Personal Loan
Shriram Finance provides a reliable and quick solution for all your short-term and long-term financial needs with collateral-free personal loans. With competitive interest rates starting just at 11%* p.a., minimal documentation and multiple tenure options, ranging from 12 to 60 months, a Shriram Personal Loan makes managing finances easy.
From catering to medical emergencies to planning for that wedding, Shriram Personal Loan helps you access funds when you need them. Apply for a personal loan online with us and achieve your financial goals with confidence.
Personal Loan Quick Facts
Take a look at some key facts about Shriram Personal Loan to make smart borrowing decisions:
-
Parameters
- Age
- Maximum Loan Amount
- Interest Rates
- Loan Tenure
- Prepayment/Foreclosure Charges
- Documents Required
-
Details
- 21 - 60 years
- Up to ₹10,00,000
- Starting at 11%* p.a.
- 12 - 60 months
- Minimal charges apply
- KYC documents, Proof of Income, Proof of Address
Types of Personal Loan
A personal loan from Shriram Finance is a versatile tool that caters to a diverse range of financial needs, like weddings, vacation, home repairs, medical emergencies, etc. Explore more about the different types of personal loans to find the one that suits your specific needs:
Wedding Loan
This is a type of loan that covers all your wedding expenses, like renting a venue, paying for the caterers, decorators, etc.
Travel Loan
This loan is specifically taken out to cover the costs of travel like airfare, accommodation, tours, etc.
Medical Emergency Loan
A medical emergency loan helps you manage urgent medical expenses like surgeries, hospitalisation, and any other medical-related expenses that are not covered by health insurance.
Consumer Durable Loan
This loan helps you purchase essential electronics and household goods like television, washing machine, etc., that may be challenging to pay for at once.
Personal Loan for Women
A personal loan for women helps women cater to a variety of expenses like funding a new business, personal expenses, etc.
There are several other types of expenses that can be managed seamlessly with a Shriram Personal Loan, at competitive interest rates and minimal documentation.
Personal Loan Features and Benefits
Take a look at some of the attractive features and benefits of Shriram Personal Loan to understand why it is one of the top choices for all your financial needs:
Competitive Interest Rates
Our interest rates start at just 11%* p.a., helping you save up on the total cost of the loan.
Collateral-free Loans
Get up to ₹10,00,000 without having to pledge any security.
Quick Approvals
Once your documentation and eligibility are verified, approvals can take as little as a few hours.
Flexible Repayment Tenure
Comfortably pay your EMIs with flexible tenure ranging from 12 to 60 months.
Seamless Digital Process
Complete your application quickly with our user-friendly digital process.
Regular Reminders
Stay on top of your payments with regular alerts sent to your registered mobile number and email ID.
Personal Loan EMI Calculator Online
The Shriram Personal Loan EMI Calculator simplifies the calculation of your personal loan EMIs by taking the manual work out of the equation. Our calculator is easy to use and requires just three basic inputs from you—the loan amount, interest rate and loan tenure in months. Once you feed in these variables, the tool quickly works out your monthly payments and total interest outgo. Use our free online EMI calculator to avoid manual errors and plan your finances effectively.
How to Apply for a Personal Loan Online
To apply for a Shriram Personal Loan online, follow these simple steps:
Personal Loan Eligibility
Here’s what you need to understand about Shriram Personal Loan’s eligibility criteria to enhance your chances of approval:
Eligibility Criteria
Residence
- You must be an Indian resident
Age
- Minimum 21 years at application; maximum 60 years at loan closure
Employment Type
- Both salaried and self-employed are eligible. Please note that if you’re self-employed, you may be eligible for a business loan, or you must be a pre-approved customer with an existing relationship with Shriram Finance to qualify for a personal loan.
Other factors like income stability and credit history are also considered to qualify for a Shriram Personal Loan.
Personal Loan Documents Required
To apply for a personal loan from Shriram Finance, you will need to keep these documents handy:
Required Documents
Identity Proof
- Aadhaar Card
- Passport
- Driving Licence
- Voter ID
Address Proof
- Utility Bills
- Rental Agreement
- Passport
Other Documents
- Recent passport-size photos
- Income proof documents for the last 3 months
- Bank statements for the last 6 months
- One cancelled cheque and ACH form for the Electronic Clearing Mandate (eNACH)
Personal Loan Interest Rates and Charges
Here’s what you need to know about the interest rates and charges of Shriram Personal Loan:
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Type of Fees
- Interest Rate
- Processing Fees
- Foreclosure Charges
-
Applicable Charges
- Starting at 11%* p.a.
- Up to 5%*
- Up to 4%* (But please note that the customer shall not be allowed to
foreclose the account within 12 months from the date of the first EMI. Also,
an additional 2% will be applied if the loan is transferred to another financial institution)
Please note that the interest rates and charges of a personal loan from Shriram Finance are subject to change. They may vary based on your loan tenure, market conditions and other relevant factors. Check the Interest Rates and Charges document for the most accurate and up-to-date information.