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Shriram Capital Personal Loan Eligibility Calculator

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EMI(Included if you have)*: 1% to 1.5%* for gold loan; 5%* for Credit cards

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Shriram Capital Personal Loan Eligibility

The personal loans, offered by Shriram Finance, are intended to make your dreams come true or have necessary and pressing emergency spending. As the company has laid down minimum requirements for loan eligibility, low interest rates along with fast turnaround time to disburse funds, Shriram Finance can facilitate a smooth credit to fit your requirement perfectly.

Shriram Finance Personal Loan Eligibility

Eligibility Criteria	Requirement
Age	21-60
Documents required	Last three months’ salary slip, Bank Statement, KYC Documents
Minimum Work Experience	2 years of work experience
Credit score	750+
Loan amount	10 Lakhs

Shriram Finance Personal Loan Documents Required

ID Proof	Passport, DL, Voter ID, PAN Card
Address Proof	Passport, Driving License
Photograph	Recent photograph
Salary Certificate	Last three months’ salary slip, Bank Statement, KYC Documents
Other Documents	One cancelled Cheque and ACH form

Factors that influence Shriram Finance personal loan eligibility

Credit Score & History: A good credit status is evidence of creditworthiness since organizations grant loans to reliable entities.
Income Level: The loan eligibility and even the favorable term of the loan can be influenced by a higher income. Generally a salary of 20000 atleast is desirable. Higher salary would ensure higher lower amount
Employment Stability: Employment with a good employer for a long period is useful to your eligibility.
Existing Debts: High debt commitments can influence the loan decision and getting a lower loan amount is not unusual.
Loan Amount & Tenure: For larger loan amount and longer tenors, the eligibility criteria for

Loan Charges

Transaction	Charges(in ₹)
Interest rate	11%-42%
Loan Processing	Upto 5% of the loan amount
Foreclosure charges	Upto 4% of the pending amount,
Cheque bounce charge	Rs. 1000
NOC issuance	₹500
Loan cancellation	4% of loan disbursed + taxes
Foreclosure charges	4% of the Principal outstanding amount + GST
Collection Charges	Rs. 500

FAQs about Shriram Finance Personal Loan Eligibility

1. At what age can one apply for a personal loan?

Applicants must be within 21-60 years old while applying for a personal loan

2. Can I get a personal loan with a low credit score?

While a higher credit score is usually preferred, Shriram Finance at certain instances may provide loan based on your existing relationship with them and your repaying ability. However, issuing such loans for lower credit score is certainly at the discretion of the user

3. Does Shriram Finance provide personal loan for self-employed people?

Yes, self-employed people can also get personal loan. However, salaried employees are given first preference, Shriram Finance may issue personal loan to self-employed after having their own set of eligibility

4. Are there some service charges on the processes of getting the loan?

Yes, Shriram Finance expects a nominal processing fee of upto 5% of the loan amount

5. How long does the loan approval process take?

Shriram Finance typically processes personal loan applications within 3–5 working days, provided all documents are in order

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