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Personal Loan in Rourkela
In Rourkela, the industrial heartland of Odisha, residents often seek reliable financial solutions to support their evolving needs. If you're looking for a personal loan in Rourkela, Shriram Finance offers a way to manage different expenses that may arise. From covering unforeseen medical emergencies to funding higher education, home improvements or a dream wedding, a personal loan can provide the necessary support. Shriram Finance offers attractive interest rates, beginning at just 11%* p.a. , making borrowing affordable. You can borrow up to ₹10,00,000/-* without needing to provide any security, making the process straightforward. Flexible repayment options, ranging from 12 to 60 months, allow you to choose a plan that suits your budget. The online application process is designed to be simple and accessible, enabling you to apply from anywhere without the burden of complex paperwork. Upon approval, the loan amount is disbursed quickly, ensuring you receive the funds when you need them. We will also send reminders regarding your EMI Payments through email and SMS alerts so that you never miss out on payments.
Personal Loan Types in Rourkela
Shriram Finance offers a variety of options for a personal loan in Rourkela to cater to different needs:
Features and Benefits of Personal Loan in Rourkela
Choosing Shriram Finance for your personal loan in Rourkela 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 Rourkela
If you're considering a personal loan in Rourkela, it's vital to be aware of the applicable interest rates and any associated charges. Shriram Finance aims to offer competitive interest rates, beginning at 11%* p.a.
- The actual interest rate you receive will depend on your individual circumstances, including your credit history, income, and ability to repay the loan. Be sure to ask about any potential processing fees as well as prepayment and foreclosure charges.
- Shriram Finance is committed to clear and transparent practices, ensuring that all charges are fully disclosed.
| 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
Working out your loan repayments is easy with a personal loan EMI calculator. Shriram Finance online calculator lets you compare various repayment options so that you can select the one that best suits your needs.Just type in the loan amount, the interest rate, and the repayment period. Once these details are entered, the calculator will quickly calculate your EMI for you. It also provides a detailed breakdown of the total interest payable over the term of the loan, which can help you to budget effectively.
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 Rourkela
To qualify for a personal loan in Rourkela 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 Rourkela
Applying for a personal loan in Rourkela 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 Rourkela
Shriram Finance is dedicated to ensuring a transparent and streamlined personal loan process in Rourkela. Our helpful team at the local branch are ready to answer any queries you may have and guide you through the entire application process. We can also assist you in selecting the most suitable borrowing option, tailored to your specific requirements. We encourage you to visit our Rourkela branch for one-on-one support. To locate the branch nearest to you, please use our convenient online branch locator. Your financial goals are within reach. Visit your nearest branch to get started.
Locate Us
Personal Loan Customer Care in Rourkela
For those residing in Rourkela who require help with their Shriram Finance personal loan, our customer support team is available to provide assistance. You can contact us by phone or visit your local branch for tailored guidance and support.
Personal Loan Status in Rourkela
Shriram Finance makes it easy to track your personal loan application status in Rourkela. You can check your status through these methods:
- Talk to Us: Contact our support team for detailed assistance regarding your loan application.
- Go to Our Website: Enter your reference number on the Shriram Finance website to get real-time updates.
Getting a personal loan in Rourkela is simple and convenient with Shriram Finance.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Rourkela?
To be eligible, applicants must be Indian residents aged between 21* to 60* years at loan closure. They must provide valid identity and address proof, along with income proof and bank statements for the last six months.
What is the interest rate on a personal loan in Rourkela?
Shriram Finance offers personal loans with interest rates starting at 11%* p.a. , depending on creditworthiness and repayment capacity.
Is a personal loan in Rourkela unsecured?
Yes, Shriram Finance offers unsecured personal loans, meaning no collateral is required. A strong credit score increases approval chances.
Can I prepay or foreclose my personal loan in Rourkela?
Yes, you can prepay or foreclose your personal loan. However, prepayment charges may apply as per the loan agreement.
Can I apply for a personal loan online in Rourkela?
Yes, you can apply online through the Shriram Finance website, making the process quick and convenient.
How can I check the status of my personal loan application in Rourkela?
You can check your loan status online by entering your reference number on the Shriram Finance website. Alternatively, you may contact customer support for updates.
What is the minimum income required for a personal loan in Rourkela?
The income requirement varies based on the loan amount. Applicants must demonstrate sufficient earnings to ensure timely repayments.
Are there any hidden charges for a personal loan in Rourkela?
Shriram Finance maintains transparency in all charges, ensuring there are no hidden costs. All applicable fees are communicated 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.