Reliance Capital Personal Loan Details

Reliance Capital Personal Loan Details

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Reliance Capital offers a personal loan through the Reliance Money portal. You can avail of immediate funds for education, travel, medical emergency, business, wedding, home renovation, or any other requirement. The urgent funding helps you to achieve self ‘reliance’, as you take control over your finances. The initiative is to make individuals independent. You do not have to pledge any assets to get the funds. The money is credited to your bank account quickly after approval.

In the below post, we will discuss Reliance Capital Personal Loan features, interest rate, documents required, fees and charges, and frequently asked questions.

Features of Reliance Capital Personal Loan

Here are Reliance Money Personal Loan features:

• Salaried individuals, self-employed businessmen, and self-employed professionals can apply for this loan.
• You can avail of the funds for travel, education, renovation of home, marriage, work expansion, big-ticket purchase, and other personal or commercial needs.
• The repayment tenure is between 12 months and 48 months.
• Get benefit of simplified and quick documentation, low rate of interest, hassle-free loan sanction and disbursal.
• There is no requirement for income proof.
• There is no need for collateral/security to apply for the loan.
• During the loan sanctioning, you will have to submit post-dated cheques for security.
• If all the documents and verifications are in place, then the institution takes up to 3 days from the completion date of the documentation.

Reliance Money Personal Loan Interest Rate

The Reliance Capital Personal Loan Interest Rate is as per the individual’s profile and needs. The interest is calculated on a monthly reducing balance basis. If the EMI is based on a monthly reducing balance, then every month the principal amount/component reduces. The interest is then calculated on the remaining principal at the end of every month.

Documents Required for Personal Loan Reliance Capital

Here are the documents for the loan application:

• Any one of the government-recognized identity proofs such as Passport, Aadhaar Card, Voter ID Card, Driving Licence.
• Any one of the government-recognized address proofs such as Passport, Driving Licence, Voter ID, utility bills, telephone bills, registered lease deed or sale agreement.
• Recent passport-sized photographs.
• Duly filled and signed loan application form.
• You have to provide one cancelled cheque for RTGS or refund (if any).
• A bank statement that shows clearance of the last month’s EMI

Reliance Capital Personal Loan Fees and Charges

Here are the fees and charges for Reliance Money personal loan: