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Personal Loan in Nagpur
Nagpur, a major commercial and educational hub, often presents financial needs for various purposes, such as higher education, medical emergencies or home renovations. A personal loan in Nagpur can be an ideal solution to manage these expenses with ease.Shriram Finance offers personal loans of up to ₹10,00,000/-*
Personal Loan Types in Nagpur
Shriram Finance provides a diverse array of options for a personal loan in Nagpur, designed to cater to various financial needs:
Features and Benefits of Personal Loan in Nagpur
Securing a personal loan in Nagpur with Shriram Finance ensures multiple advantages:
Collateral-free Loans
Quick Approval
Competitive Interest Rates
Flexible Repayment Options
Hassle-free Process
Timely Alerts
Personal Loan Interest Rates and Charges in Nagpur
Evaluating the costs associated with a personal loan in Nagpur is essential for prudent financial management. Shriram Finance offers competitive interest rates structured to be both reasonable and clear.
- Our rates start at 11%* p.a. , but may vary based on factors such as credit score, income level and repayment capacity. It is also important 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.
- Understanding these costs enables you to secure the right personal loan in Nagpur tailored to your needs. Trust Shriram Finance for reliable financial solutions.
| 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 crafted to provide financial accessibility while ensuring clarity throughout the lending process.
How to Use the Personal Loan EMI Calculator?
Streamlining your financial planning can be achieved through Shriram Finance EMI calculator. Input the required loan amount (up to ₹10,00,000/-*
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 Nagpur
To secure a personal loan from Shriram Finance in Nagpur, you must satisfy certain stipulated conditions:
Eligibility Criteria:- Nationality: Must be an Indian resident.
- 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.
- Age: Applicants should be between 21* to 60* years old (on loan closure).
- Required Documents:
- Identity Proof:
- Driving license
- PAN card
- Voter ID
- Passport
- Address Proof:
- Gas Bill with gas book
- Driving license
- Passport
- Other Documents:
- Bank statement for the last six months
- Recent passport-size colour photographs
- One cancelled Cheque and ACH form for the Electronic Clearing Mandate (eNACH)
- Income proof documents of the last 3 months
Step-by-Step Application Process for Personal Loan in Nagpur
Applying for a personal loan with Shriram Finance in Nagpur is intended to be an uncomplicated experience:
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 Nagpur
Shriram Finance branches in Nagpur are positioned to simplify loan applications and management. The locations are strategically chosen for optimal accessibility. For any assistance regarding your application, eligibility queries or repayment options, our knowledgeable staff is available to guide you through each step of the process. If an in-person visit is not possible, our website features an online branch locator for quick access to our nearest office.We aim to provide a seamless experience by merging convenience with exceptional customer service standards. Explore our branch/branches in Nagpur today and let us help you achieve your financial objectives. Key locations include:
Locate Us
Personal Loan Customer Care in Nagpur
For inquiries related to personal loan in Nagpur, Shriram Finance provides comprehensive customer support, accessible via telephone or at local branches for tailored assistance.
Personal Loan Status in Nagpur
For real-time updates on your personal loan application, follow these steps:
- Track via Website: Log in to the Shriram Finance portal, access the loan status page and enter your application number for immediate progress details.
- Connect via Helpline: Reach out to our customer care team for personalised assistance and clarifications on your application status.
Shriram Finance is committed to a transparent and efficient loan process. Competitive rates, flexible terms and reliable support ensure a seamless experience from application to disbursal.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Nagpur?
To qualify for a personal loan in Nagpur from Shriram Finance, you must be an Indian resident aged between 21* to 60* years at the time of loan closure. Additionally, you will need to provide valid identity and address proof, income documentation for the last three months and bank statements for the preceding six months.
What is the interest rate on a personal loan in Nagpur?
The interest rates for a personal loan in Nagpur from Shriram Finance start at 11%* p.a. , which may vary based on factors such as your credit score, income level and repayment capacity.
Is a personal loan in Nagpur unsecured?
Yes, a personal loan in Nagpur offered by Shriram Finance is unsecured, meaning it does not require any collateral. However, having a strong credit score is essential for approval.
Can I prepay or foreclose my personal loan in Nagpur?
Yes, you can prepay or foreclose your personal loan in Nagpur with Shriram Finance. However, prepayment charges may apply according to the terms specified in your loan agreement.
Can I apply for a personal loan online in Nagpur?
Yes, you can conveniently apply for a personal loan online through the Shriram Finance website. The process is designed for ease of use, allowing you to complete your application from home.
How can I check the status of my personal loan application in Nagpur?
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 Nagpur?
The minimum income requirement varies based on the loan amount and individual eligibility criteria. Generally, applicants should demonstrate adequate income to meet their repayment obligations.
Are there any hidden charges for a personal loan in Nagpur?
Shriram Finance is committed to transparency; therefore, there are no hidden charges associated with our personal loan. 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.