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Personal Loan in Bhavnagar
Bhavnagar is a city in Gujarat. It is home to a growing population and various opportunities. Whether it is funding personal needs or addressing unexpected expenses, a personal loan in Bhavnagar can provide the financial support you require. With Shriram Finance, residents can access hassle-free loans to meet diverse needs. From managing medical costs to funding education or home renovations, a personal loan in Bhavnagar offers flexible solutions. The application process is simple, quick and paperless, ensuring that funds are disbursed rapidly. Loans are available up to âı10,00,000/-*
Personal Loan Types in Bhavnagar
Shriram Finance brings a variety of personal loan solutions to Bhavnagar to meet different demands:
Features and Benefits of Personal Loan in Bhavnagar
Shriram Finance provides excellent benefits for personal loans in Bhavnagar:
Flexible Repayment Options
Collateral-free Loans
Competitive Interest Rates
Quick Approval
Seamless Experience
Regular Reminders
Personal Loan Interest Rates and Charges in Bhavnagar
It is important to understand the costs associated with a personal loan in Bhavnagar before making financial decisions. At Shriram Finance, we offer interest rates starting at 11%* p.a.âŻ, ensuring affordability and transparency. These rates may vary based on factors such as your credit score, income and repayment capacity. Itâs also essential to account for additional costs like processing fees and prepayment penalties that may impact the total loan cost. We prioritise clear and transparent communication, providing you with all the information you need during the loan application process. With Shriram Finance, you can confidently plan your finances and achieve your goals with a loan tailored to your needs.
| 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?
Planning your finances is easier with the right tools, such as Shriram Financeâs personal loan EMI calculator. This tool simplifies understanding your repayment obligations. All you need to do is enter the loan amount, interest rate and tenure. The calculator will then display an estimate of your monthly instalments. This information helps you organise your budget and plan your finances effectively. Knowing your EMI beforehand empowers you to make wise borrowing choices. Use the EMI calculator to chart a clear path towards achieving your financial aspirations.
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 Bhavnagar
To be eligible for a personal loan in Bhavnagar 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 Bhavnagar
Applying for a personal loan in Bhavnagar 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 houStep 5
Upon approval, funds will be disbursed directly to your bank account.
Our Personal Loan Branches in Bhavnagar
To enhance the process of applying for and managing personal loans, Shriram Finance has established numerous branches across Bhavnagar. We understand the significance of accessibility, which is why our branches are located in convenient, prominent areas of the city. Whether you require assistance with your loan application, need clarification on eligibility, or wish to explore various repayment options, our dedicated team is here to support you at every step. Visiting our branches provides you with personalised guidance, ensuring a smooth and effortless borrowing experience. For your convenience, we also provide an online branch locator tool on our website, making it easier to find the nearest Shriram Finance branch. Our mission is to offer a seamless borrowing experience by combining accessibility with top-notch customer service, making personal loans simple and transparent for everyone in Bhavnagar. Visit your nearest branch today and let us help you achieve your financial goals! Key locations include:
Locate Us
Personal Loan Customer Care in Bhavnagar
Should you need any help or have questions about a personal loan in Bhavnagar, Shriram Finance is available to assist you. You can contact us by phone or visit any of our branches for personalised support and guidance.
Personal Loan Status in Bhavnagar
To monitor the status of your personal loan application with Shriram Finance in Bhavnagar, we offer convenient and straightforward methods to keep you informed. Hereâs how you can track your application:
- Visit Our Website: Go to the Shriram Finance website and visit the loan status section. By entering your application reference number, you can receive real-time updates on your loanâs progress, ensuring youâre always in the loop.
- Contact Customer Care: If you prefer to speak with someone directly, our customer care team is available to assist you. They can provide detailed updates on your loan application and help answer any questions.
At Shriram Finance, we are focused on delivering a smooth and stress-free borrowing process, complete with competitive interest rates, flexible repayment plans and exceptional customer support. Track your loan application today!
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FAQs
What are the eligibility criteria for a personal loan in Bhavnagar?
To be eligible for a personal loan in Bhavnagar from Shriram Finance, you need to be a resident of India and between 21* to 60* years of age at the time the loan is closed. You must also provide valid identity and address proof, income details for the past three months and six months' worth of bank statements.
What is the interest rate on a personal loan in Bhavnagar?
Personal loan interest rates in Bhavnagar from Shriram Finance start at 11%* p.a.âŻ, with the final rate determined by factors such as your credit score, income and ability to repay.
Are personal loans in Bhavnagar unsecured?
Yes, personal loans in Bhavnagar from Shriram Finance are unsecured, meaning no collateral is needed. A strong credit score is important for getting the loan approved.
Can I prepay or foreclose my personal loan in Bhavnagar?
Yes, Shriram Finance allows you to prepay or foreclose your personal loan in Bhavnagar. Prepayment charges may apply as per the terms mentioned in the loan agreement.
Can I apply for a personal loan online in Bhavnagar?
Yes, you can apply for a personal loan online through the Shriram Finance website. The online process is simple, and you can complete it from the comfort of your home.
How can I check the status of my personal loan application in Bhavnagar?
To check your personal loan application status, you can visit the Shriram Finance website and input your reference number. Alternatively, you can reach out to our customer care team for updates.
What is the minimum income required for a personal loan in Bhavnagar?
The minimum income required for a personal loan in Bhavnagar is determined by the loan amount and the applicantâs eligibility. Typically, you should show sufficient income to cover your monthly loan repayments.
Are there any hidden charges for personal loans in Bhavnagar?
No, there are no hidden charges for personal loans in Bhavnagar from Shriram Finance. All fees and charges will be fully disclosed during the application process to ensure transparency.
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.