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Personal Loan in Mahasamund
Mahasamund is known for its growing commercial and agricultural activities. Whether you need funds for higher education, medical emergencies, travel, or business expansion, a personal loan in Mahasamund can provide the financial support you need. At Shriram Finance, we give personal loans with competitive interest rates and flexible repayment tenures ranging from 12 to 60 months. Since these loans are unsecured, you don't need to pledge any collateral. The application process is straightforward and can be completed online, ensuring quick access to funds. We also send regular EMI reminders to help you stay on track with your repayments. If You're looking for a hassle-free financial solution, a personal loan in Mahasamund from Shriram Finance is a reliable choice.
Personal Loan Types in Mahasamund
Shriram Finance offers a variety of options for a personal loan in Mahasamund to cater to different needs:
Features and Benefits of Personal Loan in Mahasamund
Choosing Shriram Finance for your personal loan in Mahasamund 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 Mahasamund
Before applying for a personal loan in Mahasamund, it is important to understand the applicable charges. Shriram Finance provides loans with interest rates starting from 11%* p.a.
- The rate of interest depends on factors like credit score, income, and repayment capacity. Additional charges such as processing fees and prepayment penalties may also apply.
| 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
Planning your loan in advance helps in better financial management. Shriram Finance offers a personal loan EMI calculator that helps you estimate your monthly instalments. Simply enter the loan amount, interest rate, and tenure to get an instant EMI estimate. This tool enables you to plan your repayments efficiently and avoid financial strain.
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 Mahasamund
To qualify for a personal loan in Mahasamund 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 Mahasamund
Applying for a personal loan in Mahasamund 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 Mahasamund
Residents of Mahasamund can easily access personal loans through Shriram Finance. Our local branch team is ready to help with any questions about loan applications and eligibility. Visit our Mahasamund branch for personalised support (find our location using our online branch locator). We aim to make borrowing simple and transparent, so you can confidently pursue your financial goals. Get started today!
Locate Us
Personal Loan Customer Care in Mahasamund
If you have any queries about a personal loan in Mahasamund, Shriram Finance provides dedicated customer support. You can reach out to us via phone or visit a branch for assistance.
Personal Loan Status in Mahasamund
Tracking your personal loan application is quick and easy with Shriram Finance.
- Online Tracking Visit the Shriram Finance website, enter your reference number, and get real-time updates.
- Customer Support Call our customer service team for personalised assistance regarding your loan status.
At Shriram Finance, we ensure a smooth borrowing experience with transparent terms and flexible repayment options. Apply for a personal loan in Mahasamund 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 Mahasamund?
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 Mahasamund?
Shriram Finance offers personal loans with interest rates starting at 11%* p.a. , depending on creditworthiness and repayment capacity.
Is a personal loan in Mahasamund 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 Mahasamund?
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 Mahasamund?
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 Mahasamund?
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 Mahasamund?
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 Mahasamund?
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.