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Personal Loan in Amravati
In Amravati, a thriving city in Maharashtra, progress and culture coexist harmoniously. Life in Amravati, like any other city, can present unforeseen financial challenges. Whether youâre preparing for a family wedding, handling unexpected medical expenses, or funding an educational goal, a personal loan in Amravati can offer you the flexibility and support you need.At Shriram Finance, you can borrow up to âı10,00,000/-*
Personal Loan Types in Amravati
Shriram Finance offers a variety of options for a personal loan in Amravati to cater to different needs:
Features and Benefits of Personal Loan in Amravati
Choosing Shriram Finance for your personal loan in Amravati comes with several advantages:
Flexible Repayment Options
Competitive Interest Rates
Quick Approval
Seamless Experience
Collateral-free Loans
Regular Reminders
Personal Loan Interest Rates and Charges in Amravati
When seeking a personal loan in Amravati, understanding the associated costs is key to making informed financial decisions. Shriram Finance offers competitive interest rates, starting at 11%* p.a.âŻ, though the exact rate can vary depending on your credit score and income.
- Other potential charges like processing fees and prepayment penalties should also be considered. We aim for transparency, ensuring you know exactly what to expect throughout the application process.
- A clear understanding of all costs helps you make a well-planned financial decision. With Shriram Finance, you can securely oversee your financial journey and attain your desired outcomes.
| 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
Managing your finances becomes easier with the right tools, such as the personal loan EMI calculator from Shriram Finance. If you are considering a personal loan in Amravati, this tool will give you a clear idea of your monthly EMI. All you need to do is input the loan amount, interest rate and tenure. The calculator will then provide an estimate of your monthly payments. This insight makes budgeting easier, as you will know exactly how much you need to pay each month. By understanding your EMI, you can make smarter borrowing decisions. Take advantage of our EMI calculator to take the right steps towards achieving your financial goals.
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
âı 50,000
Interest Payable
âı 3,029
Monthly EMI
âı 4,419
Eligibility and Documentation Criteria for Personal Loan in Amravati
To qualify for a personal loan in Amravati 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
- Income Proof Documents of Last 3 months
- Bank Statement for the last six months
- Recent passport-size colour photographs
- One cancelled Cheque and ACH form for the Electronic Clearing Mandate (eNACH)
Step-by-Step Application Process for Personal Loan in Amravati
Applying for a personal loan in Amravati 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 Amravati
At Shriram Finance, we have made applying for and managing a personal loan in Amravati easier by setting up our presence across the city. We know that accessibility is crucial, which is why we have placed our branches in key areas to serve you better. Whether you need help with the loan application process, have questions about your eligibility, or want to know more about repayment options, we are here to guide you. You can visit us in person for personalised assistance or use our websiteâs online branch locator tool to find the nearest branch. Our goal is to ensure that the borrowing process is stress-free, transparent and convenient for everyone in Amravati. Visit your nearest Shriram Finance branch today to take the first step toward achieving your financial goals. Key locations include:
Locate Us
Personal Loan Customer Care in Amravati
For any queries or assistance regarding a personal loan in Amravati, Shriram Finance offers dedicated customer care services. You can reach out via phone or visit any branch for personalised support.
Personal Loan Status in Amravati
To check the status of your personal loan application with Shriram Finance, we offer quick and simple options to keep you updated. Here is the process to track your application:
- Visit Our Website: Go to the official Shriram Finance website and navigate to the loan status section. Enter your application reference number to get real-time updates on your loan progress. This ensures you stay informed without any hassle.
- Contact Customer Care: If you prefer speaking to someone directly, our dedicated customer care team will help you. They can provide accurate information about your loan application status and address any queries you may have.
At Shriram Finance, you not only benefit from competitive interest rates and flexible repayment options but also enjoy excellent customer support. Track your application today!
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Amravati?
To be eligible for a personal loan in Amravati from Shriram Finance, applicants must be resident Indians aged between 21* to 60* years at the time of loan closure. Required documents include proof of identity, proof of address, income documentation for the past three months and bank statements from the last six months.
What is the interest rate on a personal loan in Amravati?
The interest rate for personal loans in Amravati from Shriram Finance begins at 11%* p.a.âŻ, based on your credit score, income and repayment capacity.
Is a personal loan in Amravati unsecured?
Yes, Shriram Finance offers unsecured personal loans in Amravati, so no collateral is necessary. However, a good credit score is crucial for loan approval.
Can I prepay or foreclose my personal loan in Amravati?
Yes, you may prepay or foreclose your personal loan in Amravati with Shriram Finance. Prepayment charges might apply based on the terms and conditions of the loan agreement.
Can I apply for a personal loan online in Amravati?
Yes, you can apply for a personal loan online through the Shriram Finance website in Amravati. The process is quick and convenient, allowing you to apply from the comfort of your home.
How can I check the status of my personal loan application in Amravati?
To track your personal loan application status, visit the Shriram Finance website and enter your application reference number, or contact customer care for updates.
What is the minimum income required for a personal loan in Amravati?
The minimum income requirement for a personal loan in Amravati varies depending on the loan amount and eligibility criteria. Generally, applicants need to demonstrate adequate income to meet repayment obligations.
Are there any hidden charges for personal loan in Amravati?
Shriram Finance ensures full transparency with no hidden charges. All applicable fees and charges will be clearly stated 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.