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Personal Loan in Gudivada
In Andhra Pradesh, Gudivada stands out as a dynamic town famous for its extensive history and cultural legacy. The town is famous for its ancient temples and colourful festivals, reflecting the deep-rooted traditions of the region. At Shriram Finance, we recognise the diverse financial needs of Gudivada's residents. Whether you are planning a wedding, renovating your home, starting a business, or dealing with unexpected medical expenses, our personal loan in Gudivada is here to support you. Our collateral-free loans of up to ₹10,00,000/-* are designed to make borrowing simple and stress-free. With quick disbursals for pre-approved applicants, you can address your financial requirements without delay. Flexible repayment tenures ranging from 12 to 60 months empower you to choose a plan that suits your budget. Additionally, our competitive interest rates ensure that repayment remains affordable and manageable. Applying for a personal loan in Gudivada is an easy process with Shriram Finance. Our fully digital application process lets you apply from the comfort of your home. To help you stay on track with repayments, we also send regular EMI reminde At Shriram Finance, we are dedicated to supporting the people of Gudivada in achieving their dreams. Let us help you take the next step with confidence through our personalised personal loan solutions.
Personal Loan Types in Gudivada
Shriram Finance offers a variety of options for a personal loan in Gudivada to cater to different needs:
Features and Benefits of Personal Loan in Gudivada
Choosing Shriram Finance for your personal loan in Gudivada comes with several advantages:
Flexible Repayment Options
Collateral-free Loans
Competitive Interest Rates
Quick Approval
Seamless Experience
Regular Reminders
Personal Loan Interest Rates and Charges in Gudivada
Knowing the costs is a must when applying for a personal loan in Gudivada. At Shriram Finance, we offer competitive interest rates that are both affordable and transparent. While our rates start at 11%* p.a. , they may vary depending on factors such as your credit score, income, and repayment capacity.
- In addition to interest rates, it's essential to consider other charges, such as processing fees and prepayment penalties, which may apply. We prioritise clear communication during the application process, so you have a complete understanding of the associated costs upfront.
- By being aware of these details, you can plan your finances effectively and choose the best loan option for your needs. With Shriram Finance, navigating your financial journey becomes easier, helping you achieve your aspirations confidently.
| 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
Gudivada residents considering a personal loan can benefit from Shriram Finance's EMI calculator. This user-friendly calculator helps you understand your financial obligations clearly, allowing you to plan better. Using the calculator is simple. All you need to do is enter the loan amount, the interest rate, and the repayment tenure. Once you provide these details, the calculator will generate an estimate of your monthly instalments. This insight allows you to see how much you will need to set aside each month, helping you budget efficiently. By gaining a clear picture of your EMI, you can make informed decisions about your borrowing options. Using the personal loan EMI calculator provided by Shriram Finance is an important step towards achieving your financial goals with confidence.
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 Gudivada
To qualify for a personal loan in Gudivada from Shriram Finance, make sure 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 Gudivada
Applying for a personal loan in Gudivada 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 usually takes less than 24 houStep 5
Upon approval, funds will be disbursed directly to your bank account.
Our Personal Loan Branches in Gudivada
Getting a personal loan in Gudivada is simple with Shriram Finance's accessible services. Whether you require assistance with your loan application, have queries about eligibility, or wish to learn about repayment options, we are here to assist you at every step. You can visit us in person for personalised support and a smooth borrowing experience. If visiting a branch is not feasible, we also provide an online branch locator tool on our website to help you find the nearest Shriram Finance branch. Our aim is to offer a seamless experience by combining accessibility with exceptional customer service. We strive to make borrowing stress-free and transparent for everyone in Gudivada. Visit your nearest branch today and let us assist you in achieving your financial goals. Key locations are listed below:
Locate Us
Personal Loan Customer Care in Gudivada
For any queries or assistance regarding a personal loan in Gudivada, Shriram Finance offers dedicated customer care services. You can reach out via phone or visit any branch for personalised support.
Personal Loan Status in Gudivada
Staying updated on your personal loan in Gudivada application with Shriram Finance is quick and easy. Here's how you can do it:
- Visit Our Website: Head to the Shriram Finance website and find the loan status section. By entering your application reference number, you can receive real-time updates on your loan progress effortlessly.
- Contact Customer Care: In case you prefer speaking to someone, our friendly customer care team is ready to assist. They will provide accurate updates on your loan application status and address any concerns you have.
With Shriram Finance, we strive to deliver a smooth and stress-free borrowing experience. In addition to competitive interest rates and flexible repayment terms, you can count on excellent customer service. Start your journey to financial success with us. Visit one of our convenient locations today.
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FAQs
What are the eligibility criteria for a personal loan in Gudivada?
To be eligible for a personal loan in Gudivada from Shriram Finance, you must be an Indian resident aged 21* to 60* years at the time of loan closure. Valid identity and address proof, income documents for the last three months, and bank statements for the prior six months are required.
What is the interest rate on a personal loan in Gudivada?
Interest rates for a personal loan in Gudivada start from 11%* p.a. Your credit score, income, and repayment capacity determine the final rate.
Is a personal loan in Gudivada unsecured?
Shriram Finance offers unsecured personal loan in Gudivada, meaning no collateral is required. However, having a strong credit score is essential for approval.
Can I prepay or foreclose my personal loan in Gudivada?
Yes, you can prepay or foreclose your personal loan in Gudivada with Shriram Finance. Prepayment charges, if applicable, will be outlined in the loan agreement.
Can I apply for a personal loan online in Gudivada?
Yes, you can apply for a personal loan in Gudivada online via the Shriram Finance website. The process is simple and convenient.
How can I check the status of my personal loan application in Gudivada?
You can track your personal loan in Gudivada application status through the Shriram Finance website by entering your application reference number or by contacting customer care.
What is the minimum income required for a personal loan in Gudivada?
The minimum income requirement for a personal loan in Gudivada depends on the loan amount and individual eligibility criteria. Generally, applicants need to have sufficient income to meet repayment obligations.
Are there any hidden charges for personal loan in Gudivada?
Shriram Finance ensures full transparency, so there are no hidden charges on a personal loan in Gudivada. All costs are 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.