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.
Here are Reliance Money Personal Loan features:
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.
Here are the documents for the loan application:
Here are the fees and charges for Reliance Money personal loan:
Here are the Reliance Capital Personal Loan FAQs:
You can pay the EMIs in form of Demand Draft, ECS (Electronic Clearing Service), or NACH (National Automated Clearing House) mandate.
Yes, you can prepay the entire loan. But fees and charges may apply. You can prepay through draft or cheque in the favour of ‘Reliance Commercial Finance Limited’.
Visit any branch of Reliance Money for prepayment. If prepayment charges apply, then you need to also pay that amount.
There is no facility for insurance on the personal loan.
After loan closure, you will receive the Indemnity Letter for unused cheques and No Objection Certificate sent to your registered address. The same is expected in 10 to 12 working days.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Reliance Capital.
Subscribe to our newsletter
Akshar Blue Chip IT Park, 703, Thane - Belapur Rd, Turbhe, Navi Mumbai, Maharashtra 400705
Please enter OTP received on your Mobile Number and Email Address.