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Personal Loan in Ranchi
Ranchi, the capital of Jharkhand, sometimes calls for a little extra financial support. A personal loan in Ranchi can be a great way to manage various expenses that life throws your way. Whether it an unexpected medical bill, helping with education costs, or finally getting round to those home improvements, we can help.At Shriram Finance, we understand that having access to funds when you need them is essential. That's why we offer personal loans with competitive interest rates, starting from just 11%* p.a. You can borrow up to ₹10,00,000/-* without needing to secure the loan against any of your assets. Choose a repayment period that suits you, from 12 to 60 months.Applying is straightforward and can be done online from the comfort of your home, minimising the need for paperwork. Once approved, the funds are disbursed quickly into your account.We also send regular EMI reminders to your registered mobile and email, so you dont need to worry about missing a payment. Discover the flexible options for a personal loan in Ranchi that you need with a straightforward and transparent process.
Personal Loan Types in Ranchi
Shriram Finance offers a variety of options for a personal loan in Ranchi to cater to different needs:
Features and Benefits of Personal Loan in Ranchi
Choosing Shriram Finance for your personal loan in Ranchi comes with several advantages:
Quick Approval
Collateral-free Loans
Competitive Interest Rates
Regular Reminders
Seamless Experience
Flexible Repayment Options
Personal Loan Interest Rates and Charges in Ranchi
Before applying for a personal loan in Ranchi, it's crucial to understand the associated interest rates and charges. At Shriram Finance, we aim to provide competitive interest rates, starting from 11%* p.a.
- The interest rate you're offered will be determined by factors such as your credit history, income, and repayment capacity. Be sure to ask about any potential processing fees and charges for prepaying or foreclosing the loan.
- We are committed to complete transparency, so all applicable charges will be clearly communicated to you from the start.
| 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
Planning your loan repayments is straightforward with a personal loan EMI calculator. Shriram Finance's online calculator allows you to compare different repayment options so you can choose the one that suits you best. Simply enter the loan amount you're considering, the interest rate, and the repayment period, and the tool will quickly calculate your EMI payments. You'll also get a detailed summary of the total interest you'll pay over the loan's term, which helps with budgeting.
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 Ranchi
To qualify for a personal loan in Ranchi 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 Ranchi
Applying for a personal loan in Ranchi 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 Ranchi
Shriram Finance is dedicated to providing a straightforward and transparent personal loan process in Ranchi. Our friendly branch team is on hand to answer your questions and guide you through every step of the application. We can also help you find the most feasible option to suit your needs. For personalised assistance, visit our Ranchi branch. To find your nearest branch use our online branch locator. We are committed to making your loan experience as simple and stress-free as possible. Start your journey towards financial success by visiting your nearest branch today!
Locate Us
Personal Loan Customer Care in Ranchi
If you reside in Ranchi and require assistance with your personal loan, our customer support team are ready to help. You can contact us by telephone or visit one of our branches for tailored guidance.
Personal Loan Status in Ranchi
Tracking your personal loan application status in Ranchi is simple with Shriram Finance. You can check your loan status through the following options:
- Online Tracking: Visit the Shriram Finance website and enter your reference number to get real-time updates.
- Customer Support: Reach out to our support team for personalised assistance regarding your application status.
We prioritise transparency, ensuring you stay informed throughout the process.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Ranchi?
To be eligible, you must be a resident Indian, aged between 21* to 60* years at the time of loan closure. You will also need to provide valid proof of identity and address, income documentation, and bank statements for the last six months.
What is the interest rate on a personal loan in Ranchi?
Shriram Finance offers personal loans with interest rates starting from 11%* p.a. However, the specific interest rate offered to you will be based on factors like your credit score and your ability to repay the loan.
Is a personal loan in Ranchi unsecured?
Yes, Shriram Finance provides unsecured personal loans, which means you don't need to provide any collateral. Having a good credit score can increase your chances of being approved.
Can I prepay or foreclose my personal loan in Ranchi?
Yes, you have the option to prepay or foreclose on your personal loan. However, please be aware that prepayment charges may be applicable, as detailed in your loan agreement.
Can I apply for a personal loan online in Ranchi?
Yes, you can easily apply for a personal loan online through the Shriram Finance website, making the application process quick and convenient.
How can I check the status of my personal loan application in Ranchi?
You can track your application status by contacting customer support for updates or by visiting the official Shriram Finance website.
What is the minimum income required for a personal loan in Ranchi?
The required income level will vary depending on the loan amount you are seeking. However, you must demonstrate that you have sufficient income to comfortably manage your repayments.
Are there any hidden charges for a personal loan in Ranchi?
No, Shriram Finance is committed to transparency, and all applicable charges will be clearly communicated to you upfront 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.