Personal Loan
Life is full of uncertainties. You never know when you might end up needing funds immediately for Personal, Business, Education, Family Weddings, Travel, Home renovation, or many more needs. At such critical points in life, a Personal Loan enables you be self-reliant and take charge of the conditions.
We, at Reliance Spectra India, offer instant personal loans to both salaried and self-employed professionals. Our collateral-free personal loans with a simple documentation process, quick disbursal, and competitive interest rates, help you to meet your demand for urgent funds.
Now you know. The next time you need funds immediately, take a Personal Loan and get it done!
Features
- No income proof required.
- Convenient loan repayment option of 6 to 60 months.
- Simplified and quick documentation
- Attractive interest rate of 8.5%.
- Hassle-free loan sanction and disbursal procedure
Documentation
- Identity Proof – Any one (e.g. Voter ID / Driving License / Passport/Aadhar Card).
- Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill /
Electricity Bill/Credit Card Bill). - Passport Size Photograph.
- Any other valid Photo ID card issued by central or state government.
- Bank Statement.
- Salary Slip(If Available).
- Office ID(If Available)
Frequently Asked Questions
Who can avail Personal loan from Reliance Spectra India?
Salaried Individuals, Self Employed Professionals, & Self Employed Businessmen
What are the lending rates?
The best possible rate for personal loan at 8.5%per annum, as per the eligibility of the individual.
What are the loan tenure options?
12-60 months
Which Personal Loans can be financed?
Travel, Marriage, Renovation, Education, work expansion and other personal uses.
How is the interest charged/calculated?
Interest is calculated on a monthly reducing balance basis.
What is a Monthly Reducing Balance?
In the case of the monthly reducing balance method, the principal gets reduced at the end of every month and the interest is calculated on the outstanding principal at the end of the month.
Do I have to pay any additional charges?
Please refer Fees & Charges Schedule
Fees & Charges
| Particulars | Fees & Charges |
| Cheque Bounce Charges | Rs 250/- |
| Cheque Swapping Charges | Rs 300 |
| Overdue Interest | Rs 300 |
| EMI Cycle Date Change | NA |
| Reschedulement Charges | NA |
| Duplicate NOC | NA |
| Outstation Cheque Charges | Rs. 45 per cheque |
| Cheque revalidation charges | Rs. 100 |
| Loan Statement charges ( per statement) | NIL |
| Foreclosure Charges | Regular Customers prepayment allowed from disbursement date. i) Before 6 months:5% of Principal Outstanding+GST ii) After 6 Months :2% of Principal Outstanding+GST |
| Loan cancellation charges | Rs.1650 |
| Loan reschedulement charges EMI Cycle Date Change | NA |
| SPDC retrieval Charges for swap, matured, preclosure and customer induced cancellations | i) Rs.100/- at the time of Preclosure/Swap/Matured/Customer Induced cancellations. ii) Rs.150/- upto sixty days from the day of Preclosure/Swap/Matured/Customer Induced cancellations. |
| Changing Fixed Rate to Floating & Vice versa | NA |
| Non Refundable Fee | NA |
| Conversion charges | NA |
| Copies of Loan Documents/ Agreement/Retrieval of Share Certificate | NA |
| Charges on Part Disbursement | NA |
| Foreclosure statement charges | NA |
and is subject to change as per relevant regulations of the Government of India.
Terms and conditions apply.
