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Highlights of Shriram Finance Personal Loan |
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| Interest rates | 11% p.a onwards |
| Loan amount | Up to Rs 15 lakh |
| Loan tenure | Up to 5 years |
| Processing Fees | Minimum 1% of the loan amount |
Note: Interest Rates as on 7th November 2024
Table of Contents
Shriram Finance Personal Loan Interest Rates
Shriram Finance Personal Loan interest rates start from 11% 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.
Compare Interest Rate for Personal Loans from Top Banks and NBFCs
HDFC Bank
Up to ₹40L
10.85% - 24%
Upto 6 Years
₹6,500
Axis Bank
Up to ₹10L
11.25% - 22%
Upto 5 Years
Upto 2%
Kotak Mahindra Bank
Up to ₹40L
10.99% - 36%
Upto 6 Years
Upto 3%
IDFC First Bank
Up to ₹10L
10.99% - 23.99%
Upto 5 Years
Upto 2%
ICICI Bank
Up to ₹50L
10.85% - 16.25%
1-6 Years
Upto 2%
*Applicable for selected customers
Fees and Charges for Availing Shriram Finance Personal Loan
The personal loan processing fees and other charges for availing Shriram Finance Personal Loan are as follows:
| 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
- Cancelled cheque and ACH form for Electronic clearing mandate (eNACH)
FAQ’s on Shriram Finance Personal Loan
Does Shriram Finance offer personal loans?
Ans. Shriram Finance offers personal loans to individual borrowers for meeting their expenses related to education, travel, medical exigencies, marriage, etc.
How to get personal loan from Shriram Finance?
Ans. 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.
How to check Shriram Finance Personal Loan status?
Ans. 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.