- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications5
Terms and Conditions
Personal Loan in Rajamahendravaram
Rajamahendravaram, a historic city, is known for its growing economic opportunities. Residents of this city may find themselves needing access to financial resources for a variety of reasons. A personal loan in Rajamahendravaram can be a useful tool for managing expenses. This type of loan covers unforeseen events like medical emergencies, as well as planned expenditures such as higher education, home improvements, or weddings. Shriram Finance offers personal loans with competitive interest rates, making borrowing affordable. You can borrow up to âı10,00,000/- without needing to provide any collateral, as these are unsecured loans. Flexible repayment periods, from 12 to 60 months, allow you to select a plan that fits your budget. Applying online is convenient and can be done from anywhere, eliminating the need for extensive paperwork. Upon approval, the loan amount is disbursed quickly, ensuring you have the funds you need promptly. Shriram Finance simplifies repayment with EMI reminders, helping you avoid missed payments.
Personal Loan Types in Rajamahendravaram
Shriram Finance offers a variety of options for a personal loan in Rajamahendravaram to cater to different needs:
Features and Benefits of Personal Loan in Rajamahendravaram
Choosing Shriram Finance for your personal loan in Rajamahendravaram comes with several advantages:
Quick Approval
Collateral-free Loans
Competitive Interest Rates
Flexible Repayment Options
Regular Reminders
Seamless Experience
Personal Loan Interest Rates and Charges in Rajamahendravaram
Before availing a personal loan in Rajamahendravaram, it important to understand the applicable interest rates and charges. Shriram Finance offers competitive interest rates starting at 11%* p.a.âŻ
- The final interest rate is determined based on factors such as credit score, income, and repayment capacity. Additionally, processing fees, prepayment penalties, and foreclosure charges may apply.
- All charges are clearly communicated upfront, ensuring complete transparency.
| 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
A personal loan EMI calculator helps you plan your repayments effectively. With Shriram Finance online calculator, you can compare different repayment options and choose the most suitable one. To get started, simply enter the loan amount, interest rate, and tenure, and the tool will instantly calculate your EMI. It also provides a detailed breakdown of the total interest payable, making it easier to budget your finances.
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 Rajamahendravaram
To qualify for a personal loan in Rajamahendravaram from Shriram Finance, make sure 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 Rajamahendravaram
Applying for a personal loan in Rajamahendravaram 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 Rajamahendravaram
Shriram Finance ensures a smooth and transparent personal loan process in Rajamahendravaram. Our team is available at the branch to assist you with any queries, guide you through the loan application. We can help you choose the most suitable borrowing option. You can visit our branch for personalised support or use our online branch locator to find the nearest one. We are committed to making your loan journey simple and hassle-free.
Locate Us
Personal Loan Customer Care in Rajamahendravaram
Need help with your personal loan in Rajamahendravaram? Shriram Finance's customer support team is ready to assist you. Reach out by phone or visit a branch for one-on-one guidance. We can address any questions you have about your application, repayments, or other loan-related matte
Personal Loan Status in Rajamahendravaram
Stay updated on your personal loan application status in Rajamahendravaram with Shriram Finance. We offer two convenient methods for tracking your loan:
- Online Tracking: Use your reference number on the Shriram Finance website to get instant updates.
- Personalised Support: Contact our customer service team for detailed information.
We ensure a transparent and seamless experience, keeping you informed at every stage.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Rajamahendravaram?
To qualify, you need to be a resident Indian between 21* to 60* years old by the end of the loan term. You'll also need to provide acceptable proof of identity and address, as well as income verification and bank statements covering the previous six months.
What is the interest rate on a personal loan in Rajamahendravaram?
Shriram Finance personal loan interest rates begin at 11%* p.a.âŻ, but the specific rate you receive will depend on your credit history and ability to repay the loan.
Is a personal loan in Rajamahendravaram unsecured?
Shriram Finance provides personal loans without requiring collateral. Having a good credit score can improve your chances of being approved.
Can I prepay or foreclose my personal loan in Rajamahendravaram?
Yes, you have the option to prepay or foreclose on your loan. However, it's important to be aware that prepayment fees might be applicable, as outlined in your loan agreement.
Can I apply for a personal loan online in Rajamahendravaram?
Yes, applying for a personal loan through the Shriram Finance website is a fast and convenient way to get started.
How can I check the status of my personal loan application in Rajamahendravaram?
You can track your loan application's progress online by entering your reference number on the Shriram Finance website, or by contacting customer support for assistance.
What is the minimum income required for a personal loan in Rajamahendravaram?
The required minimum income will vary depending on the loan amount you're seeking. You'll need to demonstrate that you have sufficient income to comfortably make your loan repayments.
Are there any hidden charges for a personal loan in Rajamahendravaram?
Shriram Finance is committed to clear and transparent communication regarding all fees and charges, so you can be confident that there are no hidden costs. All applicable fees will be disclosed 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.