- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications5
Personal Loan in Patiala
Patiala is known for its rich culture where many residents often find themselves needing financial support at some point during their lives. Shriram Finance recognises how important it is for individuals to have access to personal loans that aid in managing life challenges effectively. Shriram Finance offers various personal loan options tailored for Patiala residents! Whether it funding educational costs or covering unexpected medical bills, Shriram Finance stands ready to assist you every step of the way! With quick approvals and competitive interest rates available obtaining funds becomes simple! Shriram Personal Loans do not require collateral; this allows you to borrow up to ₹10,00,000/-*
Personal Loan Types in Patiala
Shriram Finance offers a variety of options for a personal loan in Patiala to cater to different needs:
Features and Benefits of Personal Loan in Patiala
Opting for Shriram Finance for a personal loan in Patiala provides several benefits:
Flexible Repayment Options
Collateral-free Loans
Competitive Interest Rates
Quick Approval
Seamless Experience
Regular Reminders
Personal Loan Interest Rates and Charges in Patiala
Recognizing the costs associated with a personal loan in Patiala is vital for making sound financial choices. Shriram Finance offers competitive interest rates that are both affordable and clear.
- Starting rates begin at 11%* p.a. but may fluctuate based on factors such as your credit score, income level, and repayment capacity. Additionally, it important to account for other potential charges like processing fees and prepayment penalties. The company emphasizes transparent communication during the application process, so borrowers understand all aspects of their loans.
- Understanding these costs can help individuals plan their finances effectively and select the appropriate personal loan in Patiala. With Shriram Finance, navigating financial challenges becomes easier, enabling residents to achieve their aspirations confidently.
| 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
Effective financial planning requires access to appropriate tools. One such tool is the personal loan EMI calculator from Shriram Finance. This resource helps individuals understand their financial obligations better. Using it is straightforward and user-friendly. Enter the necessary loan amount, applicable interest rate, and tenure into the calculator. After providing these details, you will receive an estimate of monthly instalments due. This information aids in determining how much needs to be budgeted each month for repayments. Having a clear picture of your EMI can guide sound borrowing choices. By utilizing Shriram Finance's personal loan EMI calculator, you can take important steps toward achieving your financial aspirations confidently.
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 Patiala
To qualify for a personal loan in Patiala 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 Patiala
Applying for a personal loan in Patiala 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 Patiala
Shriram Finance offers personal loan services in Patiala, emphasising simplified application and management processes. Our presence ensures convenient access to financial solutions for residents seeking personal loans. For assistance with loan applications, inquiries about eligibility, or understanding repayment options, Shriram Finance is here to guide customers every step of the way. A personal visit allows for tailored support that ensures a smooth borrowing journey. If visiting a branch isnt feasible, customers can use an online branch locator tool available on the website to find their nearest Shriram Finance location quickly.The objective is to deliver a seamless experience by merging easy access with high-quality customer service. The intention is to make borrowing simple and transparent for everyone in Patiala. Stop by your nearest branch today and begin working toward your financial aspirations!
Locate Us
Personal Loan Customer Care in Patiala
For inquiries or assistance concerning a personal loan in Patiala, Shriram Finance has dedicated customer care services available. Reach out through phone or visit any branch for personalized support.
Personal Loan Status in Patiala
To check on the status of a personal loan application with Shriram Finance, there are quick ways available for updates.
- Visit Our Website: Navigate to the official Shriram Finance website and find the loan status section. Enter your application reference number for real-time updates on your loan progresskeeping you informed effortlessly.
- Contact Customer Care: If direct communication is preferred, reach out to our dedicated customer care team who will assist you further. They can provide accurate information about your loan application's status as well as address any queries.
Shriram Finance aims at providing a seamless borrowing experience free from stress. By opting for this service, customers benefit from competitive interest rates along with flexible repayment options and outstanding customer support throughout their journey! Track that application today!
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Patiala?
To be eligible for a Shriram Finance personal loan in Patiala, applicants should be Indian residents aged 21* to 60* years at loan conclusion. Essential documents include valid ID proof, address verification, three months' income proof, and six-month bank statement history.
What is the interest rate on a personal loan in Patiala?
For Patiala residents, Shriram Finance personal loan rates begin at 11%* p.a. The final interest rate is determined by examining credit scores, income levels, and repayment ability.
Are personal loan in Patiala unsecured?
Shriram Finance personal loans in Patiala are provided without collateral requirements. Nevertheless, a healthy credit score remains essential for approval.
Can I prepay or foreclose my personal loan in Patiala?
Shriram Finance allows customers to settle their Patiala personal loan before the full term. Certain charges may apply as outlined in the loan agreement.
Can I apply for a personal loan online in Patiala?
Yes, Patiala residents can access Shriram Finance's digital platform for loan applications. Their online system facilitates complete application submission remotely.
How can I check the status of my personal loan application in Patiala?
You can verify your application status on Shriram Finance's website using your reference number. Their customer care team can also provide status updates.
What is the minimum income required for a personal loan in Patiala?
Income criteria vary according to loan amount and individual eligibility facto Each application is assessed based on repayment capability.
Are there any hidden charges for personal loan in Patiala?
Shriram Finance operates with full transparency; no hidden charges exist. All applicable fees are clearly communicated during processing.
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.