Reliance Business Loan

Reliance Business Loan Key Features

Interest Rate	11%
Tenure	6 months to 4 years
Lowest EMI per lakh	₹ 2000
Loan Amount	80% of the planned investment in plant and machinery, depending on the eligibility
Part Prepayment, Charges	Allowed after 1 EMI’s,
Early Foreclosure, Charges	Allowed after 1 EMI’s
Processing Charges	As per company’s policy
Prepayment Charges	i) 5% + S.T within 12 months of disbursement, ii) 2% + S.T thereafter
Repayment Period	12 – 48 months
Prepayment Condition	No pre-payment permitted until repayment of 6 EMIs
Collateral	Not required

Interest Rate, Fees, and Charges (Self Employed Non-Professional)

Advantages of Reliance Business Loan

Reliance provides customized products to fit in with the requirements of specific customer segments. They offer:

1. Charge-free NEFT/RTGS transactions and demand drafts.
2. Annual debit card fee waiver.
3. A separate current account for seamless reimbursement management.
4. Seamless and guided digital account opening.
5. Multiple credit card offerings.
6. Preferential rates on Home and Personal Loans.
7. Internet Banking, Mobile Banking, UPI App, Online utility bill payment facility, etc.

Reliance Business Loan Eligibility Criteria

Eligibility Criteria	Description
Age	21 to 60 years
Minimum Turnover	₹ 40,00,000
Business Existence (in months)	36 months
ITR (months)	0 months
Loan Amount	As per Policy
Loan Tenure	84 months
Owned House or Place of Work	Not Required
CIBIL Score	750 and above

Reliance Business Loan Documents Required

Common Documents:

• Copy of  Bank Statement
• Latest ITR and statement of computation of Income for the last 2 yrs.
• Proof of continuity of business
• Other Mandatory Documents that are Sole Proprietorship Declaration, Certified copy of Memorandum & Articles of Association certified by a director
• Original Board resolution
•  Financials audited/ certified  by a CA
• Valid Proof for Identity: Passport / Ration card / Electricity Bill/ Lease agreement  / Sales Tax certificate/Trade license / Voter ID card / Passport / Driving License/ PAN Card and MAPIN card
•  Residence Proof: Lease agreement/ Electricity Bill / Passport / Trade license / Sales Tax Certificate
• Age Proof: Passport / PAN card / Voter’s identity card
• Financial Documents: Copy of IT returns for the last two years and the latest Bank statements for 6 months along with the Profit and Loss balance sheet for the last two years audited by a C.A.

* (If a Pvt ltd Co. Then Partnership Authorization Letter/ co-borrower if partnership firm is just a co-borrower)

Self Employed (Private Ltd. Co. and Partnership Firms)

• Identity proof of the company: PAN ID /VAT /Service tax / Sales tax /Excise registration, / IT return of the concern/ Electricity bill /Water bill/ Registration under Shops and Establishment Act/Municipal tax bill in the name of the concern, Articles of Association and Memorandum
• Proof of identity: To be submitted with two authorized signatories such as 2 Directors including the managing director, with (any one of the following): PAN card, Voter’s identity card, Passport, and Driving license
• Financial Documents: Copies of IT returns for the last two years and Profit and Loss balance sheet for the last two years audited by a C.A

Self Employed Individuals – Professionals

•  Identity Proof for Sole Proprietorship: PAN ID/ ITR or Municipal tax, Water or the electricity bill in the name of the concerned.
• Identity proof for the Sole Proprietor: Passport, Voter’s identity card, Driving license, PAN card.
• Address Proof for the Sole Proprietor: Driving license, Voter’s identity card, Ration card, Passport
• Financial Documents: Copies of IT returns of the last 2 years and Bank statements of the last 6 months along with the Profit and Loss balance sheet for the last 2 years audited by a C.A

Self Employed Individuals – Non Professionals:

• Identity proof: Documents to be submitted for the sole proprietorship as well as for the individual’s (owner) identity.
• Copy of periodic stock, age-wise book-debt and creditors-statement for latest three months
• Copy of bank statement of main banker/copy of bank statement for the term loan for last  months
• Financial Documents: Profit and Loss balance sheet of the last 2 years audited by a C.A, Sales tax returns for a minimum of 3 years, and the Copies of IT returns for the last three years.

Business Loan EMI Calculator 

The following is the EMI calculated table for Business loans:

Loan Amount	10 Year Loan	15 Year Loan	25 Year Loan
₹ 20 Lakh	₹ 27,776	₹ 22,983	₹ 19,892
₹ 30 Lakh	₹ 41,665	₹ 34,475	₹ 29,838
₹ 50 Lakh	₹ 69,442	₹ 57,459	₹ 49,730

Calculate EMIs with the help of Dialabank’s fast and accurate EMI Calculator!

Compare Reliance Business Loan With Other Banks

Bank	HDFC Bank	Reliance
Interest Rate	15.65% – 21.35%	11%
Processing Fees	Starting from 0.99%, Max 2.50%	Starting from 1%, Max 2.50%
Loan Amount	₹ 50,000 to ₹ 50 Lakh	80% of equipment as sanctioned
Loan Tenure	12 to 48 Months	36 to 84  Months
Lowest EMI Per Lakh	₹ 2,816 per lakh	₹ 2000 per lakh
Part Payment Charges	Not Allowed	Not Allowed
Foreclosure Charges	Allowed after 12 months at 2 – 4%	Allowed after 1 EMI’s
Borrower’s Age	21 to 65 Years	25 to 65 Years
Minimum Years in Business Required	36 Months	36 Months
Minimum Turnover Required	₹ 1 Cr	As per Policy

More Banks to compare with Reliance Business Loan:

Barclays Bank	Canara Bank	Private Bank	ING Vysya Bank
HSBC	Citibank	Kotak Mahindra Bank

Purpose of Reliance Business Loan

Availing a Business Loan from Reliance can aid in:

• Maintaining the unhindered and timely flow of cash to the suppliers.
• Immediate accessibility to liquidity for financing the daily needs of the business.
• The loan amount can be used to engender business expansion and meet new costs.
• Cost cover for purchasing new or upgrading equipment or machinery for the business.
• Cost cover for inventories.

EMIs of Several Banks and NBFCs for Different Tenures

The following table shows the approximate values of EMI’s offered by banks and NBFC’s other than Reliance

Loan Amount	Loan Tenure
Loan Amount (Rs.)	10 years	15 years	25 years
2,500,000	₹ 31,197	₹ 24,839	20,384
5,000,000	₹ 62,395	₹ 49,678	40,768
7,500,000	₹ 93,592	₹ 74,516	61,152
10,000,000	₹ 1.25 Lakh	₹ 99,355	81,536

Why should you apply for Reliance Business Loan at Dialabank?

Dialabank is India’s first online banking helpline service. We work as a bridge between you and the bank of your choice by guiding you through and minimizing the labyrinth of complex paperwork and application process. We pride ourselves on our ability to scan through thousands of offers and Customize them as per your requirements.

Dialabank has been approved by its own customers and other authorized bodies and this is why it is placed at the top of its competitor’s leaderboard. Know more about Dialabank by visiting us online or by calling on 9878981166.

How to calculate EMI for Reliance Business Loan?

Table Showing EMI, Interest Outgo, and Total Repayment Amount

You can also calculate the specific loan amount EMIs on Dialabank’s EMI Calculator.

Benefits of Reliance Business Loan

Reliance offers Business loans to businessmen and self-employed individuals with the objective of financing the expansion or working capital requirements of their business. There are many benefits of availing loan from Reliance:

• Dropline Overdraft to save interest.
• High loan amount.
• No collateral or guarantor is required.
• The balance transfer option is available.
• Flexible tenure and easy process.
• Fast Approvals and disbursals.
• Low and flexible interest rates.
• Simple and minimum paperwork required.

Reliance Business Loan Processing Time

For loan applications for Commercial Banking customers, the Bank will take 30 working days to communicate the decision, once all the information required by the Bank is appropriately submitted by the customer.

Reliance Business Loan Pre-closure

Reliance Business Loan’s Pre-closure charges vary between 2% to 2.5% of the disbursed limit.

Pre Calculated EMI Table for Reliance Business Loan

The Loan EMI in Reliance depends upon the occupation (businessmen, self-employed, salaried), loan amount, loan tenure, and interest rate.

How to Apply for Reliance Business Loan Online?

1. Visit Dialabank.
2. Go to the loan section and click on the Business Loan link.
3. Check the eligibility criteria for the Business loan offered by Reliance and fill a user-friendly online application form for Business Loan.
4. One of our relationship managers will soon get in touch with you for further process
5. For more information and free guidance, you may call on 9878981166.

Reliance Business Loan Status

You can find the loan status by Calling at 9878981166 or by visiting the main Reliance Site.

Dialabank Reliance Business Loan Customer Care Number

To find the solution to your queries regarding a business loan, give a call at 9878981166

Dialabank helps you to find the best option for Banks and NBFCs by providing you with a detailed market comparison of different banks so that you can make the right choice.

Reliance Business Loan FAQs

✅ Is a guarantor required for the Reliance Business Loan?

No form of security or guarantors is required while applying for Reliance Business Loan.

✅ How do I repay my Reliance Business Loan?

It is repaid through Equated Monthly Installments (EMIs); it can either be through standing instructions or a post-dated cheque.

✅ What are the minimum and maximum tenure of Reliance Business Loan?

These loans are shorter tenure loans. You can repay your loan in a flexible period of a minimum of 12 months to a maximum depending on the type of loan.

✅ How much business loan amount can I borrow from Reliance?

Reliance offers you a loan if you need a minimum amount of ₹ 50,000 to a maximum amount of ₹ 75 Lakh.