Reliance Car Loan

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Reliance Car Loan Key Features

Interest Rate 7.35% per annum
Min Loan Amount ₹ 50,000
Max Loan Amount
(Loan to Value)
Loan up to 95% of car value
Loan Tenure 1 year to 7 years
Lowest EMI / Lac NA
Minimum Net Monthly Income ₹ 20,000
Minimum ITR for Self Employed ₹ 300,000
Age Criteria Salaried: 21 years to 60 years
Self Employed: 21 years to 65 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs).
Processing Fee Up to 1.25%
Foreclosure Charges Within 12 months from disbursement – 5% +GST,
After 12 months from the date of disbursement – 3% + GST.
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation

About Reliance Car Loan

Reliance works on major financial segments like corporate banking, insurance, finance, secured loans, etc.

Reliance provides Car Loans at reasonable rates of interest to the consumer for purchasing their dream car either new or second hand. This loan is an easily available loan which can be got a good credit/CIBIL score.

Advantages of Reliance Car Loan

Reliance Car Loan

Reliance Car Loan Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be minimum ₹ 20,000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-65 years of age
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

Reliance Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate 7.35% 16%
Processing fee 1.25% of the loan amount or Rs.5,175, whichever is lower 1.25% of the loan amount or Rs.5,175, whichever is lower
Issuance of Duplicate Repayment Schedule Charges Rs.500 per instance Rs.500 per instance
Foreclosure Charges Within 12 months from disbursement – 5% +GST,
After 12 months from the date of disbursement – 3% + GST
Within 12 months from disbursement – 5% +GST,
After 12 months from the date of disbursement – 3% + GST
Penal Interest 2% per annum 2% per annum
Part Payment charges 5% of the paid amount 5% of the paid amount
Cheque/Instrument Swap Charge Rs.650 per instance Rs.650 per instance
Documentation Charge NA NA
Issuance of Duplicate No Dues Certificate Charges Rs.500 per instance Rs.500 per instance
Registration Certification Collection Charge Rs.200 per instance Rs.200 per instance
Cheque Bounce/Instrument Return Charges Rs.600 per instance Rs.600 per instance
Issuance of Duplicate Statement Charges NA NA
Loan Cancellation/Re-booking Charges Rs.2,000 per instance Rs.2,000 per instance
Issuance of Credit Report NA NA


Salaried Individual

Category Documents Required
Identity Proof

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof

(Any 1)

Birth Certificate
Passport
Driving Licence
PAN
Signature Proof

(Any 1)

Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Work Experience Certificate
ITR of Form 16
Salary Slip with Joining Date
Appointment Letter
Letter of Relieving

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Business Proof Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents Authority Letter/PAN cards

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest MOA
Copy of Incorporation
Copy of Latest AOA
Address Proof (Any 1)
Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents
List of Directors and Shareholding Partners
PAN Card
Board Resolution
Certificate of Commencement of Business for Ltd. Co.

Reliance Car Loan EMI Calculator

An applier has the option to know the EMI’s before getting a Car Loan. So, you can easily check with the link below:

Car Loan EMI Calculator

Reliance Car Loan Types

Reliance offers different types of car loans to its customers. An applier has an option of opting the offer which suits your need. It provides the following types of Car Loans:

  1. New Car Loan –  If you wish to purchase a new car, this is the scheme for you. You can take a Car Loan from Reliance for a minimum of Rs. 50,000 and a minimum tenure of 7 years.
  2. Used Car Loan – If you want to purchase a used car, you can choose this proposal which offers a minimum loan of Rs. 50,000 and a minimum tenure of 5 years.
  3. Loan Against Car – You can choose this scheme if you want urgent funds where you can keep your cars as an assurance with the bank.

Reliance Car Loan Pre Calculated EMI

How to Apply for Reliance Car Loan?

  1. Visit Dialabank and fill a form.                reliance car loan
  2. Our Relationship Manager will call you and guide you throughout the process.
  3. You can compare various offers from banks and opt for the one which suits your needs.
  4. So, easily apply for a Car Loan through Dialabank and enjoy best offers.

Reliance Car Loan for Top Selling Cars

Other Available Products from Reliance

Reliance Personal Loan Reliance Gold Loan Reliance Home Loan
Reliance Credit Card Reliance Two Wheeler Loan Reliance Education Loan

FAQs for Reliance Car Loan

✅ What is Reliance Car Loan?

Reliance Car Loan is a car loan offered to you for purchasing a car either new or used.

✅ How can I get Car Loan from Reliance?

You can get a car loan from Reliance by visiting the nearest branch of Reliance. You will get satisfaction to apply from anywhere.

✅How does Reliance Car Loan work?

Reliance offers car loan at affordable interest rates. You can avail a car loan easily and quickly. Reliance provides flexible loan tenure duration.

✅What is the Car Loan Interest Rate in Reliance?

The interest rate in Reliance for a car loan starts at 7.35%.

✅How to check Car Loan status in Reliance?

You must visit the Reliance branch to examine your car loan status. Also, you can use the net banking services provided by Reliance.

✅How to calculate Car Loan interest in Reliance?

For the calculation of your car loan interest in Reliance, the following information is required:

  • Loan amount
  • Interest Rate
  • Loan tenure

You can calculate interest as well as EMI through EMI calculator available at Dialabank’s website.

✅What is the maximum loan amount I can avail on Car Loan from Reliance?

The maximum loan amount for a car loan from Reliance provides up to 95% funding of your car price.

✅What is the loan tenure of Reliance Car Loan?

The loan tenure period of Reliance for a car loan ranges between 1 to 7 years.

✅Can I get 100% Car Loan from Reliance?

You can get loan up to 95% funding of car price from Reliance. To avail a 100% Car loan, you must visit the online platform of Dialabank.

✅How much processing fee is applicable on Reliance Car Loan?

The processing fee is up to 1.25% or maximum Rs. 5,175 for getting a car loan from Reliance.

✅What are the EMI options available on Reliance Car Loan?

The EMI options available on Reliance Car Loan are Step-up EMI and Balloon EMI.

✅What are the charges for Prepayment in Reliance Car Loan?

Reliance prepayment charges up to 5% +GST Within 12 months from the disbursement and 3% + GST After 12 months from the date of disbursement.

✅Can I get a top-up loan on my existing Reliance Car Loan?

Yes, you can get a top-up loan on your existing Reliance car loan. Also, get a top-up car loan by visiting the online platform of Dialabank.

✅Do I need to provide a guarantor to avail a car loan from Reliance?

No, there is no need for a guarantor for getting a car loan from Reliance.

✅How to get the Reliance Car Loan Statement?

For getting a car loan statement of Reliance, you can use Reliance’s mobile banking app. Also, you can visit the nearby Reliance branch.

✅How to pay Reliance Car Loan interest online?

You can pay your car loan interest through the net -banking services of Reliance. If you want a low-interest car loan, you must visit Dialabank online.

✅What if I can’t pay the interest on Reliance Car Loan for 3 months?

If you can’t pay the interest on Reliance Car Loan for 3 months, then it will be added to the outstanding loan amount and repayment charges will redraft.

✅How can I apply for EMI Moratorium on Reliance Car Loan?

You can apply for EMI Moratorium on Reliance through visiting the nearby branch of Reliance or you can submit a request through an email. Also, if you want relief for the balance duration, you must apply through Dialabank.

✅What is the number for Reliance Car Loan agent?

The number of Reliance Car Loan agent is 022-39484900.

✅Can I close Reliance car loan online?

You can close your car loan from Reliance by using the net-banking page of Reliance. You have to log in with your details on the net -banking page and pay your car loan.

✅What is Reliance Car Loan Customer Care Number?

The customer care number of Reliance Car Loan queries is 044-30787400.

✅How can I get NOC from Reliance for a car loan?

You can get a car loan NOC from Reliance when you paid your car loan amount.

Table of Contents

Menu