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Personal Loan in Bhilwara
Bhilwara is often referred to as the "Textile City of India" and known for its thriving textile industry. Situated in Rajasthan, this city offers the perfect combination of culture and modernity. Over the years, Bhilwara has evolved into a tourism hotspot. With its growing economy, residents are increasingly looking for financial solutions to support their aspirations. To fulfil aspirations of higher education, wedding, medical emergencies, etc., a personal loan in Bhilwara often serves as the best choice.At Shriram Finance, we recognise the many different financial needs of Bhilwara's residents. Our personal loan is designed to provide you with quick approval and easy access to funds. Whether you aim to fund a wedding or manage unexpected expenses, we have tailored solutions to meet your needs. Continue reading this guide for more information.
Personal Loan Types in Bhilwara
We offer various personal loan options in Bhilwara to cater to different requirements:
Features and Benefits of Personal Loans in Bhilwara
Choosing Shriram Finance for your personal loan comes with numerous advantages:
No Collateral Required
Fast Approval
Easy Repayment Options
Competitive Interest Rates
Seamless Digital Experience
EMI Alerts
Personal Loan Interest Rates and Charges in Bhilwara
Understanding the costs associated with personal loans is essential. Along with competitive rates, Shriram Finance also provides transparency in the rates:
| 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
To effectively manage your finances, use our Personal Loan EMI Calculator. All you have to do is feed in the loan amount, interest rate, and tenure to estimate your monthly payments. Once you enter the variables, the tool will generate your monthly EMIs and the total interest outgo. This will help you make sound 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 Bhilwara
Ensure you meet these criteria to qualify for a personal loan in Bhilwara from Shriram Finance:
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.
- Age Applicants should be between 21* to 60* years (at the time of loan closure).
- Income Minimum income requirements may vary depending on the requested loan amount.
- Required Documents:
- Identity Proof
- Voter ID
- PAN Card
- Passport
- Driving License
- Address Proof
- Passport
- Driving License
- Utility Bill (like a gas bill)
- Other Documents
- Last three months’ income proof documents
- Last six months’ bank statements
- One cancelled cheque along with an ACH form for Electronic Clearing Mandate (eNACH)
- Recent passport-size photographs
Step-by-Step Application Process for Personal Loan in Bhilwara
Follow these easy steps to apply for a personal loan in Bhilwara with Shriram Finance:
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 necessary documents for verification.Step 4
Await approval, typically available within a few hours to days.Step 5
Once approved, funds will be directly credited to your bank account.
Our Personal Loan Branches in Bhilwara
Shriram Finance has multiple branches across Bhilwara. This provides convenience for customers looking to apply for or manage their loans. Some of the key locations include:
Locate Us
Personal Loan Customer Care in Bhilwara
You can reach out via phone or visit any branch of Shriram Finance for personalised and dedicated customer support.
Personal Loan Status in Bhilwara
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.
By choosing Shriram Finance, you can enjoy a smooth borrowing experience tailored to meet your financial needs in Bhilwara.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Bhilwara?
To qualify for a personal loan from Shriram Finance in Bhilwara, you must be an Indian citizen aged between 21* to 60* years at the time of loan closure. You will also need valid identity proof and address documentation along with recent income statements and bank statements.
What is the interest rate on a personal loan in Bhilwara?
The interest rates for personal loans from Shriram Finance in Bhilwara start at 11%* p.a. These rates can vary based on factors like credit score and income level.
Are personal loans in Bhilwara unsecured?
Yes, personal loans offered by Shriram Finance in Bhilwara are unsecured; this means that no collateral is required. However, having a good credit score is essential for approval.
Can I prepay or foreclose my personal loan in Bhilwara?
Yes, you can prepay or close your personal loan with Shriram Finance in Bhilwara. Just be aware that prepayment charges may apply as per your loan agreement.
Can I apply for a personal loan online in Bhilwara?
Absolutely! You can conveniently apply online through the Shriram Finance website. The process is designed to be simple so that you can complete it from home.
How can I check the status of my personal loan application in Bhilwara?
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 Bhilwara?
The minimum income requirement varies depending on the requested loan amount and individual eligibility criteria. Generally, applicants should demonstrate sufficient income to comfortably meet their repayment obligations.
Are there any hidden charges for personal loans in Bhilwara?
At Shriram Finance, we believe in transparency; hence there are no hidden charges associated with our personal loans. 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.