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Personal Loan in Patna
Patna, the historical and economic heart of Bihar, is a rapidly developing city with growing business and educational opportunities. With the rising cost of living and unexpected expenses, having access to the right financial support is essential. A personal loan in Patna from Shriram Finance helps you manage expenses for weddings, medical emergencies, education, home renovations, and more with ease. Our personal loans are unsecured, meaning no collateral is required. You can borrow up to ₹10,00,000/-*
Personal Loan Types in Patna
Shriram Finance offers diverse personal loan options in Patna to cater to different needs:
Features and Benefits of Personal Loan in Patna
Securing a personal loan in Patna 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 Patna
Evaluating the costs associated with a personal loan in Patna 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 Patna 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?
Effectively managing your finances can significantly improve your overall financial health, and having the right tools is essential. One fantastic tool we provide at Shriram Finance is our personal loan EMI calculator. Using it is incredibly simple! Just enter the amount you wish to borrow, the interest rate, and the duration of the loan. Once youve filled in these details, the calculator will quickly generate an estimate of your monthly repayments. This information is invaluable as it gives you a precise idea of what your monthly payments will be, making budgeting much easier. By understanding your EMI, you empower yourself to make informed decisions about your borrowing options. If you have any questions or need assistance while using the calculator, please feel free to reach outwe're here to support you every step of the way.
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 Patna
To secure a personal loan from Shriram Finance in Patna, 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 last 3 months
Step-by-Step Application Process for Personal Loan in Patna
Applying for a personal loan with Shriram Finance in Patna 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 Patna
At Shriram Finance, weve made it incredibly easy for you to apply for and manage your personal loans, thanks to our many branches located throughout Patna. We understand how vital it is for you to have convenient access to our services, which is why weve strategically placed our branches in key areas of the town. If you need assistance with your loan application, have questions about eligibility, or want to discuss repayment options, our friendly team is here to help you every step of the way. We invite you to visit us for personalised service that guarantees a hassle-free borrowing experience. Cant make it to a branch? No worries! Our website features an online branch locator tool that makes it simple to find the nearest Shriram Finance branch. Our aim is to provide a seamless experience that combines accessibility with outstanding customer service. We are dedicated to making the borrowing process as straightforward and stress-free as possible for everyone in Patna. So why not stop by your nearest branch today? Let us assist you on your journey towards achieving your financial goals!
Locate Us
Personal Loan Customer Care in Patna
For inquiries related to personal loan in Patna, Shriram Finance provides comprehensive customer support, accessible via telephone or at local branches for tailored assistance.
Personal Loan Status in Patna
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
1. What are the eligibility criteria for a personal loan in Patna?
To qualify for a personal loan in Patna 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.
2. What is the interest rate on a personal loan in Patna?
The interest rates for a personal loan in Patna from Shriram Finance start at 11%* p.a. , which may vary based on factors such as your credit score, income level, and repayment capacity.
3. Is a personal loan in Patna unsecured?
Yes, a personal loan in Patna offered by Shriram Finance is unsecured, meaning it does not require any collateral. However, having a strong credit score is essential for approval.
4. Can I prepay or foreclose my personal loan in Patna?
Yes, you can prepay or foreclose your personal loan in Patna with Shriram Finance. However, prepayment charges may apply according to the terms specified in your loan agreement.
5. Can I apply for a personal loan online in Patna?
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.
6. How can I check the status of my personal loan application in Patna?
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.
7. What is the minimum income required for a personal loan in Patna?
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.
8. Are there any hidden charges for a personal loan in Patna?
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.