Business Loan Interest Rates & Charges
Educational Funding / Medical Equipment / Hospital Funding / Secure Lending
| Description of Charges | Charges |
| Cheque Bounce Charges | Rs 1000 |
| Cheque Swapping Charges | Rs 500 |
| Overdue Interest | 26% p.a. |
| EMI Cycle Date Change | Rs 2000 |
| Reschedulement Charges | 2% of Principal Outstanding |
| Duplicate NOC | Rs.500 |
| LPG Kit NOC charges | NA |
| Cash Handling Charges | 1% + applicable taxes for cash receipts for Rs.1 lakh and above (Max cash limit Rs 1,99,999.) |
| Outstation Cheque Charges | NA |
| Cheque revalidation charges | Rs.300 |
| Prepayment Charges | i) 5% + S.T within 12 months of disbursement, ii) 2% + S.T thereafter |
| Loan cancellation charges | Rs.2000 |
| Loan reschedulement charges EMI Cycle Date Change | Rs.2000 |
| SPDC retrieval Charges for swap, matured, preclosure and customer induced cancellations | i) Rs.300/- at the time of Preclosure/Swap/Matured/Customer Induced cancellations. ii) Rs.450/- upto sixty days from the day of Preclosure/Swap/Matured/Customer Induced cancellations. |
| Changing Fixed Rate to Floating & Vice versa | NA |
| Non Refundable Fee | NA |
| Conversion charges | NA |
| Copies of Loan Documents/ Agreement/Retrieval of Share Certificate | NA |
| Charges on Part Disbursement | NA |
| Charges on Part Disbursement | NA |
| Prepayment statement charges | Rs 200 |
SME Power and other loans with Security Deposit
| Description of Charges | Charges |
| Cheque Bounce Charges | Rs 1000 |
| Cheque Swapping Charges | Rs 500 |
| Overdue Interest | 26% p.a. |
| EMI Cycle Date Change | Rs 2000 |
| Reschedulement Charges | 2% of Principal Outstanding |
| Duplicate NOC | Rs.500 |
| LPG Kit NOC charges | NA |
| Cash Handling Charges | 1% + applicable taxes for cash receipts for Rs.1 lakh and above (Max cash limit Rs 1,99,999.) |
| Outstation Cheque Charges | NA |
| Cheque revalidation charges | Rs.300 |
| Prepayment Charges | Cases disbursed since. 0 to 12 months: 5% of the POS. 13 to 24 months: 4% of the POS. 25 and beyond: 2% of the POS. *The Preclosure charges is exclusive of Service Tax. |
| Loan cancellation charges | Rs.2000 |
| Loan reschedulement charges EMI Cycle Date Change | Rs.2000 |
| SPDC retrieval Charges for swap, matured, preclosure and customer induced cancellations | i) Rs.300/- at the time of Preclosure/Swap/Matured/Customer Induced cancellations. ii) Rs.450/- upto sixty days from the day of Preclosure/Swap/Matured/Customer Induced cancellations. |
| Changing Fixed Rate to Floating & Vice versa | NA |
| Non Refundable Fee | NA |
| Conversion charges | NA |
| Copies of Loan Documents/ Agreement/Retrieval of Share Certificate | NA |
| Charges on Part Disbursement | NA |
| 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”.
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