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Personal Loan in Bhiwadi
Bhiwadi is an emerging industrial hub in Rajasthan, located a few kilometres from Delhi. The city is known for its rapid growth and development and is home to businesses of all scales. As more people settle here, the demand for personal loans is increasing. From funding education to managing unforeseen medical expenses, a personal loan in Bhiwadi can help its residents and businesses tackle diverse funding needs. Shriram Finance understands the unique needs of Bhiwadi's residents. Our personal loans are designed to provide quick approval and easy access to funds. With affordable interest rates and comfortable repayment tenures, we aim to simplify the borrowing process so you can focus on what truly matters achieving your goals.
Personal Loan Types in Bhiwadi
At Shriram Finance, there is a personal loan for every need:
Features and Benefits of Personal Loans in Bhiwadi
Choosing Shriram Finance for your personal loan comes with numerous advantages:
Flexible Repayment Terms
Competitive Interest Rates
No Collateral Required
Quick Approval
Hassle-free Digital Experience
EMI Alerts
Personal Loan Interest Rates and Charges in Bhiwadi
Shriram Finance offers complete transparency in the personal loan interest rates and charges sp that you can make holistic borrowing decisions:
| 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
With the help of the Shriram Personal Loan EMI Calculator, you can easily calculate your EMIs. Just enter the loan amount, interest rate, and tenure to estimate your monthly payments. You can also gain insights into the total interest to be paid. With our EMI calculator, you can try out different scenarios of loan amount and tenure to save up on the total cost of the loan.
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 Bhiwadi
To qualify for a personal loan in Bhiwadi from Shriram Finance, you must meet the following eligibility criteria:
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 aged between 21* to 60* years (at loan closure).
- Income: Minimum income requirements vary depending on the requested loan amount.
- Required Documents:
- Identity Proof
- PAN Card
- Passport
- Driving License
- Voter ID
- Address Proof
- Passport
- Driving License
- Utility Bill (like a gas bill)
- Other Documents
- Income proof documents for the last three months
- Bank statements for the last six months
- 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 Bhiwadi
Applying for a personal loan in Bhiwadi with Shriram Finance is simple:
Step 1
Navigate to our official website or go to the nearest branch.Step 2
Complete the online application form by filling in your personal details.Step 3
Submit all necessary documents for verification.Step 4
Await approval which is typically available within a few hours to days.Step 5
Once approved, funds will be credited directly to your bank account.
Our Personal Loan Branches in Bhiwadi
Shriram Finance makes loan application easy and convenient with its multiple branches across Bhiwadi. Some key locations include:
Locate Us
Personal Loan Customer Care in Bhiwadi
Have questions about your loan application? Contact our dedicated customer support for prompt resolution or guidance. You can reach out via phone or visit any branch for personalised support.
Personal Loan Status in Bhiwadi
Check your personal loan status effectively by visiting our website and entering your application number.
Enjoy a smooth borrowing experience curated to meet your financial needs in Bhiwadi with Shriram Personal Loan by your side.
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FAQs
What are the eligibility criteria for a personal loan in Bhiwadi?
To qualify for a personal loan from Shriram Finance in Bhiwadi, you must meet a few eligibility criteria. You need to be an Indian resident aged at least 21 at the time of application and 60 at the time of loan closure. You will also need valid identity and address proof along with the last three months income documentation and bank statements from the previous six months.
What is the interest rate on a personal loan in Bhiwadi?
The interest rates for personal loans from Shriram Finance in Bhiwadi start at 11%* p.a. These rates may vary based on various factors such as credit score, income level, and repayment capacity.
Are personal loans in Bhiwadi unsecured?
Yes, personal loans provided by Shriram Finance in Bhiwadi are usually collateral-free or unsecured. It is good to ensure that you have a good credit score for securing approval.
Can I prepay or foreclose my personal loan in Bhiwadi?
Yes, you can certainly prepay or foreclose your personal loan with Shriram Finance in Bhiwadi. Be aware that prepayment charges may apply as outlined in your loan agreement.
Can I apply for a personal loan online in Bhiwadi?
Yes, you can easily apply for a personal loan through the Shriram Finance website or mobile app. The process is straightforward so that you can complete your application from home.
How can I check the status of my personal loan application in Bhiwadi?
To check your personal loan application status, visit our website and enter your application reference number. You can also contact customer care for updates regarding your application.
What is the minimum income required for a personal loan in Bhiwadi?
The minimum income requirement varies depending on the requested loan amount and individual eligibility criteria. Applicants are expected to demonstrate sufficient income to comfortably meet their repayment obligations.
Are there any hidden charges for personal loans in Bhiwadi?
Shriram Finance values transparency and has no hidden charges associated. 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.