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Personal Loan in Koriya
Koriya is known for its rich natural resources and growing economic opportunities. While the region continues to develop, there may be times when additional financial support is needed. Whether it for a family function, urgent medical expenses, or home renovation, a personal loan in Koriya can help you meet your financial needs with ease. Shriram Finance offers personal loan with competitive interest rates and flexible repayment tenures ranging from 12 to 60 months. You can borrow up to ₹10,00,000/-* without any collateral, ensuring quick access to funds. Our application process is simple and can be completed online, making it convenient and time saving. With transparent terms and quick approvals, you can secure the required funds without unnecessary delays. At Shriram Finance, we are committed to supporting you in your financial journey.
Personal Loan Types in Koriya
Shriram Finance offers a variety of options for a personal loan in Koriya to cater to different needs:
Features and Benefits of Personal Loan in Koriya
Choosing Shriram Finance for your personal loan in Koriya comes with several advantages:
Quick Approval
Collateral-free Loans
Competitive Interest Rates
Regular Reminders
Flexible Repayment Options
Seamless Experience
Personal Loan Interest Rates and Charges in Koriya
Before applying for a personal loan in Koriya, it's essential to understand all associated costs. While Shriram Finance offers rates starting at 11%* p.a. , the final interest rate you receive will depend on factors like your credit history, income level, and ability to repay.
- Be sure to also factor in additional fees like processing charges and potential foreclosure penalties.
| 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
Calculating your EMIs for a personal loan is simplified with an EMI calculator. The personal loan EMI calculator from Shriram Finance allows you to estimate your monthly instalments instantly. Just enter the loan amount, interest rate, and tenure to get an instant EMI estimate. This tool helps you plan your budget and ensures that your monthly repayments remain manageable.
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 Koriya
To qualify for a personal loan in Koriya 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 Koriya
Applying for a personal loan in Koriya 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 Koriya
If you live in Koriya and need a personal loan, Shriram Finance is here to help. Our team at the local branch is ready to guide you through the application process and answer any questions you may have about eligibility. For one-on-one assistance, come visit us at our Koriya branch you can easily find our address using the branch locator on our website. We're committed to providing clear and simple borrowing solutions, so you can feel confident as you work towards your financial aspirations. Take the first step today and see how we can assist you.
Locate Us
Personal Loan Customer Care in Koriya
For any queries related to a personal loan in Koriya, Shriram Finance provides dedicated customer support. You can contact us via phone or visit a branch for assistance.
Personal Loan Status in Koriya
Tracking your personal loan application is quick and easy with Shriram Finance. To track the status of a personal loan in Koriya, you can use two different methods:
- Online Tracking: Visit the Shriram Finance website, enter your reference number, and track your loan status in real-time.
- Customer Support: Contact our customer care team for personalised assistance.
Shriram Finance ensures a seamless borrowing experience with transparent terms and flexible repayment options. Apply for a personal loan in Koriya today and take a step towards achieving your financial goals.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Koriya?
Applicants must be Indian residents aged between 21* to 60* years at loan closure. They must provide valid identity and address proof, along with income proof and bank statements for the last six months.
What is the interest rate on a personal loan in Koriya?
Shriram Finance offers personal loans with interest rates starting at 11%* p.a. , depending on creditworthiness and repayment capacity.
Is a personal loan in Koriya unsecured?
Yes, Shriram Finance offers unsecured personal loans, meaning no collateral is required. A strong credit score increases approval chances.
Can I prepay or foreclose my personal loan in Koriya?
Yes, you can prepay or foreclose your personal loan. However, prepayment charges may apply as per the loan agreement.
Can I apply for a personal loan online in Koriya?
Yes, you can apply online through the Shriram Finance website, making the process quick and convenient.
How can I check the status of my personal loan application in Koriya?
You can check your loan status online by entering your reference number on the Shriram Finance website. Alternatively, you may contact customer support for updates.
What is the minimum income required for a personal loan in Koriya?
The income requirement varies based on the loan amount. Applicants must demonstrate sufficient earnings to ensure timely repayments.
Are there any hidden charges for a personal loan in Koriya?
Shriram Finance maintains transparency in all charges, ensuring there are no hidden costs. All applicable fees are 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.