Reliance Money
Reliance Money is an Indian NBFC(Non-Banking Financial Company) company, a diversified financial services holding company. Its chairman is Mr Anil Ambani.
It is a company that empowers and helping its customers in realising their business dreams.
Reliance Money Offerings
- Equipment Loan
- Education Infrastructure loan
- Health care infrastructure loan
- Loan against property
- Emerging markets business loans
- Supply chain finance
- Used car loan
- Two-wheeler loan
- Personal loan
- Microfinance
- Infrastructural loans
Reliance Money loans offered
- Equipment Loan
- Education Infrastructure loan
- Health care infrastructure loan
- Loan against property
- Emerging markets business loans
- Supply chain finance
- Used car loan
- Two-wheeler loan
- Personal loan
- Microfinance
- Infrastructural loans
Reliance Money Personal Loan
Reliance Money provides instant personal loans to salaried and self-employed individuals with minimal documentation, no income proof requirement, and flexible repayment terms of up to 48 months. The Reliance Money personal loan can be used to fund a family wedding, home renovation, or even medical expenses. Continue reading to learn more about Reliance Money’s unsecured loan.
Reliance Money Personal Loan Highlights | |
Interest rate | As per Applicant Profile |
Loan Amount | As per Applicant Profile |
Loan Tenure | Up to 48 months |
Processing Fees | As per the loan agreement |
Foreclosure Charges | Up to 5% of loan principal prepaid |
Reliance Money Personal Loan Interest Rate
Reliance Money’s personal loan offers competitive interest rates based on the applicant’s profile. Credit score, credit utilisation ratio, current debt level, employment history, and other applicant-specific factors all influence the Reliance Money personal loan interest rate.
Reliance Money Personal Loan Eligibility Criteria
Personal loans are available from Reliance Money to salaried employees, self-employed professionals, and self-employed businesspeople. While the NBFC does not specify the exact eligibility criteria for each applicant type, the following factors may have an impact on your eligibility:
- Credit score
- work experience
- existing monthly obligations
- business/profession longevity, and so on.
Reliance Money Car Loan
Reliance Money offers its customers the facility of a used car loan. You can know about it more in the article below:-
Features
- Finances your pre-owned vehicle.
- Refinance and purchase your pre-owned vehicle.
Eligibility
Particulars | Details |
Eligible Applicants | Salaried Individuals, Proprietors, Self-employed individuals, Partnership Firms, Private Ltd companies, Limited companies, Trusts, HUFs. Note: All applicants should be Resident Indians to avail of loans from RCF. |
Minimum Loan Amount | Rs.1 Lacs |
Tenure | Used Car – 12 months to 60 months |
Age of the Applicant
(Individual & proprietors) |
The Minimum Age is 21 years at the time of application for the loan.
Maximum Age- 65 years for self-employed individuals and 60 years for salaried customers at the end of the loan tenure. |
Fees and Charges
Particulars | Used Car Loans |
Cheque Bounce Charges | Rs 600 |
Cheque Swapping Charges | Rs:500/- |
Overdue Interest | 26% p.a. |
EMI Cycle Date Change | Rs.2000 |
Reschedulement Charges | 2% of Principal Outstanding |
Duplicate NOC | Rs.500 |
LPG Kit NOC charges | Rs.750 |
Cash Handling Charges | 1% + applicable taxes for cash receipts more than Rs.50K (Max cash limit Rs 1,99,999.) |
Outstation Cheque Charges | NA |
Cheque revalidation charges | Rs. 300 |
Loan Statement charges ( per statement) | NIL |
Prepayment Charges | A) Regular Customers – i) Within 12 months from disbursement – 5% +GST, ii) After 12 months from the date of disbursement – 3% + GST. |
Loan cancellation charges | Rs.2000 |
Loan re-schedule charges EMI Cycle Date Change | Rs.2000 |
SPDC retrieval Charges for swap, matured, preclosure and customer induced cancellations | i) Rs.300/- at the time of Preclosure/Swap/Matured/Customer Induced cancellations. ii) Rs.450/- up to sixty days from the day of Preclosure/Swap/Matured/Customer Induced cancellations. |
Changing Used Car loan interest rate (Fixed Rate to Floating & Vice versa) | NA |
Non Refundable Fee | NA |
Conversion charges | NA |
Copies of Loan Documents/ Agreement/Retrieval of Share Certificate | NA |
Charges on Part Disbursement | NA |
Prepayment statement charges | NA |
Reliance Money Customer Care Number
Call 022-47415800 for more info. 10:00 a.m. to 7:00 p.m. (Except Sundays and Public Holidays).
Reliance Money Customer Complaints
You can complain to your bank branch if you have any complaints or grievances. Still, if the complainant does not receive a response from the bank within 30 days, or if the bank rejects the criticism, or if the complainant is dissatisfied with the bank’s response, they may file a complaint with the Banking Ombudsman.
Reliance Money FAQ’s
✅ Who can avail of SME Secured Loans?
The following can avail an SME secured loans.
- Doctors who work for themselves and are between the ages of 24 and 65. (at the end of the loan tenure).
- Partnerships and private limited liability companies
✅ How much finance can I avail of?
Based on your loan eligibility, you can borrow up to 80% of your planned investment in plant and machinery.
✅ What are the tenure options?
The business loans are available for a minimum of 6 months and a maximum of 4 years.