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Personal Loan in Guntur
Guntur, a vibrant city in Andhra Pradesh, is known for its rich agricultural heritage and growing economy. Like many residents, you may encounter situations requiring financial assistance to achieve your dreams and manage unexpected expenses. Personal loans in Guntur offer a practical solution to help you navigate these challenges. At Shriram Finance, we recognise the importance of having quick access to funds. Whether you need to finance a wedding, support your education, or cover medical emergencies, our personal loans can provide the financial support you need. We pride ourselves on offering a seamless application process with rapid approvals and competitive interest rates, ensuring that you can get the help you require without unnecessary delays.Our personal loans are collateral-free, allowing you to borrow up to ₹10,00,000/-* without needing any security. You can select repayment tenures ranging from 12 to 60 months, providing flexibility tailored to your financial situation. The application process is simple and can be completed online from your home. Also, we send timely reminders for your EMI payments, helping you stay organised and on track.At Shriram Finance, we are dedicated to empowering you on your financial journey. Together, let us transform your aspirations into reality with our personal loan in Guntur.
Personal Loan Types in Guntur
Shriram Finance offers a variety of options for a personal loan in Guntur to cater to different needs:
Features and Benefits of Personal Loan in Guntur
Choosing Shriram Finance for your personal loan in Guntur 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 Guntur
Understanding the costs associated with a personal loan in Guntur is essential for making sound financial decisions. At Shriram Finance, we provide competitive interest rates that are designed to be affordable and transparent.
- Our rates start at 11%* p.a. but they may vary based on factors such as your credit score, income, and repayment capacity.
- It also important to consider other potential charges like processing fees and prepayment penalties. We aim for clear communication during the application process so that you know exactly what to expect.
- Understanding these costs can help you plan your finances better and choose the right personal loan in Guntur. With Shriram Finance, you can confidently navigate your financial journey and achieve 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
To effectively plan your finances, it essential to have the right tools at your disposal. One such tool is the personal loan EMI calculator provided by Shriram Finance. This calculator is designed to help you understand your financial situation better. Using the calculator is straightforward. Enter the loan amount you need to borrow, the applicable interest rate and the tenure of the loan. Once you input these details, the calculator will show you an estimate of your monthly instalments. This information is invaluable as it allows you to see how much you will need to pay each month helping you budget accordingly. Having a clear idea of your EMI can help you in making wise decisions about your borrowing options. By utilising our personal loan EMI calculator, you can take a step towards attaining your financial goals with clarity.
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 Guntur
To qualify for a personal loan in Guntur from Shriram Finance, ensure you meet the following criteria:
Eligibility Criteria:- Nationality: Should be an Indian resident.
- Employment Status: Salaried individuals employed with reputable organisations or self-employed professionals.
- Credit Score: A minimum score of 700 is required.
- 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 Guntur
Applying for a personal loan in Guntur 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 the funds will be sent directly to your bank account.
Our Personal Loan Branches in Guntur
Whether you need help with your loan application, have questions about eligibility or want to understand repayment options, we are here to guide you at every step. You can visit us in person to get personalised support and ensure a smooth borrowing experience. If visiting a branch is not convenient for you, we also offer an online branch locator tool on our website. This tool helps you find the nearest Shriram Finance branch. We aim to provide a seamless experience by combining accessibility with exceptional customer service. Our goal is to make borrowing stress-free and transparent for everyone in Guntur. Visit your nearest branch today and let us help you achieve your financial goals! Key locations include:
Locate Us
Personal Loan Customer Care in Guntur
For any inquiries or assistance regarding a personal loan in Guntur, Shriram Finance offers dedicated customer care services. You can reach out via phone or visit any branch for personalised support.
Personal Loan Status in Guntur
To check the status of your personal loan application with Shriram Finance we offer quick and simple options to keep you updated. Here is how you can track your application:
- Visit Our Website: Go to the official Shriram Finance website and navigate to the loan status section. Enter your application reference number to get real-time updates on your loan progress. This ensures you stay informed without any hassle.
- Contact Customer Care: If you prefer speaking to someone directly our dedicated customer care team will help you. They can provide accurate information about your loan application status and address any queries you may have.
At Shriram Finance, our aim is to provide a seamless and stress-free borrowing experience. By choosing us, you not only benefit from affordable interest rates and flexible repayment options but also enjoy excellent customer support. Track your application today!
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FAQs
What are the eligibility criteria for a personal loan in Guntur?
To be eligible for a personal loan in Guntur from Shriram Finance, you must be a resident Indian aged between 21* to 60* years at the time of loan closure. Additionally, you need to provide valid identity and address proof, income documentation for the last three months, and bank statements for the preceding six months.
What is the interest rate on a personal loan in Guntur?
The interest rates for a personal loan in Guntur from Shriram Finance start from 11%* p.a. , depending on various factors such as your credit score, income, and repayment capacity.
Are personal loan in Guntur unsecured?
Yes, a personal loan in Guntur offered by Shriram Finance are unsecured loans, meaning they do not require any collateral. However, a good credit score is essential for approval.
Can I prepay or foreclose my personal loan in Guntur?
Yes, you can prepay or foreclose your personal loan in Guntur with Shriram Finance. However, prepayment charges may apply according to the terms and conditions of the loan agreement.
Can I apply for a personal loan online in Guntur?
Yes, you can easily apply for a personal loan online through the Shriram Finance website. The process is streamlined for convenience, allowing you to complete your application from home.
How can I check the status of my personal loan application in Guntur?
You can check the status of your personal loan application by visiting the Shriram Finance website and entering your application reference number. Alternatively, you can contact customer care for updates.
What is the minimum income required for a personal loan in Guntur?
The minimum income requirement varies based on the loan amount and individual eligibility criteria. Typically, applicants should demonstrate sufficient income to meet repayment obligations.
Are there any hidden charges for personal loan in Guntur?
Shriram Finance is committed to transparency; therefore, there are no hidden charges associated with their personal loan. All applicable fees and charges will be clearly outlined 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.