Fees & Charges
|Description of Charges||Charges|
|Prepayment Charges||Prepayment charges won't be applicable to the below: |
1. Indvl App with Indvl Co-App
2. Proprietorship App with Indvl Co-App
Only Indvl App
Prepayment charges will be applicable other than above and also, for Fixed Rate of Interest as per the sanction letter.
Part payments made within one year of the date of full Prepayment, shall be added to the principal outstanding for calculation of foreclosure charges.
|Cheque Bounce Charges||Rs 1000|
|Overdue Interest||26% p.a.|
|EMI Cycle Date Change||Rs.500|
|Tenure/EMI Reschedulement||2% of POS|
|NOC Issuance charges||First "Nil", Duplicate Rs.500|
|Legal / Collection/ Repossession & Incidental charges||As per Actuals|
|Copies of Loan Documents/ Agreement/Retrieval of Share Certificate||Rs.500/- per Loan Number|
|Charges on Part Disbursement||Rs.750/-|
|Prepayment Statement Charges||Rs.200/-|
GST, as notified by the Government of India, is applicable on all fees, interest and other charges and is subject to change as per relevant regulations of the Government of India.
Terms and conditions apply.
All loans are disbursed at the sole discretion of Reliance Commercial Finance Limited. All information herein is subject to change without notice. Under no circumstances cash, bearer or blank cheque or kind should be given to any executive in connection with the loan application. Kindly note that all post dated cheques and transaction charge cheques should be crossed and issued in favour of “Reliance Commercial Finance Limited”.