|
Particulars |
Car Loans |
|
New
|
Used
|
|
Processing Fees* |
Upto 1.5% of the loan value or Rs. 5500/- whichever is higher.
|
Upto 1.5% of the loan value or Rs. 5500/- whichever is higher. |
|
Cheque Bounce Charges
|
Rs.650 |
Rs.650 |
|
Late Payment Charges
|
3% p.m. on unpaid EMI |
3% p.m. on unpaid EMI |
|
Cheque Swapping Charges
|
Rs.500 per swap |
Rs.500 per swap |
| Asset Verification Charges
|
Rs.350
|
Rs.350
|
| Valuation Charges
|
Not applicable
|
Rs.500
|
| Prepayment Charges
|
Within 12 months from disbursement - 5%, After 12 months from the date of disbursement - 3%
|
Within 12 months from disbursement - 5%, After 12 months from the date of disbursement - 3%
|
| Loan cancellation and rebooking charges
|
Rs.2000
|
Rs.2000
|
| Stamp duty
|
At actuals
|
At actuals
|
| Loan reschedulement charges
|
2% on POS
|
2% on POS
|
| Loan Statement charges ( per statement)
|
Rs.500
|
Rs.500
|
| NOC Issuance charges
|
First "Nil", Duplicate Rs.500
|
First "Nil", Duplicate Rs.500
|
| Legal / Collection/ Repossession and Incidental charges
|
At actuals
|
At actuals
|
Processing Fees for New and Used Car Loans have been changed w.e.f. 14.05.2010
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”.