Call: (Service queries & New loans) 022-47415800
Benchmark PLR
An Authum Investment & Infrastructure Ltd. Company

FAQs for Small Business Loan

Who can avail of SME Secured Loans ?

  • Self-employed doctors in the age group of 24 to 65 years (at the end of the loan tenure).
  • Partnership Firms & Private Ltd. Companies.

How much finance can I avail of ?

You can borrow up to 80% of your planned investment in plant and machinery, based upon your loan eligibility.

What are the tenure options?

Business loans range from a minimum of 6 months up to a maximum of 4 years.

How long will it take to process the loan?

Loans are processed within 4-5 working days of completing the documentation.

Do I need a guarantor?

  • For sole applicant - one adult family member to be co-applicant.
  • Partners /Promoter Directors will be taken as co-applicant in case of Partnership/Pvt ltd co. respectivel.

Do I have the option of pre-paying the entire loan amount?

Yes. One can pre-pay the loan at any time after 6 months of availing of the loan. Foreclosure charges would be applicable.

How do I repay the loan ?

You can make part pre-payments of a minimum amount of Rs 50,000 after 6 months from the date of first disbursement of the loan. This payment can be made only once in a financial year subject to a maximum of 25% of the balance outstanding against your loan amount at the start of the financial year.

How do I repay the loan ?

  • Electronic Clearing System (ECS) OR
  • Post dated cheques (PDCs)

What are the stages involved in availing a loan?

The stages involved are:

  • Application
  • Processing
  • Documentation
  • Sanctioning of the loan
  • Disbursement

What is the process of TDS refund?

For TDS refund, you can claim TDS refund at 10% on interest component by submitting Form 16A. We request you to kindly download the original Form 16A from TDS TRACES site and submit original copy of TDS certificate duly signed by you. You can send us the digitally signed TDS certificate through E-mail by mailing it on our customer care email id or manually signed TDS certificate can be submitted by visiting our nearest Branch or by dispatching the original certificate through courier.

Kindly note that below details should be mentioned on TDS certificate:

  • Name of the company on TDS certificate -"Reliance Commercial Finance Limited".
  • Permanent Account Number for Reliance Commercial Finance Limited as "AABCR6898M"
  • Address to be mention on TDS certificate as:

Reliance Commercial Finance Limited

Reliance Centre, 6th Floor, South Wing

Off Western Express Highway

Santacruz East

Mumbai – 400055

Your request will be processed and you will receive the refund within 8 working days of receipt of original certificate.

You may also visit the nearest Branch for more details. Click here for Branch Locator.

What is the process for checking the EMI clearance status?

EMI clearance status can be checked online through our portal ( or you can call on our customer care number 022-47415800 between 9.30am to 6.30 pm except Sundays & public holidays.

Note - EMI clearance status will get updated in our system within 3 working days of your EMI due date.

What is the process of getting a duplicate NOC/NDC in case the original NOC/NDC gets misplaced?

Duplicate NOC/NDC is a chargeable request - Rs 500 per loan A/c. You may pay the charges online or visit the nearest branch for paying the amount and raise the request for Duplicate NOC/NDC. If your communication address has been changed then you can share a copy of your current address proof on our Customer care email id after paying the Duplicate NOC charges so that we can arrange to send the Duplicate NOC/NDC on your current address.

How do I pay the Outstanding/Overdue amount online?

Click here to understand the procedure for online payment.

What is the procedure for prepaying the loan?

You can pre-pay the loan any time after 6 months of availing of the loan. You have to pay a prepayment fee on the outstanding loan amount. For pre-closure of the loan you will have to give request for pre-closure statement by calling on our customer care number 022-47415800 between 9.30am to 6.30 pm except Sundays & public holidays or by sending an email on our Customer care email id (

Prepayment statement charges of Rs.200/- per loan A/C is applicable in this case. On receipt of prepayment statement, we request you to visit our branch along with the following documents for the closure of the loan.