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Personal Loan in Bilaspur
Bilaspur, a key commercial hub in Chhattisgarh, offers its residents growing opportunities and financial needs. A personal loan in Bilaspur can be a reliable solution for managing expenses such as weddings, medical emergencies, education, or home renovations. With Shriram Finance, you get access to customised loan options through a quick, digital, and hassle-free process. Loans up to ₹10,00,000/-*
Personal Loan Types in Bilaspur
Shriram Finance offers diverse personal loan options in Bilaspur to cater to different needs:
Features and Benefits of Personal Loan in Bilaspur
Shriram Finance offers multiple advantages for personal loans in Bilaspur:
Flexible Repayment Options
Collateral-free Loans
Quick Approval
Seamless Experience
Competitive Interest Rates
Regular Reminders
Personal Loan Interest Rates and Charges in Bilaspur
Knowing the costs involved in a personal loan in Bilaspur is essential for informed decision-making. Shriram Finance offers affordable interest rates starting at 11%* p.a. , though the exact rate depends on factors like your credit score, income, and repayment capacity.
- It’s also important to account for additional expenses, such as processing fees and prepayment penalties, when calculating the total loan cost. Our transparent process ensures complete clarity about all charges.
- With Shriram Finance, you can manage your finances effectively, select the right loan, and take confident steps towards achieving your aspirations.
| 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 is easier with Shriram Finance’s personal loan EMI calculator. This user-friendly tool helps you calculate your monthly instalments effortlessly. Just input the loan amount, interest rate, and repayment tenure, and the calculator will give you an accurate EMI estimate. This enables you to plan your budget efficiently. By knowing your repayment obligations in advance, you can make smarter financial decisions. Leverage this tool to take confident steps towards 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
₹ 50,000
Interest Payable
₹ 3,029
Monthly EMI
₹ 4,419
Eligibility and Documentation Criteria for Personal Loan in Bilaspur
To be eligible for a personal loan in Bilaspur 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 Bilaspur
Applying for a personal loan in Bilaspur 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 Bilaspur
Shriram Finance has opened several branches across Bilaspur to make personal loan services more accessible and efficient. These branches are located in key areas of the city, ensuring convenience for all custome Whether you want assistance with your loan application, clarity on eligibility, or advice on repayment options, our dedicated team is here to help. Visiting a branch gives you the benefit of personalised support, simplifying the borrowing experience. If you cannot visit, our online branch locator can guide you to the nearest branch. Our focus is on offering transparent services combined with excellent customer care in Bilaspur. Visit us today and take the first step towards fulfilling your financial needs! Key locations include:
Locate Us
Personal Loan Customer Care in Bilaspur
For any concerns or support with personal loans in Bilaspur, Shriram Finance provides reliable customer care services. Contact us via phone or visit our branches to receive customised help and advice.
Personal Loan Status in Bilaspur
Shriram Finance offers convenient ways to track your personal loan application in Bilaspur. Here’s how:
- Visit Our Website: Use the official Shriram Finance website to monitor your loan application. Enter your application reference number in the loan status section for real-time updates.
- Contact Customer Care: Prefer personalised assistance? Call our customer care team for accurate updates on your loan application and answers to your queries.
With Shriram Finance, you can enjoy a hassle-free loan experience, including competitive rates, flexible repayments, and top-notch customer service.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Bilaspur?
To be eligible for a personal loan from Shriram Finance in Bilaspur, you must be an Indian resident aged between 21* to 60* years at the time of loan closure. Valid ID and address proof, income documents for the last three months, and six months of bank statements are required.
What is the interest rate on a personal loan in Bilaspur?
Interest rates for personal loans in Bilaspur from Shriram Finance start at 11%* p.a. . The exact rate depends on your credit score, income, and repayment capacity.
Are personal loans in Bilaspur unsecured?
Yes, Shriram Finance offers unsecured personal loans in Bilaspur, meaning you do not need to provide any collateral. However, maintaining a good credit score is essential for approval.
Can I prepay or foreclose my personal loan in Bilaspur?
You can prepay or foreclose your personal loan in Bilaspur through Shriram Finance. Prepayment charges may apply as per the terms of your loan agreement.
Can I apply for a personal loan online in Bilaspur?
Yes, Shriram Finance makes it easy to apply for a personal loan online in Bilaspur. Visit their website to complete the application process quickly and conveniently.
How can I check the status of my personal loan application in Bilaspur?
You can check the status of your personal loan application in Bilaspur by entering your application reference number on the Shriram Finance website. You may also contact their customer care team for assistance.
What is the minimum income required for a personal loan in Bilaspur?
The minimum income requirement is determined by the loan amount and eligibility criteria. Applicants need to show adequate income to comfortably manage repayments.
Are there any hidden charges for personal loans in Bilaspur?
No, Shriram Finance ensures complete transparency. All charges and fees for personal loans are disclosed upfront during the application process, with no hidden costs.
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.