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Personal Loan in Ambikapur
Ambikapur has been steadily growing as a centre for trade, commerce, and education. With a personal loan in Ambikapur, residents can access financial support to meet various needs, from funding education to managing medical emergencies or planning special occasions. At Shriram Finance, we offer personal loans with competitive interest rates, allowing you to borrow up to ₹10,00,000/-* without collateral. Our flexible repayment tenures, ranging from 12 to 60 months, help you select an option that best suits your financial situation. Applying for a personal loan in Ambikapur is hassle-free and can be completed online. From application to approval, our process is seamless, ensuring quick access to funds. We also send EMI reminders, helping you manage repayments effortlessly. At Shriram Finance, we are committed to supporting your financial journey. Whether you need funds for personal or professional purposes, our personal loan in Ambikapur provides a reliable solution.
Personal Loan Types in Ambikapur
Shriram Finance offers a variety of options for a personal loan in Ambikapur to cater to different needs:
Features and Benefits of Personal Loan in Ambikapur
Choosing Shriram Finance for your personal loan in Ambikapur comes with several advantages:
Quick Approval
Collateral-free Loans
Competitive Interest Rates
Regular Reminders
Seamless Experience
Flexible Repayment Options
Personal Loan Interest Rates and Charges in Ambikapur
Understanding the costs associated with a personal loan in Ambikapur is crucial for proper financial planning. At Shriram Finance, we offer transparent interest rates starting at 11%* p.a.
- This is determined by factors such as credit score, income, and repayment capacity. Additional charges like processing fees and prepayment penalties may also apply.
| Type of Fees | Applicable Charges |
|---|---|
| Interest Rate | Customised interest rates starting from 11%* p.a. |
| Processing Fees | Up to 5%* |
| Prepayment Charges | Up to 5%* |
| Late Payment Fees | 36%* p.a. |
These rates are designed to provide affordability while maintaining transparency.
How to Use the Personal Loan EMI Calculator
A well-planned loan helps with better financial management. Shriram Finance’s personal loan EMI calculator is a useful tool that provides an estimate of your monthly instalments. Simply enter the loan amount, interest rate, and tenure to determine your EMI. This tool allows you to budget efficiently and make the right borrowing decisions.
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 Ambikapur
To qualify for a personal loan in Ambikapur from Shriram Finance, make sure you meet the following criteria:
Eligibility Criteria:- Nationality: Must be an Indian resident.
- Employment Status: Salaried individuals employed with reputable organisations or self-employed professionals.
- Credit Score: A minimum score of 700 is preferred.
- Age: Applicants should be between 21* to 60* years old (on loan closure).
- Income: Minimum monthly income requirement varies based on the loan amount.
- Required Documents:
- Identity Proof
- Passport
- Driving License
- Voter ID
- PAN Card
- Address Proof
- Passport
- Driving License
- Gas Bill with Gas book
- Other Documents
- Recent passport-size colour photographs
- Income Proof Documents of Last 3 months
- Bank Statement for the last six months
- One cancelled Cheque and ACH form for the Electronic Clearing Mandate (eNACH)
Step-by-Step Application Process for Personal Loan in Ambikapur
Applying for a personal loan in Ambikapur with Shriram Finance is straightforward:
Step 1
Visit the official website or the nearest branch.Step 2
Fill out the online application form with the necessary details.Step 3
Submit the required documents for verification.Step 4
Wait for approval, which usually takes less than 24 houStep 5
Upon approval, funds will be disbursed directly to your bank account.
Our Personal Loan Branches in Ambikapur
Shriram Finance simplifies personal loans for residents of Ambikapur. Our Ambikapur branch team is available to answer any questions you may have regarding loan applications or eligibility. For personalised assistance, visit our branch in Ambikapur. Use our online branch locator if required. We strive to provide a clear and straightforward borrowing process, empowering you to reach your financial aspirations. Contact us today to begin!
Locate Us
Personal Loan Customer Care in Ambikapur
If you have any questions or require assistance with your personal loan in Ambikapur, please contact Shriram Finance's customer support team.
Personal Loan Status in Ambikapur
Tracking your personal loan application is quick and easy with Shriram Finance.
- Online Tracking Visit the Shriram Finance website, enter your reference number, and get real-time updates.
- Customer Support Call our customer service team for personalised assistance regarding your loan status.
At Shriram Finance, we ensure a smooth and hassle-free borrowing experience. Our flexible repayment plans, competitive interest rates, and excellent customer support make personal loans in Ambikapur accessible and convenient.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Ambikapur?
To be eligible, applicants must be Indian residents aged between 21* to 60* years at loan closure. They must provide valid identity and address proof, along with income proof and bank statements for the last six months.
What is the interest rate on a personal loan in Ambikapur?
Shriram Finance offers personal loans with interest rates starting at 11%* p.a. , depending on creditworthiness and repayment capacity.
Is a personal loan in Ambikapur unsecure?
Yes, Shriram Finance offers unsecured personal loan, meaning no collateral is required. A strong credit score increases approval chances.
Can I prepay or foreclose my personal loan in Ambikapur?
Yes, you can prepay or foreclose your personal loan. However, prepayment charges may apply as per the loan agreement.
Can I apply for a personal loan online in Ambikapur?
Yes, you can apply online through the Shriram Finance website, making the process quick and convenient.
How can I check the status of my personal loan application in Ambikapur?
You can check your loan status online by entering your reference number on the Shriram Finance website. Alternatively, you may contact customer support for updates.
What is the minimum income required for a personal loan in Ambikapur?
The income requirement varies based on the loan amount. Applicants must demonstrate sufficient earnings to ensure timely repayments.
Are there any hidden charges for a personal loan in Ambikapur?
Shriram Finance maintains transparency in all charges, ensuring there are no hidden costs. All applicable fees are 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.