FAQsWho can avail of Reliance Micro Loans?
For on-ward lending, the following can apply:
- NBFC and NBFC-MFI
- Sec 25 Co.
- Societies and Trusts involved in micro-finance activities
Direct lending to:
- Women borrowers under JLG
Loans ranging from 15 K to 50 Cr depending on eligibility, income and repayment capacity.What are the tenure options?
The loan can be repaid over a period of 12-48 monthsDo I have to provide any security,collateral or guarantors?
Yes, security or collateral is required. For MF institutions up to 10% FD and 100% of Book Debts Hypothecation. For micro-entrepreneurs mortgage of property. For women borrower no collateral.How do I repay the loan?
For MF institutions Equate Monthly Installment. For women borrower and micro-entrepreneurs repayment can be weekly, bi-weekly and monthly.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 https://www.tdscpc.gov.in/ 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 (firstname.lastname@example.org) 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 Centre, 6th Floor, South Wing
Off Western Express Highway
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 (https://www.selfreliant.in) or you can call on our customer care number 022-39484900 / 044-30787400 between 9.30am to 5.30 pm except Sundays & public holidays.
Note - EMI clearance status will get updated in our system within 3 working days of your EMI due date.