Platform, You have to keep up a record and will be needed to outfit certain data and subtleties, including Your name, email id, contact number and some other data regarded fundamental by Reliance Financer
Instant Approval
Reliance Financer has the privilege and freedom to screen the substance of the Website consistently which will incorporate data gave in your record. The observing of the Website is critical to decide the veracity.
Why to Choose Us?
Best Loan Provider Agency
Less Documents
Any Clients will feel happy due to less paperwork because unnecessary formalities are not in our Document process.
No Hidden Fees
We believe loan doesn't have to be expensive,that's why we continually strive to offer the most competitive intrest around.
Well Qualified Team
Reliance Financer have much experienced and qualified team who focused for not to develop business but trust of our client also.
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