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Fees & Charges

Description of Charges Charges
Processing Charges 1% of total disbursement
Cheque Bounce Charges Rs. 600 for each cheque dishonoured or ECS instruction not honoured
Late Payment Charges 2% p.m. on unpaid EMI
Foreclosure Charges 4% on Principal Outstanding as on the date of complete pre-closure
Prepayment Charges 2% on prepaid amount
Loan cancellation & rebooking charges Rs.1,000
Loan cancellation and rebooking charges Rs. 2000
Loan reschedule charges 3% on POS
Stamp duty At actual
Loan reschedulement charges 2% on POS
Legal / Collection/ Repossession & Incidental charges At actuals

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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