Skip to Content

Equipment Loan FAQs

Who can avail of Equipment Loans?

Entities willing to buy equipments like injection moulding equipment, medical equipment, printing equipment etc for business use can avail Equipment Loans / Equipment Finance, subject to meeting the eligibility criteria.

How much finance can I avail of?

You can borrow up to 80% of your equipment cost, based on your loan eligibility.

What are the tenure options?

48 to 60 months.

How long will it take to process the loan?

Loans are processed within 2-5 working days of completing the documentation.

Do I need a guarantor?

Partners /Promoter Directors will be taken as co-applicant in case of Partnership/Pvt ltd co. respectively.

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?

EMI’s in the form of PDC’s (Post Dated Cheques) and through Electronic Clearing Service (ECS).

What are the stages involved in availing a loan?

The stages involved are:
  • Application
  • Processing
  • Documentation
  • Sanctioning of the loan
  • Disbursement

If I am not able to furnish financial documents is there a special scheme for me?

Yes, pls contact our sales representative for further details.

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 022-39484900 / 044-30787400 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 022-39484900 / 044-30787400 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.

Apply Now

Text to Identify Refresh CAPTCHA Refresh CAPTCHA
Fields marked with * are mandatory