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Personal Loan in Aurangabad
Aurangabad, a historic city in Maharashtra, is a hub of culture and economic growth. For residents looking to manage personal or professional expenses, a personal loan in Aurangabad offers the perfect financial support. With Shriram Finance, you can avail loans to address diverse needs like medical emergencies, weddings, education, or home improvements. The process is simple, fast and fully digital, ensuring funds are accessible when required. You can borrow up to âı10,00,000/-* without collateral, making it an easy and secure option. Competitive interest rates starting at 11%* p.a.⯠and repayment tenures ranging from 12 to 60 months provide the flexibility to suit your financial plans. With Shriram Finance, borrowers in Aurangabad can enjoy a transparent and hassle-free loan experience tailored to their requirements.
Personal Loan Types in Aurangabad
Shriram Finance offers diverse personal loan options in Aurangabad to cater to different needs:
Features and Benefits of Personal Loan in Aurangabad
Opting for Shriram Finance for your personal loan in Aurangabad offers numerous benefits:
Flexible Repayment Options
Collateral-free Loans
Competitive Interest Rates
Quick Approval
Seamless Experience
Regular Reminders
Personal Loan Interest Rates and Charges in Aurangabad
Understanding the costs of a personal loan in Aurangabad is key before borrowing. At Shriram Finance, we provide transparent and affordable interest rates starting at 11%* p.a.⯠However, the final rate may vary depending on factors like your credit score, income and repayment capacity.
- It's equally important to consider additional charges, such as processing fees and prepayment penalties when calculating the total cost of the loan.
- We maintain a transparent and clear process, ensuring you are informed about all charges upfront.
- With Shriram Finance, you can plan your finances effectively, select the best loan option and confidently take the next step toward achieving your goals.
| 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. on the Overdue Amount |
These rates are designed to provide affordability while maintaining transparency.
How to Use the Personal Loan EMI Calculator
Financial planning becomes easier with the right resources, such as the personal loan EMI calculator by Shriram Finance. This tool is designed to give you a clear understanding of your repayment obligations. Simply input the loan amount, the interest rate and the tenure and the calculator will provide an estimate of your monthly instalments. This helps you plan your monthly budget effectively. With a clear view of your EMI, you can make smart decisions about your borrowing. Take advantage of this tool to move closer to your financial goals with clarity and confidence.
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 Aurangabad
To be eligible for a personal loan in Aurangabad from Shriram Finance, ensure 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 Aurangabad
Applying for a personal loan in Aurangabad 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 typically takes less than 24 hours.Step 5
Upon approval, funds will be disbursed directly to your bank account.
Our Personal Loan Branches in Aurangabad
Shriram Finance has set up branches in Aurangabad to make the personal loan application and management process more efficient. We understand the importance of easy access, which is why our branches are conveniently located in key areas of the city. Whether you need help with your loan application, have questions about eligibility, or want to discuss repayment options, our dedicated team is ready to assist you throughout the entire process. Visiting our branches gives you the advantage of receiving personalised support, ensuring a hassle-free borrowing experience. If you are unable to visit in person, our online branch locator tool on our website can help you find the nearest Shriram Finance branch. Our goal is to combine accessibility with exceptional customer service, making borrowing simple and transparent for everyone in Aurangabad. Visit your nearest branch today and take the first step towards achieving your financial objectives! Key locations include:
Locate Us
Personal Loan Customer Care in Aurangabad
For any queries or support related to personal loans in Aurangabad, Shriram Finance provides dedicated customer care services. Feel free to contact us by phone or visit any of our branches for tailored assistance and guidance.
Personal Loan Status in Aurangabad
To keep track of your personal loan application with Shriram Finance in Aurangabad, we offer simple and effective ways to stay updated. Here s how you can monitor your application:
- Visit Our Website: Go to the official Shriram Finance website and visit the loan status section. By entering your application reference number, you can easily receive real-time updates on your loan's progress. This method ensures you're always informed.
- Contact Customer Care: If you prefer personalised assistance, our customer care team is ready to help. They can provide accurate updates on your loan application and address any queries you may have.
At Shriram Finance, we aim to offer a hassle-free borrowing experience with competitive rates, flexible repayments and exceptional customer service.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Aurangabad?
To qualify for a personal loan in Aurangabad with Shriram Finance, you must be an Indian citizen aged between 21* to 60* years at the time of loan closure. You will also need to provide valid identity and address proofs, income statements for the last three months and your bank statements from the previous six months.
What is the interest rate on a personal loan in Aurangabad?
The interest rate on a personal loan in Aurangabad from Shriram Finance begins at 11%* p.a.⯠The rate may vary based on factors such as your credit score, income and ability to repay the loan.
Are personal loans in Aurangabad unsecured?
Yes, personal loans in Aurangabad from Shriram Finance are unsecured, which means you are not required to provide any collateral. However, having a good credit score plays a significant role in securing loan approval.
Can I prepay or foreclose my personal loan in Aurangabad?
Yes, you are allowed to prepay or foreclose your personal loan in Aurangabad with Shriram Finance. Please note that prepayment charges may apply, as specified in the loan agreement.
Can I apply for a personal loan online in Aurangabad?
Absolutely! You can apply for a personal loan online through the Shriram Finance website. The application process is simple and convenient, allowing you to complete everything from the comfort of your home.
How can I check the status of my personal loan application in Aurangabad?
To check the status of your personal loan application, simply visit the Shriram Finance website and enter your application reference number. Alternatively, you can get in touch with our customer care team for updates.
What is the minimum income required for a personal loan in Aurangabad?
The minimum income required for a personal loan in Aurangabad depends on the loan amount and the applicant's eligibility. Generally, applicants must show sufficient income to cover monthly repayment obligations.
Are there any hidden charges for personal loans in Aurangabad?
No, Shriram Finance ensures complete transparency in its loan process. There are no hidden charges for personal loans. All applicable fees and charges 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.