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Personal Loan in Mehsana
Mehsana is a city known for its agricultural significance and vibrant markets located in Gujarat. As residents work towards fulfilling their aspirations, financial assistance often becomes crucial. A personal loan in Mehsana provides the necessary backing for managing expenses such as education or home renovations. Tailored financial products are available designed to meet diverse requirements effectively. These loans come with quick disbursal and attractive interest rates ensuring that funds are accessible when needed most. Through a personal loan in Mehsana, individuals can access up to ₹10,00,000/-*
Personal Loan Types in Mehsana
Shriram Finance presents an extensive array of options for a personal loan in Mehsana, aimed at meeting diverse financial needs:
Features and Benefits of Personal Loan in Mehsana
Choosing Shriram Finance for your personal loan in Mehsana comes with several benefits:
Flexible Repayment Options
Collateral-free Loans
Competitive Interest Rates
Quick Approval
Seamless Experience
Regular Reminders
Personal Loan Interest Rates and Charges in Mehsana
Understanding the costs associated with a personal loan in Mehsana is crucial for effective financial planning. At Shriram Finance, we offer competitive interest rates designed to be both reasonable and clear.
- Our interest rates begin at 11%* p.a. but may vary based on factors such as credit score, income level, and repayment capacity. It is also essential to consider additional charges like processing fees and penalties for early repayment during this process; we ensure transparency throughout so that you are fully aware of what lies ahead.
- By familiarising yourself with these costs, you can better manage your finances when selecting an appropriate personal loan in Mehsana. With Shriram Finance's assistance, 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. |
The interest rates are structured to provide affordability while ensuring transparency in all dealings.
How to Use the Personal Loan EMI Calculator
To effectively manage finances requires access to appropriate resources tailored specifically for this purposeone being Shriram Finance's personal loan EMI calculator. Having clarity surrounding EMIs empowers individuals to make informed choices regarding available financial options. By leveraging our personal loan EMI calculator, you are taking significant steps toward achieving clarity in reaching your financial goals. This resource serves as an excellent means of enhancing your understanding of financial responsibilities. The process remains uncomplicated: simply enter the desired loan amount along with applicable interest rate and tenure of the loan. After entering these details, you will receive an estimated monthly repayment figure.
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 Mehsana
To qualify for a personal loan in Mehsana from Shriram Finance, you should meet these specified eligibility conditions:
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:
- PAN card
- Voter ID
- Driving license
- Passport
- Address proof:
- Gas bill with gas book
- Driving license
- Passport
- Other documents:
- Recent passport-size colour photographs
- One cancelled cheque and ACH form for the electronic clearing mandate (eNACH)
- Bank statement for the last six months
- Income proof documents of the last 3 months
Step-by-Step Application Process for Personal Loan in Mehsana
Applying for a personal loan in Mehsana with Shriram Finance is straightforward and user-friendly:
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 Mehsana
Shriram Finance has set up multiple branches throughout Mehsana aimed at streamlining both application processes and management of personal loan. Recognising that accessibility plays a crucial role; our branches are conveniently located across key areas of the city. Whether you are seeking assistance with your loan application or have questions regarding eligibility or repayment options, we stand ready to assist at every stage of your journey. You can visit us directly for personalised support ensuring a seamless borrowing experience. If visiting a branch isn't feasible for you, we also offer an online branch locator available on our website for easy navigation.We are dedicated to providing an effortless experience by merging convenience with exceptional customer service standards. Our mission is making borrowing straightforward and transparent for everyone residing in Mehsana. Visit one of our branches today so we can help you realise your financial goals. Key locations include:
Locate Us
Personal Loan Customer Care in Mehsana
For any inquiries or assistance related to a personal loan in Mehsana, Shriram Finance provides comprehensive customer support. You can contact them by phone or visit any local branch for tailored guidance.
Personal Loan Status in Mehsana
To check the status of your personal loan application with Shriram Finance, we offer easy methods to keep you updated. Here how you can track it:
- Check our Website: Go to the official Shriram Finance website, navigate to the loan status section, and enter your application reference number for real-time updates on its progress. This keeps you informed effortlessly.
- Reach out to our Customer Care: If you prefer speaking directly with someone, our customer care team is ready to assist. They can provide detailed information about the status of your application and answer any questions.
We are committed to ensuring a seamless borrowing experience. By choosing Shriram Finance, you gain access to competitive interest rates along with flexible repayment options and outstanding customer support. Track your application today!
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FAQs
What are the eligibility criteria for a personal loan in Mehsana?
To qualify for a personal loan in Mehsana from Shriram Finance, you need to be an Indian resident aged between 21* to 60* years at the time of loan closure. Additionally, valid identity and address proof, income documentation for the last three months, and bank statements for the previous six months are required.
What is the interest rate on a personal loan in Mehsana?
The interest rates for a personal loan in Mehsana from Shriram Finance start from 11%* p.a. , influenced by various factors such as your credit score, income, and capacity to repay.
Is a personal loan in Mehsana unsecured?
Yes, a personal loan in Mehsana provided by Shriram Finance is an unsecured option, which means it does not necessitate any collateral. However, having a good credit score is crucial for approval.
Can I prepay or foreclose my personal loan in Mehsana?
Yes, you have the option to prepay or foreclose your personal loan in Mehsana with Shriram Finance. Be aware that prepayment charges may apply according to the terms outlined in your loan agreement.
Can I apply for a personal loan online in Mehsana?
Yes, applying for a personal loan online through the Shriram Finance website is convenient and straightforward, allowing you to complete your application from the comfort of your home.
How can I check the status of my personal loan application in Mehsana?
You can verify the status of your personal loan application by visiting the Shriram Finance website and entering your application reference number. Alternatively, customer care can provide updates upon request.
What is the minimum income required for a personal loan in Mehsana?
The minimum income requirement varies based on the loan amount and individual eligibility conditions. Generally, applicants should demonstrate adequate income to fulfil repayment obligations.
Is there any hidden charge for a personal loan in Mehsana?
Shriram Finance is committed to transparency; hence, there are no hidden charges associated with our personal loan offerings. All applicable fees and charges will be clearly 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.