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Personal Loan in Alwar
Alwar is a city known for its stunning forts and beautiful landscapes. This beautiful city in Rajasthan serves as a gateway to the Aravalli hills and is famous for its lively markets and local cuisine. As the city continues to grow, so does the need for financial solutions among its residents. And to accommodate the rising financial needs, taking out a personal loan in Alwar can be a practical solution. Shriram Finance offers tailored personal loan options designed to provide quick approval and easy access to funds. No matter the need, Shriram Personal Loan is always there to help you manage your financial needs.
Personal Loan Types in Alwar
Our range of personal loan options in Alwar caters to different requirements:
Features and Benefits of Personal Loans in Alwar
Leveraging a personal loan from Shriram Finance comes with several advantages:
No Requirement for Collateral
Fast Approval and Processing
Flexible EMI Options
Affordable Interest Rates
Easy Digital Experience
Timely EMI Alerts
Personal Loan Interest Rates and Charges in Alwar
Shriram Finance not only provides competitive rates but also transparency in the fees and charges:
| Type of Fees | Applicable Charges |
|---|---|
| Interest Rate | Starting from 11%* p.a. |
| Processing Fees | Up to 5%* |
| Prepayment Charges | Up to 5%* |
| Late Payment Fees | 36%* p.a. |
These charges ensure transparency and affordability.
How to Use the Personal Loan EMI Calculator
Manage your finances effectively with our personal loan EMI calculator. Enter the loan amount, interest rate, and tenure to estimate your monthly payments. This tool helps you make informed borrowing decisions while providing you insights into the total interest to be paid.
STEP 01
Required loan amount
STEP 02
Interest rate
Min 11%
Max 42%
STEP 03
Min 12 months
Max 60 months
Personal Loan Calculator Summary
Loan
Loan Amount
₹ 50,000
Interest Payable
₹ 3,029
Monthly EMI
₹ 4,419
Eligibility and Documentation Criteria for Personal Loan in Alwar
To qualify for a personal loan in Alwar from Shriram Finance, ensure you meet these criteria:
Eligibility Criteria:- Employment Status: Employed individuals with reputable companies or self-employed professionals
- Nationality: Must be an Indian citizen.
- Credit Score: A minimum score of 700 is typically preferred.
- Applicants should be at least 21* to 60* years at loan closure.
- Income: Minimum income requirements may vary depending on the requested loan amount.
- Required Documents:
- Identity Proof
- Passport
- Voter ID
- PAN Card
- Driving License
- Address Proof
- Passport
- Driving License
- Utility Bill (like a gas bill)
- Other Documents
- One cancelled cheque along with an ACH form for Electronic Clearing Mandate (eNACH)
- Last three months’ income proof documents
- Last six months’ bank statements
- Recent passport-size photographs
Step-by-Step Application Process for Personal Loan in Alwar
Applying for a personal loan in Alwar with Shriram Finance is simple:
Step 1
Visit our official website or go to the nearest branch.Step 2
Complete the online application form with the required details.Step 3
Submit the necessary documents for verification.Step 4
Wait for approval which should not take more than a few days.Step 5
Once approved, funds will be directly credited to your bank account.
Our Personal Loan Branches in Alwar
Shriram Finance has multiple branches across Alwar. This provides convenience for customers looking to apply for or manage their loans. Here are some of the key locations:
Locate Us
Personal Loan Customer Care in Alwar
You can reach out to our dedicated customer support via phone or visit any branch for personalised support and real-time updates on your loan application.
Personal Loan Status in Alwar
To check the status of your personal loan application, visit our website and enter your application reference number. Alternatively, contact customer care for real-time updates on your application status.
- To check the status of your personal loan application, visit our website and enter your application reference number.
- Alternatively, contact customer care for real-time updates on your application status.
Enjoy a hassle-free borrowing experience tailored to meet your financial needs in Alwar with Shriram Personal Loan.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Alwar?
To qualify for a personal loan from Shriram Finance in Alwar, you need to be an Indian resident between 21* to 60* years of age. Valid identity proof and address documentation are also required along with recent income statements and bank statements.
What is the interest rate on a personal loan in Alwar?
The interest rate for a personal loan from Shriram Finance in Alwar starts at 11%* p.a. These rates can vary based on factors like credit score and income level.
Are personal loans in Alwar unsecured?
Yes, personal loans offered by Shriram Finance in Alwar do not need collateral. But having a good credit score is essential for approval.
Can I prepay or foreclose my personal loan in Alwar?
Yes, you can prepay or close your personal loan with Shriram Finance in Alwar. Just keep in mind that prepayment charges may apply as outlined in your loan agreement.
Can I apply for a personal loan online in Alwar?
Yes, you can easily apply online through the Shriram Finance website. The process is simple and straightforward so that you can complete it from home.
How can I check the status of my personal loan application in Alwar?
To check your application status, visit our website and enter your application reference number. You can also contact customer care for further assistance regarding your application.
What is the minimum income required for a personal loan in Alwar?
While there is no specific minimum income requirement, it is essential that you demonstrate sufficient income to comfortably meet their repayment obligations.
Are there any hidden charges for personal loans in Alwar?
We believe in transparency and therefore, there are no hidden charges associated with our personal loan. All applicable fees will be clearly communicated during the application process.
Disclaimer
The information provided in this guide is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making investment decisions related to fixed deposits or any other financial products.