Equipment Loan Interest Rates
|Description of Charges||Charges|
|Cheque Bounce Charges||Rs 1000|
|Overdue Interest||26% p.a.|
|Cheque Swapping Charges||Rs 500 per swap|
|Prepayment Charges||Equipment Loans with Security Deposit:- |
|Loan Cancellation Charges||Rs.2000|
|Loan reschedulement charges : |
a) EMI Cycle Date Change
b) Tenure/EMI Reschedulement
3% of POS
|NOC Issuance charges||First "Nil", Duplicate Rs.500|
|Cash Handling Charges||1% + applicable taxes for cash receipts for Rs.50K (Max cash limit Rs 1,99,999.)|
|SPDC retrieval Charges for swap, matured, preclosure and customer induced cancellations||Rs.300/- at the time of Preclosure/Swap/Matured/Customer Induced cancellations. |
Rs.450/- upto sixty days from the day of Preclosure/Swap/Matured/Customer Induced cancellations.
|Outstation Cheque Charges||NA|
|Changing Fixed Rate to Floating & Vice versa||NA|
|Non Refundable Fee||NA|
|Charges on Duplicate NDC 2 & 25||Rs.500/- per LAN|
|Prepayment Statement Charges||Rs.200/-|
|Disbursement Cheque Revalidation||Rs.300/-|
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”.