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FAQs

Who can avail of Loans Against Property from Reliance Commercial Finance?

One can avail if one

  • Salaried individuals in the age group of 21 to 58/60 depending upon retirement age
  • Self-employed individuals in the age group of 21 to 65 years(at the end of the loan tenure)
  • Partnership Firms and Private Ltd.Companies
Which Products can be Financed?
  • Loan against Property-Residential&Commercial
  • Lease Rent Discounting
  • Balance Transfer cum Top Up
  • Existing Customer Top Up
What are the tenure options?

Loans against Property range from a minimum of 3 years upto a maximum of 15 years

How long will it take to process the loan?

Loans are processed within 2 working days of completing the documentation

Do I need a guarantor?
  • All property owners to be co-borrowers
  • For sole property owner/applicant-one adult family member to be co-applicant
  • Partners and Promoter Directors will be taken as co-applicant in case of Partnership and 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 from the date of final disbursement of the loan.Foreclosure charges applicable.

Can I make part pre-payment?

You can make part pre-payments of a minimum amount of Rs 50,000 after 6 months from the loan date.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 time of request.

How do I repay the loan?
  • Electronic Clearing System(ECS)OR
  • Post dated cheques(PDCs)
What are the stages involved in availing a loan?
  • Application
  • Processing
  • Documents
  • Sanctioning of the loan
  • Disburdement


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