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Shriram Finance Limited
Loan Amount
1L
Max Tenure
18 Months.
Best Rate
28% p.a
Processing Fee
2000₹
Features
- Quick loan processing.
- Minimal documentation.
- Min Eligiblity Criteria.
Pricing
- Interest rate - 20% to 30% P.A.
- Processing fee - From 2.5%.
Documents Required
- ID Proof.
- Address Proof.
- Salary slip and appoinment Letter (for amber Customers).
- Income proof (3 Months BS ).
We are an authorized sourcing partner for Shriram Finance Limited Personal Loan.
Shriram Finance Limited
Loan Amount
50K
Max Tenure
12 Months.
Best Rate
35.1% p.a
Processing Fee
2.5%
Features
- Minimal Documentation.
- Quick loan processing.
- NTC also allowed for 50 k.
Pricing
- Interest rate - 35% to 37% P.A
- Processing fee - From 2.5%
Documents Required
- ID Proof.
- Address Proof.
We are an authorized sourcing partner for Shriram Finance Limited Personal Loan.
Shriram Finance has been a pioneer in new-age financial management and products that have uplifted scores of Indian entrepreneurs. From personal finance to auto finance, from FDs to insurance, Shriram Finance have made a mark in the financial management of the Indian middle-class families.
Shriram Finance Personal Loans is an important product in their loan portfolio. Whether it is a family vacation or your dream wedding planning, personal loans from Shriram Finance provide you with the much-needed funds quickly and conveniently. Their hassle-free online application process enables applicants to avail the funds at the right time.
Shriram Finance Personal Loan Details
Personal Loan Amount | Up to Rs.10 lakhs |
Interest Rate | Core Products – 11% – 42% p.a. |
| Digital Market – 11% – 36% p.a. |
Repayment tenure | 12 – 60 months |
Application Processing Time | Within 72 hours |
Collateral/Security | NIL |
Applicant Age Eligibility | 21 – 60 years |
Processing Fees | Up to 5% |
Foreclosure Charges | Up to 4% of outstanding amount |
Key Features of Shriram Finance Personal Loan
1. High Loan Amounts – Apply online for personal loan from Shriram Finance and get up to Rs.10 lakhs personal loan to take care of your personal needs.
2. Best Interest Rate in the market – Shriram Finance Personal Loans come with an interest rate starting at just 11% p.a. which is one of the best in the current market.
3. Convenient Repayments – Borrowers can repay their personal loan in easy EMIs of 12-60 months. They can also foreclose the loan earlier with a nominal foreclosure charge of just 4%.
4. No Collateral or Security needed – Shriram Finance personal loans are unsecured loans which require no collateral or security. Allows a larger segment of customers to avail the loan for emergency personal needs.
5. Quick Disbursal – The loan is processed and disbursed within 72 hours, putting the much-needed funds in your hands quickly.
6. Fully Digital Application Process – The application process for Shriram Finance Personal Finance is completely online. You can apply online through the Shriram Finance website or through their mobile app. Enjoy seamless application process with minimal documentation and get your funds credited to your account at the earliest.
Shriram Finance Personal Loans Comparison Other Lenders
| Lender | Loan Amount | Interest Rate | Repayment Tenure | Processing Fee |
|---|---|---|---|---|
Shriram Personal Loan | Up to Rs.10 lakhs | 11% – 42% p.a. | 12 – 60 months | Up to 5% |
HDFC Bank Personal Loan | Up to Rs.40 lakhs | 10.85% - 24.00% p.a. | 03 – 72 months | Up to Rs.6,500 + GST |
SBI Personal Loans | Up to Rs.30 lakhs | 11.45% - 14.85% p.a. | Up to 72 months | NIL |
ICICI Bank Personal Loans | Up to Rs.50 lakhs | Starting at 10.85% p.a. | 12 – 72 months | Up to 2% |
Axis Bank Personal Loans | Up to Rs.40 lakhs | Starting at 11.25% p.a. | 12 – 84 months | Up to 2% |
Kotak Mahindra Personal Loans | Up to Rs.40 lakhs | Starting at 10.99% p.a. | Up to 72 months | Up to 5% |
Types of Shriram Finance Personal Loans
Personal loans are unsecured loans that don’t have any end usage restriction. They can be used for any purpose like travel, wedding, home renovations, medical emergencies etc. Some types of personal loans offered by Shriram Finance are as follows:
Wedding Loan:
Go all out on your wedding plans with personal loan from Shriram Finance. This loan covers expenditures like wedding ceremony, food, reception expenses, photography, makeup and attire, and other wedding expenses.
Travel loan:
Your dream vacation can now turn into reality with Shriram Fiance Personal Loans. Cover expenses like airfare, lodging, tours, and other related expenses.
Medical Emergency Loan:
Unexpected medial emergency? Apply quickly for a Shriram Finance Personal loan online and get funds to cover the cost of surgeries, medical treatments, hospital stays, and other expenses pertaining to medical care that may not be covered by insurance.
Consumer Durable Loan:
Get a Shriram Finance personal loan to equip your house with consumer utilities like refrigerators, washing machines, AC, furniture, modular kitchen, and more.
Personal Loan for Women:
Are you a woman entrepreneur looking to kickstart your first enterprise? Shriram Finance personal loans can help you with working capital, daily expenses, raw material purchase, shop rent and more.
Home Renovation Loan:
Shriram Finance provides personal loans specifically designed for home improvement and renovation purposes. These loans help you upgrade your living space by financing expenses like painting, plumbing, remodeling, or purchasing new furniture. The loans come with flexible repayment tenures and competitive interest rates to suit your budget.
Personal Loan for Students:
For students aspiring to achieve academic excellence, Shriram Finance offers personal loans to cover educational expenses. Whether it’s for tuition fees, buying study materials, or attending skill development courses, this loan ensures that financial constraints don’t hinder your academic growth.
Personal Loan for Your Child's Future:
Planning for your child’s future can be expensive, especially when it involves education, marriage, or other significant milestones. Shriram Finance's personal loans for your child’s future provide the necessary financial support to secure their dreams. These loans are structured to ease the financial burden with flexible EMI options.
Festival Loan
Celebrate the festive season with joy and without financial worries through Shriram Finance’s Festival Loan. This loan is designed to help you manage expenses like gifting, shopping, travel, and home decorations during festivals. Quick disbursal and attractive interest rates make it an ideal choice for fulfilling your festive needs.
Shriram Finance Personal Loan Interest Rates
While most lenders in the market at offering personal loan interest rates of 12% and above, Shriram Finance personal loan interest rates are quite low, starting at just 11% p.a. The interest rate ranges between 11% - 42% p.a.The interest rate is a fixed rate so your EMI remains the same throughout the tenure of the loan. However, part payments can significantly reduce your EMI amount and interest component.
How to Apply for Syndicate Bank Personal Loan
Shriram Finance Personal Loan Eligibility
Shriram Finance personal loans are available to all resident Indians in the age group of 21 – 60 years. Let’s see detailed eligibility criteria in the below table –
Age Criteria | 21 – 60 years |
Applicant Citizenship | Resident Indians |
Occupation | Salaried |
Shriram Finance Personal Loans Apply Online – Documents Required
While the documents required to apply for a Shriram Finance personal loan may vary from case to case, here is a list of the basic documents all applicants will need to submit –
Identity Proof Documents | - Passport - Driving License - Voter ID card - PAN card |
Address Proof Documents | - Passport - Driving License - Gas bill (along with a photocopy of the gas book) |
Other Documents | - Income proof documents for the last 3 months - Bank statement for the last six months - One canceled cheque and ACH form for Electronic Clearing Mandate (eNACH) - Recent passport size color photographs |
Shriram Finance Personal Loan - Other Fees and Charges
Apart from processing fees, Shriram Finance Personal Loan may carry other fees and charges relating to the loan –
Delayed Payment Interest (DPI) | 36% per annum on unpaid amounts without capitalization or compounding |
Cheque bounce charges | Up to Rs.1000 |
Cheque and NACH Swap charges | Up to Rs.500 |
Legal Charges | Actuals |
Loan cancellation charges | All and any charges collected till loan cancellation shall not be refunded. Interest will be collected on a pro-rata basis. |
Mandate Rejection Charges | Rs.500 per month, till new mandate is registered |
Postal Charges | Actuals |
NOC Related Charges | Up to Rs.500 |
Stamping charges | Actuals |
Statement & Other Document Retrieval Charges | Up to Rs.500 |
Shriram Finance Personal Loan - How to Apply Online?
Shriram Finance now offers a completely digital process to apply for their Personal Loans. You can apply either on their website or through their mobile app ‘Shriram One: Loan, FD, UPI’. It’s available on both Google Playstore and Apple Appstore.
1. Register on the Shriram Finance website or app using your mobile number and email.
2. Go to Personal Loans, enter your mobile number, pin code and employment type.
3. Click on Apply Now.
4. Verify your personal details.
5. Choose the personal loan amount you wish to borrow, and the repayment tenure that suits your needs.
6. In the next step, verify your bank account details.
7. Submit the loan application.
8. After processing and verification by a representative from Shriram Finance, the loan amount is credited to your bank account.
Shriram Finance Personal Loan EMI Payment Methods
Shriram Finance personal loan EMIs are repaid every month through the eNACH mandate set up on your bank account.
Shriram Finance Personal Loan Customer Care
Shriram Finance has a dedicated customer service team to help you with any queries or issues regarding your Shriram Finance Personal Loans.
Shriram Finance Toll-free numbers | 1800 103 4959 1800 103 6369 |
Grievance Redressal Officer | Ph: 044-24642733 Email: grievance@shriramfinance.in |
FAQs on Shriram Finance Personal Loan
1. What is the maximum loan amount I can avail from Shriram Finance Personal Loans?
Eligible applicants can get up to Rs.10 lakhs personal loans from Shriram Finance.
2. What is the age criterion to apply for personal loans from Shriram Finance?
Applicants should be Indian residents in the age group of 21 – 60 years.
3. Can I use my Shriram Finance personal loan amount for vacation planning?
Yes, there is no restriction on the end use of Shriram Finance personal loan amount. You can use it for vacation planning, home renovation, consumer durable purchase, wedding expenses, medical expenses, or any other personal needs.
4. Can I foreclose my personal loans from Shriram Finance?
Yes, you can foreclose your personal loans from Shriram Finance with a nominal foreclosure charge.
5. How to apply for Shriram Finance Personal Loans?
You can apply for Shriram Finance Personal Loans through their website or through the mobile app, Shriram One.
6. How long does it take for Shriram Finance Personal Loan amount disbursal?
If you have applied online and received a pre-approved loan, after quick processing and verification, the loan amount is disbursed within 72 hours.
Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.
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