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Shriram Finance Personal Loan, Interest rates from 14%

Apply for a Shriram Finance Personal Loan at 14% p.a. and meet your financial needs with ease. Enjoy flexible repayment options and fast approval. Secure your loan today!

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Shriram Finance Personal Loan

Personal Loan from Shriram Finance can help you meet your financial goals. Whether you are planning for your kids’ education, a vacation, or even trying to revamp your older homes, you have Shriram Finance at your back. Shriram Finance offers personal loan upto 25 Lakhs with minimal documentation, flexible repayment options, and competitive interest rates. Personal Loans can be used for several expenses like wedding, travel, home renovation, student education, and even medical emergencies.

Features of Shriram Finance Personal Loan

FeatureDetails
Flexible Loan AmountsBorrow amounts tailored to your needs. Shriram Finance offers personal loans up to ₹25 lakhs.
Competitive Interest RatesBenefit from attractive rates from 14% to 24% based on your FOIR and credit score. FOIR up to 72% is allowed.
Quick Approval and DisbursalMost personal loans are processed and credited within 72 hours.
Flexible Tenure OptionsChoose a repayment period that suits your financial situation, with tenures from 12 to 60 months.
Minimal DocumentationEnjoy a fully digital, completely paperless borrowing experience.
Regular RemindersReceive regular alerts on your registered email and mobile number to avoid missing EMIs.

Documents required for Shriram Finance Personal Loan

  • ID Proof (Passport, DL, Voter ID, Aadhar)
  • Address Proof (Passport, DL, Gas Bill with Book, and Ration card)
  • Last 6 months PDF bank statement
  • Recent passport size photos
  • One Cancelled Cheque and ACH form for eNACH
  • Salary slip for the past three months

Fees and Charges of Personal loan at Shriram Finance

Interest charges

From 14% to 24%

Loan Amount

Upto Rs. 25 Lakhs

Tenure

12-60 months

Processing Fee

Upto 5% of the loan amount upto Rs. 3000

Foreclosure charges

Upto 4%

Bank Charges for Bounce

Upto 1000

Collection Charges

Rs. 500

How to Apply for Shriram Finance Personal Loan?

  • Visit https://www.fincover.com/banking/loan/personal/ and select Shriram Finance
  • Enter all the required information as requested and Submit your loan application
  • Check if your loan is approved with the reference no provided
  • If approved and verified, the loan will disbursed in a few days.

Documents Required for Shriram Finance Personal Loan

To apply for a Shriram Finance Personal Loan, you will need to submit the following documents:

  1. Identity Proof (any one of the following):

    • Aadhaar Card
    • Passport
    • Voter ID
    • Driving License
    • PAN Card
  2. Address Proof (any one of the following):

    • Aadhaar Card
    • Passport
    • Utility Bills (Electricity, Water, Gas)
    • Ration Card
    • Rental Agreement
  3. Income Proof:

    • Salary Slips (Last 3 months)
    • Bank Statements (Last 6 months)
    • Income Tax Returns (ITR) or Form 16 (Last 2 years)
  4. Employment Proof:

    • Employment Offer Letter
    • Employee ID Card
    • Employment Certificate
  5. Photographs:

    • Recent Passport-sized Photographs
  6. Duly Filled Application Form:

    • Complete and signed application form for the personal loan.

Additional Documents (if applicable):

  • Self-Employed Applicants:
    • Business Continuity Proof (Trade License, Partnership Deed, etc.)
    • Audited Financial Statements (Last 2 years)
    • Bank Statements (Last 6 months)

By providing these documents, you can ensure a smooth and quick processing of your Shriram Finance Personal Loan application.

How to Apply for an Shriram Finance Personal Loan?

  • Visit https://www.fincover.com/banking/loan/personal/ and select Shriram Finance
  • Enter all the required information as requested and Submit your personal loan application
  • Check if your personal loan is approved with the reference no provided
  • If approved and verified, the loan will disbursed in few days
People also ask
Shriram Finance offers personal loans at competitive interest rates, quick disbursals, and flexible tenure options, ensuring a smooth borrowing experience
Upon approval, typically the amount gets credited to your account within a maximum cut-off time of 72 hours
Yes, you can foreclose your personal loan. However, a foreclosure charge of upto 4% of the outstanding loan amount might be charges
Shriram Capital offers personal loan upto 25 Lakhs without any collateral. The amount you receive depends on your credit score, eligibility, FOIR ratio, and your repayment ability
Shriram Finance follows a structured approach which sees them sanction personal loan effortlessly, making the whole borrowing process a breeze
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