| Particulars
|
Commercial Vehicle Loans
|
| Processing Fees
|
Upto 0.5% of the loan value
|
| Cheque Bounce Charges
|
Rs.450
|
| Late Payment Charges
|
2% per month
|
| Cheque Swapping charges
|
Rs.1000
|
| Prepayment Charges
|
5% within 12 months from date of disbursement and 3% after 12 months from date of disbursement
|
| Loan cancellation and rebooking charges
|
Rs:2000/-
|
| Stamp duty
|
At actuals
|
| Loan reschedulement charges
|
2% on POS
|
| NOC Issuance charges
|
First "Nil", Duplicate Rs.500
|
| Legal / Collection/ Repossession and Incidental charges
|
at Actuals
|
| Outstation Cheque Charges
|
Rs. 45 per cheque
|
| Cash Handling charges | 1%+S.Tax for cash receipts of Rs 5Lacs and above |
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”.
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