Welcome Guest | My Loan | Benchmark PLR
Reliance Commercial Finance

Reliance Commercial Finance
Service - 1800 200 3838 (toll free)     
Sales - 1800 210 3030(toll free)     
sms LOAN to 561616
    SME Loans
    Healthcare Finance
    Home Loans
    Loans Against Property
    Commercial Property Loans
    Commercial Vehicle Loans
    Construction Equipment Loans
    Infrastructure Finance
     Leasing Solutions
    Car Loans
    Reliance Property
You are on : Home /Loans Against Property page

Loans Against Property

Overview | Features | Eligibility | Documentation | Fees & Charges | FAQs | Brochure | Agreement

FAQs on Loan Against Property

Who can avail of Loans Against Property from Reliance Commercial Finance?
Salaried individuals in the age group of 21 to 58/60 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 and Private Ltd.Companies

Which Products can be Financed?
Loan against Property-Residential&Commercial
Lease Rent Discounting
Balance Transfer cum Top Up
Existing Customer Top Up

How much finance can I avail of?
Loans against your existing property are provided upto 60%of the property value

What are the tenure options?
Loans against Property range from a minimum of 3 years upto a maximum of 15 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/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 from the date of final disbursement of the loan.Foreclosure charges 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 loan date.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:
Sanctioning of the loan

Reliance Capital | Reliance Home Finance | Reliance Life Insurance | Reliance General Insurance | Reliance Wealth Management
Reliance Securities | Reliance Mutual Fund | Reliance Spot Exchange | Reliance Property Solutions | Reliance Commodities
Home Page | Site Map | Disclaimer | Privacy Policy   All the Works contains in the website are owned by Reliance Capital Ltd under The Laws of Copyright. Copyright © 2014 (since 2007)
    * sms charges as applicable