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Personal Loan in Patan
Patan is a significant tourist destination and an emerging economic centre making continuous strides with a growing number of small businesses and industries. With its local economy thriving, residents are increasingly seeking financial solutions to support their dreams and manage unexpected expenses. At Shriram Finance, we recognise the unique financial challenges faced by the people of Patan. Our personal loan in Patan is designed to provide quick and easy access to funds for various purposes, whether you wish to pursue higher education, cover medical emergencies, or even start a small business. Shriram Personal Loan aims to make borrowing hassle-free and access to funds a reality. With affordable interest rates and flexible repayment schedules, you can trust Shriram Finance to help you navigate your financial journey and achieve your aspirations in Patan.
Personal Loan Types in Patan
Shriram Finance provides a diverse range of personal loan options in Patan, all of which are tailored to meet your specific needs:
Features and Benefits of Personal Loans in Patan
Opting for a personal loan from Shriram Finance in Patan comes with several benefits, some of which we have discussed below:
Unsecured Loans
Fast Processing
Flexible Repayment Options
Competitive Interest Rates
Digital Convenience
Payment Notifications
Personal Loan Interest Rates and Charges in Patan
It important to understand the costs associated with personal loans in Patan to make informed borrowing decisions. Shriram Finance offers competitive rates helping you manage your EMIs and overall interest outgo:
| Type of Fees | Applicable Charges |
|---|---|
| Interest Rate | Starting from 11%* p.a. |
| Processing Fees | Up to 5%* |
| Prepayment Charges | Up to 5%* |
| Late Payment Fees | 36%* p.a. |
These charges are structured to ensure transparency and affordability.
How to Use the Personal Loan EMI Calculator
To effectively plan your finances, take advantage of the personal loan EMI calculator offered by Shriram Finance. Simply enter the loan amount, interest rate, and tenure to calculate your monthly payments. This tool empowers you to make informed borrowing decisions.
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 Patan
Ensure that you meet the following criteria to be eligible for Shriram Personal Loan:
Eligibility Criteria:- Nationality: Must be an Indian citizen.
- Employment Status: Employed individuals with reputable companies or self-employed professionals.
- Credit Score: A minimum score of 700 is preferred.
- Age: Applicants should be aged between 21* to 60* years (at loan closure).
- Income: Minimum income requirements vary depending on the requested loan amount.
- Required Documents:
- Identity Proof
- Passport
- Driving License
- Voter ID
- PAN Card
- Address Proof
- Passport
- Driving License
- Utility Bill (like a gas bill)
- Other Documents
- Recent passport-size photographs
- Income proof documents for the last three months
- Bank statements for the last six months
- One cancelled cheque along with an ACH form for Electronic Clearing Mandate (eNACH)
Step-by-Step Application Process for Personal Loan in Patan
Applying for a personal loan in Patan with Shriram Finance is simple and consists of the following steps:
Step 1
Visit our official website or head to the branch nearest to you.Step 2
Fill out the online application form with the necessary details.Step 3
Submit required documents for verification.Step 4
Await approval, which is generally quick.Step 5
Once approved, funds will be directly credited to your bank account.
Our Personal Loan Branches in Patan
Shriram Finance has several branches across Patan, making it easy for customers looking to apply or manage their loans. Key locations include:
Locate Us
Personal Loan Customer Care in Patan
Shriram Finance offers dedicated customer care services that help with resolving your queries in no time. You can reach out via phone or visit any branch for personalised support.
Personal Loan Status in Patan
Visit our website and enter your application reference number to check the status of your personal loan application. You can also contact customer care for real-time updates on your application status.
Shriram Finance makes your personal loan application process a breeze and helps you access funds quickly to meet your financial needs in Patan.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Patan?
Shriram Finance has a few criteria that prospective borrowers must adhere to for a personal loan in Patan. You need to be an Indian resident aged of at least 21* to 60* years at the time of loan closure. Valid identity and address proof, along with income documentation from the last three months and bank statements from the previous six months, are also required.
What is the interest rate on a personal loan in Patan?
The interest rates for Shriram Personal Loan in Patan are from 11%* p.a. These rates may vary based on various factors such as your credit score, income level, and repayment capacity.
Are personal loans in Patan unsecured?
Yes, personal loans provided by Shriram Finance in Patan are usually unsecured, which means no collateral is required to apply for the loan. However, maintaining a good credit score is crucial for enhancing your chances of approval.
Can I prepay or foreclose my personal loan in Patan?
Yes, you have the option to prepay or close your personal loan with Shriram Finance in Patan. However, you must be aware of the foreclosure or prepayment charges before moving ahead.
Can I apply for a personal loan online in Patan?
Yes, you can easily apply for a personal loan through the Shriram Finance website or Shriram One mobile app. The process is designed to be straightforward so that you can complete your application from the comfort of your home.
How can I check the status of my personal loan application in Patan?
To check your personal loan application status, visit our website and enter your application reference number. You can also contact customer care for updates regarding your application.
What is the minimum income required for a personal loan in Patan?
The minimum income requirement varies depending on the requested loan amount and individual eligibility criteria. Generally, applicants should be able to demonstrate sufficient income to comfortably meet their repayment obligations.
Are there any hidden charges for personal loans in Patan?
All applicable fees will be clearly communicated during the loan application process as Shriram Finance values transparency.
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.