Reliance car loans are offered to self-employed applicants and salaried. approach service is accessible for Reliance car loan applicants, which makes the loan application process comfortable.
Features & profit of Reliance Car Loan
- Considers the on-road value of the vehicle for financial support, which means car loan also covers road tax & insurance
- Tenure upto 7 years
- Loans are provide for both new and used cars
- Option to benefit of safety on an already-owned vehicle
- Balance transfer service to transfer the car loan from other banks/financial institution
Details of Reliance Car Loan.Use our calculator to compare offers from multiple banks
Interest Rate (Monthly reducing balance) 10.5% fixed to 12% fixed
Processing Fees 0.75% of loan amount, capped at Rs 10,000. - Plus service tax
Loan Tenure 1 year to 7 years
Pre-closure Charges 5% of pre-closed amount for first year, and 3% ` ` thereafter
Loan Amount Up to 90% of ex-showroom price of car
Guarantor Requirement No guarantor required
Documents
· Proof of Identity : voter's card or driving licence or PAN card and photograph or Passport
· Proof of Residence : driving license or latest electricity or bill Ration card or passport or most recent credit card bill bank statements or most recent telephone bill
· Signature verification proof : driving licence or PAN card or Passport
- Property Ownership : Electricity Bill
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