Reliance Car Loan | Reliance Car Loan Interest Rate | Complete Details - BankBazaar
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Reliance Car Loan

Reliance car loans are available to salaried and self-employed applicants. Door-step service is offered for Reliance car loan applicants, which makes the loan application process hassle-free.

Features & benefits of Reliance Car Loan

  1. Considers the ‘on-road value’ of the vehicle for funding, which means car loan also covers insurance and road tax
  2. Tenure upto 7 years
  3. Loans for both new and used cars
  4. Option to avail of security on an already-owned vehicle
  5. Balance transfer facility to transfer the car loan from other banks/financial institution
Details of Reliance Car Loan. Use our calculator to compare offers from multiple banks
Interest Rate (Monthly reducing balance) 10.5% fixed to 12% fixed
Processing Fees 0.75% of loan amount, capped at Rs 10,000. Plus service tax
Loan Tenure 1 year to 7 years
Pre-closure Charges 5% of pre-closed amount for first year, and 3% thereafter
Loan Amount Up to 90% of ex-showroom price of car
Guarantor Requirement No guarantor required
Documents
  • Proof of Identity and Age : Passport or voter's card or driving licence or PAN card and photo
  • Address Proof : Ration card or passport or driving license or latest electricity bill or latest telephone bill or latest credit card bill bank statements
  • Property Ownership : Electricity Bill
  • Signature verification proof : Passport or driving licence or PAN card

Recently made loan offers
Rs.7.25 lakhs for Rs.15,763 EMI
9.50%  Rate 36 Tenure

Total Interest PayableRs. 220,795

Total Tax + FeesRs. 18,125

Total Interest + FeesRs. 238,920

Submitted 10 minutes ago
Rs.6.70 lakhs for Rs.17,154 EMI
9.50%  Rate 48 Tenure

Total Interest PayableRs. 153,405

Total Tax + FeesRs. 16,750

Total Interest + FeesRs. 170,155

Submitted 55 minutes ago
Rs.5.15 lakhs for Rs.11,197 EMI
9.50%  Rate 48 Tenure

Total Interest PayableRs. 156,841

Total Tax + FeesRs. 12,875

Total Interest + FeesRs. 169,716

Submitted 56 minutes ago
 
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