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Personal Loan in Surat
Located in the heart of Gujarat, Surat is a city full of history and culture, famous for its lively markets and beautiful scenery. Surat is not just a centre for trade but also a place where people dreams can flourish. Whether you need to pay for a family celebration, handle urgent medical bills, or renovate your home, having quick access to funds can really make a difference.This is where a Personal Loan in Surat from Shriram Finance comes in handy. With loans available for amounts up to ₹10,00,000/-*
Personal Loan Types in Surat
When considering a Personal Loan in Surat, it important to understand the various options available. Shriram Finance offers several types of loans tailored to meet different financial needs:
Features and Benefits of Personal Loan in Surat
Choosing a Personal Loan in Surat from Shriram Finance comes with numerous advantages:
Quick Approval Process
Flexible Repayment Options
Seamless Experience
Collateral-free Loans
Competitive Interest Rates
Regular Reminders
Personal Loan Interest Rates and Charges in Surat
Making informed financial decisions requires understanding the costs associated with a Personal Loan in Surat. Shriram Finance offers competitive interest rates that are easy to understand.
- While rates start at 11%* p.a. *, they may vary based on factors such as your credit score, income level, and repayment capacity. This means that your individual financial profile will influence the rate you receive.
- It's also essential to be aware of potential charges, such as processing fees (which can be up to 3% of the loan amount) and any penalties if you decide to pay off your loan early. Shriram Finance aims to provide clear communication throughout the application process so that you know exactly what to expect.
- By understanding these costs, you can better plan your finances and select the right personal loan in Surat. With Shriram Finance, you can confidently take steps toward achieving your financial goals.
| 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 provides an easy-to-use EMI calculator on their website. Here's how to use it:
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 Surat
To apply for a Personal Loan in Surat, certain eligibility criteria is important:
Eligibility Criteria:- Age: Applicants should be between 21* to 60* years old (on loan closure).
- Nationality: Must be an Indian resident.
- Income: The minimum monthly income requirement varies based on the loan amount.
- Employment Status: Salaried individuals employed with reputable organisations or self-employed professionals.
- Credit Score: A minimum score of 700 is preferred.
- 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 for 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 Surat
Applying for a personal loan in Surat 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 typically takes less than 24 houStep 5
Upon approval, funds will be disbursed directly to your bank account.
Our Personal Loan Branches in Surat
To make applying for and managing personal loans more convenient, Shriram Finance has established multiple branches throughout Surat. Recognising the importance of accessible services, these branches are strategically located in key areas across the city. A dedicated team is available to provide support at every stage, whether you need assistance with your loan application, have questions about eligibility, or require more information about repayment options. You can visit a branch in person for tailored guidance and a smooth borrowing experience. For those unable to visit in person, an online branch locator tool is available on the Shriram Finance website to help you quickly find the nearest branch. Shriram Finance aims to deliver an outstanding experience through accessible services and exceptional customer care, with the goal of making borrowing straightforward and transparent for everyone in Surat. Key locations include:
Locate Us
Personal Loan Customer Care in Surat
If you have any questions or need assistance regarding a personal loan in Surat, Shriram Finance provides dedicated customer care services. You can easily reach out by phone or visit any of our branches for personalised support.
Personal Loan Status in Surat
To check the status of your personal loan application with Shriram Finance, we offer simple and quick options to keep you informed. Here how you can track your application:
- Visit Our Website: Go to the official Shriram Finance site and navigate to the loan status section. Enter your application reference number to receive real-time updates on your loan's progress; this way, you'll stay informed without any hassle.
- Contact Customer Care: If you'd prefer speaking directly with someone, our dedicated customer care team is ready to assist you by providing accurate information about your loan application status and answering any questions you might have.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Surat?
To qualify for a personal loan in Surat from Shriram Finance, you must be an Indian resident aged between 21* to 60* years at the time of loan closure. Additionally, valid identity proof, address proof, income documentation from the last three months, and bank statements from the past six months are required.
What is the interest rate on a personal loan in Surat?
The interest rates for a personal loan in Surat from Shriram Finance start at 11%* p.a. , depending on various factors such as credit score, income level, and repayment capacity.
Are personal loans in Surat unsecured?
Yes, personal loans offered by Shriram Finance in Surat are unsecured loans; this means they do not require collateral but having a good credit score is essential for approval.
Can I prepay or foreclose my personal loan in Surat?
Yes, prepayment or foreclosure of your personal loan in Surat with Shriram Finance is possible; however, prepayment charges may apply according to terms outlined in the loan agreement.
Can I apply for a personal loan online in Surat?
Certainly! You can easily apply online through the Shriram Finance website; this process has been designed for convenience so that you can complete your application from home.
How can I check my personal loan application status in Surat?
You can check your application status by visiting the Shriram Finance website and entering your application reference number; alternatively, contacting customer care will also provide updates.
What is the minimum income required for a personal loan in Surat?
The minimum income requirement varies based on both loan amount and individual eligibility criteria; generally speaking, applicants should demonstrate sufficient income to meet their repayment obligations.
Are there any hidden charges associated with a personal loan in Surat?
Shriram Finance values transparency. There are no hidden charges related to their personal loansall 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.