- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications5
Terms and Conditions
Personal Loan in Indore
Indore, the commercial capital of Madhya Pradesh, is a city full of opportunities and growth. Whether you need funds for a wedding, medical emergency, education, or home renovation, a personal loan in Indore can help you manage your expenses with ease. With Shriram Finance, you can avail yourself of a loan through a fast, digital and hassle-free process. Loans up to ₹10,00,000/-*
Personal Loan Types in Indore
Shriram Finance features various options for a personal loan in Indore, designed to meet diverse financial requirements:
Features and Benefits of Personal Loan in Indore
Choosing Shriram Finance for a personal loan in Indore provides several benefits:
Flexible Repayment Options
Competitive Interest Rates
Quick Approval
Seamless Experience
Collateral-free Loans
Regular Reminders
Personal Loan Interest Rates and Charges in Indore
Understanding the costs related to a personal loan in Indore is essential for making informed financial choices. At Shriram Finance, we offer competitive interest rates structured to be both accessible and clear.
- Our interest rates start at 11%* p.a. but may vary based on individual factors such as credit history, income level and repayment capacity. Also, it important to consider other potential charges like processing fees and penalties for early repayment. We focus on maintaining transparency throughout the application process.
- By familiarising yourself with these costs, you can better manage your finances and select the appropriate personal loan in Indore. With Shriram Finance's support, you can confidently pursue your financial objectives.
| 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 interest rates promote affordability while ensuring clarity in the borrowing terms.
How to Use the Personal Loan EMI Calculator?
To effectively manage finances, having access to appropriate tools is vital. One such resource is Shriram Finance's personal loan EMI calculator.This calculator has been specifically designed to aid in understanding financial commitments more thoroughly. The usage is simple: just enter the desired loan amount along with applicable interest rate and tenure of the loan. After entering these details, you'll receive an estimated monthly repayment figure from the calculator which helps plan how much needs paying each month while budgeting accordingly.Having clarity on your EMI facilitates wise decisions regarding borrowing options available to you. By leveraging our personal loan EMI calculator, you're taking significant steps toward achieving clarity in reaching 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 Indore
To qualify for a personal loan in Indore from Shriram Finance, applicants should meet these eligibility criteria:
Eligibility criteria:- Nationality: Must be an Indian resident.
- Age: Applicants should be between 21* to 60* years old (on loan closure).
- Credit score: A minimum score of 700 is preferred.
- Employment status: Salaried individuals employed with reputable organisations or self-employed professionals.
- Income: Minimum monthly income requirement varies based on the loan amount.
- Required documents:
- Identity proof:
- Voter ID
- PAN card
- Driving license
- Passport
- Address proof:
- Driving license
- Gas bill with gas book
- Passport
- Other documents:
- One cancelled cheque and ACH form for the electronic clearing mandate (eNACH)
- Recent passport-size color photographs
- Bank statement for the last six months
- Income proof documents of the last 3 months
Step-by-Step Application Process for Personal Loan in Indore
Applying for a personal loan in Indore with Shriram Finance is designed to be seamless and 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 Indore
Shriram Finance has established branches in Indore to streamline the process of applying for and managing personal loans. We recognise that accessibility is key; therefore, our branches are strategically located in prominent areas throughout the city.You are welcome to visit us in person for personalised guidance that ensures a smooth borrowing experience. If you require assistance with your loan application, have queries about eligibility, or wish to explore repayment options, our team is here to support you at every stage.If visiting a branch is not convenient for you, we also provide an online branch locator on our website to help you find the nearest Shriram Finance location.We strive to deliver an exceptional experience by combining accessibility with outstanding customer service. Our goal is to make borrowing straightforward and transparent for everyone in Indore. Visit your nearest branch today and let us help you in realising your financial aspirations. Key locations include:
Locate Us
Personal Loan Customer Care in Indore
For any questions or assistance related to a personal loan in Indore, Shriram Finance offers dedicated customer service. You can connect with them via phone or visit any local branch.
Personal Loan Status in Indore
To check the status of your personal loan application with Shriram Finance, we offer efficient methods to keep you updated. Here how you can track it:
- Visit Our Website: Go to the official Shriram Finance website and navigate to the loan status section; enter your application reference number for real-time updates on its progress.
- Contact Customer Care: If you prefer direct communication, our dedicated customer care team is available. They will provide accurate information regarding the status of your application and answer any questions.
By choosing us, you benefit from competitive interest rates along with flexible repayment options and outstanding customer support. Track your application today.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Indore?
To qualify for a personal loan in Indore from Shriram Finance, you must be an Indian resident aged between 21* to 60* years at the time of loan closure. Additionally, you will need to provide valid identity and address proof, income documentation for the last three months and bank statements for the previous six months.
What is the interest rate on a personal loan in Indore?
The interest rates for a personal loan in Indore from Shriram Finance start at 11%* p.a. , depending on various factors such as your credit score, income and repayment capacity.
Is a personal loan in Indore unsecured?
Yes, a personal loan in Indore offered by Shriram Finance is an unsecured loan, meaning it does not require any collateral. However, having a good credit score is essential for approval.
Can I prepay or foreclose my personal loan in Indore?
Yes, you can prepay or foreclose your personal loan in Indore with Shriram Finance. However, prepayment charges may apply according to the terms outlined in your loan agreement.
Can I apply for a personal loan online in Indore?
Yes, you can easily apply for a personal loan online through the Shriram Finance website. The process is convenient, allowing you to complete your application easily.
How can I check the status of my personal loan application in Indore?
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 Indore?
The minimum income requirement varies based on the loan amount and individual eligibility criteria. Typically, applicants should demonstrate sufficient income to meet their repayment obligations.
Are there any hidden charges for a personal loan in Indore?
Shriram Finance is committed to transparency; therefore, there are no hidden charges associated with our 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.