Reliance Capital

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating Rate of Interest : 12 % to 12.50 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 years to 7 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee-  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Reliance Capital

Reliance Capital Limited is an financial services company. It is part of a Reliance Anil Dhirubhai Ambani Group. It is an Indian diversified financial services. It is holding company promoted by Reliance Group Reliance Capital has businesses in asset management, mutual funds, life insurance. Reliance capital is listed with the Reserve bank of india. It is under section 45-IA of the Reserve bank of India Act, 1934.

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans loweryour eligibility
Pay off your credit card bills
Choose longer tenure loan up to 7 years

Rate of Interest and Other Charges for New Car Loan are following

Rate of Interest Reliance Capital New Car Loan:

Sno.

Loan Type

Rate Of Interest

1

New car Loan(Floating)

12% to 12.50%

Existing Loan take over or New Loan

Here are some points that why you should choose Reliance capital for New car Loan:

  • On Reliance Capital Finance is available for up to 100%
  • On this bank Reducing interest rates are available with easy EMIs
  • You can choose Flexible tenure of up to 7 years

Features of Loan

Features and benefits of Reliance Capital New Car Loan:

  • Reliance Capital offer extremely quick services.
  • Here Minimum loan amount is Rs 1 lakh
  • Maximum loan amount is up to 90% of the ex-showroom price of the car
  • Prepayment is allowed after 6 months from the disbursement of the loan
  • LTV (Loan to value) of up to 90% of the ex-showroom price of car
  • Repayment period ranges from 1 to 5 years
  • Loans are approved within 24 hours after the documentation process

Documents Required for applying Car loan with Reliance Capital Bank

  1. Age Proof (Any one from these)
  • PAN Card
  • Passport
  • Voter ID
  • Aadhaar Card
  • School or College Leaving Certificate.
  1. Identity Proof (Any one from these)
  • PAN Card
  • Passport/Voter ID
  • Aadhaar Card
  • Driving License
  1. Residence Proof (Any one from these)
  • Passport
  • Voter ID
  • Electricity Bill
  • Telephone Bill
  • Life Insurance Policy
  1. Signature Verification Proof
  • PAN Card
  • Passport
  • Aadhaar Card
  • Any Other Documents Supporting Signature Proof
  1. Bank Statement
  • Bank Statement of Last 3-6 Months
  1. Income Proof

                  For Salaried-

  • Salary Slip of Last 3-6 Months.
  • Form 16 of Last 2 years.

                  For Self Employed-

  • ITR of Last 3 Years Profit & Loss A/C Statement
  • Audited Balance Sheet for Last 3 Years