Transparent loan information
Rates, repayment and applicable charges
Review the following indicative terms before applying. Your partner lender will provide the final Key Fact Statement and loan agreement before acceptance.
Representative loan example
- Loan amount
- ₹5,00,000
- Repayment period
- 36 months
- Interest rate (APR)
- 15% per annum
- Processing fee
- ₹4,999 + applicable GST
- Monthly EMI
- ₹17,333 (approx.)
- Total interest payable
- ₹1,23,988 (approx.)
- Total amount payable
- ₹6,23,988 (approx.)
This example is illustrative only. Actual loan amount, interest rate, tenure, EMI, fees and total repayment may vary depending on the applicant's eligibility and the partner lender's assessment.
Interest and processing fee
Interest rates offered by partner banks and NBFCs range from 10.99% to 36% per annum, subject to the applicant’s credit profile, income, repayment capacity and lender approval.
Processing fee: Up to 2% of the sanctioned loan amount + applicable GST. The applicable fee will be communicated by the respective partner lender before loan disbursement.
Other applicable charges
- Foreclosure charges
- Up to 5% of the outstanding principal + applicable GST
- Late payment charges
- Up to 2% per month on the overdue EMI amount
- Cheque/ECS/NACH bounce charges
- ₹500 per instance + applicable GST
All applicable charges are determined by the respective partner lender and will be disclosed before loan acceptance.
Loan facilitation disclaimer
Reliance Fin is a loan facilitation platform and does not directly provide loans. All loan applications are processed through our partner banks and NBFCs. Loan approval, loan amount, interest rate, repayment tenure and disbursement are solely at the discretion of the respective partner lender based on the applicant's eligibility and internal credit assessment.