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Personal Loan in Prayagraj
At Shriram Finance, we understand that even in a peaceful place like Prayagraj, financial needs can arise unexpectedly. That's why we offer a personal loan in Prayagraj to lend a helping hand.Our loans are unsecuredmeaning you can borrow up to ₹10,00,000/-* without needing to provide any collateral. With flexible repayment terms ranging from 12 to 60 months, you have the freedom to select what best fits your financial situation.Applying for a personal loan in Prayagraj is straightforward! You can complete the entire process from the comfort of your home. Plus, well keep you on track with regular reminders about your EMI payments.If you have any questions, don't hesitate to reach out we're always happy to help!
Personal Loan Types in Prayagraj
Shriram Finance many options for a personal loan in Prayagraj to cater to different needs:
Features and Benefits of Personal Loan in Prayagraj
Choosing Shriram Finance for your personal loan in Prayagraj comes with several advantages:
Seamless Experience
Collateral-free Loans
Quick Disbursal
Regular Reminders
Competitive Interest Rates
Flexible Repayment Options
Personal Loan Interest Rates and Charges in Prayagraj
Understanding personal loan costs in Prayagraj is essential. Interest rates start at 11%* p.a. and vary based on factors such as credit score, income and your repayment ability. Remember to consider processing fees and early repayment penalties. Knowing these costs helps you make an informed decision.
| 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
Shriram Finance offers a personal loan EMI calculator to help you understand your financial commitments. This user-friendly tool estimates your monthly repayments by simply entering the loan amount, interest rate, and loan duration. Use the EMI calculator to take proactive steps toward your financial goals
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 Prayagraj
To qualify for a personal loan in Prayagraj 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 Prayagraj
Applying for a personal loan in Prayagraj 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 usually takes less than 24 houStep 5
Upon approval, funds will be disbursed directly to your bank account.
Our Personal Loan Branches in Prayagraj
Applying for and managing personal loans in Prayagraj is straightforward with Shriram Finance. Visit our branches for assistance with loan applications, eligibility, and repayment options. Our team offers personalised service for a hassle-free experience. Find the nearest branch using our online locator. Let us help you achieve your financial aspirations!
Locate Us
Personal Loan Customer Care in Prayagraj
For any inquiries or assistance regarding a personal loan in Prayagraj, Shriram Finance offers dedicated customer care services. You can reach out via phone or visit any branch for personalised support.
Personal Loan Status in Prayagraj
To monitor your Shriram Finance personal loan application status:
- Contact Customer Care: Speak with a loan officer.
- Visit a Branch: Enquire at your nearest Shriram Finance branch.
There is no online method to track the loan status on Shriram Finance website
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Prayagraj?
To qualify for a personal loan from Shriram Finance in Prayagraj, you need to be a resident Indian aged between 21* to 60* years at the time your loan is closed. Additionally, you'll need to provide valid proof of identity and address, along with income documentation for the past three months and bank statements for the last six months.
What is the interest rate on a personal loan in Prayagraj?
At Shriram Finance, the interest rates for personal loans in Prayagraj start at 11%* p.a. However, these rates may vary based on various factors, including your credit score, income level, and repayment capacity.
Are personal loan in Prayagraj unsecured?
Absolutely! The personal loans provided by Shriram Finance in Prayagraj are unsecured, meaning you wont need to put up any collateral. However, it important to maintain a good credit score to enhance your chances of approval.
Can I prepay or foreclose my personal loan in Prayagraj?
Yes, you can certainly prepay or foreclose your personal loan with Shriram Finance in Prayagraj. Just keep in mind that prepayment charges may apply as outlined in your loan agreement.
Can I apply for a personal loan online in Prayagraj?
Yes, you can easily apply for a personal loan online through the Shriram Finance website. The process is streamlined for convenience, allowing you to complete your application from home.
How can I check the status of my personal loan application in Prayagraj?
To find out the status of your personal loan application, simply head over to the Shriram Finance website and enter your application reference number in the designated section. If youd rather speak to someone directly, our customer care team is always available to provide you with updates and answer any questions you may have.
What is the minimum income required for a personal loan in Prayagraj?
The minimum income needed varies based on the loan amount and your eligibility. You'll need to show a stable income that allows comfortable repayments.
Are there any hidden charges for personal loan in Prayagraj?
No, Shriram Finance prioritises transparency. All applicable fees 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.