Reliance Car Loan
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With Auto finance options that are quicker, simpler and easier, "Reliance Car Loan" makes owning your dream car a speed-bump-free experience.
Reliance understand that your choice set of wheels might be a brand new sparking car, or a pre-owned used car, that is why they offer both, loan for used cars, as well as loans for new ones.
Reliance auto loans truly go that extra mile for you. They also consider the ‘on-road value’ of the vehicle for funding, which means their car financing also covers insurance and road tax*.
Reliance Car Loans Features and Benefits:
The Benefits You Receive On Loan:
- Easy and hassle free documentation process.
- Get quick access to the loan amount at multiple locations.
- You can pay back loan amounts within a period of 84 months
- The re-payment of loan amount shall be tailor made to suit your requirements.
- The mode of re-payment are cheques and you can pay electronically also.
- The loans are offered on “On-Road value”, means that not just the insurance is covered but also the road tax is also included.
- An individual can get upto 85% finance on used cars with car age not exceeding 5 years
Key Product features: Reliance Car Loan
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Minimum Loan |
Rs. 50,000 |
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Tenure |
1 year to 7 years and for Used Car 5 years |
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Eligible borrower segments |
Salaried persons, Self employed, Sole Proprietorships, Partnership Firms, HUFs, Trusts, Private organizations and Public Ltd Companies. |
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Loan to Value |
The ratio of the maximum loan amount to the value or cost of the vehicle, depends on the vehicle make, model of vehicle and its tenure. |
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Repayment Mode |
EMIs in the form of Post Dated Cheques (PDCs) and via Electronic Clearing Service (ECS).
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Loan Type |
Term loan with hypothecation marked in favor of "RELIANCE CAPITAL LIMITED" |
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Type of Cars |
According to list of cars approved by "RELIANCE CAPITAL LIMITED" |
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Use Of Vehicle |
Vehicle financed should be for personal use, official use or commercial use. |
Eligibility: Reliance Car Loan
Customers eligible for car loan are :
- Salaried persons
- Self-Employed persons
- Proprietorships
- Partnerships
- Private Ltd companies
- Limited Companies
- Trusts
Fees and Charges: Reliance Car Loan
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Particulars |
Car Loans |
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New Cars |
Used Cars |
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Cheque Bounce Charges |
Rs. 450 |
Rs. 450 |
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Late Payment Charges |
3.0% p.m. on due EMIs |
3.0% p.m. on due EMIs |
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Cheque Swapping Charges |
Rs.500 per swap |
Rs.500 per swap |
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Asset Verification Charges |
To be removed |
To be removed |
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Valuation Charges |
Not applicable |
Rs. 500 |
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Prepayment Charges |
Within 1 year from disbursement: 5% + Sales Tax & after 1 year from the date of disbursement: 3% + Sales Tax |
Within 1 year from disbursement - 5% + Sales Tax and after 1 year from the date of disbursement - 3% + Sales Tax |
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Loan cancellation and rebooking charges |
Rs.2000 |
Rs.2000 |
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Stamp duty |
At actuals |
At actuals |
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Loan reschedulement charges |
2% on POS |
2% on POS |
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Loan Statement charges ( per statement) |
Rs.500 |
Rs.500 |
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NOC Issuance charges |
First "Nil", Duplicate Rs.500 |
First "Nil", Duplicate Rs.500 |
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Legal / Collection/ Repossession and Incidental charges |
At actuals |
At actuals |
| Leading Auto Loan Providers (Click to Apply) | |||
|---|---|---|---|
| Axis Bank Car Loan | HDFC Car Loan | ICICI Car Loan | Other Banks |
| REMINDER SERVICES | EMI CALCULATOR |
CAR LOAN INTEREST RATES |
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