Reliance Capital Personal Loan

Reliance Capital Personal Loan Details

star star star star_half star 3.5 / 5.02 users

Reliance personal loan is an easy and convenient way for individuals to fulfill their specific dreams. It renders personalized services to the customers. The Reliance personal loan is designed to suit different classes of customers. At Loanbaba.com you find all information about Reliance Capital Ltd. Personal Loan.

Why Choose Reliance Personal Loan?

• The advantage of this loan is its same interest throughout the duration.
• Simple documentation is needed and the personal loan in Reliance then gets processed faster.
• The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
• You can check out Reliance Capital personal loan eligibility and Reliance Personal Loan EMI calculator at Loanbaba.com.

Features of Personal Loans at Reliance Capital Ltd

The following key points will help you understand the features and benefits of the personal loans Reliance Capital Ltd.:

1. Choice of opting for loan amount and tenure

An applicant can take a loan from Reliance of Rs 50,000 to Rs 17, 00,000. The same can be repaid within tenure of 12 months to 60 months. It offers you the flexibility to choose your tenure.

2. Quick documentation process

The NBFC has a straightforward documentation procedure since they go about it with internationally tested methods. All you need is a photo ID, verified signature, address proof and a document that declares your age. The same is submitted with the application, and you are ready to get the loans from the best banks and NBFCs in the world.

Why Apply for Reliance Personal Loan?

Loanbaba provides comprehensive information about personal loan schemes by Reliance Capital Ltd. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for this loan online on the financial institution's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Reliance Personal Loan Interest Rates

Personal Loan Reliance interest rate starts at 14%, but varies as per individual profile. Keep a check on this page to note the updated Reliance personal loan interest rate for the current year.

Reliance Personal Loan Eligibility Calculator

Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Reliance personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for Reliance’s personal loan are discussed below:

• The applicant for personal loan Reliance needs to meet the age requirement and possess all necessary identity and income proof required to apply for the loan.
• He/she meet the requirement for credit score and should not be under too many debts.

Types of Reliance Personal Loans

Reliance has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

Reliance Personal Loan FAQs

Below provided are important questions about personal loan Reliance.

• addFAQs
  1. What are the eligibility criteria for Reliance personal loan?

  Eligibility criteria for Reliance personal loan

  • Minimum work experience of 2 years is must for salaried class; however in case of self-employed the business needs to be at least 2 years old.
  • The age of the applicant should be between 21 years and 60 years. Here the maximum age is loan completion date and not age for granting the loan.
  • The minimum monthly income should be Rs. 25,000.

  EMIs (Equated Monthly Installments) for various loans can be calculated online by EMI calculators offered by our website.

  2. What are the documents required for Reliance personal loan?

  Reliance personal loan documents required are mentioned below:

  Income Documents

  • For salaried class, bank statement for past 6 months, pay-slip for last 3 years and latest form 16 are required to be produced before Reliance.
  • In case of self-employed, latest ITR of 2 years, financial documents (Balance Sheet, Tax Audit Report, Profit and Loss Account and Schedules to Balance Sheet) and bank account (current) statement of the firm/ business needs to be produced.
  • You need to give details of your current borrowings from various banks along with the details of different credit cards owned.

  KYC Documents

  • ID card (PAN, Aadhar Card, Voter Card and Passport), Address Proof (Aadhar Card, Voter Card, Utility bills and Ration card) and a few passport size photographs.

  Employment Proof/ Business Continuity Proof

  • For salaried class, either form 16 or appointment letter at least 2 years old is must.
  • In case of self employed, ITR or GST/ Sales/ Service Tax registration certificate having previous two years traceability can be produced.

  Property Documents (in case of LAP/ HL)

  • In case of under construction property- payment schedule, proof of payment of booking amount or allotment letter
  • In case of ready property- parent documents, certificate of payment of property tax, sale deed, Khatha (7/11 extract) or latest EC
  • In case of plot and self construction- parent documents, sale deed latest EC or Khatha (7/11 extract).

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Reliance Bank.