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Used Car Loans Fees & Charges

Particulars Used Car Loans
Cheque Bounce Charges Rs 600
Cheque Swapping Charges Rs:500/-
Overdue Interest 26% p.a.
EMI Cycle Date Change Rs.2000
Reschedulement Charges 2% of Principal Outstanding
Duplicate NOC Rs.500
LPG Kit NOC charges Rs.750
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 Rs. 300
Loan Statement charges ( per statement) NIL
Prepayment Charges A) Regular Customers -
i) Within 12 months from disbursement - 5% +GST,
ii) After 12 months from the date of disbursement - 3% + GST.
Loan cancellation charges Rs.2000
Loan reschedulement charges EMI Cycle Date Change Rs.2000
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 Used Car loan interest rate (Fixed Rate to Floating & Vice versa) NA
Non Refundable Fee NA
Conversion charges NA
Copies of Loan Documents/ Agreement/Retrieval of Share Certificate NA
Charges on Part Disbursement NA
Prepayment statement charges NA

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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