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Personal Loan in Lawngtlai
Welcome to Lawngtlai, a district in the southernmost part of Mizoram, known for housing one of the highest minority populations in India. At Shriram Finance, we know financial needs can arise anywhere. That's why we offer a personal loan in Lawngtlai to assist you. What's more appealing? Borrow up to ₹10,00,000/-* without needing to provide any collateral. Enjoy flexible repayment terms, with EMI options ranging from 12 to 60 months. Applying for a personal loan in Lawngtlai is straightforward complete the process online from home. We'll also send EMI reminders to keep you on track. We're here to support your financial journey. Contact us with any questions.
Personal Loan Types in Lawngtlai
Shriram Finance offers a variety of options for a personal loan in Lawngtlai to cater to different needs:
Features and Benefits of Personal Loan in Lawngtlai
Choosing Shriram Finance for your personal loan in Lawngtlai comes with several advantages:
Regular Reminders
Collateral-free Loans
Quick Disbursal
Flexible Repayment Options
Competitive Interest Rates
Seamless Experience
Personal Loan Interest Rates and Charges in Lawngtlai
Understanding the costs associated with a personal loan in Lawngtlai is essential for effective financial planning. Our interest rates begin at 11%* p.a. , but it's important to keep in mind that these can vary based on several factors, including your credit score, income, and repayment ability.
- If you have any questions or need further clarification, please feel free to reach outwe're always here to help!
| 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
One excellent resource we offer at Shriram Finance is our personal loan EMI calculator. Using it is incredibly straightforward! Simply enter the amount you wish to borrow, the interest rate, and the loan duration. Once you've provided these details, the calculator will quickly generate an estimate of your monthly repayments. If you have any questions or need assistance while using the calculator, please don't hesitate to reach outwe're here to guide you every step of the way!
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 Lawngtlai
To qualify for a personal loan in Lawngtlai 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 Lawngtlai
Applying for a personal loan in Lawngtlai 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 Lawngtlai
At Shriram Finance, weve made it incredibly straightforward for you to apply for and manage your personal loans with our numerous branches throughout Lawngtlai. Feel free to visit us for personalised service that ensures a hassle-free borrowing experience. Cant make it to a branch? No problem! Our website features an online branch locator tool that makes it easy to find the nearest Shriram Finance branch.
Locate Us
Personal Loan Customer Care in Lawngtlai
For any inquiries or assistance regarding a personal loan in Lawngtlai, Shriram Finance offers dedicated customer care services. You can reach out via phone or visit any branch for personalised support.
Personal Loan Status in Lawngtlai
At Shriram Finance, we aim to make it easy for you to monitor the status of your personal loan application. Here how you can stay updated:
- Visit Our Website: Simply head over to the official Shriram Finance website and go to the loan status section.
- Contact Customer Care: If you prefer a more personal touch, our dedicated customer care team is here to assist you.
By choosing Shriram Finance, you not only benefit from competitive interest rates and flexible repayment options but also receive exceptional customer support. Check your application status today!
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Lawngtlai?
To qualify for a personal loan from Shriram Finance in Lawngtlai, you need to be a resident Indian aged between 21* to 60* years at the time your loan is closed. Additionally, you'll need to provide valid proof of identity and address, along with income documentation for the past three months and bank statements for the last six months.
What is the interest rate on a personal loan in Lawngtlai?
At Shriram Finance, the interest rates for personal loans in Lawngtlai start at 11%* p.a. However, these rates may vary based on various factors, including your credit score, income level, and repayment capacity.
Is personal loan in Lawngtlai unsecured?
Absolutely! The personal loans provided by Shriram Finance in Lawngtlai are unsecured, meaning you wont need to put up any collateral. However, it important to maintain a good credit score to enhance your chances of approval.
Can I prepay or foreclose my personal loan in Lawngtlai?
Yes, you can certainly prepay or foreclose your personal loan with Shriram Finance in Lawngtlai. Just keep in mind that prepayment charges may apply as outlined in your loan agreement.
Can I apply for a personal loan online in Lawngtlai?
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 Lawngtlai?
Check your loan status on the Shriram Finance website using your application reference number. Alternatively, call our customer care team
What is the minimum income required for a personal loan in Lawngtlai?
The minimum income varies depending on the loan amount and your eligibility. You'll need to show a stable income that allows comfortable repayments.
Are there any hidden charges for personal loan in Lawngtlai?
No, Shriram Finance prioritises transparency. All applicable fees 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.