| Description of Charges
|
Charges
|
| Loan Processing Charges
|
Upto 3% of loan amount + Service Tax.
|
| Non Refundable processing fees (included in processing fees)
|
Rs.1500
|
| Cheque bounce charges
|
Rs.450
|
| Late Payment charges
|
3% pm on unpaid amount.
|
| Cheque swapping charges
|
Rs. 500 per swap.
|
| Prepayment charges
|
6 % within 12 months of disbursement, 4% thereafter (on the outstanding principle)
|
| Loan cancellation and rebooking charges
|
Rs. 2000
|
| Loan reschedule charges
|
3% on POS
|
| Loan statement charges (per statement)
|
Nil for 1 every half yearly, Rs 500 thereafter.
|
| NOC Issuance charges
|
First - 'Nil', Thereafter Rs 500
|
| Legal / repossession and incidental charges
|
Actuals
|
| Insurance Premium | Actuals |
| Advance EMI | Actuals |
Service Tax, as notified by the Government of India, is applicable on all fees, interest and other charges and is subject to change as per relevant regulations of the Government of India
Terms and conditions apply.
All loans are disbursed at the sole discretion of Reliance Capital Limited. All information herein is subject to change without notice. Under no circumstances cash, bearer or blank cheque or kind should be given to any executive in connection with the Loan application. Kindly note that all Post dated cheques and Transaction charge cheques should be crossed and issued in favour of “Reliance Capital Limited”.
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