Reliance Consumer Finance appreciates the value of your time, which is why we have made it possible to apply online for our home loans and we can provide doorstep services. We have also introduced Surrogate Income Program to meet all your needs.

Reliance Consumer Finance ensures quick approvals, simple documentation and service of the highest quality to make sure that taking a home purchasing loan is as pleasant as moving into your new home.

Features:

• You can get Maximum loan amount for purchase of your dream home
• Higher loan eligibility
• They cater to all your needs whether you are salaried or Self Employed
• Enjoy the flexibility of choosing your loan tenor
• Easy repayment option by way of simple EMIs
• Special 'No income document' program

Eligibility:

• Minimum Age: - 21 yrs
• Business / Service Continuity
• Residency Stability
• Minimum Gross Annual Income of Rs 200,000
• Salaried / Self employed professional and Self employed non professional

Documentation :-

Individual

• Application form
• Passport copy / PAN Card / Ration card
• Passport sized photographs of all applicants / co-applicants
• Latest Form 16 and 3 months salary statement
• Latest 6 month bank statement
• Repayment track record, if any

Sole Proprietor/Partnership/Pvt Ltd company:

• Application form
• Passport copy / PAN Card / Ration card
• Passport sized photographs of all applicants / co-applicants
• Certified copies of MOA / AOA /Partnership deed
• Repayment track record
• 2 years audited financials
• 2 yrs ITR of directors/partners
• 6 months bank statement of main operating account
• Professional qualification certificate in case of Doctors / CA / Lawyers / Architects

Fees and Charges
Loan Processing Charges	1% of loan amount + Service Tax.
Non Refundable processing fees (included in processing fees)	Non refundable processing fees Loan Amount Charges upto Rs 25 lacs - Rs 2000 + Service tax >Rs 25 lacs - Rs 3000 + Service tax >Rs 50 lacs - Rs 5500 + Service tax
Cheque Bounce charges	Rs. 450
Late Payment charges	3% pm on unpaid amount
Cheque Swapping charges	Rs. 500 per swap
Prepayment charges	5 % within 12 months of disbursement, 2% thereafter (on the outstanding principle)
Loan cancellation and rebooking charges	Rs. 2000
Loan reschedule charges	Rs.500/-
Loan statement charges (per statement)	Nil for 1 every half yearly, Rs. 500 thereafter.
NOC issuance charges	First - 'Nil', Rs. 500 thereafter
Document Retrieval Charges	Rs. 500 per request
Stamp duty and Registration charges + Service tax	Actuals
Stamp Duty Charges( Pertaining to Loan Document)	Actuals + Service Tax
Legal / repossession and incidental charges	Actuals
Changing floating rate to fixed rate (if offered)	0.5% on the outstanding loan amount
Asset Verification Charges	Actuals
Technical Valuation Charges	As per Actuals
Legal search charges	As per Actuals
Insurance Premium	Actuals
Advance EMI	Actuals
***EMI cycle date change charges	Rs. 500/-

***These charges would be in addition to swap charges (for PDC cases only). For ECS, no swap charges would be applicable. Further, customer will also have to pay the broken period interest for the differential period.

Service Tax, as notified by the Government of India, is applicable on all fees, interest and other charges and is subject to change as per relevant regulations of the Government of India

Terms and conditions apply.

All loans are disbursed at the sole discretion of Reliance Capital Limited. All information herein is subject to change without notice. Under no circumstances cash, bearer or blank cheque or kind should be given to any executive in connection with the Loan application. Kindly note that all Post dated cheques and Transaction charge cheques should be crossed and issued in favour of “Reliance Capital Limited”.

FAQ on Home Loans:

Who can avail of Home Loans from Reliance Consumer Finance?

Salaried individuals in the age group of 21 to 58 or 60 years depending upon retirement age

Self-employed individuals in the age group of 21 to 65 years (at the end of the loan tenure)

Partnership Firms & Private Ltd. Companies

Which Products can be Financed ?

Residential Property Purchase

Balance Transfer cum Top Up

Existing Customer Top Up

How much finance can I avail of?
You can borrow up to 90% of the registered property value towards purchase of your dream home

What are the tenure options?
Home loans range from a minimum of 3 years upto a maximum of 20 years

How long will it take to process the loan?
Loans are processed within 2 working days of completing the documentation.

Do I need a guarantor?

All property owners to be co-borrowers

For sole property owner or applicant -one adult family member to be co-applicant

Partners and Promoter Directors will be taken as co-applicant in case of Partnership and Pvt ltd co. respectively

Do I have the option of pre-paying the entire loan amount?
Yes. One can pre-pay the loan at any time after 6 months of date of first disbursement of the loan. Foreclosure applicable.

Can I make part pre-payment?
You can make part pre-payments of a minimum amount of Rs 50,000 after 6 months from the date of first disbursement of the loan. This payment can be made only once in a financial year subject to a maximum of 25% of the balance outstanding against your loan amount at the time of request.

How do I repay the loan?

Electronic Clearing System (ECS) OR

Post dated cheques (PDCs)

What are the stages involved in availing a loan?
The stages involved are:

Application

Processing

Documentation

Sanctioning of the loan

Disbursement