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Fees & Charges

Cheque Bounce Charges Rs.450
Cheque Swapping Charges Rs 500
Overdue Interest 3% p.m.
EMI Cycle Date Change Rs 500
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 NA
Prepayment Charges "Prepayment charges won't be applicable to the below:
1. Indvl App with Indvl Co-App
2. Proprietorship App with Indvl Co-App
Only Indvl App
Prepayment charges will be applicable other than above."
Loan cancellation charges i) Loan Cancellation with Own Instrument within 7 days from date of disbursement
a) Charges - 1% + Service Tax of Loan amount
b) Interest from the date of disbursement till the date of cancellation.
ii) Loan Cancellation post 7 days from the date of disbursement
a) Prepayment charges will not be applicable on loan amount.
b) Interest from the date of disbursement till the date of cancellation.
Loan reschedulement charges EMI Cycle Date Change Rs.500
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 0.5% of Outstanding Principal
Non Refundable Fee Loan up to Rs 25 lacs - Rs. 3,000 + S.T
Loan >Rs 25 lacs - Rs. 6500/- + S.T
Conversion charges / Switch fee 0.5% of the POS for normal HL/LAP/LRD/CP.For 9.95% scheme it is 5% of POS within 3 years and no charges for the compulsory conversion after three years and normal conversion charges thereafter till the maturity of the loan
Copies of Loan Documents/ Agreement/Retrieval of Share Certificate Rs.500/- per LAN
Charges on Part Disbursement Rs.750/-
Prepayment statement charges Rs.200/-

Home Loan with Fixed Rate and Semi-Fixed loans

Cheque Bounce Charges Rs.450
Cheque Swapping Charges Rs 500
Overdue Interest 3% p.m.
EMI Cycle Date Change Rs 500
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 NA
Prepayment Charges a) Cases Disb. Prior to 1st Oct.08 :
i) 5% on POS within 12 months of disbursement
ii) 2% thereafter
b) Cases Disb. On and After 1st Oct.08 ::
i) Between 6-12 Months from Disb.- 5% on POS+S.
ii) Between 12-24 Months from Disb.- 3% on POS+S.T
iii)After 24 Months from Disb.- 2% on POS + S.T
c) Cases Disb. On and After 1st Sep'11 (Applicable for Home Loan - Fixed Rate) ::
i) Between 6-24 Months from Disb.- 3%+S.T
ii) After 24 Months from Disb.- 2%+S.T
d) 9.95% scheme
Cases Disb. Prior to 1st Oct.08 ::
5% on POS in the 1st 3 years & 2% after 3 years
Cases Disb. After 1st Oct.08 ::
5% on POS + S.T in the 1st 3 years & 2%+S.T after 3 years
**Part payments made within one year of the date of full Prepayment, shall be added to the principal outstanding for calculation of foreclosure charges"
In the case of expiry of semi fixed interest rate or converted to floating interest rate, the prepayment / foreclosure charges will not be applicable.

In Semi -fixed interest rate cases, prepayment /foreclosure charges are applicable in lock in period or in continution of fixed interest rate, if the prepayment made other than own source of funds.
Loan cancellation charges i) Loan Cancellation with Own Instrument within 7 days from date of disbursement
a) Charges - 1% + Service Tax of Loan amount
b) Interest from the date of disbursement till the date of cancellation.
ii) Loan Cancellation post 7 days from the date of disbursement
a) Prepayment charges won't be applicable.
b) Interest from the date of disbursement till the date of cancellation.
Pls note: For all cases of Home Loan (incl HL BT + Top Up) wherein the customer has not en-cashed the disbursement PO and requests for cancellation of the loan with RCF / RHF, would be considered as Prepayment with own funds and would not attract any charges.
Any Charges include only Prepayment charges are waived off, rest all charges as per charge schedule of Home loan are applicable.
Loan reschedulement charges EMI Cycle Date Change Rs.500
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 0.5% of Outstanding Principal
Non Refundable Fee Loan up to Rs 25 lacs - Rs. 3,000 + S.T
Loan >Rs 25 lacs - Rs. 6500/- + S.T
Conversion charges 0.5% of the POS for normal HL/LAP/LRD/CP.For 9.95% scheme it is 5% of POS within 3 years and no charges for the compulsory conversion after three years and normal conversion charges thereafter till the maturity of the loan
Copies of Loan Documents/ Agreement/Retrieval of Share Certificate Rs.500/- per LAN
Charges on Part Disbursement Rs.750/-
Prepayment statement charges Rs.200/-

Construction Finance

Cheque Bounce Charges Rs.450
Cheque Swapping Charges Rs 500
Overdue Interest 3% p.m.
EMI Cycle Date Change Rs 1000
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 NA
Prepayment Charges 5% in First Year , 4% in second year , 3% in Third Year.
The charges is exclusive of Service Tax.
Loan cancellation charges i) Loan Cancellation with Own Instrument within 7 days from date of disbursement
a) Charges - 1% + Service Tax of Loan amount
b) Interest from the date of disbursement till the date of cancellation.
ii) Loan Cancellation post 7 days from the date of disbursement
a) Prepayment charges won't be applicable.
b) Interest from the date of disbursement till the date of cancellation.
Loan reschedulement charges EMI Cycle Date Change Rs.1000
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 0.5% of Outstanding Principal
Non Refundable Fee On Actuals
Conversion charges 0.5% of the POS / 0.75% for Land + Construction CF Loans
Copies of Loan Documents/ Agreement/Retrieval of Share Certificate Rs.1000/- per LAN
Charges on Part Disbursement Rs.1000/-
Prepayment statement charges Rs.500/-

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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