Shriram Finance, a non-banking financial company (NBFC) in India offers Personal Loans. It is a collateral-free loan that can be used for any purpose, such as debt consolidation, home renovation, medical expenses, marriage, travel, education or for any other personal need.
Shriram Finance Personal Loans are available for loan amounts of up to Rs. 15 lakh and repayment tenures of up to 60 months. The interest rates on Shriram Finance Personal Loans start from 12% per annum.
Shriram Finance Personal Loan Details
Shriram city Personal Loan offers hassle-free access funds. Shriram loan comes with interest rates starting at 12% p.a.; and a borrow limit up to 15 lakh.
The best part? Once approved, you can expect the funds to be in your account within 72 hours, ensuring you get the financial support you need without delay. See more Shriram finance loan details below:
| Interest Rate | Starting from 12% p.a. |
| Loan Amount | Up to Rs 15 lakhs |
| Loan Tenure | 12 to 60 months |
| Disbursal Time (pre approved loans) | Within 72 hours |
Shriram Finance Personal Loan Interest Rates
Do you need instant loans? Shriram Finance offers personal loan at competitive interest rates, starting from 12% p.a.
Interest rates are an important factor in your loan decision. With the knowledge of Shriram finance personal loan interest rate, you can take care of your finances and fulfil your instant loan requirements.
| Shriram Finance Personal Loan Interest Rate | Starting from 12% p.a. |
Shriram Finance Personal Loan Fees & Charges
Shriram Finance provides instant personal loans of up to 15 lakh based on your eligibility. They offer a simple and quick process to get a personal loan with instant disbursement (within 72 hours of application).
Find all the Shriram finance loan details in the table below:
| Processing fee | Up to 3% |
| Interest on overdue EMIs | 2% p.m |
| Foreclosure | Up to 4% |
| Cheque Bounce | Rs 500( per bounce) |
| Loan Cancellation | Nil |
Shriram Finance Personal Loan Eligibility Criteria
Shriram Finance personal loan eligibility is straightforward and simple. If you are wondering if you qualify for a Shriram loan, refer to the table below.
The table will help you understand the Shriram city personal loan criteria better:
| Employment Type | Both Salaried/Non-salaried |
| Nationality | Indian |
| Age | Between 21 – 60 years(on loan closure) |
| CIBIL score | 650 and higher |
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Documents Required for Shriram Finance Personal Loan
Shriram Finance Personal loan requires the borrower to be prepared with the documentation to streamline the loan approval process. These documents serve as proof of your financial credibility and help the lender assess your eligibility.
Below is a list of the key documents required for a Shriram Finance Personal Loan application:
Identity proof (any 1)
- Aadhaar card/ Passport/PAN card/Driving licence/Voter Id
Proof of address (any 1)
- Aadhaar card/ Passport/ Valid voter ID/ Utility bill/ Driving licence
Other Documents
- Recent passport size colour photographs
- Last 3 month’s income proof and bank statement in pdf format.
- One cancelled Cheque and ACH form for Electronic Clearing Mandate (eNACH)
Shriram Finance Loan EMI Calculator
Calculating your Shriram Finance personal loan EMI is a straightforward and convenient process. With an online EMI calculator, you can gain a clear understanding of your financial commitments and help you manage your budget effectively.
By inputting the loan amount, interest rate, and loan tenure, the calculator will swiftly generate the monthly EMI (Equated Monthly Instalment) amount, making it effortless to plan your loan repayments.
Your Amortization Schedule (Yearly/Monthly)
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Shriram Finance Personal Loan Vs Other Lender Comparison
In this comparison, we will explore the interest rates and processing fee offered by various Banks, NBFCs including Shriram Finance.
Having a comparison lets you understand different rates in the market, ultimately helping you make better financial decisions:
| Banks/NBFCs | Interest Rates (p.a.) | Processing Fees |
|---|---|---|
| Shriram Finance | 12% p.a. onwards | Up to 2% |
| SBI | 11.00% to 14% | Up to 1.50% |
| HDFC | 10.05% to 21% | 0.50% ( Rs 1,999 – Rs 25,000) |
| ICICI | 10.75% onwards | 2.50% |
| Axis | 10.49% onwards | 1% |
| Tata Capital | 10.99% onwards | 1% |
| Induslnd Bank | 10.49% onwards | Up to 3% of sanctioned amount |
| PaySense | 16.80% onwards | Up to 2.5% + GST or Rs 500 |
| Bajaj Finserv | 11.00% onwards | Up to 3.93% |
| Money View | 15.96% onwards | 2% + GST |
| Cashe | 27.00% onwards | Up to 3% |
Note: These rates are indicative and subject to change. Always check with the bank for the most up-to-date information before making any investment decisions.
Features & Benefits of Shriram Finance Personal Loan
Check the list of features and benefits that come with Shriram Finance Personal Loans.
Steps to Apply For Personal Loan with Buddy Loan
Navigating the application process for Shriram Finance Loans is a convenient and efficient way to access financial support.
The steps below will help you in applying for Personal Loans with Buddy Loan:
Step 1: – Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
Step 5: Enter your work details (Including company name, years of service and Designation)
Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.
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Frequently Asked Questions
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