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Personal Loan in Chandigarh
Chandigarh, a well-planned city with a thriving economy, offers numerous opportunities for its residents. When financial support is needed, a personal loan in Chandigarh can help meet various expenses, whether a wedding, medical emergency, education, or home renovation. With Shriram Finance, you can get a loan that suits your needs with a simple and fully digital application process. Loans up to ₹10,00,000/-*
Personal Loan Types in Chandigarh
Shriram Finance provides tailored personal loan options in Chandigarh for diverse needs:
Features and Benefits of Personal Loan in Chandigarh
Shriram Finance offers several advantages for personal loans in Chandigarh:
Collateral-free Loans
Competitive Interest Rates
Quick Approval
Seamless Experience
Regular Reminders
Flexible Repayment Options
Personal Loan Interest Rates and Charges in Chandigarh
Having a clear understanding of the costs of a personal loan in Chandigarh is key to making sound financial choices. At Shriram Finance, we offer interest rates starting from a competitive 11%* p.a. , with the final rate influenced by factors like your credit score, income and repayment ability.
- Additional charges, including processing fees and prepayment costs, should be factored in when determining the total cost of the loan. We ensure complete transparency by disclosing all fees upfront.
- With Shriram Finance, you can plan your finances better, choose the most suitable loan and take confident steps towards 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. |
These rates are designed to provide affordability while maintaining transparency.
How to Use the Personal Loan EMI Calculator?
Shriram Finance provides a simple way to manage your finances with the personal loan EMI calculator. This tool helps you calculate your monthly instalments with ease. Enter the loan amount, interest rate and repayment tenure and the calculator will generate an accurate EMI estimate. This ensures you can budget your monthly expenses effectively. With a better understanding of your EMIs, you can make informed decisions about borrowing. Use this tool to confidently move towards your financial goals.
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 Chandigarh
To be eligible for a personal loan in Chandigarh 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 Chandigarh
Applying for a personal loan in Chandigarh 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 Chandigarh
Shriram Finance has set up numerous branches across Chandigarh to make personal loan services more convenient and efficient. These branches are located in key areas of the city, ensuring easy access for all. Whether you need assistance with your loan application, eligibility questions, or repayment discussions, our team is here to help. Visiting our branches provides you with personalised support, ensuring a smooth and hassle-free borrowing process. If you are unable to visit a branch, use our online branch locator tool to find the one closest to you. Our goal is to combine excellent customer service with transparency and convenience in Chandigarh. Visit your nearest branch today and take the first step towards achieving your financial aspirations! Key locations include:
Locate Us
Personal Loan Customer Care in Chandigarh
If you need assistance with personal loans in Chandigarh, Shriram Finance offers excellent customer care services. Reach out by phone or visit a nearby branch for personalised guidance and support.
Personal Loan Status in Chandigarh
Monitoring your personal loan application in Chandigarh is easy with Shriram Finance. Here’s how:
- Visit Our Website: Visit the Shriram Finance website and use the loan status section to track your application. Enter your reference number for instant updates on your loan’s progress.
- Contact Customer Care: For a personalised experience, contact our customer care team. They can provide accurate updates and answer any questions you may have.
Shriram Finance ensures a smooth loan journey with competitive rates, flexible repayment options and outstanding customer support. Start tracking your application now!
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Chandigarh?
To qualify for a personal loan in Chandigarh from Shriram Finance, you must be an Indian resident aged between 21* to 60* years at the time of loan completion. You also need to submit valid identity and address proof, income proof for the last three months and bank statements for six months.
What is the interest rate on a personal loan in Chandigarh?
Shriram Finance offers personal loans in Chandigarh with interest rates starting at 11%* p.a. . The rate may vary depending on factors like your credit score, income and repayment ability.
Are personal loans in Chandigarh unsecured?
Yes, personal loans in Chandigarh offered by Shriram Finance are unsecured loans. They do not require collateral, but a strong credit score is necessary for approval.
Can I prepay or foreclose my personal loan in Chandigarh?
Yes, Shriram Finance allows prepayment or foreclosure of personal loans in Chandigarh. However, prepayment charges may apply as per the loan agreement.
Can I apply for a personal loan online in Chandigarh?
Applying for a personal loan online in Chandigarh is quick and easy through the Shriram Finance website. The process is designed for convenience.
How can I check the status of my personal loan application in Chandigarh?
You can track your personal loan application status in Chandigarh by entering your application reference number on the Shriram Finance website. Alternatively, you can contact their customer care team for updates.
What is the minimum income required for a personal loan in Chandigarh?
The minimum income requirement depends on the loan amount and eligibility. Applicants must demonstrate sufficient income to ensure timely repayment.
Are there any hidden charges for personal loans in Chandigarh?
Shriram Finance maintains full transparency in Chandigarh. All charges are disclosed upfront and there are no hidden fees for personal loans.
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.