Reliance Commercial Property Purchase Loan

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About Reliance Commercial Property Purchase Loan

Reliance Commercial Property Purchase LoanWhen any idea regarding the expansion of the business arises, you will need to make most out of it. Reliance Commercial Property Loan is here to make your dream come true.  With the help of these loans, flexible repayment options and SIP, you will never feel shortage of funds when you need most out of it.

All of the self-employed and salaried people are eligible for availing these loans.

   

Features:

  • Maximum loan amount available for the purchase of the property.
  • High loan eligibility.
  • Cater to the needs of self-employed and salaried people.
  • Flexibility of loan usage.
  • Flexible loan tenures.
  • Easy repayment options with the help of EMI’s.
  • No income Document program.   

Reliance Commercial Property Purchase Loan: Interest Rates and Charges

  • Home Loan Interest Rate ranges from 12.25% – 12.5% p.a.
  • Loan Processing Charges: 1.5% of the Loan amount+ Service Tax.
  • Late payment Charges: 3% per month on the unpaid amount.

Reliance Commercial Property Purchase Loans: Eligibility

Parameter

Salaried Employee

Self Employed person

Self Employed Professionals

Types of Customer

Working in MNC’s, PVT Ltd, Co

Doctors, Accountant, Engineers

Wholesalers, Distributors,

Minimum Age

21 years

21 years

21 years

Maximum Age

58 / 60 Years

65 years

65 years

Gross Income

Rs 2 lakhs

2 lakhs

2 lakhs

Loan Amount

Rs 5 lakhs

Rs 5 lakhs

Rs 5 lakhs

Property

Ready, reuse property, under-construction property

Ready, reuse property, under-construction property

Ready, reuse property, under-construction property

Documents Required from an Individual:

  • Application form.
  • Passport / Pan Card Copy.
  • Latest 6-month bank statements.
  • Form 16 and 3-month salary slips.
  • Repayment Track record.

Documents Required for Sole Proprietor / Pvt Ltd Company:

  • Application Form.
  • Certified copies of MOA / AOA.
  • Passport size photographs.
  • Last 2-years audited financials.
  • Last 2-years ITR of partners.
  • Last 6-months bank statements.

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