- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications5
Terms and Conditions
Personal Loan in Malerkotla
Malerkotla is a bustling city rich in opportunities, where many residents often find themselves in need of financial assistance to fulfil their aspirations. At Shriram Finance, we recognise that life can present unexpected expenses, and having access to a personal loan in Malerkotla can be a significant advantage. We offer a diverse range of loan options tailored to meet your specific needs. Whether You're planning a dream holiday, organising a wedding, or managing an unforeseen medical bill, we are here to support you. Our loans are designed for quick processing and come with competitive interest rates, ensuring you receive the funds you require without unnecessary delays. With our personal loans, you can borrow up to ₹10,00,000/-* without the need for collateral, making it easier for you to access financial support. You also have the flexibility to choose repayment terms ranging from 12 to 60 months, allowing you to select an option that best fits your financial situation. The application process is straightforward and can be completed online from the comfort of your home. We offer timely reminders about your EMI payments, helping you stay organised and on track. At Shriram Finance, we are committed to assisting you throughout your financial journey. Let us work together to transform your dreams into reality with our tailored personal loan in Malerkotla!
Personal Loan Types in Malerkotla
Shriram Finance offers a variety of options for a personal loan in Malerkotla to cater to different needs:
Features and Benefits of Personal Loan in Malerkotla
Choosing Shriram Finance for your personal loan in Malerkotla comes with several advantages:
Flexible Repayment Options
Collateral-free Loans
Competitive Interest Rates
Seamless Experience
Regular Reminders
Quick Approval:
Personal Loan Interest Rates and Charges in Malerkotla
Grasping the financial implications of a personal loan in Malerkotla is crucial for making informed decisions. At Shriram Finance, we pride ourselves on offering competitive interest rates that are both affordable and transparent.
- Our interest rates begin at 11%* p.a. , but these can fluctuate based on several factors, including your credit score, income level, and repayment capacity. It also essential to be aware of additional charges that may apply, such as processing fees and penalties for early repayment. We prioritise clear communication throughout the application process, ensuring you know exactly what to expect.
- By understanding these costs, you can effectively plan your finances and select the most suitable personal loan option in Malerkotla. With Shriram Finance, you can confidently navigate your financial journey and work towards achieving 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 manage your finances, having the right tools at your disposal is crucial. One such invaluable resource is the personal loan EMI calculator offered by Shriram Finance.This intuitive calculator is specifically designed to enhance your understanding of financial commitments. To use it, simply enter the loan amount you wish to borrow, the applicable interest rate, and the desired loan tenure. Once you provide these details, the calculator will generate an estimate of your monthly instalments (EMIs). This information is essential as it gives you a clear view of your monthly financial obligations, enabling you to budget accordingly.Having a precise understanding of your EMI can empower you to make informed decisions regarding your borrowing options. By utilising our personal loan EMI calculator, you can take a significant step towards achieving your financial aspirations with confidence.
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 Malerkotla
To qualify for a personal loan in Malerkotla 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 Malerkotla
Applying for a personal loan in Malerkotla 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 Malerkotla
Shriram Finance has set up several branches throughout Malerkotla to ensure that applying for and managing personal loans is both easy and convenient. We recognise the significance of accessibility, which is why our locations are strategically placed in prominent areas of the city.Whether you require assistance with your loan application, have inquiries about eligibility, or need clarification on repayment options, our team is here to support you at every stage. You are welcome to visit us in person for tailored guidance, ensuring a smooth borrowing experience.For those who may find it difficult to visit a branch, we offer an online branch locator tool on our website. This feature allows you to quickly identify the nearest Shriram Finance branch, making it easier for you to access our services.Our aim is to provide a seamless experience by integrating accessibility with outstanding customer service. We strive to make the borrowing process straightforward and transparent for all residents of Malerkotla. We encourage you to visit your nearest branch today and let us assist you in achieving your financial objectives!
Locate Us
Personal Loan Customer Care in Malerkotla
For any inquiries or assistance regarding a personal loan in Malerkotla, Shriram Finance offers dedicated customer care services. You can reach out via phone or visit any branch for personalised support.
Personal Loan Status in Malerkotla
To check the status of your personal loan application with Shriram Finance, we provide quick and straightforward methods to keep you updated. Here how you can easily track your application:
- Visit Our Website: Simply go to the official Shriram Finance website and navigate to the loan status section. By entering your application reference number, you can access real-time updates on your loan's progress.
- Contact Customer Care: If you prefer to speak to someone directly, our dedicated customer care team is available to assist you. They can provide precise information regarding the status of your loan application and address any queries you may have.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Malerkotla?
To qualify for a personal loan in Malerkotla from Shriram Finance, you must be an Indian resident aged between 21* to 60* years at the time of loan closure. Additionally, valid identity proof, address proof, income documentation for the last three months, and bank statements for the preceding six months are required.
What is the interest rate on a personal loan in Malerkotla?
The interest rates for a personal loan in Malerkotla from Shriram Finance start at 11%* p.a. , depending on various factors such as your credit score, income, and repayment capacity.
Are personal loan in Malerkotla unsecured?
Yes, you can prepay or foreclose your personal loan in Malerkotla with Shriram Finance. However, prepayment charges may apply according to the terms and conditions of the loan agreement.
Can I prepay or foreclose my personal loan in Malerkotla?
Yes, you can prepay or foreclose your personal loan in Malerkotla 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 Malerkotla?
Yes, you can easily apply for a personal loan in Malerkotla 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 Malerkotla?
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 Malerkotla?
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 Malerkotla?
Shriram Finance is committed to transparency; therefore, there are no hidden charges associated with their personal loans in Malerkotla. 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.