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Personal Loan in Nanded
Nanded, a city known for its religious significance and growing infrastructure, often presents financial requirements for various personal and professional goals. Whether it is managing wedding expenses, funding higher education, or handling unforeseen medical costs, having access to timely funds can make a difference. A personal loan in Nanded serves as a convenient financial solution to meet such needs.Shriram Finance extends personal loans of up to âı10,00,000/-*
Personal Loan Types in Nanded
Shriram Finance offers an extensive selection of options for a personal loan in Nanded, designed to cater to various financial needs:
Features and Benefits of Personal Loan in Nanded
Choosing Shriram Finance for your personal loan in Nanded comes with numerous advantages:
Quick Approval
Flexible Repayment Options
Collateral-free Loans
Competitive Interest Rates
Seamless Experience
Regular Reminders
Personal Loan Interest Rates and Charges in Nanded
Understanding the costs associated with a personal loan in Nanded is essential for prudent financial management. At Shriram Finance, we provide competitive interest rates starting at 11%* p.a.âŻ, which may vary depending on individual circumstances such as credit history and income levels.
- It is also crucial to consider additional charges like processing fees and penalties for early repayment; we ensure transparency throughout so that you're fully aware of what lies ahead.
- Grasping these costs will enable you to choose the right personal loan in Nanded that aligns with your financial goals. Rely on Shriram Finance for trustworthy assistance.
| 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 rates are designed to provide financial relief while ensuring clear terms throughout the lending experience.
How to Use the Personal Loan EMI Calculator?
Optimise your financial strategy with the Shriram Finance EMI calculator effectively. Enter the required loan amount (up to âı10,00,000/-*
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
âı 50,000
Interest Payable
âı 3,029
Monthly EMI
âı 4,419
Eligibility and Documentation Criteria for Personal Loan in Nanded
To qualify for a personal loan from Shriram Finance in Nanded, you must satisfy specific eligibility conditions:
Eligibility Criteria:- Age: Applicants should be between 21* to 60* years old (on loan closure).
- Employment status: Salaried individuals employed with reputable organisations or self-employed professionals.
- Credit score: A minimum score of 700 is preferred.
- Nationality: Must be an Indian resident.
- Income: Minimum monthly income requirement varies based on the loan amount.
- Required Documents:
- Identity Proof:
- Voter ID
- PAN card
- Driving license
- Passport
- Address Proof:
- Driving license
- Gas bill with gas book
- Passport
- 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 Nanded
The application procedure for securing a personal loan with Shriram Finance in Nanded is intended to be straightforward and efficient:
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 Nanded
Shriram Finance operates multiple branches across India to simplify the process of applying for personal loan. Our 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 feasible, 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 branches in Nanded today and let us help you achieve your financial objectives. Key locations include:
Locate Us
Personal Loan Customer Care in Nanded
For assistance or questions regarding personal loan in Nanded, Shriram Finance offers comprehensive customer support accessible via telephone or by visiting their branches.
Personal Loan Status in Nanded
To monitor the status of your personal loan application, Shriram Finance offers effective tracking methods:
- Check Your Application Status Online: Visit the official Shriram Finance website, navigate to the loan status section, and enter your application reference number for immediate updates about its progress.
- Contact Our Customer Care Team: If you prefer speaking directly with someone, our customer care representatives are ready to assist by providing accurate information about the status of your application and addressing any concerns.
Our priority is to ensure a smooth borrowing experience throughout the entire process. With competitive rates and dedicated support, managing your application becomes effortless.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Nanded?
To qualify for a personal loan in Nanded 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 Nanded?
The interest rates for a personal loan in Nanded from Shriram Finance start at 11%* p.a.âŻ, which may vary based on factors such as your credit score, income level, and repayment capacity.
Is a personal loan in Nanded unsecured?
Yes, a personal loan in Nanded 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 Nanded?
Yes, you can prepay or foreclose your personal loan in Nanded 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 Nanded?
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 Nanded?
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 Nanded?
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 Nanded?
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.