Bank
Reliance Capital Limited

Reliance Group is among India's top private sector business houses serving over 250 million customers across telecommunications, power, financial services, infrastructure, media and entertainment, and healthcare sectors

About Home Loan

Owning a home is a crucial step towards attaining self-reliance. For years, you’ve dreamt of your dream home. With us, this dream will finally come true. However to realise this dream, you need a home loan that suits your terms. And given your unique requirements, it can be difficult to arrange for finances. But you have every right to make your dream of a home come true. And that’s why we at Reliance Home Finance have made it a mission to partner you in building the very foundation of your self-reliance, your home.

Eligibility Criteria

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

Documents Required

Individual

  • Application form
  • KYC Documents : Passport copy / PAN 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 Proprietry/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
  • 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

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money

About Loan Against Property

We at Reliance Commercial Finance help you unlock the true potential of your property and help you meet your financial needs. Whatever may be your business requirement; we understand it and then customise our solutions to fulfill them with our Loans Against Property

Eligibility Criteria

Criteria

Salaried

Self-Employed

Self-Employed Non-Professionals

Type of Customers Funded

Salaried includes individuals employed in Multinational Organizations, listed Public Ltd. Co., Government Organization, Pvt. Ltd. Co., Closely held Unlisted Company, Partnerships or Sole Proprietorship

Individuals with professional qualifications like Practicing Doctors, Chartered Accountants, Engineers, Architect, Company secretaries

Businessmen engaged in various business like Dealers, Wholesalers, Distributors, Traders across Service, Trading & Manufacturing

Minimum Age at Entry

21 years

21 years

21 years

Maximum Age at Loan Maturity

58/60 years depending upon retirement age

65 years

65 years

Minimum Gross Income

Rs. 500,000

Rs. 500,000

Rs. 500,000

Type of property Funded

Ready & Resale Properties, Under construction properties of pre-approved builders

Ready & Resale Properties, Under construction properties of pre-approved builders

Ready & Resale Properties, Under construction properties of pre-approved builders

Minimum property Area for the Loan

Residential Property - 500 Sq.ft Commercial Property 250 Sq.ft

Residential Property - 500 Sq.ft Commercial Property 250 Sq.ft

Residential Property - 500 Sq.ft Commercial Property 250 Sq.ft

Documents Required

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
  • Copy of Lease deed(For LRD)
  • 6 months bank statement of main operating account
  • Professional qualification certificate in case of Doctors
  • Proforma invoice of the equipment to be purchased.

Sole Proprietary/Partnership/Pvt Ltd Company

  • Application form.
  • Passport copy / PAN Card / Ration card
  • Office Address Proof
  • Passport sized photographs of all applicants / co-applicants
  • Certified copies of MOA / AOA /Partnership deed
  • Repayment track record, if any
  • 2 years audited financials
  • 2 yrs ITR of directors/partners
  • Professional qualification certificate in case of Doctors/CA/Lawyers/Architects
  • 6 months bank statement of main operating account
  • Copy of Lease deed (For LRD)

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money