Shriram Finance Ltd. offers personal loans @12% p.a. onwards for loan amounts of up to Rs 15 lakh and repayment tenures of up to 5 years.
Shriram Finance Personal Loan interest rates start from 12% p.a. onwards. Although the lender has not specified offering differential interest rates to its personal loan applicants based on their credit scores, monthly income, occupation profile, employer’s profile, etc., most lenders consider these factors while setting the personal loan interest rates of their loan applicants.
| Highlights of Shriram Finance Personal Loan | |
| Interest rates | 12% p.a onwards |
| Loan amount | Up to Rs 15 lakh |
| Loan tenure | Up to 5 years |
| Processing Fees | Minimum 1% of the loan amount |
Fees and Charges for Availing Shriram Finance Personal Loan
| Loan Product | Interest rates (p.a.) |
| Processing fees | Minimum 1% of the loan amount |
| Foreclosure charges | Rs 1,000 |
Eligibility Criteria for availing Shriram Finance Personal Loan
The personal loan eligibility criteria set for loan applicants availing Shriram Finance Personal Loans are as follows:
- Resident Indians
- Age: 21 years (at the time of loan application) to 60 years (at the time of loan closure)
Shriram Finance Personal Loan Documents Required
The personal loan documents required for Shriram Finance, based on the profession or occupation of the loan applicant, are as follows:
- Identity proof: PAN Card, Passport, Driving License, Voter ID Card
- Address proof: Passport, Driving License, Gas bill with gas book
- Recent passport size colour photographs
- Last 3 month income proof documents
- Last 6 month bank statements
FAQ’s on Shriram Finance Personal Loan
Prospective applicants can apply online for Shriram Finance personal loans by visiting the lender’s website. Alternatively, they can also visit any of the lender’s branches to make the loan application.
You can check the status of your Shriram Finance Personal Loan application by visiting any of the lender’s branches or calling on their customer care numbers. Alternatively, you can also visit the NBFC’s website to check the status of your personal loan application.
Shriram Finance offers personal loans to individual borrowers for meeting their expenses related to education, travel, medical exigencies, marriage, etc.
