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personal loan in tenali
Tenali is a town in Andhra Pradesh. It is known for its rich cultural heritage and historical significance. It is a city where tradition meets modern growth, offering opportunities for both personal and professional development. However, there are times when you may need extra financial support to meet your goals or tackle unexpected expenses. That's where Shriram Finance comes in, offering reliable and flexible personal loan in Tenali. Whether you need funds for a family event, medical emergencies, education, or home renovations, we understand that each individual has different needs. At Shriram Finance, we aim to make securing a personal loan in Tenali easy and hassle-free. Our loans are designed to offer you quick approvals, competitive interest rates, and flexible repayment terms ranging from 12 to 60 months. You can borrow up to ₹10,00,000/-* without the need for collateral, giving you the freedom to access funds when you need them most. Applying for a personal loan is simple and can be done online, allowing you to complete the process at your convenience. We provide transparent, easy-to-understand terms, so you are always in control of your finances. With regular equated monthly instalment (EMI) reminders, you can rest assured that managing your loan will never be a concern. Shriram Finance is your trusted financial partner in Tenali. We will help you achieve your dreams with a personalised personal loan.
Personal Loan Types in Tenali
Shriram Finance offers different options for a personal loan in Tenali to cater to different needs:
Features and Benefits of Personal Loan in Tenali
Choosing Shriram Finance for your personal loan in Tenali comes with several advantages:
Flexible Repayment Options
Collateral-free Loans
Competitive Interest Rates
Quick Approval
Seamless Experience
Regular Reminders
Personal Loan Interest Rates and Charges in Tenali
To make the best financial choice regarding a personal loan in Tenali, be sure to understand the costs involved. At Shriram Finance, we offer competitive interest rates starting at 11%* p.a. However, your rate may vary depending on factors like your credit score, income, and repayment capacity.
- Keep in mind that additional charges, such as processing fees and prepayment penalties, may apply. We believe in clear communication throughout the process, ensuring that You're aware of all costs.
- Understanding these aspects will help you manage your finances effectively and select the best loan option. By choosing Shriram Finance, you can effectively navigate your financial journey and reach your goals with assurance.
| 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, a valuable tool for managing your finances effectively. If you are considering a personal loan in Tenali, this calculator helps you understand your monthly payments. Enter the loan amount, interest rate, and tenure. The calculator will then give you an estimate of your monthly EMI. Knowing this helps you plan your budget with ease, as you can anticipate your monthly outgo. By understanding your EMI, you can make well-informed decisions about your loan options. Use our EMI calculator to take a confident step towards reaching 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 Tenali
To qualify for a personal loan in Tenali 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.
- Age: Applicants should be between 21* to 60* years old (on loan closure).
- Credit Score: A minimum score of 700 is preferred.
- Income: Minimum monthly income requirement varies based on the loan amount.
- Required Documents:
- Address Proof
- Passport
- Driving License
- Gas Bill with Gas book
- 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 Tenali
Applying for a personal loan in Tenali 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 Tenali
Shriram Finance has a presence in Tenali, making it easier than ever to apply for and manage a personal loan. We understand the importance of accessibility, which is why we have placed our branches in key locations throughout the city. Whether you are seeking guidance with your loan application, wondering about eligibility, or looking for information on repayment options, our team is here to assist you at every stage. You can visit any of our branches for personalised support, ensuring a seamless experience. If visiting a branch is not possible, our website features an online branch locator tool to help you find the nearest location. We aim to make borrowing hassle-free and transparent for everyone in Tenali. Visit your nearest Shriram Finance branch today to start your journey towards your financial goals. We are ready to help!
Locate Us
Personal Loan Customer Care in Tenali
In case of any queries or assistance regarding a personal loan in Tenali, we provide dedicated customer care services. You can reach out via phone or visit any branch for personalised support.
Personal Loan Status in Tenali
To check the status of your personal loan application with Shriram Finance, we offer quick and simple options to keep you updated. Given below is the process to track your application:
- Check Our Website: Go to the official Shriram Finance website and navigate to the loan status section. Enter your application reference number to get real-time updates on your loan progress. This ensures you stay informed without any hassle.
- Reach Out to Customer Care: If you wish to speak to someone directly, our dedicated customer care team will help you. They can provide accurate information about your loan application status and address any queries you may have.
At Shriram Finance, our goal is to provide a seamless and stress-free borrowing experience. By choosing us, you not only benefit from affordable interest rates and flexible repayment options but also enjoy excellent customer support. Check your application's current status.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Tenali?
To be eligible for a personal loan in Tenali from Shriram Finance, you must be a resident Indian aged between 21* to 60* years at the time of loan closure. Required documents include proof of identity, proof of address, income documentation for the past three months, and bank statements from the last six months.
What is the interest rate on a personal loan in Tenali?
The interest rate for a personal loan in Tenali from Shriram Finance begins at 11%* p.a. , depending on your credit score, income, and repayment capacity.
Is a personal loan in Tenali unsecured?
Shriram Finance offers unsecured personal loans in Tenali, meaning no collateral is needed. However, having a strong credit score is important for loan approval.
Can I prepay or foreclose my personal loan in Tenali?
Yes, you can prepay or foreclose your personal loan in Tenali with Shriram Finance, though prepayment charges may apply as per the loan agreement terms.
Can I apply for a personal loan online in Tenali?
Yes, you can conveniently apply for a personal loan online via the Shriram Finance website. The application process is easy and can be completed from home.
How can I check the status of my personal loan application in Tenali?
To check the status of your personal loan application, visit the Shriram Finance website and input your application reference number. Another option is to contact customer care for updates.
What is the minimum income required for a personal loan in Tenali?
The minimum income requirement for a personal loan in Tenali depends on the loan amount and individual eligibility criteria. Generally, you must demonstrate a sufficient income to meet repayment obligations.
Are there any hidden charges for personal loan in Tenali?
Shriram Finance ensures transparency with no hidden charges on their personal loans. Any applicable fees or charges will be clearly 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.